We all know that finding affordable city housing isn’t an easy task these days. However, there are a few locations where you can still get lucky.
In a world where rising costs are causing segregation in San Francisco and Miami homeowners struggle to save money, there is still hope. According to Trulia, there are still a few housing markets where jobs are plentiful and prices are reasonable.
Raleigh, North Carolina is first on the list. With 18% economic growth, jobs are plentiful as the area is booming. Median rent sits around $1,400 per month which is great compared to other large cities on the east coast. A median-priced home is $261,000 which is above the US median of around $200,000 but nothing compared to New York’s $660,000 or San Francisco’s $1.6 million.
Charlotte, North Carolina comes in next. With 18.6% economic growth, jobs are still available thanks to a relatively small 10% in population growth. Median home prices hover around $220,000; even better than Raleigh.
Last up is Austin, Texas. The booming tech city is undergoing a rapid change in its economy. In fact, the tech salaries in Austin are the highest in the country when adjusted for cost of living. Employment has grown by over 20% over the last 5 years and living is still relatively affordable.
A median-priced home in Austin is a whopping $348,000. That may seem high, but still relatively affordable when compared to America’s other large, booming metropolises.
Ready To Move?
There are plenty of reasons to move. The search for affordable city housing is just one of them. If high rents, mortgage, or taxes are a burden; it may be time to look elsewhere. That’s where City vs City can help.
City vs City shows you how your cost of living would change if you were to move to a different city. More importantly, it shows you how much more (or less) you’ll need in pre-tax income in order to maintain the same standard of living you currently enjoy.
For example, let’s take a look at one of the cities on the list, Austin. Say we want to compare it with another major city in the US. Chicago, for example.
Still pricey, but cheaper is Austin, Texas. And you don’t have to deal with the Chicago winters!
If you’re thinking of moving in search of affordable city housing, City vs City has you covered. Download City vs City today and start comparing!