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
“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.