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r/RealEstate
r/RealEstate
4
Posted by2 months ago

Cheaper places to live here in the US?

Obviously as you know America’s cost of living sucks right now…what are some area with decent pricing? If it helps I’m not much of a sun person…

41 comments
60% Upvoted
level 1

Gary, Indiana is very cheap but not very safe.

7
level 2

Watch out for traveling salesman in Gary Indiana.

3
level 1

Cheaper locations are dictated by lower economic opportunity and low tourism.

The more remote you are willing to live, the larger your fiefdom shall be. But earn your wealth before you go there.

4
level 1

90% of the country is affordable, you just don't want to live there

5
level 1

Anywhere in the Midwest or south is a good bet. Don’t go west or New England area.

10
level 2
Op · 2 mo. ago

Why the Midwest?

-1
level 1

Syracuse, NY. I was just looking at a lovely home (that did need a ton of work) for $10K. Put $100K or $200K into it and you've got a damn fine house.

3
level 2

Wow it’s so curious to me why there are so many houses in Syracuse that have fallen into such disrepair. There are so many of them I could believe how long it took me to scroll to $50k!

4
level 2
Op · 2 mo. ago

Can’t afford a house :P

1
level 1

Cleveland OH has the best ratio of median income to home prices at $26k and $69k. It is all USDA eligible, so you can get a loan with zero down.

But you get what you pay for. You get twice the national average snowfall. Schools and other government services overall are poor in areas with cheap homes. The economy is not great, not that bad either though, unemployment is about 6.8%. Crime overall is 3-4x the average, but that is in the range of normal for larger cities.

2
level 1

I like the Cincinnati area and Tulsa.

1
level 1

Detroit, MI or East St Louis, IL or most of West Virginia

1
level 2

Flint, MI or Jackson, MS are cheap right now.

0
level 1

What is your definition of "cheap"?

1
level 1

I would look into what your job is and then cross reference with what you can afford and where there are jobs. Oklahoma is very affordable.

1
level 1

There are a lot of places in Alabama, Mississippi, Arkansas that are incredibly cheap. Rural Texas too

1
level 1

Raleigh, NC is expensive by southern standards but still cheap compared to the West and New England. There's a good array of music, art, food, culture, and outdoor rec.

Huntsville, AL is very affordable and one of the more tolerable southern cities (I grew up in the south). My brother loves there and enjoys some mountain biking and hiking in the area. It's a great place for engineering or software careers.

Chattanooga, TN is one of the best cities in the south (I went to college there) but unfortunately the Californians have discovered it. Cost of living is getting somewhat high compared to the wages there. Still not too bad yet.

Asheville, NC is another favorite of mine, but there's a cost of living issue there as well. Still reasonable by national standards though.

Those are some of the only "affordable" places I would ever consider.

1
level 1

Des Moines Iowa rated one of the best places to raise a family.

0
level 2
Op · 2 mo. ago

Luckily for me I don’t want kids 🙃

2
level 1

Midwest

0
level 1

Hands down, Puerto Rico, by a long shot. The median income is a hair over $20K/year. The feds have a special poverty line just for the island.

0