U.S. urban cities make up only 3 percent of the landmass in the United States, but account for roughly 80 percent of the U.S. population, according to a new report from WalletHub.

Large metropolitan cities typically draw people looking for economic opportunity, especially young professionals seeking career advancement or active social lives.

Despite the obvious benefits of living in a bustling metropolitan area, there are substantial trade-offs to consider, according to WalletHub, which noted that a much higher cost of living would have to be factored into a budget and pollution is commonly a concern. A higher population often inflates travel times for commuters and the likelihood of travel delays and limited housing availability is much greater.

WalletHub looked at factors such as affordability, economic opportunities and education and health services to rank 62 of the largest cities in the U.S.in terms the life they have to offer to residents.

Ultimately, every location has pros and cons, according to the WalletHub report. For example, San Jose, Calif., has a cost of living that is 67 percent higher than the U.S. national average, according to a recent report from Forbes.  However, a strong local economy and high incomes help to offset the high cost of living in the city. 

Here is a list of WalletHub's best big cities to live in, in ascending order:

10. New York

New York had the third-lowest crime rate of the cities studied. In fact, New York has had one of the lowest crime rates the city has seen in decades, according to a 2018 report from ABC news. Murders in America’s largest city were a record low 290 in 2017, a steep drop from 2,245 murders in 1990.