The Most Affordable Suburbs in the US: Moving to a fantastic suburb doesn’t mean you have to break the bank.
We would like to present you with a list we have compiled of the most affordable suburbs in the US, based on a report released earlier this year by Movoto Real Estate. The study takes into account several affordability indicators, such as cost of living, median household income, cost of food, cost of utilities, and property tax rates. In addition, we’ve also included an affordability indicator, which represents a ratio between the median price for a home and the median household income in that particular suburb.
Even though it boasts some of the highest property taxes in the US, Texas scored 4 spots on our countdown. Nonetheless, you should take into account that the Lone Star State does not collect any state income tax. Oklahoma came in second, with 2 suburbs; both of them ranked in the top three most affordable.
Curious to see which are the most affordable suburbs in the US? Let’s take a look at the countdown.