Before choosing the American city that will become your new home, it is important to be well informed.
If you are looking for a place where to start a new business, there are some things that you should take into account – besides just the cost of life. For example, you should take into account the local law, the economic environment, how easy it will be to find employees, among other things.
Below, we present a list of the 5 most affordable cities to live in the United States:
It is the cheapest city to live in of the United States. It has a population greater than 200 thousand inhabitants. Even purchasing a home is not so expensive. The average value of a home is of 98,000 USD. Renting an apartment costs, on average, 709 USD per month.
Conversely, Memphis has some disadvantages. There is a high unemployment rate (of approximately 10%), which is double the national average.
The average income per household in Columbus is of almost 44,000 USD per year. Even though it is below the national average, it also has a very low rate of unemployment. This city hosts the campus of Ohio State University – which is a very good choice where to choose a study program.
Omaha, with over 420,000 inhabitants, is Nebraska’s biggest city. Located in the Great Plains of the United States, this city offers great benefits such as:
- An unemployment rate under the national average.
- Low cost of basic goods.
- High wages compared to the cost of life.
This is the capital of the State of Tennessee and the seat of Davidson County. It is one of the most affordable cities in the United States. With over 600 thousand inhabitants, it is regarded as the City of Music, with attractions such as the Country Music Hall of Fame.
Nowadays, this is one of the cheapest cities in the United States to rent an apartment. The average rent is of 600 USD per month. It is a small town, since it is sheer of 400 thousand inhabitants – however, its metropolitan area has almost one million inhabitants. Besides, it has a low unemployment rate compared to the national average. For these reasons, among others, it is considered one of the best cities to live in.
However, this city suffers from strong storms during spring. It is also within the Tornado Alley.
San Antonio, Texas
It is known as the biggest cheapest city in the entire United States. It has a population of one and a half million inhabitants. The average income per family is of 44,937 USD per year. The average cost of housing is of 113,100 USD and the unemployment rate is very similar to the national average.
Two out of three residents of San Antonio are of Hispanic origin, most of whom are doing well financially. Thus, if you are a Spanish speaker, San Antonio is a choice you can take into account.