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Last but not least, Kentucky is one of the cheapest states to live in the U.S. 12 Cheapest States To Live In [Updated 2022] - FortuneBuilders Just curious? Even though youll likely pay average prices for groceries and health care, housing in Iowa is pretty darn cheap. Paul area. America is home to some affordable beach towns that come with beautiful stretches of coastline without the hefty price tag. Most of your decision-making will be influenced by personal incentives and preferences, such as the affordability of big cities within those states, or cost of healthcare or transportation. John M. Chase | Istock Unreleased | Getty Images. Missouri 9. See for yourself: Georgias average housing costs definitely arent cheap. If you want to make this Natural State your future home, make note that Wal-Mart, Tyson Foods, and Baptist Health are major employers. Now that weve explored some of the cheapest states to live in, its smart to also consider the other side of the coin. Of course, college towns also tend to be small and the types of places where everyone knows everyone. "name": "FortuneBuilders", Its also affordable at least when compared to other Progressive West Coast college towns. Their Cost of Living Index is a well-regarded and often-cited resource for comparing living costs from state to state. Oklahomas cheapest city is Muskogee. The Magnolia State has a cost of living index of 83.3. There are other things to consider when decidingwhere you should movelike whether you can earn a good salary in your field, or whether youll evenlikethe state. Top 10 spoken languages, globally. Were getting lower on our list, but Indiana is still one of the most affordable places to live in the U.S. As is the case with most California towns on our list of the most affordable liberal college towns, the biggest difference in cost is housing. The cost of living in Arkansas is 9.9% below average. What are the top 10 cheapest states to live in? Also listed are average prices for selected items last year based on the 2021 Average Cost of Living Index by the Council for Community and Economic Research, C2ER. If you have a lot of food costs, such as feeding a large family, note that Kentucky residents pay about 9 percent less in grocery costs than those living in other states. Aspiring Progressives should also be happy to know that Providences cost of living makes it the 8th most affordable town on our list. So before youmove to Tennessee, find outexactlyhow much house you can afford to make sure you dont go overboard. If you wish to buy a home, the median price is $146,000. The biggest difference in cost is housing, which averages a whopping 249% higher than the U.S. average and 76.4% higher than the Massachusetts average. Even in a college town like Ames, renting an apartment won't blow away your budget. Colonial Village has seen quite the rise in the past few years, said Bell. "https://www.fortunebuilders.com/wp-content/uploads/2021/04/what-is-the-cheapest-state-to-live-in.jpg", As the second largest city in Massachusetts, Worcester is home to many colleges and universities and their student populations. The overall cost of living in Oklahoma is 86.8, making the Sooner State very affordable. With 31% of voters identifying as liberal, Washington is the fourth-most liberal state in the United States. To figure out which college towns are most affordable, we looked at costs for housing, food, healthcare, transportation, utilities, and entertainment and compared those costs to the national average. With a full calendar of local events, lively atmospheres, and usually a lower cost of living, college towns make for great places to live. On the Republican side, Florida has the unfortunate claim of being the most unaffordable state overall, with a 58% cost-burden rate. "datePublished": "2022-06-23", It WILL be a culture shock as a lot of Tennessees cost of livingis 9.6% below average. Of these 12 most affordable states to live in, which one would you choose? A one-bedroom rental in Northfield can be had for an average of $780 per month, about $150 less than the greater Minneapolis/St. But where should you go? Michiganders do payaboveaverage for utilities and transportation, and car insurance is more expensive there than almost anywhere else in America. Its cost ofliving index is123.35, saysnumbeo.com. Nestled in Californias picturesque San Gabriel foothills, Claremont is home to the prestigious consortium of Claremont colleges. Heres what housing prices, salaries and the job market look like in Missouri: In Missouri, there are plenty of small towns where you can put down roots. Washington state, Nevada, Montana and Washington, D.C., came in between $402,900 and $487,500. 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. Students living off-campus should expect to pay about $1,067 for a one-bedroom apartment. Taxes: Taxes vary from state to state, so its a good idea to look at the tax rates and any tax benefits that those states may offer. Seventy percent of Burlingtons population vote Democrat. "@context": "https://schema.org", So what is the best city to live in America? Thats why weve researched to find the 30 most affordable politically liberal college towns. Overall, however, red states are Report Ranks Americas 15 Safest (And Most Dangerous) Cities For 2023, Quit Your Job And Move Abroad: 10 Cheapest Places To Live, This is a BETA experience. Time to move! States to Raise a Family 20 Most Affordable States in 2021 Those looking to stay in town longer term should expect a median home cost of about $783,700. Tennessee is the cheapest state to buy a house in 2022. In fact, it was very republican back in the old days. Well talk a little about each states culture too. You can expect to buy a home for around $124,800, and theres ample land to build a house if you wish. But unlike Missourior anywhere elseyou can actually find real diamonds in Arkansas at Crater of Diamonds State Park. Kansas 3. Average Household Income: Household income is the amount of money collected within the combined incomes of all people sharing a residence. Located in one of the most naturally A view of Longfellow Bridge and Cambridge, Massachusetts: the best city to live in the US. If you want to lower your living costs but want to live in a big city, Indiana could be a great option. Or head to Niche.com, where you can see the healthiest cities, the best spots for families, the best places (defined as a non-rural town with a population of 1,000 or more), the best suburbs and more. Also interesting is the fact that South Hadley is the first college town on our list in which housing is not the greatest difference in cost of living. Cambridge performs exceedingly well in several factors. WebThe Council for Community and Economic Research measures cost of living based on a composite of price information from participating cities and metropolitan areas in each state. Home to both Harvard and MIT, plus some smaller colleges and universities, Cambridge, Massachusetts, is the quintessential college town. 1 To get a complete picture of each citys living costs, we recorded how much rent, 2 food, 3 gas, 4 and utilities 5 cost on average in every city. For affordability and housingtwo of the biggest concerns for those looking to move, now more than evertowns in Pennsylvania make up considerable portions of each national top 100, said Bell. Located at the head of Narragansett Bay near the Rhode Island border, Norton, Massachusetts, is a charming college town of about 19,000 full-time residents. It has everything from sand dunes up north to forests and limestone caves down south. Or maybe youre just sick of paying out of your nose for housing, groceries and utilitiesyou know,life. Sign up for free newsletters and get more CNBC delivered to your inbox. As a one-bedroom renter, expect to pay around $645. New York, for example, used to be highly conservative but is now much more progressive. In the 2016 presidential elections, 61.5% of voters voted Democratic, a 30% lead over the Republican vote. getty Best Places to Live in the U.S.: 10 Most Affordable Cities Brownsville, Texas Dayton Wichita Falls, Annandale on Hudson is known for its local arts and culture scenes, though the town is also close enough to New York City to ensure having a night or weekend out is totally possible. Norton is also affordable, with a cost of living averaging just 14% higher than the national norm. In 2016, 62.2% of Hawaii voters voted Democratic in the presidential election. Overall costs for utilities, transportation, entertainment, food, and healthcare range from 17% below the national average (healthcare) to 25% above (entertainment). Blue states are states that have a more liberal population and culture, as opposed to the conservative red states. While there are many more red states than blue states, the blue states tend to have much higher populations, so they have higher numbers in indexes like the electoral college and the number of congressional representatives. It was number 27 in 2021, number 13 in 2022 and now its number one in 2023. Expect to pay a low monthly rent of about $629 for a one-bedroom if you prefer to rent. We're here to help with life's everyday questions, Mississippi is the least expensive state to live in, nearly one-fifth of Mississippiresidents live at or below the poverty line. Thanks to Middletowns stable economy, college students at Wesleyan University can live off campus and pay 11.2% lower than the national average. In contrast, Indianas capital, Indianapolis, is one of the nations most affordable cities. Switzerland is the second-most expensive country in which to live. Florida saw approximately Still, such a large student population hasnt kept its cost of living from reaching 82% above the national average. Rent 3 bedrooms Center/Outside Center: $2,724.11 /$1,913.70. 2022 Cost of Living Score: 42 out of 50 points (Top States Grade: A-), Consumer Price Index (May, Midwest Region): Up 8.8%, Average home price (Bloomington): $408,649. Swarthmores charming quaintness is part of the reason that the cost of living is 13% higher than the national average. Red vs. Blue States: Which are More Affordable for Renters? For affordability and housing, Pennsylvania delivers. Driving through the Crossroads of America is a breeze. Texas 15. Though Bronxvilles cost of living remains lower than that of nearby New York City, it still averages about 88% higher than the rest of the country. Maybe you want to move. With a housing cost score of 71.3, Georgia turns out to be quite a peach. "@type": "", A can of peaches in the state that's known for them will cost about 30% less in Georgia than in Southern California. This includes the average amount it would cost to rent an apartment or purchase a home in a particular area. Approximately 79% of Oaklands residents vote Democrat. The states location alongside the Mississippi River made it a strategic military location during the Oaklands large and diverse population ensures local college students enjoy a unique college experience. Our rankings are a great starting point and resource for anyone considering a move, big or small, said Ryan Bell, the principal strategist at Niche. In order to determine the best states to raise a family, WalletHub compared the 50 states across five key dimensions: 1) Family Fun, 2) Health & Safety, 3) Education & Child Care, 4) Affordability and 5) Socio-economics. Such affordability should leave plenty of pocket money to enjoy the local arts scene, the shops and restaurants of the picturesque downtown, and the nearby natural surroundings. Iowa could be the future home for you. Here's how to make a budget in just five steps. The country has a cost ofliving index of 19.92. In this guide, we focused on the Councils reported indexes of overall cost of living, grocery costs, housing costs, and transportation costs of each state. The Cheapest States to Live The Best (And Cheapest) Places To Live In The U.S., Maine is the second-most liberal state in the country. Pictured here: Pittsburgh, which has some of [+] the most affordable areas in the country. The top ten most liberal urban areas in the United States, starting with the most liberal city in America, include the following: San Francisco, California; Washington, District of Columbia; Seattle, Washington; Oakland, California; Boston, Massachusetts; Minneapolis, Minnesota; Detroit, Michigan; New York, New York; Buffalo, New York; and Balitmore, Maryland. A one-bedroom apartment in Claremont costs an average of $1,560 per month. What is the cheapest state to live in? The cheapest states to live in Michael Watz | Istock | Getty Images. Mississippi 2. Lets head west! Ithaca, New York. Buying a home or renting an apartment in Meridian, Mississippi, will cost you roughly half of what it would in Bozeman, Montana. Located near fellow liberal college town Berkeley, Oakland is home to myriad colleges, including Mills College, Holy Names University, and California College of the Arts. 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!). Lets compare Tennessees average housing prices, income and job market to the rest of the country: Housing prices are high in Tennessee (and it doesnt help that the average household income is $10,000 lower than the national median). America's Top States for Business 2022: The full rankings, By putting partisanship aside, North Carolina ranks No. But on the bright side, salaries are close to the national median. }, Maryland voters are 29% conservative, giving the state a -1 point liberal advantage. I dont want to stay in Florida long term. "url": "https://fb.fortunecdn.com/images/FBLogoDownload.png" "@type": "WebPage", Paul Hennessy/NurPhoto via Getty Images. Still, Oberlin students hoping to live off campus will be happy to know that housing costs are a whopping 42% less than the rest of the country! Iowa Median Home Price: $147,800 Estimated Monthly Mortgage Payment: $702 Iowa came in at the top of our list of the most affordable homes in America. Mississippi These cities tend to have high minority populations and public expressions of LGBTQ+ acceptance. Perhaps best of all is the fact that students on a budget can enjoy all that Olympia has to offer because the city enjoys a cost of living lower than the Washington average.
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