The West Midlands enjoys wealth above the national UK average - but only just, new research has revealed.
Figures from salary comparison site PayFinder.com has reported that while the UK average salary is £22,411, workers in the region earn an average of £22,529.
The West Midlands further benefits from a cost of living that is 2.2 per cent below the national average.
The PayFinder "wealth index" takes into account National Statistic data on the regional cost of living and compares this to average earnings. The greater amount of cash available above standard living costs, the higher a region's score on the index.
The West Midlands came in the 5th most wealthy region, according to PayFinder.
Topping the list was London where, despite figures from NS showing inflated living costs, average salaries reached an incredible £30,984 - 40 per cent above the national average.
Other 'wealthy' regions include the South-east, Scotland and the East Midlands.
Northern Ireland, which may enjoy one of the lowest costs of living in the UK, came bottom of the index due to an average salary of £17,366.
A spokeswoman for PayFinder.com said: "The impetus for the wealth index was to demonstrate that, despite a high cost of living, Londoners are actually well off due to their high wages.
"However, it has also shown the differences around the country as a whole.
"Financially the West Midlands is a pretty good place to live. Unlike Wales which has a low cost of living but an equally low salary, the West Midlands benefits from an above average salary and lower than average living costs.
"The region is very close to the national average, so over the next few years it will also be interesting to see whether wages will rise in line with the living costs."