Wednesday, December 7, 2022

These Are the 8 Most Affordable States to Live in the US!

Affordable States to Live in: Are you planning to relocate in 2022? These 8 affordable states in the United States have low unemployment rates, low living and housing prices, and much more. Check out this list of the least expensive states to live in in 2022!

Alabama

  • Population: 4,903,185
  • Home Price: $128,500 median purchase price; $728 median monthly rent
  • Median Household Income: $50,536
  • Unemployment Rate: 3.1%
  • Cost of Living: 11% lower than the U.S. average

Alabama is a great place to reside if you want to live in a low-cost Southern state. Northern Alabama residents will enjoy stunning vistas of the Talladega National Forest and the Red Mountains, while southern Alabama residents will have access to great beaches and the Gulf of Mexico.

Affordable States to Live in Us

Alabama not only has a low sales tax and income tax, but it also has opportunities in fields such as architecture, engineering, healthcare, manufacturing, and more!

If you're looking for things to do in Alabama, the Heart of Dixie is rich in history, so make a point of visiting historical landmarks in Montgomery or Birmingham, such as the Rosa Parks Museum or the Birmingham Civil Rights National Monument.

Arkansas

  • Population: 3,017,804
  • Home Price: $114,700 median purchase price, $689 median rent price
  • Median Household Income: $47,597
  • Unemployment Rate: 3.7%
  • Cost of Living: 15% lower than the U.S. average

Do you ever wonder why so many people chose to reside in Arkansas? This southern state boasts the most affordable house prices, with prices that are 55% lower than the national average!

But that's not all: anyone wishing to live in an affordable state in 2022 can use the Life Works Initiative to discover a place to live. The program provides a $10,000 incentive to relocate to northwest Arkansas, which includes Fayetteville, one of the best locations to live in the South!

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Residents can find employment with some of Arkansas' top employers, including Tyson Foods, J.B. Hunt Transport Services, and Action Mechanical Contractor. Relax after work and see why Arkansas is known as “the Natural State.”

Georgia

  • Population: 10,617,423
  • Home Price: $152,400 median purchase price, $897 median rent price
  • Median Household Income: $58,700
  • Unemployment Rate: 3.1%
  • Cost of Living: 7% lower than the U.S. average

Despite being one of the most populous states, Georgia has a lower cost of living than the national average, making it one of the best locations to live in 2022! Georgia residents will find reasonable housing prices that are 16% lower than the national average, as well as low taxes, making Georgia a very affordable place to call home.

Applicants in the Empire State of the South can get employment with prominent Georgia firms such as The Coca-Cola Company, United Parcel Service, and Delta Airlines, all of which are based in Atlanta!

Affordable States to Live in Us

Explore Georgia's great outdoors at Chehaw Park, ride roller coasters at Wild Adventures, or learn about one of the world's most popular fountain drinks at the World of Coca-Cola. Visitors to the Martin Luther King, Jr. National Historical Park can spend the day seeing historic sites such as the Martin Luther King, Jr. Birth Home and Ebenezer Baptist Church.

Indiana

  • Population: 6,732,219
  • Home Price: $126,500 median purchase price, $758 median monthly rent price
  • Median Household Income: $56,303
  • Unemployment Rate: 3.3%
  • Cost of Living: 12% lower than the U.S. average

What makes Indiana a desirable area to live in in 2022? Indiana's housing costs roughly 28% less than the national average and has a lower overall cost of living, making it one of the finest states to buy a home in the new year!

With numerous prominent corporations located around the state, the majority of the largest ones, like pharmaceutical producer Eli Lilly Giant, health insurance company Anthem, and financial services company Guidant, are in Indianapolis.

Relax and enjoy Indiana attractions such as Marengo Cave, Hoosier National Forest, Indiana Dunes National Park, and the famed Fort Wayne Museum of Art!

Iowa

  • Population: 3,155,070
  • Home Price: $132,800 median purchase price; $715 median monthly rent
  • Median Household Income: $60,523
  • Unemployment Rate: 3.9%
  • Cost of Living: 10% lower than the U.S. average

Don't dismiss Iowa as a flyover state! Iowa has some of the lowest housing costs in the country, and the state's job market is expanding owing to prominent Iowa firms such as Hy-Vee, Rockwell Collins, and Principal Financial Group.

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And, with social security benefits free and other retirement income deductible, Iowa is an excellent destination to migrate for retirees. In addition, notable attractions in Iowa include the Iowa State Fair in the summer, Adventureland Resort, and The Covered Bridges of Madison County!

Kansas

  • Population: 2,913,314
  • Home Price: $135,300 median purchase price, $775 median monthly rent
  • Median Household Income: $59,597
  • Unemployment Rate: 3.9%
  • Cost of Living: 12% lower than the U.S. average

Have you considered relocating to the Midwest? Check out Kansas, which is one of the greatest places to buy a house! And with good reason: in addition to its low real estate and living prices, Kansas is noted for having some of the lowest food costs in the country as a leading agricultural producer.

Affordable States to Live in Us

Residents of the Heart of America will find lots of career opportunities in Kansas with large employers such as AMC Theatres, investment firm Synergy Group, and shipping company YRC Freight, all of which are headquartered in the Kansas City metro area.

In addition, the Dwight D. Eisenhower Presidential Library & Museum, Kansas Speedway, Worlds of Fun, and The Nelson-Atkins Museum of Art are notable entertainment and historical sites in Kansas.

Kentucky

  • Population: 4,467,673
  • Home Price: $126,100 median purchase price, $690 median monthly rent
  • Median Household Income: $50,589
  • Unemployment Rate: 4.2%
  • Cost of Living: 10% lower than the U.S. average

Do you want to live in the southern United States? Think about relocating to Kentucky. The Bluegrass State's low property tax (approximately half the national average) and reasonable cost of living help keep Kentucky affordable—especially in Louisville and Lexington, which offer outstanding housing costs!

While manufacturing is the state's principal business, citizens can also find work with large employers such as Kindred Healthcare, and food company Yum! Brands, and healthcare provider Humana.

While in Kentucky, make time to see Mammoth Cave or Cumberland Falls, sample different types of bourbon on the Urban Bourbon Trail, and learn about Kentucky's history at the Muhammad Ali Center.

Michigan

  • Population: 9,986,857
  • Home Price: $127,800 median purchase price, $799 median monthly rent
  • Median Household Income: $57,144
  • Unemployment Rate: 6.1%
  • Cost of living: 10% lower than the U.S. average

With roughly 10 million citizens, Michigan's cost of living is significantly lower than the national average. Living in Washington, DC, Brooklyn, and Seattle is around 40% more expensive than living in Detroit, Michigan's largest city!

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The Great Lakes state is known as the automotive hub of the United States, and it is the headquarters of Ford Motor Company, the state's largest employer.

Affordable States to Live in Us

Residents can also find employment in Michigan with companies such as Whirlpool, Stryker Corp, and The Dow Chemical Company. Discover Michigan's fantastic recreation areas, such as the Great Lakes, Tahquamenon Falls State Park, Silver Lake Sand Dunes, and Belle Isle Park!

Frequently Asked Questions

What is the Most Affordable State in the United States to Live in?

There are several states in the United States where you may live on a budget! States such as Indiana, Kansas, and Missouri have low housing costs and high median household incomes.

Where Are the Best States to Live in 2022?

Alabama, Iowa, and Michigan are among the best places to live. These states all have lower-than-average living costs, affordable real estate, and low unemployment rates!

Ethan Cosh
Ethan Coshhttps://www.michigansportszone.com
With One year of publishing experience as a fiction editor for MichiganSportsZone, I am focused on science fiction, fantasy, and the net worth of celebrities. Additionally, I love to play a little music, and I view the writer/editor teamwork as much as I do when performing music with friends.

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