What State Has The Lowest Cost Of Living – Have you ever thought about packing your bags and moving to a brand new city? Whether your motivation is job opportunities, educational opportunities, or pure wanderlust, starting over in a new place is a great way to start a new chapter in your life.
Before you hit the road, though, there are a few things you should know about your destination. Will it fit your lifestyle? What is its culture like? And, perhaps most importantly, can you afford to live there?
What State Has The Lowest Cost Of Living
To help you find the perfect place for your next job, we researched the cost of living in America’s top 75 cities, then ranked them by affordability.
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Read on to find out which cities you can afford to live in and which are the best cities to visit the next time you’re stuck in travel trouble.
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Of course, there are many factors that can affect your cost of living. If you take public transportation every day and cook all your meals at home, your cost of living will likely be much lower than your neighbor who drives an SUV and orders pizza. Our numbers do not take into account different lifestyles, so please consider them guidelines, not predictions.
El Paso has the lowest cost of living of any city we studied, but that doesn’t mean it doesn’t have a lot to offer. If you’re an outdoorsman who enjoys hiking, rafting and fishing, you’ll love the city’s location near state parks and the Rio Grande. Home to the University of Texas at El Paso, it’s also one of the most affordable college towns.
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With the lowest monthly rent on our list and a large university (University of Nebraska), Lincoln is a great place for students to get an education without taking on a lot of debt. Lincoln also has more parkland per capita than most other cities in the United States,
Toledo’s combination of an excellent school system, thriving suburbs, and low cost of living make it an ideal city for families to put down roots. The city is also a center of cultural diversity and hosts many festivals where you can learn about other cultures while enjoying its traditional cuisine and customs.
Wichita is the first city on our list with an average monthly rent of more than $700, but with an overall cost of living under $1,500 per month, it remains affordable for young professionals, families and retirees. The only downside is that since Wichita is in Kansas, you may get occasional tornado warnings.
The birthplace of legendary boxer Muhammad Ali and home to all kinds of healthy sports competition, Louisville was made for sports fans. There are also several whiskey distilleries dotted around the streets of Louisville, so whiskey connoisseurs will also enjoy this southeastern city.
Cost Of Living Data Series
If you’re a live music lover looking for a new scene, or an aspiring musician looking to catch your first big break, consider moving to Tulsa. The city has an impressive selection of venues where residents can enjoy live bands. As the sixth cheapest city on our list, Tulsa is a great choice for musicians who aren’t ready to quit their day jobs.
The city that Elvis Presley called home, Memphis is a small town with unbreakable rock ‘n’ roll roots. The city’s thriving music scene makes it another great choice for young musicians. Memphis also has strong ties to the civil rights movement – you’ll find the National Civil Rights Museum near downtown.
The residents take their college basketball team, the Wildcats, very seriously. All of this, along with Lexington’s low cost of living, makes the city the perfect home for students, professors, and college athletes.
Bugs Bunny spends so much time in Albuquerque taking wrong turns that he never stops to enjoy all that the city has to offer. From hiking and biking for the outdoorsy to galleries and theaters for the artistic, there’s something for everyone in Albuquerque. Best of all, the cost of living in the city is just under $1,500 a month, making it one of the cheapest places to live in the United States.
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Nestled between Phoenix and the Tonto National Forest, Mesa is a suburb on the edge of all the fun and interesting things in Arizona. Mesa’s electric bills can be a bit high due to the constant need for air conditioning, but low rents and proximity to Phoenix’s healthy job market more than make up for the extra cost.
What can we say about San Francisco that hasn’t been said? From the Golden Gate Bridge to the Coit Tower, the city is full of unique personalities that have inspired countless songs, books and poems. San Francisco is worth visiting often, but with the highest cost of living in the country (mainly due to high rents), settling down isn’t easy unless you’re very rich.
You know all those cartoon shows with hapless actors living in high-rise apartments in the Big Apple? Well, don’t believe everything you see on TV. With average rents comparable to San Francisco, New York is a tough place to live without a lot of income. It’s no surprise that it’s one of the least livable cities for minimum wage earners.
San Jose is known as the “Capital of Silicon Valley” and is world-renowned for its innovation and technology. But the city has more people than San Francisco and one of the highest rents in the country. Unless you’re looking to make hundreds of thousands of dollars a year for a tech giant, San Jose probably isn’t for you.
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Oakland, just across the bay from San Francisco, has a lot of beauty, culture and diversity that makes San Francisco unique. Unfortunately, the cost of living in Oakland is only a thousand dollars behind. While this disparity may make the Bay Area seem like a viable option for some, it is still beyond common sense for many.
Located between the nation’s history and future, Boston is a city with roots in the American Revolution and an eye for technological advancement. The city is also home to Fenway Park, a great place for baseball fans. The only downside is the city’s notoriously high cost of living – a challenge for those on low incomes.
We focus our research on the 75 most populous cities in the United States. To calculate the cost of living in each city, we added the average rent for a one-bedroom apartment in the city to the average cost of utilities, internet, food and fuel, according to Numbeo.com.
If our list has you itching to move, check out our guide to cheap off-road routes and our favorite interstate moving companies.
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Joe Roberts is a professional writer with a degree in writing studies and over four years of copywriting experience. He previously worked for Overstock.com, writing about furniture, home decor and logistics. Joe has traveled extensively throughout Utah, so he knows how to get around a truck—and he’s spending the time (and money) expanding his personal library so it’s heavier the next time he’s there. The pandemic economy has many unusual and uncertain features that are difficult to identify. A big unanswered question is what long-term effect this economic period will have on wages and prices.
On the one hand, wages are rising faster than they have been since the Great Depression. Many employers are raising wages – especially in low-wage jobs – to attract more workers at a time when unemployment is high; however, companies are struggling to fill vacancies. Meanwhile, rising prices and inflation are a cause for concern, but economists disagree on whether the economy is in a period of hyperinflation. One school of thought argues that the price increases are temporary and can be attributed to temporary conditions such as supply chain disruptions, while the other argues that the federal government’s aggressive stimulus measures during the pandemic pumped too much money into the economy.
While current economic conditions clearly show the tension between wages and the real value of the dollar, this phenomenon is nothing new. That tension is at the heart of the debate about whether to raise the minimum wage.
The federal minimum wage was first established in 1938 as part of the Fair Labor Standards Act, which originally set the minimum wage at $0.25 an hour. The federal minimum wage is not automatically linked to inflation or other economic indicators, meaning that a congressional resolution is required to raise the minimum wage. Historically, Congress has approved increases every few years to reflect inflation and changes in the dollar’s purchasing power. But the last time the minimum wage was raised was in 2009, to $7.25 an hour, and between then and now is the longest period without growth on record. Even before recent concerns about inflation, normal changes in the cost of living were already making it increasingly difficult for people on the minimum wage
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