What Utah Cities Have The Most Affordable Living?

by | Apr 20, 2022 | Uncategorized

These Utah Cities Have The Most Affordable Living In The Country

   

What’s the most affordable place to live and work in the U.S. today?

With record inflation raising the cost of everything for many folks, some may be looking for a change in pace. Perhaps moving to a city where living costs are more manageable could be the right move for you and your family. A new study by GoodHire analyzed data from 155 U.S. cities to find those with the most opportunity and affordability for residents.
“Across the country we dealt with continued restraints and restrictions caused by the COVID-19 pandemic, threats to an already shaky labor market, spiking housing costs, and record inflation that saw prices

The study considered seven key factors for cities with a labor force totaling over 150,000:

  • Wage Growth (20% weight)
  • Unemployment Rate (10% weight)
  • Job Growth (20% weight)
  • Percentage of Jobs Open (10% weight)
  • Renter Affordability (15% weight)
  • Homeowner Affordability (15% weight)
  • Real Per Capita Personal Income (10% weight)
After weighing all of the data involving these key factors, experts have narrowed down the cities where opportunity and affordability are most accessible.

Despite the real estate market experiencing an unprecedented boom, three Utah cities are still presenting residents with both job opportunities with relatively manageable living costs.

The top 10 most affordable U.S. cities to live and work in 2022 are:

  1. Sioux Falls, South Dakota
  2. Reno, Nevada
  3. Provo, Utah
  4. Madison, Wisconsin
  5. Huntsville, Alabama
  6. Charleston, South Carolina
  7. Fayetteville, Arkansas
  8. Ogden, Utah
  9. Salt Lake City, Utah
  10. Spartanburg, South Carolina

The top 10 least affordable U.S. cities to live and work in 2022 are:

  1. Los Angeles, California
  2. Hartford, Connecticut
  3. Corpus Christ, Texas
  4. Bakersfield, California
  5. Shreveport, Louisiana
  6. Modesto, California
  7. El Paso, Texas
  8. New York, New York
  9. Rockford, Illinois
  10. McAllen, Texas
To calculate the best job markets in the country, experts factored in the number of job opportunities, earning potential, and housing affordability.

U.S. cities with the best job markets in 2022:

  1. Reno, Nevada
  2. Spartanburg, South Carolina
  3. Savannah, Georgia
  4. Provo, Utah
  5. Boise, Idaho
  6. Naples, Florida
  7. Ogden, Utah
  8. Salt Lake City, Utah
  9. Phoenix, Arizona
  10. Palm Bay, Florida
To check out the full list of the most affordable cities to live and work in throughout the nation, click here. Published By:  (ABC4) News    
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