(YORKSHIRE ANALYSIS) — In the quest for the perfect place to call home, affordability often tops the list of considerations. To guide prospective buyers, we’ve compiled a list of the top 30 cities in the United States – for the year 2023 – that offer a harmonious balance between median household income and home prices.
Let’s delve into the details of each, revealing the unique advantages they offer.
1. Green Bay, WI
– Median Household Income: $70,879
– Median Home Price: $245,000
– Groceries vs. National Avg.: -15.0%
– Transportation vs. National Avg.: -10.7%
– Affordability Index: 100.00
2. Wichita, KS
– Median Household Income: $77,762
– Median Home Price: $210,000
– Groceries vs. National Avg.: -7.7%
– Transportation vs. National Avg.: -13.8%
– Affordability Index: 94.56
3. Rapid City, SD
– Median Household Income: $81,183
– Median Home Price: $300,000
– Groceries vs. National Avg.: -7.4%
– Transportation vs. National Avg.: -14.6%
– Affordability Index: 91.79
4. Springfield, IL
– Median Household Income: $79,460
– Median Home Price: $139,000
– Groceries vs. National Avg.: -8.1%
– Transportation vs. National Avg.: -7.4%
– Affordability Index: 89.22
5. Broken Arrow, OK
– Median Household Income: $102,747
– Median Home Price: $293,000
– Groceries vs. National Avg.: -5.8%
– Transportation vs. National Avg.: -13.8%
– Affordability Index: 84.19
6. Jackson, MS
– Median Household Income: $56,851
– Median Home Price: $120,000
– Groceries vs. National Avg.: -7.6%
– Transportation vs. National Avg.: -12.8%
– Affordability Index: 83.98
7. Alexandria, LA
– Median Household Income: $69,706
– Median Home Price: $64,000
– Groceries vs. National Avg.: -1.3%
– Transportation vs. National Avg.: -11.5%
– Affordability Index: 82.96
8. Iowa City, IA
– Median Household Income: $77,034
– Median Home Price: $300,000
– Groceries vs. National Avg.: -11.1%
– Transportation vs. National Avg.: -7.5%
– Affordability Index: 82.75
9. Manchester, NH (Tie)
– Median Household Income: $83,913
– Median Home Price: $385,000
– Groceries vs. National Avg.: -10.1%
– Transportation vs. National Avg.: -8.4%
– Affordability Index: 81.62
9/10. Sioux City, IA (Tie)
– Median Household Income: $74,378
– Median Home Price: $202,000
– Groceries vs. National Avg.: -9.9%
– Transportation vs. National Avg.: -2.2%
– Affordability Index: 81.62
11. Rockford, IL (Tie)
– Median Household Income: $64,532
– Median Home Price: $126,000
– Groceries vs. National Avg.: -8.9%
– Transportation vs. National Avg.: -9.2%
– Affordability Index: 81.31
12. Winchester, VA (Tie)
– Median Household Income: $82,216
– Median Home Price: $370,000
– Groceries vs. National Avg.: -10.5%
– Transportation vs. National Avg.: -15.1%
– Affordability Index: 81.31
13. Jackson, TN (Tie)
– Median Household Income: $64,756
– Median Home Price: $237,000
– Groceries vs. National Avg.: -6.8%
– Transportation vs. National Avg.: -14.5%
– Affordability Index: 80.18
13/14. Saint Louis, MO (Tie)
– Median Household Income: $68,681
– Median Home Price: $210,000
– Groceries vs. National Avg.: -2.2%
– Transportation vs. National Avg.: -16.8%
– Affordability Index: 80.18
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15. Little Rock, AR
– Median Household Income: $89,748
– Median Home Price: $230,000
– Groceries vs. National Avg.: 0.0%
– Transportation vs. National Avg.: -6.1%
– Affordability Index: 79.36
16. Evansville, IN
– Median Household Income: $59,846
– Median Home Price: $144,000
– Groceries vs. National Avg.: -3.5%
– Transportation vs. National Avg.: -8.4%
– Affordability Index: 79.06
17. Eau Claire, WI
– Median Household Income: $78,101
– Median Home Price: $278,000
– Groceries vs. National Avg.: -3.6%
– Transportation vs. National Avg.: -2.4%
– Affordability Index: 78.23
18. Ogden, UT
– Median Household Income: $76,037
– Median Home Price: $368,000
– Groceries vs. National Avg.: -17.9%
– Transportation vs. National Avg.: -11.7%
– Affordability Index: 78.13
19. Fayetteville, AR
– Median Household Income: $78,537
– Median Home Price: $380,000
– Groceries vs. National Avg.: -8.7%
– Transportation vs. National Avg.: -13.2%
– Affordability Index: 78.03
20. Raleigh, NC (Tie)
– Median Household Income: $102,100
– Median Home Price: $388,000
– Groceries vs. National Avg.: -4.7%
– Transportation vs. National Avg.: -13.4%
– Affordability Index: 77.52
20/21. South Bend, IN (Tie)
– Median Household Income: $66,776
– Median Home Price: $145,000
– Groceries vs. National Avg.: -14.4%
– Transportation vs. National Avg.: -6.6%
– Affordability Index: 77.52
22. Beaumont, TX
– Median Household Income: $71,028
– Median Home Price: $194,000
– Groceries vs. National Avg.: -8.3%
– Transportation vs. National Avg.: -16.9%
– Affordability Index: 77.41
23. Roanoke, VA
– Median Household Income: $67,598
– Median Home Price: $210,000
– Groceries vs. National Avg.: -6.9%
– Transportation vs. National Avg.: -9.5%
– Affordability Index: 76.49
24. Birmingham, AL
– Median Household Income: $59,373
– Median Home Price: $184,000
– Groceries vs. National Avg.: -3.4%
– Transportation vs. National Avg.: -1.6%
– Affordability Index: 75.98
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25. Hot Springs, AR
– Median Household Income: $58,055
– Median Home Price: $210,000
– Groceries vs. National Avg.: -2.2%
– Transportation vs. National Avg.: -10.2%
– Affordability Index: 74.74
26. Columbia, MO (Tie)
– Median Household Income: $80,898
– Median Home Price: $280,000
– Groceries vs. National Avg.: 2.5%
– Transportation vs. National Avg.: -5.0%
– Affordability Index: 74.64
26/27. Springfield, MO (Tie)
– Median Household Income: $56,902
– Median Home Price: $184,000
– Groceries vs. National Avg.: -1.9%
– Transportation vs. National Avg.: -17.3%
– Affordability Index: 74.64
28. Madison, WI
– Median Household Income: $94,746
– Median Home Price: $371,000
– Groceries vs. National Avg.: -1.6%
– Transportation vs. National Avg.: -7.5%
– Affordability Index: 74.13
29. Amarillo, TX
– Median Household Income: $76,316
– Median Home Price: $220,000
– Groceries vs. National Avg.: -8.4%
– Transportation vs. National Avg.: -5.5%
– Affordability Index: 74.02
30. Conroe, TX
– Median Household Income: $92,288
– Median Home Price: $320,000
– Groceries vs. National Avg.: -11.7%
– Transportation vs. National Avg.: -15.9%
– Affordability Index: 73.92
These cities offer an excellent blend of affordability and quality of life, making them attractive options for prospective homebuyers.
Whether you’re looking for a bustling urban center or a serene suburban environment, you’re likely to find a perfect fit in our compiled list of the most affordable cities to live in the U.S. for the year 2023.
Each city brings its unique charm and opportunities, providing a solid foundation for a prosperous future.
