And with most Americans being unable to handle a $1000 emergency, we need all the help we can get. Whether it is green or affordable energy (find more about free green energy here) or cheaper groceries, most of us are incredibly price conscious and want to live somewhere we can afford.
Thankfully, there are a few affordable states with a low cost of living and good housing affordability, that make them great options to live and work in. Without any further ado, let’s look at some of the most affordable states in the USA to live and work in 2020.
Oklahoma has long been an affordable place to live and work. And shows no signs of stopping anytime soon. It ranks at or near the top both in cost of living, and housing affordability. Rent and home prices in the state are significantly less than the American average. And the costs of living are incredibly manageable as well.
It’s unemployment rate is around the national average, but incomes in the state are growing more rapidly than in most. While the traditional oil and natural gas industries still dominate Oklahoma, there are plenty of innovative parts of the economy as well. Aerospace, energy science, biotechnology are all gaining steam in the state, as well as traditional areas like health, professional services and transportation.
If you want somewhere with a growing economy that is also very affordable in every sense of the word, Michigan might be for you. The state ranks within the top 10 in both cost of living and housing affordability, and the income equality is greater here than in many other states. Finding a home that you enjoy, and can afford, should be simple in Michigan. The state is also a paradise for those who love the outdoors.
In past years in Michigan, manufacturing has been king. While it still employs a lot of people in the states, other industries have moved past it. This includes education, trade, health services, transportation and business services. So no matter what you do or want to do for work, there is a good chance Michigan has something that is right for you.
According to the USNews annual ranking, Iowa comes in as the most affordable state. As a result, it surely deserves a spot in this article. You would be hard pressed to find a more affordable housing market than in Iowa, and their cost of living for groceries and other necessary items is also quite low.
Not only is the state affordable, but it offers its residents a lot of economic opportunities as well. While generally thought of as purely a farming state, there is much more to the economy of Iowa as well. Healthcare is thriving, as is the education space. It is a fiscally stable state and has a very low unemployment rate when compared to other countries.
In conclusion, this article has mentioned a few of the most affordable states to live in and work in 2020. While there are plenty of affordable states, these states have a good balance of low cost of living, low real estate prices, all while having a decent economy.
About Author: Wendy Dessler is a super-connector who helps businesses find their audience online through outreach, partnerships, and networking. She frequently writes about the latest advancements in homeownership digital marketing and focuses her efforts on developing customized blogger outreach plans in the industry.