18 Amazing East Coast Cities With Affordable Housing (2023)


18 Amazing East Coast Cities With Affordable Housing (1)9 minutes of reading

VonJami Farkas

18 Amazing East Coast Cities With Affordable Housing (2)

Often the perception is thatstates in the backfrom the US are inaccessible to most Americans. Maybe it's time to banish that thought.

File:25 Extra Grocery Costs You're Probably Forgetting
Learn:Unplug the devices that are increasing your electricity bills

GOBankingRates searched the states along the East Coast from north to south (Maine, New Hampshire, Massachusetts, Rhode Island, Connecticut, New York, New Jersey, Delaware, Maryland, Virginia, North Carolina, South Carolina, Georgia and Florida) to determine their accessibility.

Taking into account the average monthly salary, rent not exceeding 30% of the income level, cost of living compared to the national average, and livability scores, we got the following results18 East Coast Cities That Can Be Considered Affordable And Wonderful Places To Live

Make your money work for you

(Video) 10 Most Comfortable and Cheapest Country to LIVE in !

18. Manchester, New Hampshire

  • State median monthly income:$ 5.396
  • Average 1 bedroom rent:1.273 $
  • Population:112.109

Manchester, in the south of the state, has something for lovers of all seasons. With an average of 60 inches of snow in Manchester per year, skiers can head to the city's McIntrye Ski Resort. It's just a 45-minute drive to the coast and popular Hampton Beach for summer lovers, and the nearby White Mountains offer breathtaking views of spring colors and fall foliage. The city has the highest median monthly income on this list.

SURVEY RESEARCH:Have gas prices affected your driving habits?

17. Charlotte, North Carolina

  • State median monthly income:4.448 $
  • Average 1 bedroom rent:1.280 $
  • Population:857.425

North Carolina's largest city is home to more than 10 Fortune 1000 companies, including Bank of America. It is the only city in the study with two professional sports franchises: the NFL Panthers and the NBA Hornets. It is also a popular destination for residents to move to. Charlotte ranked #4 on Penske Truck Rental's list of top 10 relocation destinations for 2021.

16. Fort Myers, Florida

  • State median monthly income:4.480 $
  • Average 1 bedroom rent:1.282 $
  • Population:79.927

Popular with retirees, Fort Myers is a playground for all ages. With year-round warm weather, residents can take advantage of the city's extensive network of parks or participate in activities such as boating, fishing, hiking and tennis. And, of course, golf.

The downside: Fort Myers has one of the highest average monthly rents on this list. The benefit: Florida residents pay no state income tax.

15. Wilmington, Carolina do Norte

  • State median monthly income:4.448 $
  • Average 1 bedroom rent:1.101 $
  • Population:120.194

Located on the Cape Fear River, Wilmington has provided the backdrop for a number of movies and television shows, including Iron Man 3, Matlock, Dawson's Creek and One Tree Hill. But it is also a popular location for the royal residence.

Based on US numbers. According to the Census Bureau, Wilmington's population grew by 8.4% between 2010 and 2020. According to HireAHelper's 2021-22 US Migration Report, nearly 60% more people are moving. They moved to the city in 2021.

Make your money work for you

14. Jacksonville, Florida

  • State median monthly income:4.480 $
  • Average 1 bedroom rent:1.179 $
  • Population:890.467

According to the US Census Bureau, Jacksonville is the most populous city on the list, growing by more than 125,000 residents between 2010 and 2020. It also has room for added people.

(Video) Top 8 Most Affordable Coastal Cities in the United States

At 840 square miles, Jacksonville is the largest city by land area in the continental United States and has the largest urban park system in the country. He also has the youngest median age in Florida at 36.

13. Durham, North Carolina

  • State median monthly income:4.448 $
  • Average 1 bedroom rent:1.146 $
  • Population:269.702

Durham became known for its tobacco after the Civil War and the Bull Durham Tobacco Company was born. As a result, textile companies moved to the city. Durham is now part of Research Triangle Park, which has brought an influx of high tech and manufacturing jobs to the area.

Home to Duke University, Durham also boasts world-class medical facilities and is known as the City of Medicine.

12. Gainesville, Flórida

  • State median monthly income:4.480 $
  • Average 1 bedroom rent:1.015 $
  • Population:132.127

Gainesville has the second lowest housing cost in the study. And as home to the University of Florida, Gainesville has a great collegiate atmosphere, with plenty of free and inexpensive attractions, like the massive system of public parks and walking trails, that attract students and young families alike.

Plus, only Gainesville can claim to be the home of Gatorade, where the sports drink was created by university scientists in the 1960s and named after the school's mascot: Gator.

11. Raleigh, North Carolina

  • State median monthly income:4.448 $
  • Average 1 bedroom rent:1.270 $
  • Population:464.485

Raleigh, one of the other legs of Research Triangle Park, is the state capital of North Carolina. Raleigh residents can find jobs with the state government or through RTP, which is the nation's largest research park and home to hundreds of companies. They range from startups to giants IBM and GlaxoSmithKline.

Make your money work for you

10. Charlottesville, Virgínia

  • State median monthly income:$ 5.056
  • Average 1 bedroom rent:1.128 $
  • Population:47.096

The first of three Virginia locations on the list, Charlottesville is steeped in history. Historic sites include Monticello, home of Thomas Jefferson, the third president of the United States. Adjacent to Monticello is Highland, home to fifth president James Monroe. And about 30 miles north is Montpelier, where the fourth president, James Madison, lived with his wife Dolley. Jefferson also founded the University of Virginia at Charlottesville.

9. Richmond, Virginia

  • State median monthly income:$ 5.056
  • Average 1 bedroom rent:1.114 $
  • Population:226.622

If you live or work in downtown Richmond, you may never need to leave the neighborhood. Leave your home or office and head to the James River, where you'll find the only Class IV rapids in the middle of the country.

(Video) Cheapest Place to Buy House in UK

Or bike along the river on the Virginia Capital Trail, sample craft beer on the Richmond Beer Trail or visit one of the state capital's many museums.

8. Playa Virginia, Virginia

  • State median monthly income:$ 5.056
  • Average 1 bedroom rent:1.430 $
  • Population:450.201

Along the coast, where the Atlantic Ocean meets the Chesapeake Bay, is Virginia Beach. With its coastal vibe, Virginia Beach has a different vibe than Charlottesville and Richmond.

It's known for its tasty food scene, arts and entertainment, family-friendly areas and, of course, its beaches. Given its proximity to the water, it's no surprise that Virginia Beach has the highest rental costs on the list -- about $150 more than the second highest on the list.

7. Melbourne, Florida

  • State median monthly income:4.480 $
  • Average 1 bedroom rent:1.226 $
  • Population:81.468

East of Orlando is Melbourne on the Space Coast. Nearby is Cape Canaveral Air Force Station, which launches satellites and spacecraft en route to the International Space Station.

Melbourne's Old Town also has plenty to offer along the waterfront, including shopping in quirky boutiques, public art, enjoying the local music scene, relaxing in an outdoor lounge or dining in one of the 40 artisan restaurants and bars.

Make your money work for you

6. Panama City Beach, Florida

  • State median monthly income:4.480 $
  • Average 1 bedroom rent:1.099 $
  • Population:12.751

In the northwest part of Florida is Panama City Beach, located on the Gulf coast. With miles of white sand beaches and sparkling blue waters, Panama City Beach is a vacationer's paradise, but its rentals are in the bottom third of the study for those looking to make it their permanent home. It is also known for its excellent food served with a big helping of Southern hospitality.

5. Gainesville, Geórgia

  • State median monthly income:4.632 $
  • Average 1 bedroom rent:1.119 $
  • Population:39.991

Gainesville was introduced to people all over the world in 1996 when Atlanta hosted the Summer Olympics. During the Games, canoeing and kayaking events were held on Lake Lanier in Gainesville and the site is now home to the Lanier Canoe and Kayak Club and the Lake Lanier Rowing Club.

If water sports aren't your thing, there's plenty to do in Gainesville, including: B. historic tours and a variety of events, including outdoor concerts, Food Truck Fridays and the Hong Kong Dragon Boat Festival.

4. Athens, Georgia

  • State median monthly income:4.632 $
  • Average 1 bedroom rent:$ 929
  • Population:124.719

Athens, home to the University of Georgia, is the cheapest place to rent a one-bedroom studio. This leaves more money in the budget to buy football tickets, to see the defending champion Bulldogs or to dine and shop in historic downtown Victoria. About 60 miles from Atlanta, the city's reputation as a Southeast destination for breweries and pubs is growing.

(Video) Affordable Cities: 10 US Metro Areas With Underrated Livability, Walkability and Transit

3. Greensboro, Carolina do Norte

  • State median monthly income:4.448 $
  • Average 1 bedroom rent:1.046 $
  • Population:291.303

Halfway between Charlotte and Raleigh is North Carolina's fifth city on the list, Greensboro. It is the cheapest of all the cities in the study, with a cost of living index 9% below the national average.

Its location also allows Greensboro residents to spend the weekend away, with trips to the Blue Ridge Mountains to the west and the beach to the southeast being a manageable trip.

Make your money work for you

2. Greenville, Carolina do Sul

  • State median monthly income:3.952 $
  • Average 1 bedroom rent:1.059 $
  • Population:67.737

If you're new to Greenville, start by finding Falls Park on Reedy's. Located on South Main Street, it offers a lot of nature or activities for the whole family, such as: B. Walking along the river or watching the waterfalls.

When you're hungry or thirsty, walk along Main Street, lined with trees with twinkling lights, and stop at one of the many restaurants, breweries, wineries or cafes.

1. Lake District, Florida

  • State median monthly income:4.480 $
  • Average 1 bedroom rent:1.190 $
  • Population:107.922

Lakeland is nearly 4% below the national cost of living, yet apartment rents are in the top half of study cities. However, people have discovered the secret of Lakeland, whose population, according to the US Census Bureau, grew by 15.6% between 2010 and 2020.

It's not just retirees who end up in Lakeland. While 22.2% of the population is aged 65 and over, 19.5% of residents under 18 make up many young families.

More from GOBankingRates

  • The 8 Best New Items Coming to Dollar Tree in 2023
  • Build Your Credit With These Simple Strategies
  • Experts: 4 Safest Places to Store Your Savings

Methodology:For this article, GOBankingRates first determined (1) the average monthly wages in the third quarter of 2021 for Maine, New Hampshire, Massachusetts, Rhode Island, Connecticut, New York, New Jersey, Delaware, Maryland, Virginia, North Carolina, and South Carolina , Georgia, Florida, according to a press release from the Bureau of Labor Statistics County Employment and Wages. GOBankingRates then found (2) cities in selected states where the average rent for a one-bedroom apartment in April 2022 from ApartmentList did not exceed 30% of the average monthly income of state residents (estimated by professionals recommended by the housing budget guide). ); and (3) population figures for each city obtained from the US Census Bureau. Cities included in the ranking had (4) an overall cost of living index, derived from Sperling's Best Places, that was no more than 10% higher than the national average; and (5) Areavibes-related habitability scores greater than 65. All data was collected and is current as of May 11, 2022.

About the author

Jami Farkas

Jami Farkas holds a BA in Communications from California State University, Fullerton, and has worked as a reporter or editor for newspapers in the four corners of the United States. She brings experience as a sports editor, business editor, religion editor, digital editor and more to GOBankingRates. Passionate about real estate, she passed her state's real estate license exam and is still debating whether to dive into home selling or just write about home selling.

keep reading

(Video) Why Doesn't Austin Have More Affordable Housing?


1. Neighbours Called Him Crazy, But He Had the Last Laugh
2. Van Life is Dying (and this trend is replacing it)
(Shaffer Nickel)
3. Hennepin County's COVID hotels are turning into deeply affordable housing
(KARE 11)
4. Top 10 Cheapest Big Cities in the United States for 2022.
(World According To Briggs)
5. Top 10 Cheapest Beach Towns in the US.
(World According To Briggs)
6. Liberal Hypocrisy is Fueling American Inequality. Here’s How. | NYT Opinion
(The New York Times)
Top Articles
Latest Posts
Article information

Author: Rev. Leonie Wyman

Last Updated: 02/01/2023

Views: 5737

Rating: 4.9 / 5 (79 voted)

Reviews: 94% of readers found this page helpful

Author information

Name: Rev. Leonie Wyman

Birthday: 1993-07-01

Address: Suite 763 6272 Lang Bypass, New Xochitlport, VT 72704-3308

Phone: +22014484519944

Job: Banking Officer

Hobby: Sailing, Gaming, Basketball, Calligraphy, Mycology, Astronomy, Juggling

Introduction: My name is Rev. Leonie Wyman, I am a colorful, tasty, splendid, fair, witty, gorgeous, splendid person who loves writing and wants to share my knowledge and understanding with you.