Settling for cheap housing and to live with decent-paying jobs is a delicate balance. According to studies, many US residents are struggling with high rent, hard to find affordable cities, credit card debt, and student loans.
Most families assume that an area with good-paying jobs will come with high housing rates. Fortunately, there are many affordable in the United States that offer both cheap housing and good-paying jobs.
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We have researched which cities in the United States that offers plenty of jobs and low-cost housing rate. Some factors we considered are the unemployment rate, typical marker rent, and median listing price.
Also, Read: States With The Most Affordable Housing In the US
In order for cities to be qualified, cities must behave values lower than the US average on each factor. Based on the 3 factors above, we have listed the top 10 cities with cheap housing rates and good-paying jobs.
Livability score: 82
Labor force participation rate: 69.5%
Median household income: $70,094
Unemployment rate: 2.2%
Median list price: $275,950
Monthly market rent: $1,230
Livability score: 78
Labor force participation rate: 69.0%
Median household income: $56,936
Unemployment rate: 2.9%
Median list price: $195,000
Monthly market rent: $1,230
Livability score: 73
Labor force participation rate: 66.7%
Median household income: $50,180
Unemployment rate: 3.0%
Median list price: $194,000
Monthly market rent: $1,140
Livability score: 78
Labor force participation rate: 67.4%
Median household income: $50,234
Unemployment rate: 3.5%
Median list price: $189,000
Monthly market rent: $820
Livability score: 73
Labor force participation rate: 74.8%
Median household income: $56,670
Unemployment rate: 2.8%
Median list price: $228,250
Monthly market rent: $970
Also, Read: A 2020 Guide Moving to South Dakota
Livability score: 77
Labor force participation rate: 66.9%
Median household income: $60,021
Unemployment rate: 2.9%
Median list price: $175,000
Monthly market rent: $1,050
Livability score: 78
Labor force participation rate: 64.5%
Median household income: $48,042
Unemployment rate: 2.8%
Median list price: $195,000
Monthly market rent: $980
Livability score: 80
Labor force participation rate: 64.3%
Median household income: $60,631
Unemployment rate: 2.0%
Median list price: $209,000
Monthly market rent: $1,330
Livability score: 62
Labor force participation rate: 61.1%
Median household income: $45,496
Unemployment rate: 3.4%
Median list price: $159,200
Monthly market rent: $750
Livability score: 76
Labor force participation rate: 69.4%
Median household income: $59,603
Unemployment rate: 2.7%
Median list price: $162,500
Monthly market rent: $910
The unemployment rate dropped to a nearly 50-year low of 3.6%, some cities and states have a much lower rate. For most Americans, the availability of jobs and cheap housing is a primary concern and a huge factor living a comfortable life. Many US residents are flocking to these cities to find jobs and cheap housing.