Various major urban centers in the country, like New York, Manhattan, and San Francisco, often grab headlines for their high cost of living. Despite the opportunities and benefits, this factor may discourage people from moving or living in these cities. Thankfully, several dream cities in the country balance affordable housing and a high quality of life. But before moving to these areas, it is important to evaluate multiple factors like daily expenses, transportation, and housing.
1) Dothan, Alabama
People who move to Dothan can expect budget-friendly city life with high-quality living. The cost of living in this city is around 12.3%, which is ideal and generally lower than the national average. The low unemployment rate is another factor that may attract people to this city. It is also known as the Peanut Capital of Alabama, due to the large-scale production of the crop here. Residents can take their guests to enjoy the annual National Peanut Festival. Dothan is an agriculture-friendly city, and housing and utilities here are cheaper. Transportation and wellness also cost less than the rest of the country, offering residents much-needed relief from the impact of inflation.
2) Pittsburgh, Pennsylvania
More commonly known as the Steel City, Pittsburgh is one of the most affordable places in the country. The city is also known for its affinity to education, technology, and wellness. A highly coveted city for working adults, students, and retirees, Pittsburgh has maintained its affordability in the housing market. Compared to other metro cities, rents and home prices are manageable here. One can explore old neighborhoods, museums, parks, bridges, eateries, and even sporting events. It blends affordability with a solid urban experience, which appeals to young professionals, families, and retirees alike.
3) McAllen, Texas
This is probably one of the most affordable cities in the country. McAllen is located on a popular bird migration corridor, making it a hub for bird watchers, nature lovers, and weekend hikers. The city is home to the International Museum of Art and Science and the Quinta Mazatlan. This Texan city has a high affordability ratio when it comes to housing, living, and well-being. However, residents might have to pay a slightly higher price for utilities around here. Like most Texan cities, a striking factor about McAllen is its budget-friendly cost of living, which is 15% below the national average.
4) Decatur, Illinois
The cost of living in this vibrant city is nearly 20% lower than the national average. Decatur has a metro population of over 66,000 and is one of the top affordable places in the country. People from different walks of life can choose to relocate to the city. Decatur is mainly known for its manufacturing centers and agriculture. People looking to move here can significantly save on buying or renting a house. Millikin University and Richland Community College make the city more appealing to families seeking strong education opportunities for their children.
5) Harlingen, Texas
Texas is one of the leading states in the country when it comes to offering affordable housing and living. Harlingen, a major port city in the huge state, has a 17.8% lower cost of living than the national average. The city is at the southern tip of the state and is neighboring the Gulf of Mexico and the Rio Grande. A significant share of the city’s population lives below the poverty line. That said, housing, groceries, and gas cost less than the national average. The city is also witnessing rapid growth in the telecommunications and wellness industry.
6) Florence, Alabama
This city occupies the northwest corner of Alabama and is known as the primary economic hub of the region. The median home value in the city is estimated to be around $74,000, with a median income of $50,396. It is one of the places with the lowest property tax rates. It is also among the cities with the highest sales tax. On average, residents save approximately 35% less on housing-related expenses than in other cities in the country.
7) Bay City, Michigan
The affordable cost of living makes Bay City a desirable place to live. The city is close to Lake Huron and the Saginaw Bay. It is home to the Bay City Antiques Center, one of the largest antique malls. The median home value in the city is estimated at around $90,930, while the median household income here is $47,116. It also ranks among the cities with the lowest home value-to-income ratios in the country, making it an affordable alternative for a diverse range of homebuyers.
When looking for affordable and budget-friendly cities with a high quality of life, one should keep a few things in mind. Start by comparing the city’s average housing costs with the median housing cost in the city where one currently lives. It is better to choose a city where the housing cost does not exceed 30% of the median household income. One should ensure that the city’s cost of living is lower than the national average. Other factors to consider include the unemployment rate, job opportunities, and the average salary in relevant industries. Opting for places close to major urban centers will enable access to amenities and help gain a sense of community.