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Save Money on Housing Costs by Moving To These 15 Affordable Cities

Posted By peronalfynance40 99 days ago on Finance - It is getting expensive all across the country regarding housing, and cities that were once considered affordable are now too pricey for families these days. These cities include Austin, Houston, much of California’s Bay Area, and even some Midwestern cities. But thankfully there are a handful of cities that are still affordable to live in. You’ll need to do the research and find out if relocating to a certain area will be right for you. Here are 15 affordable cities you can move to in order to save money on housing costs. 1. Kansas City, MO Kansas City has a low cost of living that is six percent, which is slightly below the national average, and the unemployment rate is 4.6%. The U.S. News and World Report states that the average salary here is $53,490. The main industries in Kansas City are healthcare, social services, science and technical services, and insurance. If you currently live in a city where traffic is horrible, you can be grateful for the fact that Kansas City’s commute isn’t hectic. It is also important to note that you will need a car to get around since the public transit isn’t the best here. Property taxes are also low in Kansas City. 2. Oklahoma City, OK According to the Greater Oklahoma City Chamber of Commerce, the average cost of new homes in this city is $241,727, and the average cost of rent is $850. Some of the top industries for employees in Oklahoma City are aviation, aerospace, energy. healthcare, bioscience, and financial services. The main source of this city’s aviation and aerospace jobs is at the Tinker Air Force Base. Other leading employers in Oklahoma City include Amazon, University of Oklahoma, Hobby Lobby Stores, AT&T, UPS, Hertz, and Cox Communications. The state of Oklahoma offers a variety of incentives for business owners who are moving their companies there so if you’re an entrepreneur, this city would be neat for you. 3. San Antonio, TX If you want to move to a city that is large but that is affordable and has a family-friendly feel, then San Antonio might be the city for you. According to the U.S. News and World Report, the average home price in San Antonio is $282,218 and the average rent cost is $1,024. If you’re moving from a city with harsh winters, you’ll love this city because it has a sunny climate for most of the year, including winter. The Mexican culture and historical significance are a major part of life in San Antonio so if you value cultural diversity, you will like it here. Regarding jobs, San Antonio is home to several military bases so the military is a huge employer here. Other popular employers in San Antonio include USAA, H-E-B Supermarkets, Methodist Healthcare System, and the San Antonio Independent School District. 4. Meridian, MS My great-grandmother was originally from Mississippi so I had to include the city of Meridian on my list. Meridian’s cost of living is 14% below the national average, and the average income here is $32,422. The average home price in this city is $83,000 and the unemployment rate is 6%. Some of this city’s major employers include Walmart, the Mississippi Air National Guard, the city government, Lauderdale County School District, Lockheed Martin, and Peavey Electronics. 5. Tallahassee, FL Tallahassee is home to two major colleges; Florida State University and Florida A&M University. Florida A&M University is a historically black college. College towns are generally affordable and this city is no exception. There are also so many things to do for families in Tallahassee thanks to places such as Alfred B. Maclay State Botanical Gardens. Here you’ll see a museum, picnic area, kayaking, and canoeing activities. There is also the Springtime Tallahassee Festival that draws in hundreds of visitors every year. The average home price in Tallahassee is $190,500 according to U.S. News and World Report. The unemployment rate here is 5.8%. Tallahassee is also great for young people with the median age being 33. According to the Greater Tallahassee Chamber of Commerce, the city’s top employers include: Florida State University Tallahassee Memorial Healthcare Sodexo Georgia Pacific Bank of America Home Instead Senior Care 6. Twin Falls, Idaho More people are flocking to Twin Falls and for good reasons. If you love nature, then this is the city for you. Here you’ll explore beautiful and amazing waterfalls such as Shoshone Falls, which stands at a gigantic 212 feet. And you can go for peaceful bike rides along the Canyon Rim Trail. For those who prefer an urban flair, the downtown area has plenty of cool restaurants, shopping venues, and music venues to enjoy. The top employers in Twin Falls include the College of Southern Idaho, ConAgra, and Loomix. 7. Raleigh, NC Raleigh is quickly becoming one of the best places to relocate to, and here is why. Because Raleigh is close to the University of North Carolina at Chapel Hill and Duke University, there is never a shortage of fun activities and sporting events in this area. A huge chunk of this city’s population works for the state since it is the state capital. But there are other thriving industries in Raleigh. These include healthcare, education, and information technology. The average salary in Raleigh is $56,000 and the unemployment rate is at 6.4%. The city’s main employers are the Wake County Public School System, Food Lion, Walmart, Target Stores, Cisco Systems, Pfizer, Fidelity Investments, and Verizon. Raleigh offers traditional Southern charm with urban flair as seen in the various shopping venues, apartment condos, and neat restaurants. 8. Topeka, KS The average home price in Topeka is $130,000 and the unemployment rate is 3%. The top employers in this city include the State of Kansas, Stormont-Vail Healthcare, Topeka Unified School District, and Blue Cross Blue Shield of Kansas. If you’re a remote worker who wishes to move to a less expensive city, the city of Topeka has a program where they will pay for relocation assistance here. If you’re renting, you can receive up to $5,000 in assistance and homebuyers can receive up to $10,000 to help pay for the new home. 9. Lynchburg, VA This small Virginia city has a population of 82,126 and the overall cost of living is 11% below the national average. The average cost of a home here is $175,500 and the unemployment rate is 5%. The average cost of rent in Lynchburg is $665. This city is home to several neat colleges, one of which is Liberty University, a well-known evangelical college. Other colleges here include Lynchburg College and Central Virginia Community College. The top employers in Lynchburg are Lynchburg City Schools, Liberty University, the city of Lynchburg, Concentrix, and Wells Fargo. 9. Indianapolis, IN Here is another amazing Midwestern city that is also affordable to live in. The average home price in this city is $277,000 according to the U.S. News and World Report, and the average cost of rent is $916. The winter weather can be harsh and the summers are quite hot. However, fall generally brings beautiful weather in Indianapolis. The city’s top employers are: Indiana University Health Eli Lilly Indiana University FedEx AT&T UPS PNC Bank Sallie Mae Amazon While Indianapolis is known for the popular Indianapolis 500 race, there are other fun attractions you should check out upon moving here. The Mass Ave. Cultural District is an eclectic area filled with bars, theaters, stores, and restaurants. For your kiddos, check out the Indianapolis Zoo. Here you will learn about animals that live in the plains, deserts, and oceans. There are also rides and sections of the zoo where you can feed certain animals. Other cool places to enjoy are the Children’s Museum of Indianapolis and the Indiana Motor Speedway Hall of Fame Museum. 10. Phoenix, AZ There are several reasons why you should consider Phoenix if you’re looking for an affordable place to live. The average home price here is $383,000 and the unemployment rate is 7%. A quarter of Phoenix’s residents are younger although a sizeable amount of retirees live here. Arizona State University is located here. Regarding the job market, Phoenix is quickly becoming a technology hub. The Phoenix area continues to attract tech companies from California and other sections of the West Coast. Tech companies such as Uber, Shutterfly, and Yelp are moving some of their offices to this city. There are also widely available jobs in the financial services sector. 11. Huntsville, AL In Huntsville, the average home price is $192, 667 and the average monthly rent is $836. Huntsville is home to the NASA Marshall Space Flight Center and at the U.S. Space and Rocket Center, you and your family can learn more about the history of space exploration in America. Many military retirees call Huntsville home but this city still has a fair share of young professionals and families. Two major universities; Alabama A&M University and the University of Alabama at Huntsville, are located in Huntsville. Some of this city’s top employers are: U.S. Army/Redstone Arsenal Huntsville Hospital System Boeing Company City of Huntsville Madison County Schools NASA Marshall Space Flight Center Toyota LG Electronics 12. Fayetteville, AR Thanks to the University of Arkansas’ football team the Razorbacks, Fayetteville is a true collegiate sports town that is also affordable. The average home in Fayetteville costs $203,000 and the average rent here is $833. The unemployment rate is 4%. Two of the city’s largest employers are the University of Arkansas and the Fayetteville School District. Other major companies in this area include Tyson, Walmart, and J.B. Hunt Transport Services. 13. Ft. Myers, FL The average cost of a home in Ft. Myers is $277,900, and the average cost of rent is $1,154. Outdoor lovers will like Ft. Myers because of the access to numerous beaches, biking trails, hiking trails, golf courses, tennis courts, and swimming pools. This city’s top employers are: Lee County School District Hertz Publix Supermarket Walmart Florida Gulf Coast University Home Depot Lee Health 14. Ann Arbor, MI The average home price in Ann Arbor is $270,567, and the average cost of rent is $1,114. The University of Michigan is located here so you’ll receive the benefits of living in an affordable college town. With a population of 120,000, Ann Arbor offers an urban feel yet with a touch of small town charm. The University of Michigan is the city’s top employer but the healthcare and technology sectors are just as robust here. 15. Harlingen, TX In Harlingten, the cost of living is affordable. The average home price in this city is $98,007. Harlingen’s top employers are the Harlingten Independent School District, Dish Network Service Center, Valley Baptist Medical Center, HEB Stores, and the city of Harlingen. These are just a few affordable cities that you can relocate to and save money on housing costs. If you’re low on funds, I wrote a post about cities that are paying people to relocate there. You can check these places out too.

The post Save Money on Housing Costs by Moving To These 15 Affordable Cities appeared first on Adventures in Frugal Living.

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