In an era when the cost of living continues its upward trend, the quest for more affordable places to call home has become a pressing concern for the majority of Americans.
Recent studies indicate that a staggering 70% of the population is anxious about the relentless surge in living expenses, prompting a growing number of individuals and families to reassess their financial outlays and seek more budget-friendly alternatives.
However, the appeal of low-cost American cities extends far beyond just monetary considerations, encompassing a rich tapestry of motivations.
Positioned just outside major metropolitan areas, these communities also promise smaller populations, lower crime rates and a quality of life that resonates with a diverse array of individuals seeking a change.
Within this list, certain cities stand out for their distinctive characteristics and economic appeal. Here’s a look at them.
Hickory, North Carolina
Tucked amid the picturesque Blue Ridge Mountains, Hickory beckons with Southern charm and scenic beauty.
US News and World Report crowned it the “Best Affordable Place to Live in the US,” where residents spend just 18.95% of their median household income on housing.
Hickory offers a lower cost of living and a median home price of $161,000.
Its proximity to larger metros like Charlotte and Asheville makes it a growing hotspot.
Business Insider rates it as the most affordable city, boasting an average salary of $44,470 per year.
Fort Wayne, Indiana
Fort Wayne, with its rich history and picturesque rivers, stands as a testament to affordable living.
Rocket Mortgage praises the city for its affordable housing costs, while Yahoo Finance highlights its diverse economy.
Founded in 1829, the cost of living in Fort Wayne is 1% lower than the state average and 11% lower than the national average.
It used to be a site for of a US Army fort following the Revolutionary War.
Jackson, Mississippi
From Civil War history to a vibrant arts scene, Jackson, Mississippi, offers a multifaceted charm at an affordable price.
Dubbed the “City with Soul,” Jackson weaves together history, blues music and a unique ballet scene.
MarketWatch Guides emphasizes its significantly lower housing costs compared to the national average, making it a historical and cultural haven without breaking the bank.
Toledo, Ohio
Toledo, by Lake Erie, strikes a balance between urban amenities and a close-knit community.
US News and World Report underscores that just 21.71% of the median household income is needed to cover housing costs.
Known as the Glass City, it has evolved from its glass manufacturing roots to become a hub of diverse industries.
Akron, Ohio
Akron, the “City of Invention,” captivates with a blend of urban amenities and natural beauty.
SpaceWise invites exploration of its estates, museums and outdoor spaces, while Yahoo Finance emphasizes its role in polymer research and the breakfast cereal industry.
Akron’s resurgence from its tire industry past now hosts a multitude of research and development, and tech offices, showcasing a promising economic shift.
South Bend, Indiana
Home to the University of Notre Dame, South Bend enjoys a youthful atmosphere and a budget-friendly lifestyle.
The university’s role is a major employer there, keeping costs in check.
Rocket Mortgage underscores its budget-friendly lifestyle and recreational offerings.
Brownsville, Texas
With a subtropical climate and proximity to Gulf Coast beaches, Brownsville offers an affordable slice of paradise.
It has a lower cost of living compared to the state and national averages.
Brownsville offers warm temperatures and affordable living. US News and World Report highlights its affordability in goods and services, ranking it as the most budget-friendly spot on the list.
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