States where luxury living is cheap
Фото: Depositphotos
Are you dreaming about a mansion more than 8000 square feet? In some states, such a house can be bought for less than a million dollars.
GOBankingRates based on data Realtor.com compiled a list of states where mansions are the cheapest, based on the average price per square foot in the state.
- Georgia
Price per square foot: $ 85
The price of the mansion area 8 000 square feet: $ 680 th.
The cost of living in Georgia is 8,6% cheaper than the national average. This is mainly due to low housing prices, which are 25% lower than the national average. For $ 300 thousand, you can buy a house on 3020 square feet in the coastal town of Waverley, Georgia.
- Alaska
Price per square foot: $ 84
The price of the mansion area 8 000 square feet: $ 672 th.
Despite the fact that a square foot costs $ 84, the cost of living in Alaska is 32% higher than the average cost in the country. The good news is that it is more profitable to buy a house in Alaska than to rent it.
- Iowa
Price per square foot: $ 84
The price of the mansion area 8 000 square feet: $ 672 th.
The cost of housing in Iowa on 19% lower than in the whole country. Therefore, you can profitably buy luxury housing. So in the most expensive area of the state you can find housing for less than $ 75 thousand.
- North Carolina
Price per square foot: $ 83
The price of the mansion area 8 000 square feet: $ 664 th.
The average cost of housing in North Carolina is 18% lower than the national average. But this does not apply to the most expensive coastal area of Wrightsville, where for a comfortable life the average income should be $ 136 230 per year.
- Oklahoma
Price per square foot: $ 82
The price of the mansion area 8 000 square feet: $ 656 th.
The cost of living in Oklahoma is 11% cheaper than the national average. Living in the most expensive district of Tulsa costs about $ 73 059.
- Louisiana
Price per square foot: $ 81
The price of the mansion area 8 000 square feet: $ 648 th.
In Louisiana, you can buy a mansion for less than $ 650 thousand. There are relatively low prices for housing, child care, transportation and utilities. However, insurance, including medical, will be expensive.
- Ohio
Price per square foot: $ 80
The price of the mansion area 8 000 square feet: $ 640 th.
The richest people in Ohio need only $ 92 thousand to live comfortably in the most expensive area of the state. In other areas, the cost of housing, food and medical insurance is relatively inexpensive.
The average Ohio resident who earns about $ 45 659 would have to work 35,52 hours a week to afford a monthly mortgage on a house in Columbus.
- Missouri
Price per square foot: $ 79
The price of the mansion area 8 000 square feet: $ 632 th.
The cost of living in Missouri is 9,2% cheaper than the national average, the cost of housing is cheaper by 25%. To live comfortably in the most expensive city of Missouri, you need to earn almost $ 127 thousand per year.
If you are planning to buy a mansion in Kansas City, then do not hesitate. This city is in the top 20 of the best US cities for life, and housing prices are growing rapidly.
- New Mexico
Price per square foot: $ 76
The price of the mansion area 8 000 square feet: $ 608 th.
The cost of living in New Mexico is relatively inexpensive than the national average. But to afford a mansion you have to pay $ 600 thousand. The most expensive city in New Mexico is Santa Fe. To live here, you have to earn almost $ 108 thousand.
- Kentucky
Price per square foot: $ 74
The price of the mansion area 8 000 square feet: $ 592 th.
In Kentucky, housing at competitive prices can be bought in all cities of the state. It is also relatively expensive for you to spend on childcare and groceries. To live comfortably in the exclusive area Prospect, You will have to earn about $ 77 980.
Фото: Depositphotos
- Kansas
Price per square foot: $ 72
The price of the mansion area 8 000 square feet: $ 576 th.
Kansas is one of the states with the lowest average housing prices. The cost of living in Kansas is 9,6% lower than the national average. To live comfortably in the area Leawood, You need to earn $ 90 800.
- Wisconsin
Price per square foot: $ 71
The price of the mansion area 8 000 square feet: $ 568 th.
In Wisconsin, the cost of living is almost 11% cheaper than the national average. There is low unemployment, good education and inexpensive medical insurance. To live comfortably in the most expensive district of Madison, you need to earn about $ 98 thousand per year.
- Michigan
Price per square foot: $ 70
The price of the mansion area 8 000 square feet: $ 560 th.
The cost of living in Michigan is 12% lower than the national average. If you want to live in a mansion in the area Bloomfield hills you need to earn about $ 93 126.
- Tennessee
Price per square foot: $ 69
The price of the mansion area 8 000 square feet: $ 552 th.
The cost of living in Tennessee is 10% cheaper than the national average, so you can buy housing here at attractive prices. To afford a comfortable life in an expensive area of Nashville, you need to earn $ 106 thousand per year.
- Alabama
Price per square foot: $ 69
The price of the mansion area 8 000 square feet: $ 552 th.
To live in the most expensive area of Alabama Fairhope Your account must contain at least 6 numbers. This is very expensive, given that the average state income is $ 43 623. However, the cost of living in Alabama is almost 9% cheaper than the national average.
- West Virginia
Price per square foot: $ 68
The price of the mansion area 8 000 square feet: $ 544 th.
The cost of living in West Virginia is 9% cheaper than the national average. The average family income in the state is about $ 41 751. But in order to live in one of the expensive areas - in Charleston - the annual income should be approximately $ 20 thousand or more.
- Indiana
Price per square foot: $ 68
The price of the mansion area 8 000 square feet: $ 544 th.
The cost of living in Indiana is 12% lower than the national average. There are good salaries and inexpensive medical insurance. If you want to live comfortably in a fashionable area Zionsville, Your income should be $ 76 828. If you have only $ 300 thousand to buy a home, then in Indiana you can find very good deals.
- South Dakota
Price per square foot: $ 67
The price of the mansion area 8 000 square feet: $ 536 th.
Housing costs in South Dakota are low. And this is surprising, given the fact that the cost of living in this state is one of the highest. Additionally, South Dakota has no income tax and low sales tax.
- Mississippi
Price per square foot: $ 64
The price of the mansion area 8 000 square feet: $ 512 th.
In Mississippi, the cheapest cost of living in America. To live in the most fashionable area of Mississippi, you need to earn $ 67 thousand per year. Here, low spending on health insurance, child care and products. The fly in the ointment is that Mississippi cannot boast of a high-quality education and salaries are not high here.
- Арканзас
Price per square foot: $ 63
The price of the mansion area 8 000 square feet: $ 504 th.
In Arkansas, an acceptable balance between property value and cost of living. You don’t have to spend much on healthcare and transportation. To allow a comfortable life in the most exclusive area of Arkansas, you need to earn about $ 75 524.
Read also on ForumDaily:
15 most expensive suburbs of America
10 available apartments in the most expensive US cities
5 best cities in California for senior citizens
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