When Dorothy of Wizard of Oz said, theres no place like home, perhaps she was also alluding to Kansas low cost of living. 1 in America's Top States for Business, with the nations strongest economy, These 10 states are leading America in creating a crypto economy. One of the best liberal cities to live in, Santa Barbaras cost of living is a whopping 123.4% higher than the national average. With a higher movement in single-family house prices, its clear that many Americans see Illinois as one of the best states to live in. Whatever the reason, now youre wondering,What are the cheapest states to live in? 20 Most Affordable States in 2021 Located near the Twin Cities, Northfield, Minnesota, is home to Carleton College and St. Olaf College. Located a stones throw from Asheville (also on our list), Swannanoa enjoys the same stunning natural scenery and lively local arts scene as its bigger neighbor. Cheapest States To Live In 2023 Lowest Cost Of Living Rural: What's The Difference? Iowa 12. WebLast but not least, Kentucky is one of the cheapest states to live in the U.S. Thats great news for budget-minded students determined to live near the Bay. Prices have only gone higher this year, so we have also included the current regional inflation rate year-over-year from the U.S. Bureau of Labor Statistics. I dont want to stay in Florida long term. Paul Hennessy/NurPhoto via Getty Images. The cheapest part of Alabama is the Anniston-Oxford area, which has a cost of living thats 17% below the national average. Web20 Most Affordable States 1. Its about 28.5% higher than the national norm. The median home price is $186,500. Most of Marylands liberal base is in the Washington D.C. metro area and Baltimore. }, "logo": { New York is geographically split, a majority of upstate areas vote conservative, and the larger metro areas vote liberal. With a population of about 42,000 people, Burlington is Vermonts largest city. The biggest difference in the cost of living is housing. Like everywhere else, gas prices here are high. In a different college town, Austin, Texas, you can expect to be on the hook for 50-60% more. Oregons fastest-growing city maintains its mountain-town vibes Population: 103,222 Average rent for a 1-BR: $1,044 With its world-class beer scene, farm-to-table With prices of goods and services around the world rising at rates not seen in 40 years, bargain hunting is a national pastime. Cheapest State to Buy a House While most cost-of-living categories are right on par with the norm, housing is about 64% higher than the American average (and 98% higher than the Michigan average!). Get this delivered to your inbox, and more info about our products and services. Tennessee boasts affordable housing with an index of 82.6, one of the lowest in the nation. Brownsville, Texas: the affordable city to live in the US. Moving somewhere new is a big adventure! 1. Home to Oberlin College since 1833, Oberlin is an energetic and politically active place well known for its Progressive student population. List of the largest-to-smallest continents by land area. We hope this guide of the 12 most affordable states will help you narrow down your search. Urban Vs. The Hospitality State has a median home value of $128,600, and renters enjoy a low monthly expense of $612 for a one-bedroom apartment. On the flip side, the cost of living is likely even cheaper than Morgantown in the mountains of southern and western West Virginia. Located in the Southeast corner of New York state, at the mouth of the Hudson River, is the small town of Bronxville, one of the most liberal small towns in America. (Actually, the guy who invented sliced bread was from there.) Home to three Air Force bases, the state attracts federal government spending on military and research. America's Top States for Business 2022: The full rankings, By putting partisanship aside, North Carolina ranks No. Fort Waynewhich was the cheapest place to live in 2022went down several slots this year. But our home affordability calculator will help you calculate a budget that will work for you. Students living in Ithaca often comment on how the town feels more sophisticated than the stereotypical college town. First, theres the higher education rate, which drives success in the overall Best Places to Live ranking, Best for Young Professionals, Best for Families and Best for Retirees, said Bell. Louisiana 17. West Virginia 16. Transportation cost index: 92.7. Average Household Income: Household income is the amount of money collected within the combined incomes of all people sharing a residence. There is plenty to do in a place like Worcester. Home to the prestigious Northwestern University, Evanston is located within sight of Chicago on the shores of Lake Michigan. Overall cost of living index score: 83.3. You can expect to buy a home for around $124,800, and theres ample land to build a house if you wish. Seventy percent of Burlingtons population vote Democrat. Peeterv | Istock Unreleased | Getty Images. Missouris two biggest cities, St. Louis and Kansas City, have cool sights like the Gateway Arch and Womens Leadership Fountainbut theyre also two of Americas most dangerous cities.47So youll want to look for neighborhoods that are cheapandsafe. Median household income: $46,511. These are the liberal cities with low living costs in 2020 and beyond. Housing affordability is no longer just about the price of a property. Fortunately, the other cities on Georgias cost of living index range from 8% to 17% below the average U.S. city. It takes a mere 10.6 percent of the median household income to afford a home in the Hawkeye State. Students at nearby Smith College can expect to spend about 8% more on necessities than the rest of the country but about 20% less than other students in Massachusetts. ]. If youre looking for a budget-friendly state to retire in, Oklahoma may be for you. The median home price in St. Paul Park is $204,800, while you can find a place to rent for just $891. With a cost of living that averages about 70% higher than the national average, Claremont remains slightly more affordable than other towns in the greater Los Angeles area. To find the states with the lowest cost of living, we look at the Cost of Living Index published by the Council for Community and Economic Research (C2ER). With an exceptionally low cost-of-living index score of 83.3, Mississippi is well below the national average of 100. Its got one of the lowest health care costs in the country17% below average! New Mexico, otherwise known as the Land of Enchantment, is the third most affordable place to live, with an overall cost of living index of 89.6. As we know, the pandemic had a material impact on employment, housing and a variety of other areas that are included in these rankings, said Bell. These Are the Most Affordable Countries | U.S. News The numbers you see in this article come from thatindex unless otherwise noted. For our rankings, we analyzed living costs in the 74 most populous cities in the United States. The state has one of the highest rate of poverty in the U.S., according to the U.S. Department of Agriculture.
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