HUTCHINSON, Kan. — Most people strive to retire by 65. People across the country also try to pay for their children’s college education. These are two basic savings goals for Americans.

However, the dollar amount needed to accomplish these goals varies depending on location.

The financial technology company SmartAsset crunched the numbers to find the places where it costs the least to meet these goals. According to the study, Hutchinson ranked No. 16 out of 223 cities included in the study.

The study found that Hutchinson residents must save $515 every month to accomplish these goals. Put another way, on average, Hutchsonians will need to save about 9.41 percent of their income to retire on time and send two kids to college.

One city in Kansas was actually listed in the top 10: Salina. Salinians need to save $485 per month to reach those goals.