![]() Three cities in the West are on a new top 10 list as the most affordable cities in America. Although Detroit, with a monthly median housing cost of $734, took the first-place honors, El Paso scored a solid second with exactly $877 in those same costs. The list was compiled by the by the customer review website ConsumerAffairs, which also put Tucson in fifth place and Albuquerque in the number nine slot, focusing on cities with populations of 500,000 or more. Feeding in such factors as utility costs, property insurance, and real estate prices, the top ten list included no cities on the East or West coasts; while, besides Detroit, the cities of Milwaukee, Indianapolis, and Kansas City showed a strong Midwest presence. El Paso, according to the ConsumerAffairs survey, also placed high due to a median home value of $132,800, and median rent of $857. The site also noted that “jobs are plentiful, especially in energy production and health care.” Tucson recorded median housing costs of $890; a median home value of just under $166,000; and a median rent of $861. “The city boasts a strong economy that has a diverse blend of private and public business sectors, including education, aerospace, biotech, defense, information technology, and international trade,” notes the site. Albuquerque made the list with median housing costs of $968; a median home value of $204,100; and median rent of $889. Although the Duke City represents a competitive housing market, “home prices are considerably lower than in many other metropolitan areas.” The ConsumerAffairs survey adds that “Albuquerque is another affordable city that offers plenty of jobs in health care. In recent years, it has also added high-tech manufacturing capacity. The state and federal government are also major employers.” By Garry Boulard
0 Comments
Your comment will be posted after it is approved.
Leave a Reply. |
Get stories like these right to your inbox.
|