Where is the cheapest place to live in the Midwest? (2024)

Where is the cheapest place to live in the Midwest?

If you're seeking a lower-cost lifestyle, moving to a Midwestern city may be the way to go. However, though the Midwest is the most affordable region of the country, expenses can still vary considerably by state. For example, groceries in Missouri average just $2,697 annually, but in North Dakota, you'll pay $3,138.

Is it cheaper to live in the Midwest?

If you're seeking a lower-cost lifestyle, moving to a Midwestern city may be the way to go. However, though the Midwest is the most affordable region of the country, expenses can still vary considerably by state. For example, groceries in Missouri average just $2,697 annually, but in North Dakota, you'll pay $3,138.

What US town has the lowest cost of living?

In its report, Niche also ranked the cheapest places to live in the U.S. At the top of the list this year is Brownsville, Texas. Brownsville has been steadily rising in Niche's Lowest Cost of Living ranking over the past few years, placing number six in 2021, number three in 2022 and finally, number one in 2023.

What states offer the lowest cost of living?

The cheapest states to live in are Mississippi, Oklahoma, Kansas, Alabama, Georgia, Missouri, Iowa, Indiana, West Virginia, and Tennessee. Mississippi is the cheapest state to live in in the US, with a cost of living index of 85. The second cheapest state to live in is Oklahoma, with a cost of living index of 85.8.

Where is the cheapest place to live in USA?

Where is the best place to retire in the Midwest?

Des Moines, Lincoln, Topeka, Sioux Falls, Grand Rapids, Eau Claire, Springfield, Dubuque, Lawrence, and Mariemont are among the top Midwest cities that offer affordable living, vibrant communities, and plenty of amenities for retirees.

Why are homes in Midwest so cheap?

New construction has contributed to the affordability of Midwest homes. The number of new residential houses sold and for sale in the region increased by 24.2% over the last 12 months in August, US Census Bureau data shows. The national average for new construction for sale and sold increased 5.8% over the same period.

Why is the Midwest so cheap to live in?

Trade and commerce historically (before railroads and interstate highways) were SIGNIFICANTLY easier and more cost effective along coasts and rivers. Settlement patterns reflect this. Also, the Midwest/Great Plains were settled as large farms/ranches which mandates a lower population density than cities.

What is the best state to live in the U.S. cost of living?

Mississippi is the state with the lowest cost of living in the US, with a cost of living index of 85. This means that the cost of living in Mississippi is 15% lower than the national average.

What state has the highest and lowest cost of living?

In general, the most expensive areas to live were Hawaii, Alaska, the Northeast, and the West Coast. The least expensive areas were the Midwest and Southern states. MERIC derives the cost of living index for each state by averaging the indices of participating cities and metropolitan areas in that state.

What is the best state to live in 2023?

Massachusetts topped 2023's list, scoring 61 out of 100. New Jersey came in second. New Hampshire, New York, and Wyoming fill out the rest of the top five states to live in, in that order. Several Southern states – Mississippi, Louisiana and Arkansas, among others – rounded out the bottom of WalletHub's rankings.

What is the fastest-growing town in the Midwest?

From July 1, 2021 to July 1, 2022 Rapid City grew by 2.74%, six-times the national average of 0.4%. Rapid City is growing faster than Billings, Montana; Madison, Wisconsin; Fargo, North Dakota; and Sioux Falls, South Dakota. “We know that Rapid City and the Black Hills are unlike any other community across the country.

What is the fastest-growing city in the Midwest?

GREATER DES MOINES, IA (May 25, 2023) – Greater Des Moines (DSM) is again the fastest-growing major Midwest metro in percentage of population growth, according to the 2022 estimates released by the U.S. Census Bureau.

Which city in the Midwest has the best weather?

Best weather: Kansas City, MO

Kansas City is known for its sweet barbeque and rich culture, and is also our number-one pick for best weather of the Midwest. The city enjoys 62% of the year in the sun and maintains an average temperature of 57 degrees, although it can get as cold as -23.

What is the cheapest state for seniors to live?

According to the Missouri Economic Research and Information Center, the lowest overall costs of living were found in Mississippi, Oklahoma, Kansas, Alabama, and West Virginia: Cheapest states to retire.

How cheap is it to live in Iowa?

Overall Cost of Living In Iowa

Iowa offers a relatively typical living experience. The state has an overall cost of living index of 80.1, which is 20% lower than the national average. Note that the cost of living index below 100 means the area is more affordable than the U.S. average.

Where is the lowest cost of living in the world?

What is the least expensive country to live in? The cheapest places to live are Pakistan, Egypt, Nepal, Bhutan, and Burundi. In these states, a person needs less than $430 per month to live comfortably.

Where is the cheapest rent in United States?

Where is the cheapest place in the US to retire?

What is the cheapest safest place to live in the United States?

Augusta, a small city near Georgia's border with South Carolina, is one of the cheapest and safest places to live in the USA. It has a low crime rate and a low cost of living, making it perfect for those looking to live comfortably and save money.

Where is the cheapest place to retire in the Midwest?

Topping the list is the small Midwestern city of Youngstown, Ohio.

What are the top 3 states to retire in?

The top five best states to retire to in 2024 are New Hampshire (1), Utah (2), Minnesota (3), Connecticut (4), and Colorado (5). The bottom five worst states to retire to in 2024 are Louisiana (50), Kansas (49), West Virginia (48), Arkansas (47), and Mississippi (46).

Should I move to the Midwest?

Despite its reputation for being “flyover” country, the Midwest has as much, if not more, to offer than the major cities on the East and West Coasts. The Midwest is home to 7 of the top 10 most affordable states, 45% of Fortune 500 companies, 19% of all U.S. patents, and 60% of all U.S. manufacturing.

What is the most expensive place to live in Midwest?

Chicago is the most expensive place to live in the Midwest based on a cost of living index for the third quarter. However, the vast majority of the 32 large Midwestern cities included in the study are cheaper than the national average.

What is the most expensive place in the Midwest?

Glencoe, Ill., is one of these affluent suburbs—and is home to the Midwest's priciest residential real estate. Glencoe's 60022 ZIP Code median listing price is $3.26 million, surpassing the next priciest Midwestern ZIP Code—that of Kenilworth, Ill., about four miles southeast of Glencoe—by close to $1 million.