Special Report

The Least Expensive Place To Live In Every State

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A surge in demand for homes in the United States, in addition to limited housing inventory, has created a sellers market unlike anything seen in recent memory. Homes are now selling faster than ever before — and also for more money than ever before. Here is a look at the cities where the middle class can no longer afford housing.

Much of the country has long faced a housing affordability crisis, and rapidly rising home values are further exacerbating the problem. Despite the growing gap between income and housing costs, some parts of the country offer much more affordable housing than others.

According to the most recently available figures from the U.S. Census Bureau, the typical American home is worth $217,500, 3.5 times more than the national median household income of $62,843. In nearly every state, there is at least one community where the ratio of home value to income is lower than it is nationwide.

Using data from the Census’ American Community Survey, 24/7 Wall St. identified the most affordable place to live in every state. We ranked all cities, towns, villages, and unincorporated communities with populations of at least 10,000 by the median home value to median annual household income ratio.

With home values more affordable for the local incomes, the places on this list tend to have higher than average homeownership rates. In all but 10 communities on this list, the homeownership rate exceeds the homeownership rate across the state as a whole. Only four places on this list have a lower homeownership rate than the 64% rate nationwide. Here is a look at the states where the most people live with their parents.

Click here to see the least expensive place to live in every state.
Click here to see our methodology.

Alabama: Alabaster
> Home value to income ratio: 2.2-to-1 (state: 2.8-to-1)
> Median household income: $80,072 (state: $50,536)
> Median home value: $173,000 (state: $142,700)
> Home ownership rate: 83.6% (state: 68.8%)
> Location: Shelby County
> Population: 33,176

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Alaska: Badger
> Home value to income ratio: 2.8-to-1 (state: 3.5-to-1)
> Median household income: $81,111 (state: $77,640)
> Median home value: $224,900 (state: $270,400)
> Home ownership rate: 73.6% (state: 64.3%)
> Location: Fairbanks North Star Borough
> Population: 18,911

Musides / Wikimedia Commons

Arizona: Sahuarita
> Home value to income ratio: 2.7-to-1 (state: 3.8-to-1)
> Median household income: $80,525 (state: $58,945)
> Median home value: $214,100 (state: $225,500)
> Home ownership rate: 82.4% (state: 64.4%)
> Location: Pima County
> Population: 29,905

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Arkansas: Marion
> Home value to income ratio: 2.1-to-1 (state: 2.7-to-1)
> Median household income: $73,459 (state: $47,597)
> Median home value: $153,900 (state: $127,800)
> Home ownership rate: 68.0% (state: 65.6%)
> Location: Crittenden County
> Population: 12,404

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California: Imperial
> Home value to income ratio: 2.8-to-1 (state: 6.7-to-1)
> Median household income: $85,654 (state: $75,235)
> Median home value: $239,900 (state: $505,000)
> Home ownership rate: 74.4% (state: 54.8%)
> Location: Imperial County
> Population: 17,454

Colorado: Johnstown
> Home value to income ratio: 3.4-to-1 (state: 4.7-to-1)
> Median household income: $100,025 (state: $72,331)
> Median home value: $336,100 (state: $343,300)
> Home ownership rate: 87.1% (state: 65.2%)
> Location: Weld County
> Population: 14,910

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Connecticut: Newington
> Home value to income ratio: 2.8-to-1 (state: 3.5-to-1)
> Median household income: $81,646 (state: $78,444)
> Median home value: $230,500 (state: $275,400)
> Home ownership rate: 78.3% (state: 66.1%)
> Location: Hartford County
> Population: 30,234

JERRYE & ROY KLOTZ, M.D. / Wikimedia Commons

Delaware: Bear
> Home value to income ratio: 2.9-to-1 (state: 3.7-to-1)
> Median household income: $72,192 (state: $68,287)
> Median home value: $209,700 (state: $251,100)
> Home ownership rate: 57.9% (state: 71.2%)
> Location: New Castle County
> Population: 20,850

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Florida: Gonzalez
> Home value to income ratio: 2.2-to-1 (state: 3.9-to-1)
> Median household income: $77,492 (state: $55,660)
> Median home value: $172,200 (state: $215,300)
> Home ownership rate: 84.0% (state: 65.4%)
> Location: Escambia County
> Population: 14,598

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Georgia: Martinez
> Home value to income ratio: 2.2-to-1 (state: 3.0-to-1)
> Median household income: $75,330 (state: $58,700)
> Median home value: $162,600 (state: $176,000)
> Home ownership rate: 75.6% (state: 63.3%)
> Location: Columbia County
> Population: 34,844

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Hawaii: Waimea
> Home value to income ratio: 4.9-to-1 (state: 7.6-to-1)
> Median household income: $91,074 (state: $81,275)
> Median home value: $449,200 (state: $615,300)
> Home ownership rate: 56.0% (state: 58.9%)
> Location: Hawaii County
> Population: 11,908

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Idaho: Ammon
> Home value to income ratio: 3.0-to-1 (state: 3.8-to-1)
> Median household income: $67,545 (state: $55,785)
> Median home value: $199,400 (state: $212,300)
> Home ownership rate: 74.1% (state: 70.0%)
> Location: Bonneville County
> Population: 15,859

Royalbroil / Wikimedia Commons

Illinois: Roscoe
> Home value to income ratio: 1.8-to-1 (state: 3.0-to-1)
> Median household income: $92,138 (state: $65,886)
> Median home value: $163,000 (state: $194,500)
> Home ownership rate: 77.4% (state: 66.1%)
> Location: Winnebago County
> Population: 10,757

Mingusboodle / Wikimeda Commons

Indiana: Franklin
> Home value to income ratio: 2.2-to-1 (state: 2.5-to-1)
> Median household income: $59,930 (state: $56,303)
> Median home value: $129,200 (state: $141,700)
> Home ownership rate: 67.0% (state: 69.1%)
> Location: Johnson County
> Population: 25,106

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Iowa: Marion
> Home value to income ratio: 2.3-to-1 (state: 2.4-to-1)
> Median household income: $72,150 (state: $60,523)
> Median home value: $168,700 (state: $147,800)
> Home ownership rate: 77.8% (state: 71.1%)
> Location: Linn County
> Population: 39,328

Melissa Bower / Wikimedia Commons

Kansas: Lansing
> Home value to income ratio: 1.9-to-1 (state: 2.5-to-1)
> Median household income: $89,213 (state: $59,597)
> Median home value: $173,000 (state: $151,900)
> Home ownership rate: 73.1% (state: 66.3%)
> Location: Leavenworth County
> Population: 11,900

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Mhuy222 / Wikimedia Commons

Kentucky: Erlanger
> Home value to income ratio: 2.1-to-1 (state: 2.8-to-1)
> Median household income: $64,460 (state: $50,589)
> Median home value: $136,100 (state: $141,000)
> Home ownership rate: 67.6% (state: 67.2%)
> Location: Kenton County
> Population: 18,967

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Louisiana: Estelle
> Home value to income ratio: 2.3-to-1 (state: 3.3-to-1)
> Median household income: $68,051 (state: $49,469)
> Median home value: $157,700 (state: $163,100)
> Home ownership rate: 82.8% (state: 65.6%)
> Location: Jefferson Parish
> Population: 17,968

Maine: Saco
> Home value to income ratio: 3.7-to-1 (state: 3.3-to-1)
> Median household income: $70,517 (state: $57,918)
> Median home value: $258,900 (state: $190,400)
> Home ownership rate: 65.5% (state: 72.3%)
> Location: York County
> Population: 19,497

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Maryland: Friendly
> Home value to income ratio: 2.5-to-1 (state: 3.7-to-1)
> Median household income: $130,577 (state: $84,805)
> Median home value: $320,700 (state: $314,800)
> Home ownership rate: 94.0% (state: 66.9%)
> Location: Prince George’s County
> Population: 10,051

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Massachusetts: Longmeadow
> Home value to income ratio: 2.8-to-1 (state: 4.7-to-1)
> Median household income: $122,035 (state: $81,215)
> Median home value: $343,700 (state: $381,600)
> Home ownership rate: 90.1% (state: 62.4%)
> Location: Hampden County
> Population: 15,791

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Michigan: Allen Park
> Home value to income ratio: 1.8-to-1 (state: 2.7-to-1)
> Median household income: $67,130 (state: $57,144)
> Median home value: $123,800 (state: $154,900)
> Home ownership rate: 84.0% (state: 71.2%)
> Location: Wayne County
> Population: 27,216

McGhiever / Wikimedia Commons

Minnesota: St. Michael
> Home value to income ratio: 2.4-to-1 (state: 3.1-to-1)
> Median household income: $114,015 (state: $71,306)
> Median home value: $270,600 (state: $223,900)
> Home ownership rate: 87.5% (state: 71.6%)
> Location: Wright County
> Population: 17,586

Mississippi: Byram
> Home value to income ratio: 2.1-to-1 (state: 2.6-to-1)
> Median household income: $66,641 (state: $45,081)
> Median home value: $141,700 (state: $119,000)
> Home ownership rate: 70.3% (state: 68.2%)
> Location: Hinds County
> Population: 11,578

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Missouri: Old Jamestown
> Home value to income ratio: 2.0-to-1 (state: 2.8-to-1)
> Median household income: $88,904 (state: $55,461)
> Median home value: $176,800 (state: $157,200)
> Home ownership rate: 92.1% (state: 66.8%)
> Location: St. Louis County
> Population: 19,777

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Montana: Billings
> Home value to income ratio: 3.7-to-1 (state: 4.2-to-1)
> Median household income: $59,656 (state: $54,970)
> Median home value: $221,100 (state: $230,600)
> Home ownership rate: 63.0% (state: 68.1%)
> Location: Yellowstone County
> Population: 109,595

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Nebraska: Chalco
> Home value to income ratio: 1.9-to-1 (state: 2.5-to-1)
> Median household income: $80,896 (state: $61,439)
> Median home value: $153,100 (state: $155,800)
> Home ownership rate: 75.3% (state: 66.1%)
> Location: Sarpy County
> Population: 10,952

Famartin / Wikimedia Commons

Nevada: Spring Creek
> Home value to income ratio: 2.3-to-1 (state: 4.4-to-1)
> Median household income: $99,854 (state: $60,365)
> Median home value: $232,900 (state: $267,900)
> Home ownership rate: 88.7% (state: 56.3%)
> Location: Elko County
> Population: 13,671

New Hampshire: Londonderry
> Home value to income ratio: 3.2-to-1 (state: 3.4-to-1)
> Median household income: $97,596 (state: $76,768)
> Median home value: $310,200 (state: $261,700)
> Home ownership rate: 79.2% (state: 71.1%)
> Location: Rockingham County
> Population: 11,841

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New Jersey: Greentree
> Home value to income ratio: 2.4-to-1 (state: 4.1-to-1)
> Median household income: $137,346 (state: $82,545)
> Median home value: $325,600 (state: $335,600)
> Home ownership rate: 85.9% (state: 63.9%)
> Location: Camden County
> Population: 11,262

Simon Foot / Flickr

New Mexico: Carlsbad
> Home value to income ratio: 2.0-to-1 (state: 3.4-to-1)
> Median household income: $69,193 (state: $49,754)
> Median home value: $141,300 (state: $171,400)
> Home ownership rate: 67.8% (state: 67.7%)
> Location: Eddy County
> Population: 29,158

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New York: Fairmount
> Home value to income ratio: 1.9-to-1 (state: 4.6-to-1)
> Median household income: $69,875 (state: $68,486)
> Median home value: $130,400 (state: $313,700)
> Home ownership rate: 77.3% (state: 53.9%)
> Location: Onondaga County
> Population: 10,092

Southern Foodways Alliance / Flickr

North Carolina: Lewisville
> Home value to income ratio: 2.5-to-1 (state: 3.2-to-1)
> Median household income: $78,464 (state: $54,602)
> Median home value: $195,400 (state: $172,500)
> Home ownership rate: 86.0% (state: 65.2%)
> Location: Forsyth County
> Population: 13,861

Andrew Filer from Seattle (ex-Minneapolis) / Wikimedia Commons

North Dakota: Williston
> Home value to income ratio: 2.8-to-1 (state: 3.0-to-1)
> Median household income: $84,710 (state: $64,894)
> Median home value: $238,700 (state: $193,900)
> Home ownership rate: 46.1% (state: 62.4%)
> Location: Williams County
> Population: 27,250

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Ohio: South Euclid
> Home value to income ratio: 1.6-to-1 (state: 2.6-to-1)
> Median household income: $61,078 (state: $56,602)
> Median home value: $100,200 (state: $145,700)
> Home ownership rate: 72.4% (state: 66.1%)
> Location: Cuyahoga County
> Population: 21,572

Oklahoma: Glenpool
> Home value to income ratio: 2.1-to-1 (state: 2.6-to-1)
> Median household income: $67,703 (state: $52,919)
> Median home value: $139,000 (state: $136,800)
> Home ownership rate: 73.8% (state: 65.6%)
> Location: Tulsa County
> Population: 13,666

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Oregon: Sandy
> Home value to income ratio: 3.8-to-1 (state: 5.0-to-1)
> Median household income: $73,443 (state: $62,818)
> Median home value: $281,300 (state: $312,200)
> Home ownership rate: 73.1% (state: 62.4%)
> Location: Clackamas County
> Population: 11,070

Leepaxton / Wikimedia Commons

Pennsylvania: Plum
> Home value to income ratio: 2.0-to-1 (state: 2.9-to-1)
> Median household income: $78,709 (state: $61,744)
> Median home value: $153,700 (state: $180,200)
> Home ownership rate: 79.6% (state: 68.9%)
> Location: Allegheny County
> Population: 27,195

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Rhode Island: Valley Falls
> Home value to income ratio: 2.9-to-1 (state: 3.9-to-1)
> Median household income: $83,090 (state: $67,167)
> Median home value: $239,000 (state: $261,900)
> Home ownership rate: 67.7% (state: 60.8%)
> Location: Providence County
> Population: 11,882

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South Carolina: Irmo
> Home value to income ratio: 1.9-to-1 (state: 3.1-to-1)
> Median household income: $66,313 (state: $53,199)
> Median home value: $125,000 (state: $162,300)
> Home ownership rate: 76.2% (state: 69.4%)
> Location: Richland County
> Population: 12,215

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South Dakota: Pierre
> Home value to income ratio: 2.8-to-1 (state: 2.9-to-1)
> Median household income: $62,192 (state: $58,275)
> Median home value: $175,600 (state: $167,100)
> Home ownership rate: 64.7% (state: 67.8%)
> Location: Hughes County
> Population: 13,961

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Tennessee: Bartlett
> Home value to income ratio: 2.2-to-1 (state: 3.1-to-1)
> Median household income: $84,688 (state: $53,320)
> Median home value: $185,100 (state: $167,200)
> Home ownership rate: 85.2% (state: 66.3%)
> Location: Shelby County
> Population: 59,102

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Texas: Nederland
> Home value to income ratio: 1.7-to-1 (state: 2.8-to-1)
> Median household income: $79,903 (state: $61,874)
> Median home value: $132,700 (state: $172,500)
> Home ownership rate: 72.2% (state: 62.0%)
> Location: Jefferson County
> Population: 17,357

Ntsimp / Wikimedia Commons

Utah: West Point
> Home value to income ratio: 2.7-to-1 (state: 3.9-to-1)
> Median household income: $92,655 (state: $71,621)
> Median home value: $254,500 (state: $279,100)
> Home ownership rate: 91.3% (state: 70.2%)
> Location: Davis County
> Population: 10,615

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Public Domain / Wikimedia Commons

Vermont: Essex Junction
> Home value to income ratio: 3.7-to-1 (state: 3.7-to-1)
> Median household income: $80,019 (state: $61,973)
> Median home value: $298,200 (state: $227,700)
> Home ownership rate: 65.4% (state: 70.8%)
> Location: Chittenden County
> Population: 10,603

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Virginia: Brandermill
> Home value to income ratio: 2.5-to-1 (state: 3.7-to-1)
> Median household income: $101,426 (state: $74,222)
> Median home value: $257,000 (state: $273,100)
> Home ownership rate: 69.2% (state: 66.3%)
> Location: Chesterfield County
> Population: 13,836

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Washington: West Richland
> Home value to income ratio: 2.7-to-1 (state: 4.6-to-1)
> Median household income: $99,817 (state: $73,775)
> Median home value: $270,500 (state: $339,000)
> Home ownership rate: 84.1% (state: 63.0%)
> Location: Benton County
> Population: 14,495

Jon Dawson / Flickr

West Virginia: Weirton
> Home value to income ratio: 1.9-to-1 (state: 2.6-to-1)
> Median household income: $49,496 (state: $46,711)
> Median home value: $94,800 (state: $119,600)
> Home ownership rate: 67.0% (state: 73.2%)
> Location: Hancock County
> Population: 18,670

Wikimedia Commons

Wisconsin: Harrison
> Home value to income ratio: 2.1-to-1 (state: 2.9-to-1)
> Median household income: $107,225 (state: $61,747)
> Median home value: $223,300 (state: $180,600)
> Home ownership rate: 96.6% (state: 67.0%)
> Location: Calumet County
> Population: 12,009

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Wyoming: Gillette
> Home value to income ratio: 2.7-to-1 (state: 3.4-to-1)
> Median household income: $79,789 (state: $64,049)
> Median home value: $216,400 (state: $220,500)
> Home ownership rate: 69.9% (state: 70.4%)
> Location: Campbell County
> Population: 32,857

Methodology:

To determine the least expensive place to live in every state, 24/7 Wall St. reviewed five-year data on median home value and median household income from the U.S. Census Bureau’s 2019 American Community Survey. Cities, towns, villages, and census-designated places were ranked based on the ratio of median home value to median household income. Places with the lowest ratio of median home value to median household income were considered the least expensive. Supplemental data on poverty rate, homeownership rate, and population also came from the 2019 ACS.

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