The 10 Cheapest Places for Millennials to Live

Tony Ray Baker
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The 10 Cheapest Places for Millennials to Live
The Hub - Downtown Hot Spot for Millenials, Cheapest Places for Millennials to Live
The Hub - Downtown Hot Spot for Millenials

10 Cheapest Places for Millennials to Live

Housely.com published an article, The 10 Cheapest Places for Millennials to Live in the U.S. where they considered data about cheap housing, availability of jobs, and social + cultural advantages.

In the past, New York City and Silicon Valley were enticing millennials in groves with fast paced tech jobs and other business opportunities; unfortunately, housing prices were so high (and they still are!) that millennials had trouble finding affordable housing and those with dreams of home ownership had a difficult decision to make and the opportunity cost was high. But now people are saying that Tucson may be the next Silcon Valley.

On the flip side, Florida is known to have an abundant affordable rental housing market, but the retiree demographic and job availability makes it a less desirable long-term destination for millennials.

Young people today are being challenged to think-outside-the-box and find destinations that will offer a more complete package and Tucson definitely does.

Without further ado, The Cheapest Places for Millennials to Live:

10. Austin, TX

9. Dallas, TX

8. Louisville, KY

7. Columbus, OH

6. Dayton, OH

5. Wichita, KS

4. TUCSON, ARIZONA

3. New Bedford, MA

2. Sioux Falls, SD

1. Cape Canaveral, FL

“With a median one bedroom apartment price of $540, it’s no wonder that Money rated Tucson number 4 of their best places for millennials. The article credits the city’s revitalized downtown area and ethnic restaurants as a draw for young renters. Tucson’s job growth is expected to rise 11% over the next five years.”
We’ve done the research and this isn’t an all-encompassing description of why Tucson is one the cheapest places for millennials to live. Did you know we have one the lowest point of entry housing markets in the country? Boasting many programs to help first time home buyers and some the lowest homeowners insurance prices making Tucson a great place for someone just starting out to start their life.
Tucson also has an abundance of art, culture, and a very fun and hip downtown. There’s an abundance of nature– to hike, climb, ski and explore and there are a lot of other amazing places that are a short road trip away like: Las Vegas — 4 hours, Phoenix– 1.5 hours, Rocky Point, Mexico (Where you can rent entire beach front houses for the weekend for a couple hundred dollars)– 4 hours, San Diego, CA– 6 hours, and Showlow, AZ (home of Arizona’s biggest ski & snowboard mountain)– 4 hours.
This is only the tip of the iceberg… If you have questions about art, culture, or housing in Tucson please contact me– I’d be happy to help you however I can.
Download the 10 Cheapest Places for Millennials to Live

Arizona is the Best State for Retirement

Tony Ray Baker
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Arizona is the Best State for Retirement

Tucson has plenty of reasons for you to love it, the amazing Mexican food, the spectacular sunsets, and the low-key winters just to name a few. But did you know that being in Arizona puts us in one of the top 7 tax-friendly states? That’s great news for people looking to relocate and especially good for retirees on a fixed income. Here’s why Arizona is the best state for retirement.

Tucson For the Retired

We’ve assembled a list of tax-free items so you can see, at a glance, the biggest tax reasons Tucson, Arizona is the place to be and the best state for the retired.

Arizona is a Top 7 Tax-Friendly State
Arizona is a Top 7 Tax-Friendly State

Tax-free:

  1. Estate and inheritance 
  2. Groceries
  3. Military retirement income
  4. Prescription drugs
  5. Railroad retirement income
  6. Social-Security benefits

Tax-Breaks:

  1. Up to $2,500 of income from federal government, designated Arizona state government, and Arizona local government retirement plans is exempt.
  2. Senior residents could qualify for a property tax refund of $502.
  3. Seniors of 70 and older can qualify to defer their property taxes if they’ve lived in their home for 6 years and in Arizona for 10.
  4. For AZ state government, and AZ local government up to $2,500 in retirement plans are exempt.

Tax-Basics:

  1. Arizona has a 5.6% state levy
  2. Cities can add up to 5.6% but the states median is 8.4%
  3. Low end income tax is 2.5%, the high is 5.7%
  4. There is a 3.5% surtax on (taxable) income over $250,000 for single filers and $500,00 for joint filers.

Ok so technically all this information applies to the entire state of Arizona as a whole, however… We really believe that once you’ve looked around at what AZ has to offer you will find that Tucson is not only economically feasible but it’s also the warmest and welcoming city you will find on our stretch of the Sonoran Desert. When you’re done with the rest, come back to the best!

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