With many American families struggling with high rent, credit card debt and student loans, it might be difficult to find an affordable place to lay down roots. Finding a place to live with good-paying jobs and affordable housing is certainly a delicate balance. Many U.S. cities have one or the other, with American families assuming that a city with decent wages will come with high housing costs. But luckily, there are plenty of cities that offer the best of both worlds.
To identify cities in the U.S. that have plenty of jobs and cheap housing, GOBankingRates gathered information on the 200 biggest housing markets in the U.S., according to Zillow. We gathered data available regarding the typical home value and monthly rent as of February 2023, as well as its Metro Statistical Area unemployment rate, according to the December 2022 Bureau of Labor Statistics data.
The 10 cities in the final ranking have values lower than the U.S. national average in all of the above factors. Additional data on labor force participation and livability score was gathered from the American Community Survey and AreaVibes. Keep reading to find out if your city has cheap housing and job opportunities.
