(The 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.

In 2023/2024, these cities not only present attractive economic opportunities but also provide a cost-effective housing market.

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

READ: How To Add Up To 25% To Your Home Price

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.


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