We keep hearing about how expensive it is to live these days, and while that’s true in many parts of the country, there are some places in the U.S. that are more affordable to live than others. Well, now the “Wall Street Journal” has named those places.
- The new “Wall Street Journal-Realtor.com Emerging Housing Market Index is out, naming the most affordable places to live in the U.S.
- They determined their findings based on housing-market indicators, economic and lifestyle data, real-estate taxes, unemployment rates, wages, commute time and available small-business loans.
- Topping the list is Johnson City, Tennessee, which has a strong economy, low taxes, and property prices that are undervalued, although they are rising.
- Overall, median home listing prices in the area are abut $48,000 below the national average at $379,000, with home values up 27% last year, almost twice the rate of national price growth.
Top 10 Most Affordable Cities In The U.S.
(click here for the complete list)
- Johnson City, TN
- Visalia-Porterville, CA
- Elkhart-Goshen, IN
- North Port-Sarasota-Bradenton, FL
- Fort Wayne, IN
- Lafayette-West Lafayette, IN
- Columbia, SC
- Columbia, MO
- Raleigh, NC
- Yuma, AZ
- On the other end of the spectrum, the New York City-Newark-Jersey City metro area lands at the very bottom of the list at 300.
Source: Wall Street Journal