Before moving to a new state, or even long distances intra-state, check your new home town’s Cost of Living. It will help you plan a better housing budget.
There are some U.S. towns in which the cost of living remains affordable — and downright cheap — as compared to the national average.
It’s a fact: It’s more expensive to live in some cities than others. Beyond just the costs of buying a home, different cities also carry a different Cost of Living. For households relocating across state lines, the change in “life costs” can be jarring.
Inflation fears are harming home buyers. The Cost of Living has reached a record level, surpassing the former peak set in July 2008. Mortgage rates would be rising more right now if not for the Middle East unrest.