America is renowned for its culture, cuisine, and music scene on a global scale, which is why an increasing number of people are choosing to move here, and with good reason. Several grounds for America’s continued growth include its superior education system, robust employment market, and stable economy. Many, however, become reluctant once they learn about the high cost of living. Fortunately, we discovered the top states that are affordable to many.
In this blog post, we will look into the 5 Cheapest States to Live In America if you wish to find an affordable home in The Land of The Free!
Cheapest States to Live In America
You may know the state of Alabama for its peanuts of gulf coast beaches, but this state is also one of the most preferred places by many. It is a pleasant state with close-knit rural villages, and its taxes are also lower than those in most other places. However, the reason why it is included in this list is because of the affordable cost of living.
Alabama has some of the most reasonable house prices and the lowest cost of living in the country. According to Zumper, the average renter in this neighborhood pays $772 per month for housing, which is $251 less than the national median monthly rent of $1,023. In terms of housing, the Homes site says that the median home value in Alabama is $173,000.
Besides the affordability, Alabama is also known for its excellent schools, such as Auburn University and the University of Alabama. Other perks of living here are the rich history, stunning scenery, and hospitable people.
Moving on to the next state, let’s explore wonderous Arkansas, filled with breathtaking hot springs, rivers, and lakes. If you are thinking of raising a family, this state also offers top-notch schools perfect for your children. One of the top options is the University of Arkansas. This school is known as a flagship campus located in Fayetteville, Arkansas. Students here gain exposure to a community of like-minded scholars while enhancing their job and graduate school prospects. With that, let us discuss the affordability of this state.
As a result of its affordable housing and third-lowest residential electricity rates, Arkansas boasts the country’s lowest overall cost of living. Furthermore, we learned on the Fortune Builders website that the median home value in this state is $149,120. If you are looking to find a job in this state, Financer reveals that the living wage per hour is $19.35, while the median household income is $47,597. To name a few of the most affordable places to live in the state of Arkansas, we have De Queen, Stuttgart, Walnut Ridge, and Blytheville.
For the third location on our list, let us look into this charming state famous for its culinary history and dishes loved all over the world. You may already know Oklahoma for its Indian tacos, barbecue, burgers, or chicken-fried steak, but there is more to this state beyond the culinary scene. First of all, let’s talk about the residents of this state. According to the research, Oklahoma came in fifth place on Travel+Leisure’s “America’s Friendliest Cities” list.
Furthermore, there’s a mix of the ancient and the new in Oklahoma. The annual Red Earth Native American Cultural Festival provides residents and tourists with opportunities to see Native American dances and other cultural events.
Most importantly, Oklahoma City was third in the country’s metro areas, with more than one million residents for the lowest percentage of significantly cost-burdened residents. According to Matt Frankel, CFP and mortgage expert at The Motley Fool, the low cost of housing in Oklahoma results from several variables, including a vast amount of developable, flat land. If you want to purchase land in this state, it will cost you $157,331, as stated by Zillow.
Kansas has long been regarded as “The Wheat State” since it is one of the nation’s premier agricultural states. Moreover, it is acknowledged as America’s leading producer of wheat. Not only that, but Kansas is the second greatest producer of beef cattle in the United States, next to Texas. Apart from plains and agriculture, this state offers a wealth of events for citizens of all ages. Newcomers will discover a plethora of cultures, family-friendly cities, and superb educational opportunities.
Additional advantages of living here include the abundance of recreational opportunities, convenient transportation, and many world-class tourism attractions. Some of the best places you can visit in this state include the Tallgrass Prairie National Preserve, Boot Hill, Kansas State Capitol, and the Botanica.
However, the top reason many people move to Kansas is the low cost of living. CNBC gave the state a score of 72 out of 75 for the overall cost of living. Additionally, residences in this state have an average monthly energy expense of $152.87, and Best Places also revealed that the median home cost in this state is $145,300.
I bet you already knew the first state on our list. Let me officially welcome you to Mississippi, the land of comfort food, southern hospitality, and mild winters. This state earned the first spot on today’s list because its average cost of living is around 15% less than the national average. Additionally, we learned from the World Population Review that Mississippi’s living wage is only $48,537, making it the cheapest state in the country for personal essentials. Most importantly, Zillow estimates the typical home value in this state to be $146,087.
But although this state is cheap, it still has a lot to offer. Mississippi is a great place to live in because it also provides affordable college education. Another thing you should consider is the cuisine. Mississippi is famous across the nation for its fried okra, fried chicken, collard greens, and biscuits and gravy. Therefore, you will never run out of food to try in this state. However, the best thing about this state is its people. Without a doubt, residents of Mississippi exemplify