Most Affordable Cities To Live In the U.S
Financial affordability is one of the key aspects that go into finding the 5 most affordable cities to live in the U.S. It helps you to decide where you want to live or own a home. To look for the most affordable cities to live in the U.S, the median annual income of a household is taken into consideration. This includes, cost to rent a home, utilities and taxes.
In considering the 5 most affordable places to live in the U.S, the cost of living alone does not matter. It is how much you earn that plays a big role as well. Moreover, the southern part of the U.S is most affordable for those who are looking for a decent home either to rent it or own one.
Birmingham, Alabama
Birmingham, Alabama is one of the 5 most affordable cities to live in the U.S. Alabama state is situated in the South-eastern region in America. The biggest cost savers in Birmingham are the services connected to healthcare and transport. They are 16.6 percent and 13.2 percent, which is below the national averages. The median family income stands in at $61,000, and median home sales landed at $130,000. If you want the most bangs for your buck, Birmingham is the first-choice place to be.
Knoxville, Tennessee
Of the 5 most affordable cities to live in the U.S is Knoxville, Tennessee. It might be the perfect place for a college football fan looking for more affordability. You will live in close proximity to the University of Tennessee and some serious SEC football. You need to consider low transportation costs, relatively cheap groceries and utilities. Median family income is just above $60,000, and homes were selling at a median price of $144,000.
Buffalo, New York
Buffalo, situated in the state of New York is one of the most affordable cities to live in the U.S. It is in the same state that one of the most overpriced cities resides (New York City). It has a median family income of $63,900, and a median home sales price of $118,000. 81.8 percent of the local population live in their own houses.
Oklahoma city, Oklahoma
Oklahoma City, Oklahoma is another 5 most affordable cities to live in the U.S. It takes the number four spot, with a median family income of $61,400. It is a growing city with homes in Oklahoma City sold for under $140,000, thus making it a good city for those looking for affordability. And if you are a basketball fan, the Thunder are a playoff staple these days.
Cincinnati, Ohio
Cincinnati located in Ohio is one of the 5 most affordable cities in the U.S. As we go, with another of the state’s larger cities, Cincinnati, making a showing on the list. A median price of $133,000 for a home is considered a good bargain. Median family incomes were $68,500, and almost 84 percent of the city’s residences could be purchased at that income level.
