November 14, 2022
Bay Area Storage Solutions on The Most Affordable States to Live In
The soaring costs of living have impacted virtually everyone, and many Bay Area residents are considering relocating to stay afloat. If you are one of these individuals, you are likely researching the most affordable options. Read on for some leads on the places to live that won’t break the bank. Once you find a desirable place to settle, the next step will be to hire long distance moving and storage in the Bay Area.
A Look at 4 of the Cheapest States to Reside in Right Now
Various factors can affect which states are the most affordable at any given time. The Missouri Economic Research and Information Center (MERIC) provides excellent information on this topic. Keep in mind that the relevant data may fluctuate from one quarter to another throughout the year. We have compiled a few of the top picks (in no particular order) from the third quarter of 2022, which is the most recent data available on MERIC’s website. All of the cheapest states on the website’s list are located either in the South or the Midwest. This means that for such a journey, you will need a reputable Bay Area residential furniture moving company to assist.
Mississippi
Since it is currently the least expensive state to live in overall, Mississippi is the perfect place to start. According to USA Today, a home for one family there costs close to $141,000 on average. While the cost of living is low in this southern state, it also has one of the highest poverty rates in the U.S. On the other hand, the mild winters mean lower heating costs, and the average cost of transportation is the lowest in the nation.
Alabama
Another affordable state to move to is Alabama. With a median home price of a little over $170,000, this state also offers relatively low costs for health care and transportation. However, if drinking is a priority, you should note that some counties in the state forbid the sale of alcohol. If you love beach vacations though, you can save money on travel by taking advantage of the 60 miles of Gulf Coast beaches in Alabama.
Iowa
If you’d prefer to reside somewhere in the Midwest, Iowa could be the place for you. Sitting squarely in the middle of MERIC’s most recent list, Iowa’s poverty level rests below the national average. Another major benefit is that Iowa’s housing costs are the sixth lowest in the U.S. (the median cost of a single-family dwelling is just under $166,000). You will want to steer clear if you hate cold winters, but this state is ideal if you want to experience all four seasons.
Indiana
Indiana is also a viable and affordable place to call home. The state has an impressively low unemployment rate of just over two percent. On average, you could expect to pay close to $186,000 for a home for your family in Indiana. Like Iowa, those who live in this state endure some very cold winters. If higher education is a priority, you may be pleased to know that both Notre Dame and Purdue are located in Indiana.
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