If browsing homes for sale has left you with a serious case of sticker shock, you’re not alone. With sky-high inflation and average home prices higher than ever, it’s tough to determine the best place to live in the
United States. That dream of a seaside cottage — let’s just say that even the most affordable beach towns are looking a little out of reach. That’s why so many people are on the hunt for the cheapest places to live in America. Financial services company Empower decided to crunch the data to determine just that. Unsurprisingly, some of the cheapest places to live are in the South and Midwest, while the coastal cities of New York and San Diego remain at the pricier end of the scale. So, what’s the most affordable city in America? It turns out to be Sioux Falls, South Dakota. The median home listing price in this city is $340,000, and the cost of living is below the national average. That means your dollar will go further in Sioux Falls. If that’s not enough to lure you there, the study also looked at the best places to retire and named Sioux Falls as the third most affordable city for retirees. The city has a strong sense of community, excellent healthcare facilities, over 80 parks, and a 29-mile paved recreational trail. Sioux Falls welcomed more than 6,000 new residents over the past two years, but despite its growing popularity, this small city remains the most affordable place to settle down. Just in case you’re curious, here’s the list of the top 10 most affordable cities in America:
- 1. Sioux Falls, South Dakota
- 2. Springfield, Illinois
- 3. Wichita, Kansas
- 4. Virginia Beach, Virginia
- 5. Des Moines, Iowa
- 6. Oklahoma City, Oklahoma
- 7. Lincoln, Nebraska
- 8. Anchorage, Alaska
- 9. Omaha, Nebraska
- 10.McAllen, Texas
