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

Cities with the Fastest Job Growth

Via an article published August 16, 2016 in Bloomberg.com, an economist, Jed Kolko, “who specializes in U.S. cities and the future of work, points out that mid-sized cities, such as Tucson, Arizona and Seattle, Washington, continue to see fast job growth, but the San Francisco Bay area has fallen out of the top 10.” Tucson ranks number 3 overall on the list, beating out Austin, TX and Seattle, WA.

You can see the Bloomberg article of The Cities With the Fastest Job Growth, and let me know if I can assist you in finding a home in Tucson, so you can get in on this amazing opportunity. I specialize in the downtown area but I can certainly help you find a home anywhere in town, central, northwest, east, and south sides.”Better job security is fueling real estate demand in the south, and a corresponding pick-up in home-builder sentiment. This new construction boom in Tucson has already begun, especially with the revitalization and expansion of Tucson’s booming downtown.”

To give you an idea of the expected job growth in Tucson I was recently at a Downtown Growth and Development seminar (October 2016) and theses were the reported statistics relating to jobs coming to Tucson and below this chart of innovative companies who are or will be headquartered in Tucson.

Awesome Tucson Companies

Accelerate 120 jobs

Taken from Accelerate’s website: “Accelerate Diagnostics is headquartered in Tucson, Arizona. Set at the base of the majestic Catalina mountain range, Tucson is called “science city” and was recently named one of America’s most innovative cities by Forbes Magazine. The community is quickly becoming a biotech and diagnostics hub, with companies such as Roche, Sanofi Aventis, Syncardia, and HTG Molecular, among others, driving biotech job growth of over 33%.”

Home Goods 900 jobs

ADP 450 jobs

Caterpillar 1,000 jobs

Caterpillar moving it’s headquarters to Tucson will not only provide many new job opportunities, but will also ensure lots of new construction for an overall economic boom! Get ready. Their new office will be located right downtown.

Comcast 1,100 job

World View 400 jobs

You’ve got to check out this innovative company. Here’s just one sentence from their website. “World View is leading the way in the emerging stratospheric economy, offering an innovative and affordable high-altitude flight platform that is transforming access to space.”

I hope you enjoyed discovering a bit more about Tucson. It’s no surprise that Tucson is ranked as one of the Cities with the Fastest Job Growth because many many exciting plans are underway and what I shared with here, is only the tip of the iceberg.

Tucson ranked #1 Best City for Young Creatives by CreativeLive.com.

Could the Southwest be the new Silicon Valley?

Organizations like Startup Tucson and the McGuire Center for Entrepreneurship seem to think so.

With collaborative co-working spaces like Connect Co-Working, The RailYard, Spoke6, GangPlankHQ, and Co+Hoots plus entrepreneurial, art and tech meet-ups springing up across the sunny city, Tucson is wooing young entrepreneurs like crazy, and was even named one of the top tech hubs of last year.

Top it off with really cheap rent, one of the lowest housing markets in the country and a happening downtown, Arizona starts to looking like a delicious place for young creatives with an idea and a dream.

The affordable housing market really does set Tucson apart from big cities.

Young creatives thriving in these cities are obviously pulling in a chunky paycheck, but when you factor in how much of that money is going towards housing, the big city appeal starts to dwindle. Not to mention many of these rentals are tiny, and crowded and lack privacy.

Home ownership still is a great way to build wealth and invest in the future. The peace of mind that comes with having this kind of stability and not having to move every year or every few years is also incredible.

Another thing to consider when you’re looking for a place to live and deciding where to buy a house, is would the property and location also make a good rental? Because you never know, with your more settled and thriving life, maybe you’ll be in a place to buy another home and rent out the first, or possibly you’d want to travel and rent out your house to a long term tenant or even AirBnB. There are many options and benefits of home ownership.

With the way things are booming in Tucson, self-starters, smarty-pants and other hard workers could even pull in those fat, big city paychecks. Mix that with a low cost of living and you’re on track to build actual wealth.

Another cool thing about Tucson is we have one the best music scene’s in the country and a huge population of young people… around 30% which is the same as Austin, Seattle, San Francisco, Portland and other young people melting pots.

I’d love to talk to you more about this!