There are many people throughout the United States who are struggling with high rent, credit card debt, and student loans, making it difficult to find an affordable place to live in. What is even harder to find it a place to live in with good paying jobs with affordable housing. There are a high number of cities throughout America that have one or the other, but people are looking for a city that has the best of both worlds. Fortunately, this list will cover the top ten cities that not only have decent wages, but also affordable housing costs.
In order to identify the cities within the United States that have a high number of jobs with affordable housing, GOBankingRates gathered information on the 200 largest housing markets according to the United States. Further data was compiled using the Metro Statistical Area unemployment rate according to the December 2022 Bureau of Labor Statistics data.
This overall list has values that are lower than the United States national average in all of the factors. Data on the labor force participation and livability scores were gathered from the American Community Survey.
One of the top cities to live in throughout the United States is Birmingham, Alabama. The typical home value is estimated at $90,289, with an average rent around $1,184. The 2022 unemployment rate was at a low 2.0, with the labor force participation rate at 58.9%. Finally, the median household income is around $51,254. Overall, Birmingham, Alabama earned a livability score of 65 out of 100.
One of the top cities to live in Indiana is Evansville. The typical home value is higher than Birmingham, roughly around $168,401, with a typical rent of $826. The unemployment rate for 2022 was at 2.3%, with a labor force participation of 62.3%. Finally, the median household income was at $57,321, with a livability score of 58.
Springfield, Missouri makes this list thanks to their impressive 1.9% unemployment rate, with a labor force participation rate of 63.8%. The typical home value is relatively high, at $213,892, a typical rent at $1,227. Finally, the median household income is $55,156 and a livability score of 62.
Another top city in Indiana is Fort Wayne, with a typical home value of $202,934 and a typical rent of $1,121. The 2022 unemployment rate of 2.2% and labor force participation rate at 64.9% help create a livability score of 75. The median household income also is an impressive $67,090.
Unsurprisingly, there is another top city in Alabama, with an impressive median household income of $84,059. This higher median household income helps create an average home value of $257,800 and a typical rent of $1,434. The unemployment rate is at 1.8%, with a labor force participation of 62.2% and a livability score of 79.
Another top city in Alabama is Montgomery, with a typical home value being at just $127,789, and the rent slightly lower than the other cities on this list at $1,168. The unemployment rate for 2022 sat at just 2.5%, a labor force participation rate of 59.6%. Finally, the median household income of $60,908, with a livability score of 65.
The first city on this list from Nebraska is Lincoln, with the average home value at $259,208 and a typical rent is $1,199 a month. The unemployment rate was just 2.1%, a labor force participation rate of 71.1%. Finally, the median household income was $83,418 and a livability score of 78.
If you are a fan of cities with sports teams, you will be excited to see Milwaukee appear on this list. While being able to watch Giannis dominate the NBA, you are able to find a home with a typical value at $173,931, and a rental value of $1,160 – virtually unheard of for a city of this size. The unemployment rate was at just 2.4%, and the labor force participation rate was 64.1%. Finally, the median household income was at $52,784 and a livability score of 61.
Sioux Falls has a high typical home value of $302,950, and an average rent of $1,178. The 2022 unemployment rate was 2% and the labor force participation rate was an impressive 74.4%. Finally, the median household income was $85,908 and a livability score of 70.
The final house on this list finds its home in Indianapolis, Indiana. The typical home value was at $216,351 and the average month was at $1,307. The unemployment rate was at 2.2%, labor force participation rate of
Overall, there are a number of cities throughout America that will fit the need of an affordable housing city, along with a lot of job opportunities. This list just covers the top ten cities throughout the United States that offer both.
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