Cheap Places to Live
If you’re not happy with your standard of living, the opportunities or with some other aspect of your current place of living then you should consider the idea of settling somewhere new. One of the greatest advantages of living in the United States is that you can easily relocate to another city or state without worrying about language differences or residence permits. Why not make the most of it? Yes, deciding where to settle down can be a daunting task when you have so many cities to choose from.
But, the choice can be much easier if you use the right filters. If you want to improve your standard of living, you’d be interested in places where the cost of living is low. But is that enough? Here is a better strategy – optimize both on the cost of living and on employment opportunities! You could do exactly that if you look at a list of some cheap places to live and then compare them based on employment prospects. That’s exactly what we’ve done here, so read on to discover six cheap places to live in the United States, where the unemployment rate is lower than the national average.
SOME CHEAP CITIES TO LIVE IN
Round Rock, Texas is a city of about 100,000 people, a median income above the national average and an unemployment rate lower than the national average by 1.7%. If you’re still not convinced then another factor worth considering is the fact that you won’t have to pay any state income tax if you live in Texas. Another reason why Round Rock is on the top of our list of the cheap places to live is that groceries there cost about 17% less than the national average. Just imagine how much that could impact your budget if you’re also frugal with your food expenditure! Need we say more?
Next one on the ‘cheap places to live’ list is Norman, Oklahoma – the city with the lowest cost of living and second-lowest unemployment rate. It’s worth knowing that the largest employer in Norman is the University of Oklahoma. In addition to that, housing in Norman costs 28% less than the national average, so it is a great place to live if ample floor space is high on your list of priorities. The capital of Oklahoma is a mere 30-minute drive away.
More Cheap Places To Live
Cedar Rapids, Iowa has a population of about 130,000 and median income of $52,000. Cedar Rapids made our list of cheap places to live in mainly because it has the lowest house prices – the median home value is about $50,000 lower than the national average. Affordable single-family homes make this city attractive to young professionals so it’s no wonder than the proportion of the population with at least a bachelor’s degree is higher than the state average. Another thing Cedar Rapids has to offer its citizens is a wide variety of museums, libraries and parks open for anyone to enjoy.
Next on our list of cheap places to live in the United States is Nebraska capital Lincoln. By population, it is considerably larger than the previous three cities on our list and it has a booming job market too. Lincoln also has the lowest unemployment rate from all the cities on this list while the cost of living is only slightly higher compared to Round Rock, at 10.3% below U.S. average. That’s probably why Forbes ranked it in the top 10 on their list of best places for business and careers in 2014. Median household income and median home values are similar to those of Cedar Rapids. The largest employer is the government.
Warren Buffet Found a Cheap Place to Live
Another one in Nebraska, Omaha is a great place to call home. It has earned bragging rights as one of the best cheap places to live in the U.S. because of its very low level of unemployment and cost of living. With a city population of over 400,000 it is one of the largest cities on this list. It is the headquarters for three Fortune 500 companies and the home of billionaire Warren Buffet. If you also happen to be a baseball fan, then Omaha could definitely be the perfect place for you, since it is the host of the College World Series.
It’s worth mentioning that Omaha also appeared on Forbes’ best places for business and careers list, in the top 30, along with the next city on our list – Durham, North Carolina. Durham has a population of about 250.000 and a median household income of $48,000. It could definitely be the perfect city for you if you are looking for a job in the biotech industry or in education. The largest employers in Durham are Duke University, IBM, Durham Public Schools and GlaxoSmithCline. The median cost of housing in probably the highest on this list, but on the other hand the cost of utilities and transportation in Durham is significantly lower than the national average.
Now that you have a few ideas about cheap places to live where you could improve your standard of living it should be a lot easier to choose a place to settle down in. In order to make the best decision, you should investigate these cities further and maybe start applying for some jobs. Don’t be afraid to take a chance – moving to a new city is an exciting adventure, a chance to meet whole new people and places and make new memories.