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I just sold my 504 sq.ft. studio apartment, in the Yaletown area of down town Vancouver, for $368K. The reason it sold so cheap is that newer studio condos here start at $399K. Vancouver was listed as the most expensive real estate in North America, ahead of both LA & NY. ()
We are also a very business & tech savvy city, with a lot of high tech firms.
I work, in such a high tech company, "part-time", for $48K/year. The average person makes around $60K/year and our minimum wagers/students only make about $10.50/hr. These are the people that will "NEVER" own a home, unless they graduate or get a better career. Renting outside of the city, in a crappy neighbourhood, will still cost you $900-$1200/mth for a 1-2 bdrm apartment.
The cheapest, run down 2 BDRM home in Vancouver, BC is $550+
I agree with DW788 below. How can you have a household income of $39k and houses go for $200k? Median and average are two different things.
I paid $70k (cash) for a newly refurbished, two-bedroom bungalow in a nice old neighborhood in Rock Hill, SC. I make $39k and life is comfortable, albeit frugal. No way would I be able to afford a $200k house with a mortgage. Especially if there were kids involved. Where DID they get their numbers?
This is a junk article that has no real purpose other than to add content and help their SEO with Google. It provides no useful information whatsoever.
Bottom line: You can live fairly cheaply pretty much anywhere if you do a bit of due diligence.
I've known people who lived (notice the past tense) in many of these places in the past but don't today because they're actually quite expensive.
I'm sorry, but I don't understand this:
Ana Gonzalez: If you want a cheap city it could be a) You are a cheap bastard. b) You are a lazy bum. c) You are a fugitive!
1) Who's to say what is really a "cheap city?" Is it the price of homes? Rentals? Food? Taxes? Fuel? All of these factors vary from one place to the next, and EVERYTHING IS EXPENSIVE today. It IS the 21st century, don't forget. Can you really discern "cheap" from "inexpensive?"
2) HOW can you label people you DON'T EVEN KNOW cheap bastards, lazy bums, or fugitives? Just because they want to live a decent life? I think using the term "cheapest U.S. cities to live in" was rather harsh to begin with, and that judgmental attitude doesn't help. What about people who are handicapped, or are legitimately searching for work and coming up empty? I don't believe it's right or fair to refer to them as cheap bastards, lazy bums or fugitives. Each person's story is different.