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7 Least expensive East Coast States to Reside in for 2024

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7 Least expensive East Coast States to Reside in for 2024

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Bored with residing paycheck to paycheck? You’re seemingly pondering, “What are the most cost effective states to stay in alongside the East Coast?” Effectively, you’re in the fitting place.

We’re about to discover essentially the most reasonably priced East Coast states, detailing how every balances decrease residing prices with a satisfying way of life. Let’s take a better look.

1. Georgia

The price of residing in Georgia is 11.4% beneath the nationwide common. Whereas Atlanta has barely increased residing prices, there are various reasonably priced areas in Georgia that present economical residing choices.

The median residence value right here is $385,000, and the median family revenue is about $65,030. Whereas Georgia isn’t extensively identified for its seashores, it does have a number of reasonably priced seashore locations, and the bigger coastal metropolis of Savannah is a perfect place to stay, combining seashore entry with city facilities.

2. West Virginia

In West Virginia, with a value of residing round 10% decrease than the U.S. common, reasonably priced housing is a notable function, mirrored within the median residence value of $221,975.

Should you like nature and journey, you’ll discover West Virginia, with its wealthy mining historical past, to be an excellent match, because it’s a hub for varied out of doors actions.

3. Tennessee

Tennessee, the place the price of residing is 9.6% beneath the nationwide common, gives extra than simply its famed musical heritage and wealthy culinary scene in cities like Memphis and Nashville.

Don’t miss: 8 Professionals And Cons of Residing in Nashville

Discover out: The ten Richest Neighborhoods in Memphis

The state additionally has quite a few small cities which can be well-suited for household residing. Although the median residence value of $419,950 is barely above the U.S. common, Tennessee offsets this with decrease bills in different areas, offering households with a stability of cultural richness and affordability.

4. Alabama

Alabama’s residing bills are about 12.1% decrease than the U.S. common. The state is a hub for varied industries, together with metal manufacturing and area exploration.

The median residence value right here is $311,083, and in case you are seeking to retire it is a nice state. There are various reasonably priced seashore locations in Alabama and $1 million in retirement will final you 24 years over right here.

5. Mississippi

As essentially the most economical state within the U.S., Mississippi has a value of residing 15.6% decrease than the nationwide common. With a median residence value of $274,750, it’s a beautiful choice in case you are searching for affordability. Mississippi can also be acknowledged for its contributions to American music and delicacies.

Whereas it’s the poorest state in the entire US, you’ll be shocked to seek out that Mississippi has many rich cities, with quite a few households incomes approach above $100,000.

Try: 9 Professionals And Cons Of Residing In Gulfport, MS

6. North Carolina

With a value of residing 6% decrease than the nationwide common, North Carolina gives reasonably priced residing choices.

The state is famous for its expertise and schooling sectors, and options moderately priced housing. Coastal areas just like the Outer Banks and Wilmington present seashore residing at decrease prices.

7. South Carolina

The price of residing in South Carolina is 6% beneath the nationwide common. This state is acknowledged for its reasonably priced seashore cities, comparable to Myrtle Seashore and Charleston, that are identified for coastal residing experiences at a decrease value than sometimes present in related locales.

Learn extra: 17 Seashore Cities The place You Can Purchase a Home For Below $100,000

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