If you are feeling the pressure of basic amenities like rent, food, and transportation, you’re not alone. Soaring inflation has made everyday expenses a burden for many Americans, especially those with fixed incomes. But amidst this economic storm, these five states are budget-friendly havens that can transform your financial future.
Iowa
With a low cost of living, Iowa offers more than just budget-friendly living. It features a top-notch yet affordable education system plus inexpensive housing. But Iowa’s appeal goes beyond cheap housing or schools. This state’s poverty rate also sits below the 11.2% national average, indicating a thriving community.
Missouri
Missouri’s motto might be “Show-Me,” but it doesn’t need to prove anything regarding affordability. Sporting an average housing cost of around $1,300 monthly, it is a middle-America gem. The minimum wage is also decent at $12.30 an hour. Couple that with the diverse job market, and you’ve got a recipe for financial stability.
Kansas
This state is a sanctuary for budget-conscious folks. As one of the cheapest states in the US, the Sunflower State flaunts one of the country’s lowest unemployment rates and the third-lowest cost of housing. So you can live affordably and have a better shot at landing a job. Talk about a win-win!
Alabama
Ever dreamed of living in a place where your wallet breathes easier? Welcome to Alabama! This southern charmer is a prudent spender’s paradise. Note that the average home price is a modest $170,184, and transportation and healthcare costs are among the lowest in the nation.
Georgia
This state’s not just about peaches and southern hospitality. Georgia is a haven for those looking to live large on a small budget. Sure, housing might cost you around $246,272, but here’s the kicker—Atlanta, the state’s crown jewel, is a bustling business hub. So, you’re not just saving money but investing in opportunity.
