The news is so full of comments about the economy being bad and people managing to survive that it may be hard to think that there is anything like an economical city to live in. when you live in places like New York and Las Vegas where life is live on the fast lane, all you know about is how expensive life can be. When it comes to getting a house, the real estate guys may be smiling to the bank while the people renting the properties are struggling to pay rents. However, it is really consoling to know that there are still places where the average person can live comfortably without stretching too much.
Some may say that deciding which city is affordable than the other is a subjective thing and may differ based on what is taken into consideration. In this article, when it comes to deciding which cities are more affordable, the cost of housing is taken into consideration as well as the living cost. Based on this, the following cities were chosen as the top most economical cities to live in.
According to a report by Forbes magazine, Birmingham Ala is the most affordable city to live in it the US. With the average family earning a median salary of at least $61,000, and house prices below the national average, residents here find it easier to buy a house than those living elsewhere. Also the general cost of living is low with groceries costing lower than in other cities. Although Birmingham may not have the high life of New York and Las Vegas, it is really the place to be especially in these trying economic times.
This city of a little less than 200 thousand inhabitants that lies at the foot of the great Mountains and along the banks of River Tennessee is considered to be the second most economical city in the US. The median family salary in the city is about $60,000 and most families can afford to buy a house at this salary. The cost of groceries, transportation and utilities are all at least 7% below the national average.
Buffalo, New York
The median family salary is about $63,000 and at least 81% of the families can afford to buy a house. The cost of living is very low with things like utility and transportation about 7% below the national average. Although an indebt study may show that there are imbalances in housing cost especially for those on rents, it still remains an affordable city.
Oklahoma City, Oklahoma
This is another city with an average median family salary of $61,000. The cost of grocery and utility is up to 10% below the national average. The housing cost is fairly affordable for those with the median salary.
In Cincinnati, the median family income is $68,500 and most houses are affordable at the median salary. Living cost is relatively low with things like transportation and utilities being about 4% below the national level.