If you want to increase your paycheck without sacrificing a high quality of life, consider moving. Although relocating is not an easy decision, it can be a wonderful way to make your money go further. You might assume that affordable cities are lackluster, but that’s not always the case.
For example, Stare evaluated US cities and discovered several that fit the bill. Here are the top 10 cities with the lowest cost of living, based on factors such as the housing cost-to-income ratio and the cost of gas and groceries. All are large enough to operate without breaking the bank.
Fort Wayne, Indiana
- population: 268,378
- Average Fare: $777
- Average Home Value: $121,600
- % of people who rent out their home: 37%
- % of people who own their home: 63%
Fort Wayne, located in Northeast Indiana, is the second largest city in the state. According to space wiseIt combines a strong economy with a low cost of living.
In fact, the source says that Fort Wayne’s cost of living is 14% below the national average. Fun things to do include an art museum, science center, zoo, and conservatory.
Wichita Falls, Texas
- population: 104,657
- Average Fare: $828
- Average Home Value: $104,800
- % of people who rent out their home: 43%
- % of people who own their home: 57%
Wichita Falls is a small, medium-sized city. Therefore, it can be great for people who want a small town atmosphere without living in a small town. This North Texas city also has a lot of other things going for it.
According to urban statistics, Wichita Falls is known for its cost of living, livability and education. As a result, young families with children may be especially interested in checking out Wichita Falls.
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