Nebraska is an excellent choice for affordable living, especially in housing. The state's lower-than-average property costs make it attractive for homebuyers. Additionally, Nebraska's strong economy, driven by agriculture and manufacturing, ensures steady job growth and good wages. The unemployment rate remains low, making it a reliable option for families and young professionals alike.
- Average House Price: $282,000
- Average Household Income: $74,590
- Average Rent Price: $1,087
Iowa consistently ranks as one of the most affordable states. With low housing costs and a strong job market in sectors like healthcare and manufacturing, residents enjoy a comfortable standard of living. The state also has one of the lowest commute times, reducing transportation expenses.
- Average House Price: $229,000
- Average Household Income: $70,571
- Average Rent Price: $974
Kansas offers some of the lowest median home prices in the nation, combined with competitive wages, especially in aviation and agriculture. The state’s central location supports diverse job opportunities, and low state taxes contribute to a higher take-home pay for workers.
- Average House Price: $259,000
- Average Household Income: $69,747
- Average Rent Price: $986
Texas is known for its economic opportunities and no individual income tax, making it one of the most financially advantageous places to live. Although the cost of living has risen in cities like Austin, many areas, especially rural regions, still offer affordable living. Job growth remains strong, particularly in technology and manufacturing.
- Average House Price: $348,000
- Average Household Income: $ 73,035
- Average Rent Price: $1,251
Tennessee’s lack of individual income tax, coupled with low property taxes, makes it a great choice for those seeking financial stability. The state’s economy is booming, particularly in healthcare and entertainment. Housing remains affordable outside of metropolitan areas like Nashville, and the overall cost of living is well below the national average.
- Average House Price: $368,000
- Average Household Income: $ 64,035
- Average Rent Price: $1,047
Indiana is known for its low cost of living and affordable housing market. Wages in manufacturing and logistics are above average, and the state’s central location makes it a key hub for these industries.
- Average House Price: $250,000
- Average Household Income: $67,173
- Average Rent Price: $967
Missouri continues to rank as one of the more affordable states, thanks to low housing costs. The state has a strong job market in manufacturing, real estate, and healthcare, which supports higher wage growth. Missouri’s central location also provides easy access to major markets and job opportunities.
- Average House Price: $258,000
- Average Household Income: $65,920
- Average Rent Price: $957
Georgia’s appeal lies in its diverse economy and relatively low tax burden. Outside of Atlanta, the cost of living remains reasonable, with affordable housing options in smaller cities and rural areas. The state’s job market is thriving, particularly in aerospace and automotive, offering high wages in these fields.
- Average House Price: $366,000
- Average Household Income: $71,355
- Average Rent Price: $1,221
Ohio offers a balanced cost of living with strong wages in sectors like manufacturing and finance. Housing remains affordable even in larger cities like Columbus and Cleveland, making it a popular choice for families and young professionals. Ohio also benefits from low transportation.
- Average House Price: $235,000
- Average Household Income: $66,990
- Average Rent Price: $945
Wisconsin combines a relatively low cost of living with high wages in industries such as manufacturing, pharmaceuticals, and healthcare. The state’s strong job market and affordable real estate make it an appealing choice for those seeking financial stability.
- Average House Price: $298,000
- Average Household Income: $72,458
- Average Rent Price: $992
Michigan’s affordable housing market, especially outside of Detroit, is a key factor in its inclusion on this list. The state offers high wages in technology industries, supported by a skilled labor force. Despite the challenges faced by some urban areas, many parts of Michigan offer a high quality of life at a lower cost.
- Average House Price: $253,000
- Average Household Income: $68,505
- Average Rent Price: $1,037
North Carolina’s job market is expanding rapidly, particularly in biotechnology, energy, finance, and information technology. Although cities like Raleigh and Charlotte are seeing rising living costs, the state overall remains affordable. Lower tax rates and reasonable housing prices in smaller towns make it a financially attractive place to live.
- Average House Price: $363,000
- Average Household Income: $66,186
- Average Rent Price: $1,093
Alabama is one of the most affordable states in the U.S., with low housing costs and minimal state taxes. The real estate and manufacturing industries provide high wages, and the cost of essentials like food and transportation remains below the national average. Alabama’s rural areas offer even greater affordability.
- Average House Price: $275,000
- Average Household Income: $59,609
- Average Rent Price: $925
Oklahoma is consistently recognized for its low cost of living, driven by affordable housing and low state taxes. High wages in the energy sector, particularly oil and gas, boost income levels. The state also benefits from low transportation and utility costs, making it an economical choice.
- Average House Price: $235,000
- Average Household Income: $61,364
- Average Rent Price: $ 934
Kentucky rounds out the list with its affordable real estate and low cost of living. The state’s job market is growing, particularly in manufacturing and healthcare. Lower tax rates and high wage growth in certain industries make Kentucky a solid option for those looking to maximize their income.
- Average House Price: $250,000
- Average Household Income: $60,183
- Average Rent Price: $902
