There are housing markets in the United States where your budget will buy more property for your dollar, and there are housing markets where your dollar buys considerably less.
The not-cheap property markets include the West Coast and Hawaii and much of the East Coast. But this does not mean that there is nowhere in the United States where you cannot find attractive and affordable housing that you have been dreaming of. You might just have to look at the prospects from a different viewpoint.
If you are considering a move to an area where housing is more favorable to your retirement budget, or you just want to relocate to where the cost of living (COL) is not as high as your present location, why not explore some of these communities?
situated between Dayton and Columbus, the economy was formerly driven by its biggest local employer, International Harvester. Now, Springfield’s industry centers around warehousing and technology. Because of a steady decline in population, there is an above-average inventory of attractive and affordable housing.
Median home price: $76,000
Median income: $53,500
Monroe, Michigan: the third oldest city in Michigan, Monroe rests midway between Detroit and Toledo, Ohio. It is home to Laz-Z-Boy Furniture, Monroe Shocks & Struts, and headquarters to Tenneco. Monroe once was thriving as part of the auto industry; its surviving industries are agriculture and other manufacturing. The population remains steady with little anticipated growth.
Median home price: $120,000
Median income: $63,700
The heart of the Corn Belt, Davenport is situated on the Mississippi River. “The American Dream is palpable here,” according to the city administrator. Its economy is supported by agriculture, food processing, financial services, and manufacturing. Davenport’s real estate has remained fairly stable.
Median home price: $94,000
Median income: $63,100
Third largest city in Tennessee, its economy is driven by government employment, professional services, education, healthcare, retail, leisure and hospitality, and manufacturing. Its favorable tax structure benefits businesses and individuals.
Median home price: $140,000
Median income: $60,700
This northeastern Ohio town treasures its “all-American small-town vibe.” The population has declined over the past decade with the loss of much of its heavy industry, but its manufacturing sector is now more diversified. Although the Mansfield economy continues to improve, the housing inventory is still large.
Median home price: $91,000
Median income: $54,600
There are many reasons to relocate from one area to another, including the benefit of reducing your cost of living. While none of these cities may be considered major tourist attractions, each has its advantages. And none of the cities is situated far from other major metropolitan areas.
Let the spirit of adventure inspire you to use the internet to search for more data about the communities of interest to you. Another excellent resource for building your “my new home” file is to contact the Chambers of Commerce and Visitors Centers for information packets. Subscribing to an online version of the local newspaper can give you additional insight into the possibilities and concerns of the community. Have a thouragh search online with our disired filters and be sure you will get the best of the best that just fits you perfectly.