10 of the Most Affordable Places to Live in the U.S.
You’re ready to move to a new city. But, before you pack up and select a new place to live, make sure you do your research. While it’s great to have an idea of some of the different entertainment options and attractions that an area offers, you also want it to be somewhere that fits into your budget.
Let’s say you’re looking for a city to move to and are hoping to spend about $140,000 on your new dream home. “Try to purchase a home in New York City with a budget of $140,000 and the options are pretty limited – a 375-square-foot apartment in Queens may be the most luxurious possibility,” according to Forbes. However, that $140,000 could get you a lot of house if you’re looking at one of the more affordable cities in America. Check out ten of the cheapest cities in the U.S. to see where you can get the most bang for your buck.
1. Buffalo, N.Y.
In a surprising twist, the most affordable city in the U.S. is in the same state that the most overpriced city resides (New York City), according to Forbes. Buffalo has a median family income of $63,500, and a median home sales price of $100,000. Home ownership is attainable for 88.5 percent of the local population.
And, if you’re hoping to find a place where you can cut down on daily expenses, Buffalo may be the place for you. The city’s daily expenses are about 4 percent below the national average.