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Most Affordable States To Live in 2022
When it comes to finding an affordable place to live, there are a few things you need to consider. The cost of living in each state can vary greatly, so you'll need to do your research to find the most affordable option for you. In this article, we'll take a look at some of the most affordable states to live in in the United States. We'll also provide some tips on how you can save money while living in these states.
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
If you want to live in an affordable Southern state, Alabama is a great option. The median home price in Alabama is just over $128,000, and the median monthly rent is $728. The cost of living in Alabama is also 11% lower than the U.S. average, so you'll be able to save money while living here. The unemployment rate in Alabama is 3.1%, so you should have no trouble finding a job.
Indiana:
• Population: 6,691,878
• Home Price: $144,900 median purchase price; $903 median monthly rent
• Median Household Income: $58,430
• Unemployment Rate: 3.5%
Indiana is one of the most affordable states to live in, with a median home purchase price of just $144,900 and a median monthly rent of only $903. The median household income in Indiana is also relatively low at just $58,430. However, the unemployment rate in Indiana is a relatively low 3.5%.
Arkansas:
• Population: 3,017,804
• Home Price: $128,000 median purchase price; $850 median monthly rent
• Median Household Income: $48,972
• Unemployment Rate: 3.4%
• Cost of Living: 16% lower than the U.S. average
Arkansas is another great option for those looking for an affordable place to live. The median home price in Arkansas is $128,000, and the median monthly rent is $850. The cost of living in Arkansas is 16% lower than the U.S. average, so you'll be able to save money while living here. The unemployment rate in Arkansas is 3.4%, so you should have no trouble finding a job.
Iowa:
• Population: 3,155,070
• Home Price: $153,000 median purchase price; $912 median monthly rent
• Median Household Income: $60,940
• Unemployment Rate: 2.8%
Iowa is another affordable state to live in, with a median home purchase price of just $153,000 and a median monthly rent of only $912. The median household income in Iowa is also relatively low at just $60,940. However, the unemployment rate in Iowa is a relatively low 2.8%.
Michigan:
• Population: 9,995,915
• Home Price: $144,900 median purchase price; $950 median monthly rent
• Median Household Income: $56,532
• Unemployment Rate: 4.1%
One of the most affordable states to live in is Michigan. The median home price is less than $145,000 and the median monthly rent is only $950. The unemployment rate is also low at 4.1%. Michigan also has a high median household income of $56,532.
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Out of State Long Distance Moving, LLC, is not a motor carrier and will not transport an individual shipper's household goods, but will coordinate and arrange for the transportation of household goods by an FMCSA authorized motor carrier, whose charges will be determined by its published tariff. All estimated charges and final actual charges will be based upon the carrier's tariff which is available for inspection from the carrier upon reasonable request.
