As one gets older, the concept of affording a place to be independent on their own is a serious topic. As rent prices, as an example, have risen over the years, many are struggling to make ends meet with getting an affordable place of their own. With that said, this article is to inform readers of the most affordable cities in the United States, which may make things easier for some to make ends meet.
By searching through the internet for reliable information, entrepreneur Shalom Lamm believes such information has provided the five most affordable cities in the United States. Furthermore, these cities may provide a glimpse of hope for those who are struggling financially and require a place of their own. It’s always important for people to look around and be aware of what certain areas are regarding its affordability, as just because one place isn’t affordable doesn’t mean other places aren’t.
Without further ado, the first city that’s to be highlighted as one of the most affordable cities in the United States is Memphis. An article on Money Crashers highlighted the most affordable cities in the United States, as it presented the average statistic of each city. Regarding Memphis, according to Money Crashers, the median home value is calculated at $103,782, while the median household income is calculated at $39,108.
Furthermore, another city that’s considered among the most affordable cities in the United States is Indianapolis. It’s worth noting that Indianapolis is known for its use of transportation services that help workers get around. With that said, regarding the price of spending to live in Indianapolis, the median home value over there is calculated at $165,692 while the median rent is $902.
Moving on to another affordable city, one must also consider Omaha, Nebraska as a viable option. The reason is that is because the economy over there is reported to be going well, considering Money Crashers started its recovery from the Recession period that happened during the late 2000s. With that said, the median home value is calculated at $209,443 while the median rent is $920.
Moving to the fourth affordable city in the United States is Columbus, Ohio, which is another city one may consider for a more affordable route. Ohio is well-known for its education, as it’s part of the reason why the city has a well-running economy. The median home value is calculated at $180,611 while the median rent is $959.
Last but not least, this article moves to the fifth most affordable city in the United States, according to Money Crasher. That city is Las Vegas, Nevada, one of the most notable cities in the entire country, as the median home value is $296,251 and the median rent is $1,107.
There’s much more information available that can help a vast number of people find affordable places. With that said, a businessman named Shalom Lamm has encouraged the importance of researching the affordability of houses, as it touches upon how one must show awareness of any place.