Best Affordable Places to Live in Alabama in 2025
Best Affordable Places to Live in Alabama in 2025
(Last Updated – 03/2025)
It’s easy to understand why people are attracted to Alabama, with its beautiful beaches, delicious barbecue, college football dominance, and amazing history. But Alabama is also a good place if you’re looking for a state with affordable homes and a lower cost of living in general.
Alabama’s cost of living ranks 5th lowest in the US, according to the most recent data, meaning there’s a good chance that you’ll find an affordable lifestyle if you head to this southern state. Read on to learn the details of some of the best cities and towns for families, young professionals, retirees, and more.
Alabamans pay some of the lowest property taxes in the country. And unemployment in Alabama, which has hovered just above 2% for most of 2023, is also lower than the national average.
Best Places to Live in Alabama
Whether you’re looking for a buzzy downtown vibe, a cool college town, or an historic waterfront city, you should be able to find your fit in Alabama. There are plenty of educational, cultural, and just plain fun attractions to enjoy.
Wondering where you can get the most of what Alabama has to offer at a manageable cost? Read on for our roundup of some of the best places to live in Alabama.
💡 Quick Tip: SoFi Home Loans are available with flexible term options and down payments as low as 3%.*
Best Affordable Places to Live in Alabama
According to the MERIC (Missouri Economic Research and Information Center) Index, which ranks the cost of living by state, Alabama has a 12% lower cost of living than the U.S. average. That makes it more affordable than most Southern states (with the exception of Mississippi).
Here are some of the most affordable places in Alabama to live.
1. Mobile
Photo credit: iStock/Cavan Images
If you’re searching for a city that truly looks and feels “Southern,” Mobile is a place to check out. History buffs, outdoor enthusiasts, theater fans, and more will find plenty to do in Mobile. And yet, despite all the city has to offer, the cost of living is low, and homes are relatively inexpensive.
Population: 182,595
Median Household Income: $51,090
Cost of Living: 96% of the U.S. average
Average Rent Price: $1,350
Home Price-to-Income Ratio: 3.64
2. Birmingham
Photo credit: iStock/SeanPavonePhoto
Birmingham is a popular destination for its history, but you might choose to live in this dynamic city if you’re into the arts, sports, or if you love festivals. The city has a wide range of home prices, and affordable homes are available. Plus the overall cost of living in Birmingham is low enough that you might be able to put more toward a house payment than you would in some other areas.
Population: 196,644
Median Household Income: $44,376
Cost of Living: 91% of the U.S. average
Average Rent Price: $1,200
Home Price-to-Income Ratio: 2.84
3. Montgomery
Photo credit: iStock/Kruck20
Montgomery is yet another Alabama city steeped in history. You’ll also find a lovely and lively waterfront entertainment district that offers something for just about anyone. And the city is just a car ride away from the beach, and Atlanta, and any other hotspots you want to visit. Plus the cost of living in Montgomery is much lower than the national average, so homebuyers likely won’t have to struggle to find a place they can afford.
Population: 195,287
Median Household Income: $55,687
Cost of Living: 84% of the U.S. average
Average Rent Price: $1,250
Home Price-to-Income Ratio: 2.52
Best Places to Live in Alabama for Families
Looking for a family-friendly place to live? You’ll find it in one of these cities, along with good schools, abundant recreation opportunities, and affordable housing costs.
1. Madison
Madison is a growing Huntsville suburb that’s known for its family focus. You can hang out in town, enjoy the great outdoors, or take a short trip to the city for more fun. The cost of living in Madison is higher than the overall cost of living in Alabama, but it’s lower than the national average.
Population: 60,854
Median Household Income: $131,436
Cost of Living: 83% of the U.S. average
Average Rent Price: $1,870
Home Price-to-Income Ratio: 2.81
2. Meadowbrook
If you’re looking for a home in the ‘burbs of Birmingham, Meadowbrook could be for you. Home costs may be higher than in many parts of Alabama, but a reasonable commute will make this spot attractive. Families also find the good schools here appealing.
Newbie buyers can check out first-time homebuyer programs in Alabama to see what kind of help might be available.
Population: 9,688
Median Household Income: $145,464
Cost of Living: 83% of the U.S. average
Average Rent Price: $2,413
Home Price-to-Income Ratio: 2.99
Recommended: Mortgage Prequalification vs Preapproval
3. Helena
Photo credit: iStock/JRainesWDE
Helena has a rural, small-town feel. Whether you’re a hiker, a history buff, a music fan, or even a scuba diver, you can find plenty of activities to keep your family busy without dropping a bundle.
You may want to explore different types of mortgage loans to see which one might be the best option for your home-buying needs.
Population: 22,117
Median Household Income: $109,590
Cost of Living: 83% of U.S. average
Average Rent Price: $1,683
Home Price-to-Income Ratio: 3.12
💡 Quick Tip: Lowering your monthly payments with a mortgage refinance from SoFi can help you find money to pay down other debt, build your rainy-day fund, or put more into your 401(k).
Best Places to Live in Alabama for Young Adults
Alabama has plenty to offer young adults, including vibrant cities, entertainment venues, college sports, and cultural attractions.
1. Tuscaloosa
Photo credit: iStock/traveler1116
Looking for a beautiful community with a vibrant nightlife? You may want to put Tuscaloosa on your list. The city, which is the home of the University of Alabama, offers sports, culture, education, and more. And it’s affordable, which can be a real plus if you’re a first-time homebuyer.
Population: 111,338
Median Household Income: $48,536
Cost of Living: 86% of U.S. average
Average Rent Price: $1,500
Home Price-to-Income Ratio: 4.48
2. Daphne
Photo credit: iStock/George Dodd
Young adults who enjoy beach life and socializing will like Daphne, which is located on Mobile Bay and has a lively nightlife and lots of outdoor activities. Home costs in Daphne are surprisingly affordable for a place that’s so close to the water.
Homes in Daphne are not inexpensive, and prices are rising. But it may be easier for frugal house hunters to qualify for a mortgage in some neighborhoods more than others. With its proximity to the beach and other amenities, you might decide living in Daphne is right for you
Population: 30,321
Median Household Income: $86,479
Cost of Living: 88% of the U.S. average
Average Rent Price: $1,900
Home Price-to-Income Ratio: 3.69
3. Vestavia Hills
Photo credit: Wikimedia Commons/Sharon Phelan Evans , Creative Commons Attribution-ShareAlike 3.0 Unported
Conveniently located between Birmingham and Hoover, the suburb of Vestavia Hills has plenty to offer — including shopping, coffee shops, restaurants, and several wineries. Home prices can be high, though, so keep that in mind if you’re drawn to this area.
Vestavia Hills is a charming community, but you may have to do a little legwork to find a home that’s in your price range. It might be helpful to go through the mortgage preapproval process before you begin your search, so you’ll know what you can afford.
Population: 38,020
Median Household Income: $129,171
Cost of Living: 95% of U.S. average
Median Rent Price: $1,895
Home Price-to-Income Ratio: 3.99
Best Places to Live in Alabama for Retirees
With its warm climate, community-oriented towns, and affordable housing prices, Alabama can be an inviting place to spend your retirement years. These are some of the best places to live in Alabama for retirees.
1. Prichard
Photo credit: Wikimedia Commons/Michael Rivera , Creative Commons Attribution-ShareAlike 4.0 International
Prichard is a suburb of Mobile, which means you can get all the advantages of living near a big city without having to deal with the traffic every day. Home costs are low here, even though it’s near Mobile Bay and several other more expensive communities.
Bargain hunters, get ready! The average Prichard home value is approximately $51,000, and the area’s home price-to-income ratio sits at just 1.45.
Population: 18,816
Median Household Income: $35,331
Cost of Living: 86% of the U.S. average
Average Rent Price: $995
Home Price-to-Income Ratio: 1.45
2. Midfield
Midfield is a community-oriented suburb just a few miles south of Birmingham. It’s an easy place for retirees to settle into, with convenient grocery stores and churches, and plenty of outdoor activities.
Population: 5,101
Median Household Income: $51,776
Cost of Living: 87% of the U.S. average
Average Rent Price: $1,200
Home Price-to-Income Ratio: 1.53
3. Tuskegee
Photo credit: iStock/sshepard
City slickers, nature lovers, and history buffs will find something to like in Tuskegee. It’s anchored by the well-known university, which brings events to campus. You can enjoy all the town has to offer and stay on budget thanks to affordable home prices.
Population: 8,765
Median Household Income: $38,160
Cost of Living: 85% of the U.S. average
Median Rent Price: $592
Home Price-to-Income Ratio: 2.03
Best Places to Live in Alabama Near the Water
If you’re looking for property on or near the water, Alabama has not just the ocean, but also lakes to choose from.
1. Gulf Shores
Photo credit: iStock/Veni
Because it’s on the beach, people typically think of Gulf Shores as a vacation spot. But it can be a lovely place to live year-round. There are lots of shops, restaurants, and a state park to enjoy. Some neighborhoods are more expensive than others, so if this is your target area, be ready for a high monthly payment, whether you plan to rent or buy.
Gulf Shores is known for fun by the beach — not necessarily for low home prices. But if you want to live by the ocean, a home purchase or rental in this coastal community could cost you much less than a waterfront home in many other states. And a jumbo mortgage loan could be worth exploring if you find your dream house.
Population: 16,850
Median Household Income: $73,873
Cost of Living: 96% of the U.S. average
Average Rent Price: $2,250
Home Price-to-Income Ratio: 6.10
2. Guntersville
Photo credit: iStock/HildeAnna
If you’re looking for waterfront property but can’t afford to be near the ocean, Guntersville could be a worthy alternative. It sits on Alabama’s largest lake, and along with fishing, sailing, and other watersports, residents can enjoy the town’s museums, festivals, and the theater.
As your real estate hunt proceeds, if you decide to target this area, the resources in a home loan help center might be helpful as you shop for the right mortgage.
Population: 9,028
Median Household Income: $67,448
Cost of Living: 80.5% of the U.S. average
Average Rent Price: $1,800
Home Price-to-Income Ratio: 4.21
3. Alexander City
Photo credit: Flickr/Jimmy Emerson, DVM , Creative Commons Attribution-NonCommercial-NoDerivs 2.0
Alexander City is a vibrant and affordable community that sits on the shores of Lake Marshall. It has lovely water views, along with shops, restaurants, museums, and parks, so there’s always something to do.
Population: 14,470
Median Household Income: $42,367
Cost of Living: 81% of U.S. average
Median Rent Price: $750
Home Price-to-Income Ratio: 4.09
The Takeaway
If you’re drawn to the idea of living in the South and all it has to offer, Alabama could be a “sweet home” for you. As you begin your house hunt, you’ll find that each community has a little something different to offer, and home prices can vary significantly from one neighborhood to the next. However, with a cost of living below the national average, you may be able to snag an affordable lifestyle in many parts of the state.
Looking for an affordable option for a home mortgage loan? SoFi can help: We offer low down payments (as little as 3% - 5%*) with our competitive and flexible home mortgage loans. Plus, applying is extra convenient: It's online, with access to one-on-one help.
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FAQ
Where is the most affordable place to live in Alabama?
Many areas in Alabama offer extremely affordable home and rental prices. Prichard, Helena, and Montgomery have some of the lowest home price-to-income ratios.
Where is the nicest place to live in Alabama?
Everyone has their own idea of “nice,” but the cities and towns near Mobile Bay are among the most popular places to live in Alabama. They also tend to be the most expensive.
What is the least expensive county in Alabama?
Covington and Madison counties have some of the least expensive homes in the state. However, the cost of living in Alabama is below the national average, so you may be able to find relative bargains in many locations.
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Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.
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Is 520 a Good Credit Score?
Is 520 a Good Credit Score?
A credit score of 520 is considered poor and is far below the average American’s credit score of 715. You may find it a challenge to get approved for a loan or credit card with that score. However, it’s important to know that a poor credit score isn’t permanent — you can raise it.
Read on for more information about what a 520 credit score means, how it impacts your chances of getting loans and credit cards, and ways to build your score.
Key Points
• A credit score of 520 is poor, below the average American score of 715.
• Challenges include difficulty in loan and credit card approvals, with higher interest rates and fees.
• Improving a 520 score involves on-time payments, low credit utilization, and maintaining old accounts.
• Disputing inaccuracies and becoming an authorized user on a loved one’s credit card may help boost your score.
• A poor credit score limits borrowing options and may require putting down a deposit or adding a cosigner.
What Does a 520 Credit Score Mean?
Before we dive into whether 520 is a good or bad credit score, it’s important to understand what a credit score is. This three-digit number communicates to lenders how well you’ve used debt in the past and how likely you are to repay a loan on time. Your score is calculated based on data found in your credit reports, which are created by the three major credit bureaus: Experian, Equifax, and TransUnion.
Certain pieces of information on your credit report carry more weight than others when it comes to your credit score. The information that affects your score typically includes:
• Your payment history
• Outstanding balances
• Length of your credit history
• Applications for new credit accounts
• Your credit mix
A credit score is categorized from poor to excellent, and credit score ranges vary depending on the scoring model used. In this article, we’ll focus on FICO®, which is used in 90% of lending decisions. FICO Scores are as follows:
• 300-579: Poor
• 580-669: Fair
• 670-739: Good
• 740-799: Very good
• 800-850: Excellent
As you can see, a 520 credit score is considered a bad credit score, and it falls into the lowest range.
If you want to repair your credit profile, a good place to start is to check your credit score. You can ask your bank, Experian, credit card company or lender, or a credit counselor if you can view your score at no charge. You may also have access to this information if you have a money management app.
Recommended: FICO Score vs. Credit Score: What’s the Difference?
How to Build Your Credit Score
Building up your credit score takes time, but it can help ensure you’ll pay less in borrowing costs. Here are some actions you can take:
• Make on-time payments: Making timely payments consistently is one of the most important ways to boost your score.
• Avoid applying for multiple credit cards or loans in a short time frame: Every time you apply for credit, your lender will run a hard inquiry. Each inquiry dings your credit score by a few points, but the dip is temporary. Instead, ask your lender if they offer prequalification. It typically requires a soft credit check, but that won’t impact your score.
• Pay down revolving account balances: Be mindful of how much of your available credit you’re using, also referred to as your utilization rate. A good rule of thumb is to try to keep your rate below 30%.
• Don’t close old accounts: Closing older, more established credit cards can hurt your credit score, so consider keeping those accounts open — even after you pay off your debts.
• Diversify credit: Managing different types of credit, such as a student loan, auto loan, or mortgage, can take your credit score up a notch. But don’t take on more credit just to build it, especially if you have a low credit score.
• Dispute inaccuracies: Check your credit report regularly and look for inaccuracies. If you find an error, dispute it.
• Become an authorized user: A family member or other loved one can add you as an authorized user on their credit card to boost your score. Note that the account should have a history of on-time payments and a low credit utilization rate.
What Else Can You Get with a 520 Credit Score?
Yes, a credit score of 520 isn’t great. But will it prevent you from qualifying for credit cards, auto loans, mortgages, and personal loans? Let’s dive in.
Can I Get a Credit Card with a 520 Credit Score?
The good news: There’s no minimum score required to get a credit card. The not-so-good news: With a 520 credit score, you may have to pay higher-than-average rates and fees in order to qualify. Another option is to put down a deposit to obtain your card.
“Putting down a deposit” means you get a secured credit card. The deposit is usually equal to your credit limit, and it acts as collateral when you make a purchase. The lender can take your deposit if you fail to make your payments on time or if you default on your loan.
After successfully using a secured credit card, you may eventually graduate to an unsecured credit card that doesn’t require a deposit. They’re more difficult to qualify for than secured cards, and credit card companies screen applicants more heavily to ensure you’ll be a good borrower.
Once you’re able to boost your credit score, you may be able to qualify for a credit card consolidation loan. (Lenders generally want borrowers to have a score of 670 or higher, but there’s no minimum score to get approved.) These types of loans can be useful if you want to streamline bill paying and work on paying down balances on high-interest credit cards.
Can I Get an Auto Loan with a 520 Credit Score?
Is a 520 credit score car loan possible? Maybe. According to Experian data from 2024, just 14% of borrowers with a subprime score (501-600 credit score) qualified for an auto loan.
Typically, you need a 600 credit score to get a traditional auto loan, though you could find lenders that offer bad credit auto loans. However, you may pay more in interest over time for your auto loan with a lower credit score. The average average annual percentage rate (APR) for borrowers with a 520 credit score is 13.00%, per Experian. Those with a credit score of 781 and higher had an average APR of 5.08%.
With a credit score of 520, you might find it easier to get a car loan if you add a cosigner. While you both are responsible for paying back the loan, the cosigner doesn’t own your car.
Recommended: What Is the Responsibility of a Cosigner on a Loan?
Can I Get a Mortgage with a 520 Credit Score?
While lending criteria varies by lender, most prefer that borrowers have a 620 credit score or higher. That said, the type of loan you’re seeking also plays a role.
• Conventional loan: A conventional loan is not backed by the federal government, and you typically need to have a 620 or 660 credit score to qualify for a one.
• FHA loan: This type of mortgage loan is backed by the Federal Housing Administration, meaning that it insures mortgages for single and multifamily homes. You can qualify for an FHA loan with a credit score as low as 500 as long as you have a 10% down payment. Otherwise, the minimum is generally a credit score of 580 and a 3.5% down payment.
• VA loan: These mortgages are backed by the Veterans Administration (VA), a government agency. The VA guarantees a portion of the loan, which enables you to receive a more favorable interest rate. There’s no official credit score minimum requirement, but lenders generally want to see a credit score that’s at least in the 620-640 range.
• USDA loans: In order to qualify for these loans, borrowers must meet certain requirements. There’s no official credit score minimum requirement, but lenders generally prefer borrowers to have a minimum 640 credit score.
Talk to your bank or credit union to learn more about how to qualify for a mortgage loan and learn more about the average credit score to buy a house.
Can I Get a Personal Loan with a 520 Credit Score?
Personal loans are usually installment loans that come from banks, credit unions, and private lenders that you repay in equal monthly payments until you fully pay off your loan. You may use your personal loan for medical bills, home or car repairs, or other large expenses.
Many lenders require you to have a minimum credit score of 600-640 to qualify for a personal loan, but you may find personal loans with a 520 credit score. However, in those cases, you’ll likely pay a higher interest rate. Use our personal loan calculator to determine how much your monthly payments would be based on the loan amount you’re seeking and the terms and rates you’re offered.
The Takeaway
Is a 520 credit score bad? Unfortunately, it falls in the “poor” category. However, you still may be able to qualify for certain loans and credit cards, though you may not qualify for the best terms. If possible, focus on building your credit score by making on-time payments, keeping your utilization rate below 30%, and leaving older accounts open. Doing so can help boost your score and increase the odds you’re approved for a credit card or loan.
Think twice before turning to high-interest credit cards. Consider a SoFi personal loan instead. SoFi offers competitive fixed rates and same-day funding. See your rate in minutes.
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SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.
Disclaimer: Many factors affect your credit scores and the interest rates you may receive. SoFi is not a Credit Repair Organization as defined under federal or state law, including the Credit Repair Organizations Act. SoFi does not provide “credit repair” services or advice or assistance regarding “rebuilding” or “improving” your credit record, credit history, or credit rating. For details, see the FTC’s website .
Non affiliation: SoFi isn’t affiliated with any of the companies highlighted in this article.
Third-Party Brand Mentions: No brands, products, or companies mentioned are affiliated with SoFi, nor do they endorse or sponsor this article. Third-party trademarks referenced herein are property of their respective owners.
Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.
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Read moreWest Virginia: Best Affordable Places to Live
Best Affordable Places to Live in West Virginia in 2025
By Bob Haegele
(Last Updated – 03/2025)
West Virginia is the state with the lowest cost of living as of 2024, according to research compiled by the Missouri Economic Research and Information Center (MERIC). One of the main drivers of West Virginia’s low cost of living is housing, according to MERIC’s data.
However, cost is not the only factor that matters when deciding where to live. In addition to cost, this list took into consideration things like culture, family-friendly features, public transportation, and entertainment. Take a closer look at these affordable and enjoyable spots to live in West Virginia.
Best Places to Live in West Virginia
As one of the most affordable states in the country, West Virginia has a lot to offer its 1.77 million residents for the price. However, this list breaks it down by more than just affordability, as everyone has different priorities and life circumstances. Below, you will find the best cities and towns in West Virginia for different groups, including families, young adults, and retirees.
💡 Quick Tip: When house hunting, don’t forget to lock in your home mortgage loan rate so there are no surprises if your offer is accepted.
Best Affordable Places to Live in West Virginia
As one of the lowest cost-of-living states in the country, West Virginia has numerous cities and towns that are affordable for their residents. People often equate West Virginia with cities like Morgantown and Charleston. However, there are lots of smaller cities and towns in the state, and they are great places to live without being too expensive.
1. Weirton
Photo credit: Flickr/Jon Dawson , Creative Commons Attribution-NoDerivs 2.0 Generic
Considered one of the best affordable places to live in West Virginia, Weirton is located along the Ohio River, nestled between the borders of Ohio and Pennsylvania. There is no shortage of things to do in Weirton, with many museums, shops, and restaurants in town. Its location on the river also means it’s a great place to explore the outdoors. Families will appreciate that the public schools in Weirton are above average.
With a home price-to-income ratio of 2.35, Weirton is an affordable place to buy for the first-time homebuyer.
Population: 18,386
Median Household Income: $56,699
Cost of Living: 87.3% of U.S. average
Average Rent Price: $750
Home Price-to-Income Ratio: 2.35
2. Clarksburg
Photo credit: iStock/ChrisBoswell
Clarksburg is located in the north-central part of the state along the West Fork River. Residents of the city can experience restaurants, historic buildings and homes, and outdoor activities like golf, hiking, and waterparks. The city is a good place to live overall, with high-quality housing and vibrant nightlife. Clarksburg is also a good place to raise a family.
Population: 15,489
Median Household Income: $46,859
Cost of Living: 77.2% of U.S. average
Median Rent Price: $900
Home Price-to-Income Ratio: 2.39
3. Charleston
Photo credit: iStock/Wirestock
Charleston is the capital of and most populous city in West Virginia. The city is also located along the Kanawha River and the Elk River. Charleston residents can enjoy plenty of enjoyable activities, including museums, festivals, restaurants, and a minor league baseball team. Also, there are regular events held at the Charleston Coliseum & Convention Center.
Population: 46,838
Median Household Income: $64,512
Cost of Living: 81.3% of U.S. average
Average Rent Price: $887
Home Price-to-Income Ratio: 2.38
💡 Quick Tip: Generally, the lower your debt-to-income ratio, the better loan terms you’ll be offered. One way to improve your ratio is to increase your income (hello, side hustle!). Another way is to consolidate your debt and lower your monthly debt payments.
Best Places to Live in West Virginia for Families
Families thinking about moving to West Virginia will have a different set of considerations: Activities for kids, affordable family-size homes, and the quality of the educational system will all be important. These cities and towns are among the best places to live for families in West Virginia.
1. Weirton
If you are raising a family, Weirton pops up again on this list. As noted earlier, this is among the lowest cost-of-living towns in the state, so you won’t have to worry about exorbitant prices, either. And parents will appreciate its above-average schools and recreation options for their kids.
Population: 18,386
Median Household Income: $56,699
Cost of Living: 87.3% of U.S. average
Average Rent Price: $750
Home Price-to-Income Ratio: 2.35
2. Moundsville
Photo credit: iStock/BackyardProduction
Moundsville is located on the Ohio River near the Pennsylvania border. It has plenty of places for families to explore: It’s home to the largest conical burial ground in North America and Grand View Park, where residents can enjoy outdoor activities. The city is a good place to raise a family thanks to a low cost of living and quality housing. Parents also appreciate the local school system, and the town of 7,000-plus rates well for job prospects.
If you are thinking of buying a home in Moundsville, it can be wise to learn the difference between mortgage prequalification vs. preapproval, so you can get the ball rolling.
Population: 7,724
Median Household Income: $48,590
Cost of Living: 75.1% of U.S. average
Average Rent Price: $750
Home Price-to-Income Ratio: 2.42
3. Nitro
Nitro is a city on the Kanawha River, about 20 minutes from Charleston. While Charleston is affordable, prices are even lower in Nitro. It’s also an all-around good place to live, with an array of housing options and a low cost of living. Families may especially appreciate its strong school system. With its name coming from the World War I era, Nitro is considered a living World War I memorial. You can learn about the city’s connection to World War I at the Nitro War Museum.
Population: 6,426
Median Household Income: $52,247
Cost of Living: 81.3% of U.S. average
Average Rent Price: $950
Home Price-to-Income Ratio: 2.54
Best Places to Live in West Virginia for Young Adults
Young adults have a unique set of priorities.Those might include a strong job market, a thriving nightlife, and lots of things to do. The cities in this section have many of the things young adults are looking for.
1. Barboursville
Looking for one of the best places to live in West Virginia if you’re a young adult? Consider Barboursville, a village conveniently located next to I-64 in Cabell County. The village is part of the Huntington metropolitan area. Like Huntington, Barboursville is near the borders of Ohio and Kentucky. Barboursville is one of the best places to live in West Virginia overall, but young adults might feel especially at home here thanks to its great nightlife, low cost of living, and access to health and fitness facilities. It also has short commute times.
If you’re ready to jump into the housing market, getting preapproved for a loan may help. You may want to learn about the mortgage preapproval process, which could give you an edge.
Population: 4,394
Median Household Income: $59,531
Cost of Living: 79% of U.S. average
Average Rent Price: $593
Home Price-to-Income Ratio: 3.25
2. Charleston
Photo credit: iStock/DenisTangneyJr
Charleston makes the list again, this time as one of the best places for young adults in the state. The city has a good job market, a great nightlife scene, and a low cost of living. It’s also a good city for outdoor activities, and many residents enjoy the healthy lifestyle that results.
If you’re thinking of putting down roots in this city, first-time homebuyer programs in West Virginia can help you afford the purchase of a property.
Population: 46,838
Median Household Income: $64,512
Cost of Living: 81.3% of U.S. average
Average Rent Price: $887
Home Price-to-Income Ratio: 2.38
3. Bridgeport
Photo credit: Wikimedia Commons/Andre Carrotflower , Creative Commons Attribution-ShareAlike 4.0 International
Bridgeport is located in the north-central part of the state, just east of Clarksburg. One of the fastest-growing cities in the state, it stands out for its excellent job market. It also has a solid selection of nightlife and outdoor activities, as well as excellent health and fitness facilities.
If you need a mortgage in Bridgeport, consider these tips to qualify for a mortgage. You may also note that rents are higher in Bridgeport than in some other towns on this list.
Population: 9,377
Median Household Income: $99,936
Cost of Living: 77.2% of U.S. average
Average Rent Price: $1,350
Home Price-to-Income Ratio: 2.83
Best Places to Live in West Virginia for Retirees
Retirees have different priorities than families and young adults. For instance, it might be important for them to connect with other seniors in the area, access entertainment, or enjoy low taxes. With these factors in mind, the following are some of the best places in West Virginia for retirees.
1. Bluefield
Photo credit: Flickr/Dizzy Girl , Creative Commons Attribution-NonCommercial-NoDerivs 2.0 Generic
Bluefield makes another appearance on this list, here as a great place for retirees for several reasons. For one, property tax in the city is low. In addition, West Virginia phased out state Social Security taxes. Also, people 65 and older make up a significant portion of the city’s population at about 20%.
With such a low cost of living, if you decide to buy in Bluefield, it’s highly unlikely that you would need a jumbo mortgage loan.
Population: 9,272
Median Household Income: $43,826
Cost of Living: 71.5% of U.S. average
Average Rent Price: $738
Home Price-to-Income Ratio: 2.44
Recommended: Home Loan Help Center
2. Weirton
Yes, it’s Weirton on our list again. Almost a quarter of the population is 65 and over in Weirton, so those in or nearing retirement should have plenty of peers to hang out with. The city has lots to do with museums and restaurants, plus walking paths and bike trails. Overall, the cost of living is quite low, making it an attractive place to retire.
Population: 18,386
Median Household Income: $56,699
Cost of Living: 87.3% of U.S. average
Average Rent Price: $750
Home Price-to-Income Ratio: 2.35
3. Dunbar
Dunbar is a good place to retire, whether you want things to do or just relax. With easy access to Charleston and South Charleston, there are many things to see and do within reach. There are parks, museums, burial mounds, and other attractions. Plus, Dunbar’s overall cost of living is low, although rents have been rising.
Population: 7,163
Median Household Income: $54,647
Cost of Living: 81.3% of U.S. average
Average Rent Price: $1,300
Home Price-to-Income Ratio: 2.20
Best Places to Live in West Virginia Near the Water
1. Fairmont
Photo credit: iStock/DenisTangneyJr
Fairmont is located in north-central West Virginia, and its history dates back to the 18th century. Downtown Fairmont is on the Monongahela River, and the West Fork River meets the Monongahela not far from downtown. However, you’ll want to go a little farther out to Valley Falls State Fork if you want to get the best look at the water. The park has 18 miles of hiking trails, and you can fish and kayak in the river.
Population: 18,155
Median Household Income: $60,791
Cost of Living: 77.5% of U.S. average
Average Rent Price: $1,071
Home Price-to-Income Ratio: 2.64
2. Parkersburg
Photo credit: iStock/DenisTangneyJr
Parkersburg is the fourth-largest city in West Virginia and sits at the confluence of the Little Kanawha and Ohio rivers. As one of the larger cities in West Virginia, there is a lot to do in Parkersburg. For instance, you can take a ferry from Point Park to Blennerhassett Island Historical State Park and visit the Blennerhassett Mansion. You can also visit the WineTree Vineyards or see a performance at the Smoot Theater.
If you decide to buy in Parkersburg and take out a mortgage with a high rate, a mortgage refinance could help later if interest rates dip.
Population: 29,025
Median Household Income: $44,675
Cost of Living: 77.9% of U.S. average
Average Rent Price: $985
Home Price-to-Income Ratio: 3.10
3. Fayetteville
Photo credit: iStock/Eifel Kreutz
You can’t miss Fayetteville if you want to be near the water, as it’s not too far from New River Gorge National Park and Preserve. The park features the New River Gorge Bridge, which is right next to Fayetteville. It crosses the New River into Lansing. Activities in or near the river and state park include white-water rafting, ziplining, and ATV tours. Beyond outdoor adventures, the town has plenty of shops, restaurants, and bars to keep residents entertained.
Population: 2,864
Median Household Income: $59,659
Cost of Living: 74% of U.S. average
Average Rent Price: $550
Home Price-to-Income Ratio: 2.98
The Takeaway
West Virginia is known for many things — not only the Appalachian Mountains and its coal-mining history, but also its low cost of living. In fact, it was recently rated the most affordable state in the U.S. West Virginia has a large number of cities and towns to call home, as well as being a prime place to explore the outdoors. People moving to West Virginia can likely find an affordable home plus a satisfying quality of life.
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FAQ
What is the most affordable place to live in West Virginia?
West Virginia has many affordable places to live, but two examples are Bluefield and Fayetteville. The cost of living indexes in these cities are 71.5% and 74% of the U.S. average respectively.
Is it cheaper to live in West Virginia or North Carolina?
The cost of living varies by state as well as by where you live in your state. However, North Carolina tends to be more expensive than West Virginia. Using the most recent MERIC data, West Virginia ranked as the state with the lowest cost of living at 84.1% of the national average, while North Carolina came in as 28th lowest, with a 97.8% figure.
What is the nicest city in West Virginia?
“Nice” is subjective, but if you are looking for a beautiful place to live in West Virginia, you might consider cities like Charleston, Barboursville, and Fayetteville for their quality of life and amenities.
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Best Affordable Places to Live in Oklahoma in 2025
Best Affordable Places to Live in Oklahoma in 2025
(Last Updated – 03/2025)
Oklahoma is known for its natural beauty, its Native American heritage, and its cowboy culture. And there’s plenty to do in the Sooner State — from cultural offerings (think museums and galleries) to recreational activities such as hiking, fishing, and camping. If you’re a fan of dining out, you’ll definitely want to check out the state’s famous Oklahoma-style barbecue and farm-to-table fare.
Oklahoma is also consistently among the most affordable places to live when you look at rankings of the cost of living by state. Housing costs in Oklahoma are among the lowest in the country for both buyers and renters.
Best Places to Live in Oklahoma
Whether you long for wide-open spaces, city living, or something in-between, you can find your fit in Oklahoma. Read on for our roundup of some of the best places in Oklahoma to live.
💡 Quick Tip: Buying a home shouldn’t be aggravating. SoFi’s online mortgage application is quick and simple, with dedicated Mortgage Loan Officers to guide you through the process.
Best Affordable Places to Live in Oklahoma
1. Edmond
You’ll find Edmond at or near the top of just about every “best of” list for the state of Oklahoma. This suburb of Oklahoma City has its own charming downtown and is known for its plentiful parks and top-notch performing arts venues. Families living there appreciate the well-ranked schools. It’s also home to the University of Central Oklahoma and Oklahoma Christian University. The sheer size of the market here helps ensure even those with around $200,000 in the budget will have options.
Population: 98,103
Median Household Income: $102,032
Cost of Living: 88% of U.S. average
Average Rent Price: $1,765
Home Price-to-Income Ratio: 3.3
2. Jenks
Jenks is a fast-growing suburb of Tulsa, and home to the Oklahoma Aquarium, the Jenks Planetarium, and the popular RiverWalk Crossing Entertainment District, which offers shopping, dining, and entertainment venues. Jenks is also known for its short commute to Tulsa, and families will appreciate its well-regarded schools.
Population: 27,553
Median Household Income: $104,970
Cost of Living: 90% of U.S. average
Average Rent Price: $1,800
Home Price-to-Income Ratio: 3.2
3. Stillwater
Photo credit: iStock/DenisTangneyJr
If you like the vibe of a college town, Stillwater — the home of Oklahoma State University — may be the right place for you. Stillwater is known for its hospitality, diversity, and affordability. It has a dynamic downtown area, with live music venues, shopping and dining, and year-round festivals. For those who love art and history, the city also offers the Downtown Stillwater Cultural District. And sports lovers can cheer on the OSU Cowboys. Home prices have increased steadily over the past few years, but the average home value here, at around $241,000, is still around $100,000 under the national average.
Population: 49,525
Median Household Income: $42,015
Cost of Living: 80% of U.S. average
Average Rent Price: $1,100
Home Price-to-Income Ratio: 5.7
Recommended: Home Loan Help Center
Best Places to Live in Oklahoma for Families
Parents seek out places with a concentration of activities and services for families. Well-rated schools and proximity to a solid job market are also among the priorities. These are the places in Oklahoma that rose to the top of our list.
1. Broken Arrow
Photo credit: iStock/DenisTangneyJr
Broken Arrow is a growing, family-friendly city in Oklahoma’s picturesque Green Country region. It’s about a 14-mile commute to Tulsa, and it has its own downtown business district as well. Families will be drawn to the well-rated schools, and they can find lots of activities to choose from year-round — including several seasonal festivals and a “Tuesdays in the Park” concert series held in June. There can be a wide range of home prices depending on the neighborhood you choose. But overall, homes are very affordable.
Population: 119,194
Median Household Income: $85,220
Cost of Living: 86% of U.S. average
Average Rent Price: $1,795
Home Price-to-Income Ratio: 3.2
2. Bixby
Nicknamed “The Garden Spot of Oklahoma” for its agricultural roots, Bixby is a small but growing city near Tulsa. Families are attracted to this community by its good schools, many parks, historic (but updated) downtown district, and small-town feel. If you haven’t bought a home before (or if it’s been a while), familiarize yourself with the different types of mortgage loans before you start your search.
Population: 30,698
Median Household Income: $99,602
Cost of Living: 86% of U.S. average
Average Rent Price: $1,900
Home Price-to-Income Ratio: 3.2
3. Owasso
Owasso is another Tulsa suburb that’s popular with families. There are parks, playgrounds, and other recreational activities for the kids. And it’s big enough that it has the usual lineup of big box and grocery stores. Another draw for families: The schools are well regarded. Though it’s close to the city, Owasso has its own history and sense of community. Looking in Owasso? Make sure you understand the basics of how to qualify for a mortgage before the search gets serious.
Population: 41,162
Median Household Income: $79,386
Cost of Living: 88% of U.S. average
Average Rent Price: $1,700
Home Price-to-Income Ratio: 3.8
Best Places to Live in Oklahoma for Young Adults
Young adults crave access to jobs and nightlife as well as proximity to other young adults. These cities would all be a nice location to begin putting down roots.
1. Oklahoma City
Photo credit: iStock/Sean Pavone
Young adults who like the idea of living in a city — but not an expensive and overwhelming metropolis — may find the state capital of Oklahoma City suits their needs. In 2023, Forbes ranked OKC the No. 2 city in the U.S. for young professionals, citing low living expenses, a thriving job market, and a vibrant atmosphere as major factors in its appeal. If you’re thinking about buying a home, understand the difference between mortgage prequalification and preapproval before you get serious about a spot.
Population: 702,767
Median Household Income: $66,702
Cost of Living: 86% of U.S. average
Median Rent Price: $1,350
Home Price-to-Income Ratio: 2.9
2. Tulsa
Photo credit: iStock/Sean Pavone
Tulsa is Oklahoma’s second-largest city by population, but it’s still quite affordable for both renters and homebuyers — and it’s known for its hospitality. There are several walkable and welcoming neighborhoods for those who like the idea of stopping in at a local restaurant, coffee shop, or bar. (There’s also a public bus system and a bike share program.) Residents can enjoy a vibrant arts and entertainment scene with a range of music venues. And for outdoorsy types, there are more than 130 parks around the metro area.
Population: 411,894
Median Household Income: $58,407
Cost of Living: 87% of U.S. average
Average Rent Price: $1,350
Home Price-to-Income Ratio: 3.4
3. Moore
Looking for a suburban setting with a quick commute to Oklahoma City? Moore has a mix of amenities that both young professionals and young families might find appealing. The Station Recreation & Aquatic Center, which is run by the city, offers pickleball and basketball courts as well as an indoor walking track and an outdoor pool. And you may find that home and rent prices are less expensive in Moore than some nearby suburbs.
Population: 63,470
Median Household Income: $76,941
Cost of Living: 84% of U.S. average
Average Rent Price: $1,545
Home Price-to-Income Ratio: 2.8
Recommended: Oklahoma First-time Home Buying Assistance Programs
Best Places to Live in Oklahoma for Retirees
Retirees might want outdoor activities, easily available medical care, and a cost of living that helps a fixed income go farther. Oklahoma offers several options. (If taxes are a consideration, study up on the best states to retire in for tax purposes.
1. The Village
This small city is located just north of the upscale Nichols Hills suburb of Oklahoma City, but home prices in The Village are generally much lower. And it’s close to all that the big city has to offer (including the airport, for those who have grandkids to visit). It’s also a quick drive to lovely Lake Hefner, where retirees can walk, run, kayak, golf, and fish.
Population: 9,368
Median Household Income: $70,788
Cost of Living: 88% of U.S. average
Average Rent Price: $958
Home Price-to-Income Ratio: 2.9
2. Bartlesville
Photo credit: iStock/DenisTangneyJr
Bartlesville has plenty to offer retirees with a wide range of interests, including interesting architecture, a museum packed with Western artifacts, and several scenic parks. And when the grandchildren come to visit, there’s Bartlesville Kiddie Park, with fun rides designed specifically with younger children in mind.
Population: 38,114
Median Household Income: $59,457
Cost of Living: 80% of U.S. average
Average Rent Price: $1,100
Home Price-to-Income Ratio: 2.9
3. Lawton
Photo credit: iStock/DenisTangneyJr
Ready to try your luck in Lawton? This diverse city in southwest Oklahoma is known for its rich Native American history, and it’s the home of the bustling Comanche Nation Casino, where retirees (and their visitors) can enjoy good food and good times. If you prefer the outdoors, you’ll find there are plenty of parks for picnicking and other activities.
Population: 90,245
Median Household Income: $53,588
Cost of Living: 77% of U.S. average
Average Rent Price: $1,050
Home Price-to-Income Ratio: 2.4
Best Places to Live in Oklahoma Near the Water
Living near the water in Oklahoma usually means living near one of the state’s 200+ lakes, many of which are teeming with fish. Waterside living is never a bargain, but these towns offer the most affordable options in what is, overall, a very affordable state.
1. Grove
If fishing and boating — or a beautiful water view — is a priority in your home search, you may want to put Grove on your house-hunting list. The small town is surrounded by Grand Lake, which is a professional bass fishing tournament lake and a recreational hotspot. There’s also a botanical garden, and lots to explore in Grand Lake State Park. And because Grove is popular with tourists in the summer months, there are plenty of bars and restaurants.
Population: 7,293
Median Household Income: $56,875
Cost of Living: 84% of U.S. average
Average Rent Price: $1,300
Home Price-to-Income Ratio: 4.8
💡 Quick Tip: A major home purchase may mean a jumbo loan, but it doesn’t have to mean a jumbo down payment. Apply for a jumbo mortgage with SoFi, and you could put as little as 10% down.
2. Ardmore
Photo credit: iStock/theishkid
There’s a little bit of everything in Ardmore: arts and culture, world-class golf courses, and diverse dining and shopping opportunities. And, of course, there’s beautiful Lake Murray, where you can swim, boat, and fish. Ardmore also is known for its health-care facilities and friendly neighborhoods. The cost of living in Ardmore is lower than the overall cost of living in Oklahoma, and much lower than the U.S. average.
Population: 24,847
Median Household Income: $52,954
Cost of Living: 80% of U.S. average
Average Rent Price: $1,300
Home Price-to-Income Ratio: 2.7
3. Broken Bow
Photo credit: iStock/loki1982
The city of Broken Bow, in the southeast corner of Oklahoma, has its own 40-acre park with a stocked fishing pond, walking track, and more. It’s also near popular Broken Bow Lake, a thriving tourist destination that benefits businesses in Broken Bow (but can add to the traffic).
Population: 4,215
Median Household Income: $50,744
Cost of Living: 74% of U.S. Average
Median Rent Price: $1,650
Home Price-to-Income Ratio: 5.9
The Takeaway
The state of Oklahoma has something for just about everyone — whether you’re hoping to find a scenic place to relax and maybe go fishing, a quiet suburb with good schools and easy access to city amenities, or a home in a vibrant city that still offers a manageable cost of living.
Looking for an affordable option for a home mortgage loan? SoFi can help: We offer low down payments (as little as 3% – 5%) with our competitive and flexible home mortgage loans. Plus, applying is extra convenient: It’s online, with access to one-on-one help.
Looking for an affordable option for a home mortgage loan? SoFi can help: We offer low down payments (as little as 3% - 5%*) with our competitive and flexible home mortgage loans. Plus, applying is extra convenient: It's online, with access to one-on-one help.
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FAQ
What is the most affordable city in Oklahoma?
Lawton, with a population of more than 90,000, is among the most affordable cities in Oklahoma, with a cost of living that is 23% lower than the U.S. average.
Where is the least expensive place to live in Oklahoma?
Lawton and Broken Bow have the lowest cost of living — but there are many affordable cities and towns worth checking out in the Sooner State.
Where is the best place to live near Oklahoma City?
Edmond, Moore, and The Village are all affordable OKC suburbs that have a lot to offer residents.
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‡SoFi On-Time Close Guarantee: If all conditions of the Guarantee are met, and your loan does not close on or before the closing date on your purchase contract accepted by SoFi, and the delay is due to SoFi, SoFi will provide you $2,000.^ Terms and conditions apply. This Guarantee is available only for loan applications submitted after 6/15/22 for the purchase of a primary residence. Please discuss terms of this Guarantee with your loan officer. The property must be owner-occupied, single-family residence (no condos), and the loan amount must meet the Fannie Mae conventional guidelines. No bank-owned or short-sale transactions. To qualify for the Guarantee, you must: (1) Have employment income supported by W-2, (2) Receive written approval by SoFi for the loan and you lock the rate, (3) submit an executed purchase contract on an eligible property at least 30 days prior to the closing date in the purchase contract, (4) provide to SoFi (by upload) all required documentation within 24 hours of SoFi requesting your documentation and upload any follow-up required documents within 36 hours of the request, and (5) pay for and schedule an appraisal within 48 hours of the appraiser first contacting you by phone or email. The Guarantee will be void and not paid if any delays to closing are due to factors outside of SoFi control, including delays scheduling or completing the appraisal appointment, appraised value disputes, completing a property inspection, making repairs to the property by any party, addressing possible title defects, natural disasters, further negotiation of or changes to the purchase contract, changes to the loan terms, or changes in borrower’s eligibility for the loan (e.g., changes in credit profile or employment), or if property purchase does not occur. SoFi may change or terminate this offer at any time without notice to you. ^To redeem the Guarantee if conditions met, see documentation provided by loan officer.
Qualifying for the reward requires using a real estate agent that participates in HomeStory’s broker to broker agreement to complete the real estate buy and/or sell transaction. You retain the right to negotiate buyer and or seller representation agreements. Upon successful close of the transaction, the Real Estate Agent pays a fee to HomeStory Real Estate Services. All Agents have been independently vetted by HomeStory to meet performance expectations required to participate in the program. If you are currently working with a REALTOR®, please disregard this notice. It is not our intention to solicit the offerings of other REALTORS®. A reward is not available where prohibited by state law, including Alaska, Iowa, Louisiana and Missouri. A reduced agent commission may be available for sellers in lieu of the reward in Mississippi, New Jersey, Oklahoma, and Oregon and should be discussed with the agent upon enrollment. No reward will be available for buyers in Mississippi, Oklahoma, and Oregon. A commission credit may be available for buyers in lieu of the reward in New Jersey and must be discussed with the agent upon enrollment and included in a Buyer Agency Agreement with Rebate Provision. Rewards in Kansas and Tennessee are required to be delivered by gift card.
HomeStory will issue the reward using the payment option you select and will be sent to the client enrolled in the program within 45 days of HomeStory Real Estate Services receipt of settlement statements and any other documentation reasonably required to calculate the applicable reward amount. Real estate agent fees and commissions still apply. Short sale transactions do not qualify for the reward. Depending on state regulations highlighted above, reward amount is based on sale price of the home purchased and/or sold and cannot exceed $9,500 per buy or sell transaction. Employer-sponsored relocations may preclude participation in the reward program offering. SoFi is not responsible for the reward.
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