Best Affordable Places to Live in Kansas in 2025
Best Affordable Places to Live in Kansas in 2025

(Last Updated – 03/2025)
The rolling prairies and plains of Kansas make for a peaceful place to live. The Sunflower State gets plenty of sunshine in the summer, but winters can be harsh — with lovely fall and spring seasons in between. Farming is as important as ever to Kansas’ economy, but you can also find plenty of job opportunities in manufacturing and oil. Across the state, there is lots for families to do, such as zoos, botanical gardens, parks, and museums, including one dedicated to The Wizard of Oz.
Nearly 3 million Americans call Kansas home, and the median household income is just over $72,000. Compared to the rest of the country, especially coastal states and New England, Kansas is an affordable place to live: The state cost of living is 86% of the U.S. average.
Thinking of moving to the Sunflower State? Here are the best affordable places in Kansas to live at different ages and life stages.
Best Places to Live in Kansas
Maybe you already live in Kansas and are hoping to relocate within the state, or perhaps you’re thinking about moving to Kansas for the first time. Either way, it’s important to research locations that meet your unique wants, needs, and budget. That’s why we’ve compiled multiple lists of the best places in Kansas to live. Here’s a closer look at the most affordable spots.
💡 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 Kansas
Like many Midwestern states, Kansas offers an affordable state cost of living, though there are some highly sought after suburbs where costs are on the rise. If you’re trying to stick to a tight budget, these are among the best places in Kansas to live.
1. Wellington
Photo credit: iStock/BOB WESTON
Wellington, a small town south of Wichita, offers a number of great job opportunities, including careers in aviation, manufacturing, railroad services, and food processing. Despite its small size, Wellington offers residents on a budget plenty to do, including multiple museums and parks.
Population: 7,568
Median Household Income: $49,526
Cost of Living: 76.5% of U.S. average
Average Rent Price: $800
Home Price-to-Income Ratio: 1.94
2. Salina
Photo credit: iStock/DenisTangneyJr
Close to the heart of Kansas, Salina offers an affordable place to live, with a cost of living that’s just 75.8% of the U.S. average. Looking for a job in Salina? The city is known for an abundance of manufacturing jobs. There’s plenty to do in the area, even if you’re on a tight budget; grownups may enjoy the Smoky Hill Museum, while the Kenwood Cove Aquatic Park is great for families.
If you’re thinking of buying and this is your first time navigating the housing market, check out a guide for first-time homebuyers before starting your search in Salina.
Population: 45,792
Median Household Income: $60,624
Cost of Living: 75.8% of U.S. average
Average Rent Price: $1,150
Home Price-to-Income Ratio: 2.71
3. Pittsburg
Photo credit: Wikimedia Commons/Sarah Runyon , Creative Commons Attribution-ShareAlike 4.0 International
About two hours due south of Kansas City is the town of Pittsburg. Pittsburg offers a low cost of living, affordable housing, and plenty of employment opportunities across education and manufacturing (packing and plastics). You’ll still find a charming downtown in this old mining town, and there’s always good eats: Pittsburg is a part of Crawford County, the Fried Chicken Capital of the World.
Population: 20,504
Median Household Income: $40,220
Cost of Living: 77% of U.S. average
Average Rent Price: $850
Home Price-to-Income Ratio: 3.09
Best Places to Live in Kansas for Families
Kansas is a wonderful state for families to move to. Across the state, you’ll find affordable housing, plenty of great parks and things to do, and a nice offering of community activities. Here are some of the best places to live in Kansas for families:
1. Andover
Andover is a great spot for families near Wichita. Almost a third of all of the town’s residents are under 18, and parents will like that there is an emphasis on education and lots of opportunities for kids to make friends. Andover’s parks and trails are a great way to get kids outside and stay active.
And the town is so affordable, you likely won’t have to investigate getting a jumbo mortgage loan to purchase a home.
Population: 15,814
Median Household Income: $106,676
Cost of Living: 83% of U.S. average
Average Rent Price: $1,800
Home Price-to-Income Ratio: 3.00
2. Wichita
Photo credit: iStock/DenisTangneyJr
If your family likes to stay active, Wichita is a great city to move to. It offers so much for families to do, from museums and restaurants to parks and sports teams. And families on a budget will appreciate the city’s low home price-to-income ratio: 3.03, which makes it possible to buy a house for your family to enjoy for years to come.
Ready to purchase a house in Wichita? Check out a home loan help center to get started.
Population: 396,119
Median Household Income: $63,072
Cost of Living: 91.0% of U.S. average
Average Rent Price: $1,195
Home Price-to-Income Ratio: 3.03
3. Dodge City
Photo credit: iStock/Steven White
There’s always something going on in Dodge City. This small town goes all out for holidays throughout the year. In the warmer months, families can enjoy weekends at the Dodge City Raceway Park, and for 10 days each summer, the city throws a huge festival, called Dodge City Days. Families will also likely appreciate Dodge City’s well-regarded school system and low cost of living.
Already own a home in Dodge City but want a more affordable monthly payment? See if a mortgage refinance is right for you.
Population: 27,514
Median Household Income: $67,958
Cost of Living: 81% of U.S. average
Average Rent Price: $995
Home Price-to-Income Ratio: 2.96
Best Places to Live in Kansas for Young Adults
Young adults looking to settle down in the state of Kansas should consider one of these locations:
1. Wichita
Photo credit: iStock/DenisTangneyJr
Young professionals in search of a reliable job should add Wichita to their list for consideration. Wichita is home to multiple aircraft assembly and manufacturing, health care, and education jobs — and the McConnell Air Force Base is a huge employer. There’s always something to do in Wichita for young adults, whether that’s bars and clubs or festivals, concerts, and touring shows.
Ready to make an offer on a home in Wichita? Check out our tips to qualify for a mortgage.
Population: 396,119
Median Household Income: $63,072
Cost of Living: 91% of U.S. average
Average Rent Price: $1,195
Home Price-to-Income Ratio: 3.03
2. Topeka
Photo credit: iStock/ChrisBoswell
The capital of Kansas, Topeka offers plenty of government jobs for recent college grads. Young adults in search of an active lifestyle will feel right at home in Topeka, which has a hot dining scene and lots of outdoor spaces to get out and enjoy some fresh air.
Population: 125,475
Median Household Income: $55,902
Cost of Living: 82% of U.S. average
Average Rent Price: $995
Home Price-to-Income Ratio: 3.29
3. Dodge City
Photo credit: iStock/Steven White
With multiple festivals, an auto-racing track, and the annual 10-day Dodge City Days, Dodge City offers young adults plenty to do, even though it’s far from the major cities on the eastern side of the state. You’ll find ample restaurants, bars, and outdoor places to explore, and the city has plenty of job opportunities.
Population: 27,514
Median Household Income: $67,958
Cost of Living: 81% of U.S. average
Average Rent Price: $995
Home Price-to-Income Ratio: 2.96
💡 Quick Tip: Not to be confused with prequalification, preapproval involves a longer application, documentation, and hard credit pulls. Ideally, you want to keep your applications for preapproval to within the same 14- to 45-day period, since many hard credit pulls outside the given time period can adversely affect your credit score, which in turn affects the mortgage terms you’ll be offered.
1. Salina
Photo credit: iStock/DenisTangneyJr
Salina has everything you could want in a place to retire: great community activities, several local golf courses, and a low cost of living. It’s also located at the intersection of two major interstates (I-70 and I-135), which is great if you plan to take lots of road trips during your golden years.
If you’d rather not get a mortgage in retirement, you can rent in Salina.
Population: 45,792
Median Household Income: $60,624
Cost of Living: 95.8% of U.S. average
Average Rent Price: $1,150
Home Price-to-Income Ratio: 2.71
2. Wichita
Photo credit: iStock/DenisTangneyJr
Wichita is ideal for retirees: It has a low cost of living, it offers seniors plenty of activities, and it has its own airport — great if you want to travel the world during retirement. Wichita also has more than 100 parks, meaning there’s always somewhere new to explore.
Population: 396,119
Median Household Income: $63,072
Cost of Living: 91% of U.S. average
Average Rent Price: $1,195
Home Price-to-Income Ratio: 3.03
3. Topeka
Photo credit: iStock/ChrisBoswell
As the seat of the Kansas government, Topeka is an interesting place for seniors to live. There’s plenty going on downtown, and history buffs will enjoy the capital city’s significance in overturning racial segregation in public schools. With a low cost of living, Topeka is great for retirees on a strict budget. Plus, it’s surrounded by ample lakes for those who enjoy spending their days boating, fishing, and hiking.
Population: 125,475
Median Household Income: $55,902
Cost of Living: 82% of U.S. average
Average Rent Price: $995
Home Price-to-Income Ratio: 3.29
Best Places to Live in Kansas Near the Water
Kansas is a very flat state. Despite all the fields, however, Kansas offers a lot of geographically stunning locations, particularly near its lakes and rivers. Here are three of the best spots near the water:
1. Junction City
Photo credit: iStock/BOB WESTON
Fans of Milford Lake can get even closer to Kansas’ largest body of water by settling down in Junction City, just south of the lake. It’s also right where three major rivers converge: the Smoky Hill River, the Republican River, and the Kansas River. That means river kayaking and canoeing opportunities abound.
Population: 21,856
Median Household Income: $60,317
Cost of Living: 75% of U.S. average
Average Rent Price: $950
Home Price-to-Income Ratio: 2.95
2. Topeka
Photo credit: iStock/ChrisBoswell
Topeka is an all-around great place to live in Kansas, but the capital city is particularly attractive for people who like to be near the water. The city itself is built along the river, and the Greater Topeka Partnership is currently working toward developing the riverfront area to be designed as a community space. But the city is also located close to several large lakes, including Lake Shawnee, Clinton Lake, and Perry Lake, meaning multiple opportunities for swimming, hiking, boating, hunting, and fishing.
Population: 125,475
Median Household Income: $55,902
Cost of Living: 82% of U.S. average
Average Rent Price: $995
Home Price-to-Income Ratio: 3.29
3. El Dorado
Northeast of Wichita is the small town of El Dorado — and it truly is golden for anyone who likes to live near the water. El Dorado Lake and its state park offer ample outdoor family fun, including boating and fishing. The reservoir transformed this area when it was completed in 1981.
If you are thinking of buying a home in El Dorado, it can be wise to familiarize yourself with the different types of mortgage loans you might want to consider.
Population: 12,919
Median Household Income: $54,828
Cost of Living: 80% of U.S. average
Average Rent Price: $810
Home Price-to-Income Ratio: 2.85
The Takeaway
No matter your needs, Kansas can be a great state to live in. Whether you’re a family looking for fun things to do, a young adult seeking a vibrant nightlife and job opportunities, a sports fan who wants a team to cheer on, or a retiree who needs a welcoming place to settle down, you’ll likely find a suitable spot in Kansas.
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FAQ
What is the cheapest place to live in Kansas?
One of the cheapest places to live in Kansas could be Junction City, with a cost of living that is 75% of the national average. It’s located just south of the state’s largest lake, making it a good spot for nature lovers.
What is the cost of living in Kansas?
The cost of living in Kansas is 84% of the U.S. average, meaning it’s considerably more affordable to live in the Sunflower State. Housing is 31% cheaper than the average in America, so it can be a good place to purchase a property. However, the cost of living can vary from city to city.
What salary can you live comfortably on in Kansas?
The salary you need to live comfortably in Kansas depends on several factors: the cost of living in the city you move to, your expenses (are you single? Do you have a family to support?), and other financial details (such as whether you have student loans or not). The median household income is just over $72,000, but if you live in a city with a low cost of living and don’t have too many other expenses or too much debt to manage, you can likely live comfortably with even less.
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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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Rhode Island: Best Affordable Places to Live
Best Affordable Places to Live in Rhode Island in 2025

By Dana Webb
(Last Updated – 03/2025)
The Ocean State may be small but it punches above its weight in terms of the cost of living. At 114% of the national average, Rhode Island has the 9th highest cost of living per state in the U.S., and housing costs are a contributor to this. That said, there’s a lot to love about Rhode Island, which manages to pack beaches and forests and farmland into just 1,545 square miles — not to mention a diverse range of great cuisines, top-notch cultural events, and historical attractions. But if you want to live in Rhode Island, you’re probably wondering about affordability. That’s where our list comes in.
Best Places to Live in Rhode Island
One wonderful thing about Rhode Island is that you can get practically anywhere in the state in about an hour and a half, so if you’re interested in exploring the best places to live in Rhode Island on a budget, you can probably visit several towns in one trip. Before you start house-hunting, it might be wise to prequalify for a mortgage to get a sense of what you can afford. (And study up on mortgage prequalification vs preapproval because, later, you may want to get preapproved for a loan.) Then you’re ready to focus your search and explore the best places to live in Rhode Island.
💡 Quick Tip: Buying a home shouldn’t be aggravating. Online mortgage loan forms can make applying quick and simple.
Best Affordable Places to Live in Rhode Island
The best affordable places to live in “Little Rhodie” include a midsize city (Coventry), a larger city (Warwick), and one tiny town (Ashaway). The smallest state by land area in the U.S. also has some of the highest property taxes, with an average effective property tax rate of 1.39%. So those shopping for a new home will want to make sure to factor property taxes into their budget.
1. Ashaway
This tiny, rural town boasts some affordable properties not to mention lovely scenery and an assortment of shops and restaurants. The median age here is 38.6, and some residents commute to work in New London, Connecticut. Providence is within reach as well, at 40 minutes away. If you’re embarking on your first home purchase, spend some time with a first-time homebuyer guide to learn the ins and outs of the process.
Population: 1,682
Median Household Income: $101,165
Cost of Living: 102% of U.S. average
Average Rent Price: $1,744
Home Price-to-Income Ratio: 4.1
2. Coventry
Located in the rural hills of the Pawtuxet River Valley due west of the larger Warwick, Coventry boasts one of the state’s best home price-to-income ratios (the average value of its homes divided by the median income of its residents), which helped land it on our list of the best affordable places to live in Rhode Island. It also offers plenty of biking and walking trails, plus historical sites connected to its history as a mill town.
Population: 35,819
Median Household Income: $99,177
Cost of Living: 110% of U.S. average
Average Rent Price: $1,675
Home Price-to-Income Ratio: 4.2
3. Warwick
Photo credit: iStock/DenisTangneyJr
This coastal, central-Rhode Island city has easy access to Providence, Narragansett, and Newport and all the cultural and historic sites these cities offer (not to mention some of the best doughnuts in a state known for this breakfast treat). Warwick also has many interesting sites in its own right, plus beach access and restaurants in abundance. Homes for sale move briskly here, so if you’re looking to buy in Warwick, be prepared by going through the mortgage preapproval process in advance.
Population: 82,999
Median Household Income: $87,536
Cost of Living: 114% of U.S. average
Average Rent Price: $2,450
Home Price-to-Income Ratio: 4.4
Best Places to Live in Rhode Island for Families
Whether you’re looking for a small town or a bigger city, Rhode Island has lots of places families might want to settle. Parents will want to weigh proximity to work and commuting times, along with the reputation of the local schools and available opportunities for fun. Here are some spots that make the cut.
1. Lincoln
Photo credit: iStock/danlogan
Parents who work in Providence might like Lincoln, which is just north of that larger city and has a state park located within the town, as well as many historic sites. Hearthside, a historic house open to visitors, has a year-round blacksmith’s shop that kids will enjoy. (Parents may be more excited by the fact that Lincoln’s school district receives high ratings.) Lincoln is also home to one of two full-service casinos in the state, which provides residents with both employment and entertainment.
Look into the different types of mortgage loans so you are familiar with the options before the search gets serious.
Population: 22,846
Median Household Income: $115,181
Cost of Living: 110% of U.S. average
Average Rent Price: $1,744
Home Price-to-Income Ratio: 4.4
2. Ashaway
It’s easy to see why families might be drawn to this quiet village within the larger Hopkinton area in the southwestern corner of the state. It has a suburban but rural feel, and parents may be attracted to its well-regarded schools.
Population: 1,682
Median Household Income: $99,236
Cost of Living: 111% of U.S. average
Average Rent Price: $2,200
Home Price-to-Income Ratio: 5.9
3. Exeter
Photo credit: Flickr/print57 , Creative Commons Attribution-NoDerivs 2.0 Generic
Exeter occupies a large, rural area southwest of Providence that extends all the way to the Connecticut border. There are plenty of farms, forests, and other open spaces here for families to enjoy. Parents may appreciate that Exeter and its affluent neighbor West Greenwich share one of the most highly rated school systems in the state.
Population: 6,581
Median Household Income: $99,236
Cost of Living: 111% of U.S. average
Average Rent Price: $2,200
Home Price-to-Income Ratio: 5.9
Best Places to Live in Rhode Island for Young Adults
Whether you want the buzz of a large city or crave a more relaxed setting, there are good options for young adults who want to put down roots in Rhode Island.
1. Woonsocket
Photo credit: iStock/DenisTangneyJr
With a median age of 36, this Providence-county city has a relatively young population. It is also the corporate headquarters of CVS Health, and health care, manufacturing, and retail are the city’s largest industries. For those who do business in Boston or need a major airport nearby, Woonsocket is a relatively convenient hour and 15 minutes away by car. Young adults will enjoy the Stadium Theater, biking and hiking on the area’s trails, and city events such as Autumnfest. While the home price-to-income ratio is on the high side, the average rent is a very reasonable $1,595.
Population: 43,135
Median Household Income: $58,614
Cost of Living: 99% of U.S. average
Average Rent Price: $1,595
Home Price-to-Income Ratio: 6.2
2. Pawtucket
Photo credit: iStock/DenisTangneyJr
The city is known as the birthplace of the American Industrial Revolution and was a center for textile industries. Today, Pawtucket has a variety of industries, arts-related organizations, and small businesses; it nurtures a concentration of artists, including painters, sculptors, and glass-blowers. The city offers dozens of restaurants and a year-round calendar of festivals for entertainment. More than half of Pawtucket’s residents are renters, an unusually high concentration, and the average rent here is $1,750. Residents are just 15 minutes from downtown Providence.
Check out a home loan help center to learn more about the homebuying and mortgage process if you’re pondering your first home purchase.
Population: 75,321
Median Household Income: $67,436
Cost of Living: 107% of U.S. average
Average Rent Price: $1,750
Home Price-to-Income Ratio: 5.5
3. Cranston
Photo credit: iStock/DenisTangneyJr
One of Rhode Island’s largest cities is a quick 15-minute commute by car to Providence, so access to multiple job markets is a draw. The area offers river shoreline access, with walking and hiking opportunities, as well as plenty of coffee shops, restaurants, and bars and breweries. Young adults looking to purchase their first home will want to read up on tips on how to qualify for a mortgage.
Population: 82,635
Median Household Income: $87,716
Cost of Living: 112% of U.S. average
Average Rent Price: $2,095
Home Price-to-Income Ratio: 4.8
💡 Quick Tip: Don’t have a lot of cash on hand for a down payment? The minimum down payment for an FHA mortgage loan is just 3.5%.
The Best Places to Live in Rhode Island for Retirees
Retiring in Rhode Island means you’re never far from a beach, but on the other hand, you can enjoy all four seasons and proximity to big-city pleasures in Boston, Hartford, or New York. And while overall costs can be high here, Rhode Island allows state taxpayers to exclude up to $20,000 of federally taxable income from pensions, 401(k) plans, annuities, or other such sources. Have a look at these best places to live in Rhode Island for retirees.
1. Woonsocket
Photo credit: iStock/DenisTangneyJr
Woonsocket’s relatively affordable cost of living makes it an attractive option for retirees on a fixed budget. And since Rhode Island is such a small state, retirees here are never far from their heart’s desire, whether that is hiking and walking at a state park, venturing south to the state’s lovely beaches, or enjoying the local cultural offerings. Woonsocket has several apartment buildings designated for the elderly, as well as multiple assisted living facilities. Medical care is also easily accessible, either in the local community hospital or at the state’s largest hospital in Providence.
Population: 43,135
Median Household Income: $58,614
Cost of Living: 99% of U.S. average
Average Rent Price: $1,595
Home Price-to-Income Ratio: 6.2
2. Central Falls
Photo credit: Flickr/cmh2315fl , Creative Commons Attribution-NonCommercial 2.0 Generic
This diverse town just north of Pawtucket is a former manufacturing hub, and one of its retirement communities even occupies a historic mill building. Central Falls is small but very densely populated. Providence is less than a half-hour away by car, so access to the big city’s cultural offerings (and its medical care) is easy. While the home price-to-income ratio is high, the average home value here is well below the national average (unusual for Rhode Island) at $355,430.
Population: 22,543
Median Household Income: $45,291
Cost of Living: 106% of U.S. average
Average Rent Price: $1,695
Home Price-to-Income Ratio: 7.7
3. Tiverton
Photo credit: Flickr/print57 , Creative Commons Attribution-NoDerivs 2.0 Generic
This town at the eastern edge of Rhode Island, about 40 minutes away from Providence, is known as a place that tends to attract retirees. Residents here enjoy two beaches on the Sakonnet River for swimming, walking, fishing, or bird-watching. The Four Corners area is a meeting place for those who enjoy historic buildings as well as the local shops and restaurants. Countryview Estates, a 60-acre complex, caters to the 55-plus set, and The Villages on Mount Hope Bay, on the waterfront, is for active adults in the same age group.
Population: 8,151
Median Household Income: $91,943
Cost of Living: 113% of U.S. average
Average Rent Price: $1,854
Home Price-to-Income Ratio: 5.5
Best Places to Live in Rhode Island Near the Beach
A home with proximity to sand and salty air is almost always going to fetch a premium price. Here are some of the more affordable places to live in Rhode Island near the beach.
1. Warren
Photo credit: Wikimedia Commons/Kenneth C. Zirkel , Creative Commons Attribution-ShareAlike 4.0 International
Warren offers easy access to both beaches and farmland from its location on the East Bay between Providence and Newport. It has an abundance of art galleries and studios, gourmet food shops, and quaint stores. A level bike path along an old railroad spur connects local schools and a park. Residents praise the warm, welcoming community, the historic downtown, and the city’s work to revitalize the waterfront. The town beach has great amenities for families with young kids. The average home value here, at $498,546, is above national average but reasonable by Rhode Island waterfront standards.
Population: 11,125
Median Household Income: $89,722
Cost of Living: 110% of U.S. average
Average Rent Price: $1,950
Home Price-to-Income Ratio: 5.6
2. Westerly
Photo credit: iStock/DenisTangneyJr
One of the few places in Rhode Island that directly borders the ocean (vs. the bay or a riverfront), Westerly has a buzzing scene of shops, restaurants, and bars, plus a waterfront amusement park with a century-old carousel. In the summer, the Chamber of Commerce screens movies on the beach. If you have your heart set on an ocean-view estate, this is the one city where you’re most likely to need a jumbo mortgage loan. But while homes on the seaside command a high price, the average home value here, at $544,000, indicates there are inland properties that are more affordable.
Population: 23,223
Median Household Income: $90,933
Cost of Living: 111% of U.S. average
Average Rent Price: $2,156
Home Price-to-Income Ratio: 6.0
3. Bristol
Photo credit: iStock/DenisTangneyJr
Bristol has beaches in abundance. Popular options include Bristol Town Beach, Juniper Trail Beach, and Walley Street Beach. Residents might come here for the bayside vibes, but they undoubtedly stay thanks to other quality-of-life factors, such as the vigorous performing, cultural, and literary arts scene.
Population: 22,069
Median Household Income: $96,005
Cost of Living: 117% of U.S. average
Average Rent Price: $2,300
Home Price-to-Income Ratio: 5.8
The Takeaway
Whether you’re seeking a sweet spot to retire, a place where your family can enjoy water views year-round, or a city with lots of opportunities for recent grads, Rhode Island has you covered. Yes, the overall cost of living can be high, but there are pockets of affordability. And after settling into one of these towns, you can have a great home base to enjoy all New England has to offer.
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.
Browse Other States
FAQ
Where is the most affordable place to live in Rhode Island?
With a cost of living that is just 99% of the U.S. average and an average home value that is below the norm as well, Woonsocket ranks as one of the most affordable places to live in Rhode Island on our list.
Where is the nicest place to live in Rhode Island?
“Nice” means different things to different people, but Westerly and Bristol are both known to be especially lovely parts of Rhode Island, both because of their proximity to the water and their historic sites.
Is Rhode Island an affordable state to live in?
Rhode Island has the 9th-highest cost of living of all 50 U.S. states, so most people probably wouldn’t consider it a bargain, but there are affordable places to live within the state. Rhode Island’s housing costs are above the national average. Its transportation costs, however, are typically below-average, possibly because the state is so small.
SoFi Loan Products
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.
SoFi Mortgages
Terms, conditions, and state restrictions apply. Not all products are available in all states. See SoFi.com/eligibility-criteria for more information.
*SoFi requires Private Mortgage Insurance (PMI) for conforming home loans with a loan-to-value (LTV) ratio greater than 80%. As little as 3% down payments are for qualifying first-time homebuyers only. 5% minimum applies to other borrowers. Other loan types may require different fees or insurance (e.g., VA funding fee, FHA Mortgage Insurance Premiums, etc.). Loan requirements may vary depending on your down payment amount, and minimum down payment varies by loan type.
¹FHA loans are subject to unique terms and conditions established by FHA and SoFi. Ask your SoFi loan officer for details about eligibility, documentation, and other requirements. FHA loans require an Upfront Mortgage Insurance Premium (UFMIP), which may be financed or paid at closing, in addition to monthly Mortgage Insurance Premiums (MIP). Maximum loan amounts vary by county. The minimum FHA mortgage down payment is 3.5% for those who qualify financially for a primary purchase. SoFi is not affiliated with any government agency.
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.
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.
Tax Information: This article provides general background information only and is not intended to serve as legal or tax advice or as a substitute for legal counsel. You should consult your own attorney and/or tax advisor if you have a question requiring legal or tax advice.
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.
SoFi Bank, N.A. (NMLS #696891) does not perform any activity that is or could be construed as unlicensed real estate activity, and SoFi is not licensed as a real estate broker. Agents of SoFi are not authorized to perform real estate activity.
If your property is currently listed with a REALTOR®, please disregard this notice. It is not our intention to solicit the offerings of other REALTORS®.
Reward is valid for 18 months from date of enrollment. After 18 months, you must re-enroll to be eligible for a reward.
SoFi loans subject to credit approval. Offer subject to change or cancellation without notice.
The trademarks, logos and names of other companies, products and services are the property of their respective owners.
SOHL-Q125-118
Best Affordable Places to Live in Nebraska in 2025
Best Affordable Places to Live in Nebraska in 2025

By Rebecca Lake
(Last Updated – 03/2025)
Nebraska, in America’s heartland, is known for being home to vast cornfields, Warren Buffett, and the College Baseball World Series. About two million people live here, with more newcomers arriving each year. What attracts people to the Cornhusker State?
A low cost of living is at the top of the list, along with moderately priced homes and property taxes that won’t break the bank — not to mention beautiful scenery and friendly people. If you’re looking for the best places in Nebraska to live on a budget, read on to learn which cities stand out the most.
Best Places to Live in Nebraska
Nebraska offers plenty of variety for those seeking to make a home here, from larger cities like Omaha to smaller, lesser-known spots. If you’re on the hunt for an affordable place to live, comparing the cost of living by state is a good place to start. Nebraska falls below the national average cost of living, which can appeal to families, young professionals, and retirees alike.
💡 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 Nebraska
To find the best affordable places to live in Nebraska, we examined the overall cost of living, which includes things like housing, food, transportation, and household expenses. Housing is affordable in the state overall, and first-time homebuyer programs can put property ownership even closer in reach. Check out our picks for the best affordable places overall.
1. Bellevue
Photo credit: Flickr/Jimmy Emerson, DVM , Creative Commons Attribution-NonCommercial-NoDerivs 2.0 Generic
Bellevue is part of the Omaha-Council Bluffs metro area and it’s one of the larger suburban spots to make our list of the best places to live in Nebraska. Originally established as a fur-trading post, it’s the oldest continuous settlement in the state and is a thriving city that attracts families, young professionals, and retirees who are looking for convenient access to quality health care.
Population: 63,922
Median Household Income: $87,343
Cost of Living: 90% of U.S. average
Average Rent Price: $1,517/month
Home Price-to-Income Ratio: 3.2
2. Omaha
Photo credit: iStock/Davel5957
Omaha is the most populous city in Nebraska, and its thriving economy is a definite mark in its favor for attracting newcomers. Job opportunities abound, as do local attractions, including the famed Henry Doorly Zoo and Aquarium. Parents who move here will appreciate the well-rated school system. Omaha features plenty of affordable rental options, something you don’t always see in a larger city, and the large size of the market and the many homes for sale at all price points means it could be easier to find a place here.
Population: 483,335
Median Household Income: $72,708
Cost of Living: 95% of U.S. average
Average Rent Price: $1,495/month
Home Price-to-Income Ratio: 3.8
3. Kearney
Photo credit: iStock/DenisTangneyJr
Kearney is consistently voted as one of the best places to live in Nebraska. Whether you’re interested in shopping, visiting local historic sites, or immersing yourself in the city’s diverse culture, you can do all of that and more here. Kearney also affords numerous opportunities to spend time outdoors, hiking, biking, kayaking, and canoeing. Completing the mortgage preapproval process can give you an idea of how much you might be able to borrow if you plan to buy.
Population: 34,362
Median Household Income: $69,790
Cost of Living: 86% of U.S. average
Average Rent Price: $1,200/month
Home Price-to-Income Ratio: 4.2
Recommended: Mortgage Prequalification vs. Preapproval: The Differences
Best Places to Live in Nebraska for Families
Raising a family can influence where you choose to live, as you might prioritize renting or buying in an area with good schools and plenty of things for kids to do. These Nebraska cities are the best overall for people with families or those looking to start one.
1. Seward
Photo credit: iStock/BOB WESTON
Seward is part of the Lincoln metro area, which could make it a good fit for families who prefer the suburbs to the busier city. Parents will be happy to hear that the schools are well-regarded. If you’re looking for something fun to do with kids, you can find the world’s largest time capsule located here. If you’re interested in owning a home, researching tips to qualify for a mortgage can make the process of getting a loan easier to navigate.
Population: 7,672
Median Household Income: $70,000
Cost of Living: 89% of U.S. average
Average Rent Price: $1,210/month
Home Price-to-Income Ratio: 4.0
2. Papillion
Photo credit: iStock/Wirestock
Papillion is a suburb of Omaha that’s routinely at the top of ‘best places to live in America’ lists. It offers plenty of family-friendly attractions, and parents appreciate its good-quality schools. French fur traders are reportedly responsible for the town’s name, the French word for butterfly.
Population: 23,791
Median Household Income: $109,602
Cost of Living: 87% of U.S. average
Average Rent Price: $1,905/month
Home Price-to-Income Ratio: 3.6
3. Gering
Photo credit: iStock/LIKE HE
Gering is an outstanding choice for families who are looking for a small-town feel. It’s quiet, there are lots of things to see and do around town with kids, and the cost of living isn’t a dealbreaker. With a home price-to-income ratio of under 3, you aren’t likely to need a jumbo mortgage loan in order to buy.
Population: 8,531
Median Household Income: $70,244
Cost of Living: 82% of U.S. average
Average Rent Price: $1,056/month
Home Price-to-Income Ratio: 2.7
Best Places to Live in Nebraska for Young Adults
Cities like Omaha and Lincoln tend to be magnets for recent college grads who are hoping to start their career. If you’re hoping to find your first job — or your next one — these are the Nebraska cities that offer the brightest prospects.
1. Ralston
Ralston is part of the Omaha metro area and it offers many of the things any young professional might value. There’s a vibrant nightlife scene, plenty of parks where you can go for a jog or walk the dog, and the many restaurants and cafes make it a foodie’s dream. Along with those features, Ralston is also an affordable place to live for workers who are trying to do life on an entry-level salary. If this is your first time buying a home, explore the different types of mortgage loans before you go deep with your search.
Population: 6,401
Median Household Income: $65,557
Cost of Living: 91% of U.S. average
Average Rent Price: $945/month
Home Price-to-Income Ratio: 3.8
2. Lincoln
Photo credit: iStock/Jacob Boomsma
Lincoln is Nebraska’s second-largest city and its local economy revolves around business, manufacturing, agriculture, and transportation. Entrepreneurship is also encouraged here, and there are more than a few small business owners launching new ventures. The median age of residents is around 33, and the vast majority of residents are single and childless, which could bode well for those seeking to find “the one.”
Population: 294,757
Median Household Income: $69,991
Cost of Living: 93% of U.S. average
Average Rent Price: $1,247/month
Home Price-to-Income Ratio: 3.9
3. La Vista
La Vista is also a suburb of Omaha, and it manages to combine the best of both worlds, in terms of a small-town feel and big-city amenities. Young professionals will find plenty of affordable rental housing here. It’s perfectly situated for a short commute, though there are a good many job opportunities to be had in La Vista if you’re not interested in driving to Omaha.
Population: 16,346
Median Household Income: $78,145
Cost of Living: 93% of U.S. average
Average Rent Price: $1,359/month
Home Price-to-Income Ratio: 3.7
Best Places to Live in Nebraska for Retirees
Good news: Starting in 2025, Nebraska no longer taxes Social Security benefits. These Nebraska cities may be suited for those seeking a lower cost of living in their later years.
1. Beatrice
Photo credit: Flickr/Jasperdo , Creative Commons Attribution-NonCommercial-NoDerivs 2.0 Generic
Beatrice sits about 40 minutes from Lincoln, making it close enough for day trips to visit doctors, check in on friends, or just go sightseeing. One in five people here is 65 or over. The local senior center regularly sponsors events and activities that are designed to encourage retirees to connect with their community.
Population: 12,262
Median Household Income: $54,583
Cost of Living: 82% of U.S. average
Average Rent Price: $975/month
Home Price-to-Income Ratio: 3.1
2. South Sioux City
Photo credit: Flickr/Jerry Huddleston , Creative Commons Attribution 2.0 Generic
South Sioux City is uniquely situated along the Nebraska border and sits directly across the Missouri River from Sioux City, Iowa. It’s about halfway between Omaha and Sioux Falls, South Dakota, making it a potentially ideal spot for retirees who want to routinely travel to any of these cities. There’s plenty of local history to soak up as well as numerous scenic trails for stretching your legs. The home price-to-income ratio is low enough to make housing affordable even for seniors living on a fixed income in retirement.
Population: 13,856
Median Household Income: $68,397
Cost of Living: 86% of U.S. average
Average Rent Price: $950/month
Home Price-to-Income Ratio: 3.0
3. Sidney
Photo credit: Flickr/Jasperdo , Creative Commons Attribution-NonCommercial-NoDerivs 2.0 Generic
Sidney is located in western Nebraska, not far from the Colorado and Wyoming borders. It offers the epitome of small-town living and may be perfect for retirees who are looking for a cozy community in which to spend their golden years. The local senior center offers daily activities to help retirees stay active and involved alongside their peers. Sidney has one of the lowest price-to-income ratios on our list, which might make it attractive for retirees who want to own a home.
Population: 6,423
Median Household Income: $51,704
Cost of Living: 78% of U.S. average
Average Rent Price: $1,300/month
Home Price-to-Income Ratio: 2.9
💡 Quick Tip: If you refinance your mortgage and shorten your loan term, you could save a substantial amount in interest over the lifetime of the loan.
Best Places to Live in Nebraska Near the Water
Nebraska has its fair share of man-made beaches as well as rivers and creeks for those who like spending time on the water. Here are some of the most affordable places to settle.
1. Burwell
Burwell is a hotspot for those who enjoy boating, fishing, skiing, and other water sports. The Calamus Reservoir State Recreation Area is perfect for a weekend camping trip and there are 31 miles of sandy beaches to lounge on (though, because there are no lifeguards on duty, swimming is at your own risk).
Population: 1,020
Median Household Income: $64,821
Cost of Living: 77% of U.S. average
Average Rent Price: N/A
Home Price-to-Income Ratio: 5.9
2. Fremont
Photo credit: iStock/Wirestock
Fremont could be a dream place to live for anyone who loves being close to the water. Fremont Lakes State Park is where you’ll find residents boating, swimming, camping, and picnicking when the weather is nice. If that’s not exciting enough, you can book an airboat tour along the Platte River, which is a great opportunity to catch a glimpse of the local wildlife. Unsure whether it makes sense to switch from renting to buying? Visit the home loan help center to learn more about how the process works.
Population: 27,602
Median Household Income: $67,179
Cost of Living: 89% of U.S. average
Average Rent Price: $1,375/month
Home Price-to-Income Ratio: 3.4
3. Grand Island
Photo credit: iStock/Jacob Boomsma
Grand Island is also close to the Platte River, but there are other ways to enjoy the water here. For example, if you have kids, you might take them to the Island Oasis Water Park for some splashy fun. In the spring, you can observe the migration of the sandhill cranes, which draws over one million waterfowl to the area.
Population: 52,622
Median Household Income: $62,439
Cost of Living: 85% of U.S. average
Average Rent Price: $1,250/month
Home Price-to-Income Ratio: 3.9
The Takeaway
Nebraska could certainly make it to your shortlist if you’re looking for an affordable place to live. When deciding which city or town might be best, consider what’s most important to you. All of the places we’ve recommended have a cost of living that’s below the national average, but some are less expensive than others. Housing costs aside, think about what else is a must-have, whether it’s dining, nightlife, shopping, or plenty of green spaces.
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.
Browse Other States
FAQ
Is Nebraska a good place to live for 2025?
Nebraska is a good place to live if you’re looking for affordable housing and a low cost of living. Rent prices are well below the national median in most areas of the state, and there are plenty of homes listed for sale at reasonable prices.
Where is the most beautiful place to live in Nebraska?
Papillon has a reputation for being one of the most scenic places to live in Nebraska. There are plenty of outdoor areas where residents can enjoy nature, and the city has a calm, peaceful vibe.
Where is the cheapest and nicest place to live in Nebraska?
Gering ranks as one of the least expensive and nicest cities to live in Nebraska. It’s a small town, but if you don’t mind that, you’ll enjoy the quaint feel and the low cost of living.
SoFi Loan Products
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.
SoFi Mortgages
Terms, conditions, and state restrictions apply. Not all products are available in all states. See SoFi.com/eligibility-criteria for more information.
*SoFi requires Private Mortgage Insurance (PMI) for conforming home loans with a loan-to-value (LTV) ratio greater than 80%. As little as 3% down payments are for qualifying first-time homebuyers only. 5% minimum applies to other borrowers. Other loan types may require different fees or insurance (e.g., VA funding fee, FHA Mortgage Insurance Premiums, etc.). Loan requirements may vary depending on your down payment amount, and minimum down payment varies by loan type.
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.
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.
Tax Information: This article provides general background information only and is not intended to serve as legal or tax advice or as a substitute for legal counsel. You should consult your own attorney and/or tax advisor if you have a question requiring legal or tax advice.
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.
SoFi Bank, N.A. (NMLS #696891) does not perform any activity that is or could be construed as unlicensed real estate activity, and SoFi is not licensed as a real estate broker. Agents of SoFi are not authorized to perform real estate activity.
If your property is currently listed with a REALTOR®, please disregard this notice. It is not our intention to solicit the offerings of other REALTORS®.
Reward is valid for 18 months from date of enrollment. After 18 months, you must re-enroll to be eligible for a reward.
SoFi loans subject to credit approval. Offer subject to change or cancellation without notice.
The trademarks, logos and names of other companies, products and services are the property of their respective owners.
SOHL-Q125-106
Best Affordable Places to Live in Indiana in 2025
Best Affordable Places to Live in Indiana in 2025

(Last Updated – 03/2025)
Indiana is in the heart of the Midwest, filled with sprawling farmlands. You’ll experience all four seasons in the Hoosier State, with warm summers, freezing winters, and rewarding springs and falls.
Racing fans flock to Indianapolis for the Indy 500, while college football and basketball attract students — and spectators — to the University of Notre Dame and Indiana University, respectively. And if you love Christmas, you’ll want to spend time in Indiana’s charming Santa Claus town. Enjoy the outdoors? Head north to explore Indiana Dunes National Park and the beaches of Lake Michigan.
But Indiana is more than just a place to grow corn and watch a football game. It’s also a great place to build your life. In fact, Indiana is among the most affordable places to live, with a cost of living that is 12% below the national average and a median household income of just over $70,000.
Thinking of buying a home in Indiana? Property taxes are also lower than the national average. Of course, Indiana is a large state with plenty of areas to consider. Below, you’ll find our guide to the best places to live in Indiana, based on your goals and needs.
Best Places to Live in Indiana
Finding the best place to live in Indiana really comes down to your wants, needs, and budget. Young adults may be more interested in the nightlife and job opportunities of places like Indianapolis and South Bend. Retirees may prefer to spend time on the water, living in a town near Lake Michigan. Families might appreciate the school districts in some of Indiana’s best suburbs.
To help you out, we’ve broken down the best places in Indiana to live based on several different categories. Use these lists to narrow down your search for your Indiana dream home.
💡 Quick Tip: SoFi’s Lock and Look + feature allows you to lock in a low mortgage financing rate for 90 days while you search for the perfect place to call home.
Best Affordable Places to Live in Indiana
If you’ve been examining the cost of living by state, you’ve likely found that Indiana is one of the most affordable places to live in the whole country. But where you settled down in the state can still impact your finances. Below, we’ve rounded up five of the best affordable places to live in the Hoosier State.
1. Kokomo
Photo credit: iStock/William Reagan
Kokomo, Indiana, is an affordable place to live, with plenty of free things to do for families on a budget. The downtown area is walkable, and you’ll find plenty of parks and trails to explore. The economy here relies on manufacturing, services, and agriculture. In late 2024, the U.S. government committed to helping to fund two new electric battery plants in Kokomo, which would bring 2,800 jobs to the area.
Population: 59,890
Median Household Income: $54,195
Cost of Living: 81% of U.S. average
Average Rent Price: $1,150
Home Price-to-Income Ratio: 3.0
2. South Bend
Photo credit: iStock/DenisTangneyJr
Over the last decade and a half, South Bend has undergone a major revitalization effort that has made it an even more desirable place to live. It’s now filled with pedestrian-friendly streets, new housing units, and more job opportunities. The desirability of the town has, however, sent rent and housing prices up, but overall, South Bend has a low cost of living. If you’re looking to buy, you likely won’t need a jumbo mortgage loan.
Population: 103,395
Median Household Income: $52,512
Cost of Living: 91% of U.S. average
Average Rent Price: $1,200
Home Price-to-Income Ratio: 3.5
3. Fort Wayne
Photo credit: iStock/Davel5957
Fort Wayne offers an abundance of job opportunities in manufacturing, but as you leave the city center, you’ll find that the area’s main source of income is agriculture. As a larger city in the Hoosier State, Fort Wayne offers plenty to do, from zoos and museums to restaurants and theaters.
Population: 269,994
Median Household Income: $60,293
Cost of Living: 89% of U.S. average
Average Rent Price: $1,150
Home Price-to-Income Ratio: 3.8
Best Places to Live in Indiana for Families
Families considering a move to or within Indiana are typically looking for a quiet suburb or small town with plenty of activities for kids; good schools are a draw, too. Here are our top picks for places to live in Indiana for families:
1. Carmel
Photo credit: iStock/Purdue9394
This suburban town north of Indianapolis is close enough to the big city that families have plenty to do (and plenty of job opportunities), but it’s away from the loud hustle and bustle of downtown. Carmel offers families lots of good features: ample shopping centers, plenty of outdoor spaces, and a delightful arts district. Parents will especially appreciate its well-reviewed schools. If you’re planning to buy a house in Carmel, review the different types of mortgage loans available to you before making a decision.
Population: 102,296
Median Household Income: $134,602
Cost of Living: 94% of U.S. average
Average Rent Price: $2,400
Home Price-to-Income Ratio: 3.9
2. Indianapolis
Photo credit: iStock/Sean Pavone
The capital of Indiana offers everything a family needs. There’s always something going on downtown, and you have easy access to restaurants, health care, and entertainment, including a fantastic zoo. Parents like the school system here. If your family likes peace and quiet, however, this busy city might not be right for you. But if you are ready to settle, explore tips to qualify for a mortgage for a home within your price range.
Population: 879,293
Median Household Income: $62,995
Cost of Living: 93% of U.S. average
Average Rent Price: $1,450
Home Price-to-Income Ratio: 3.5
3. South Bend
Photo credit: iStock/DenisTangneyJr
South Bend has flourished in recent years, so it’s making its second appearance on our list. The city is a great, peaceful place to raise a family. Families focused on education will appreciate the well-regarded school system. Plus, there’s plenty for families to do throughout town. Howard Park offers ice skating and an immense, ADA-accessible playground with activities for children from ages 2 to 12. If you’re interested in buying in South Bend, learn how the mortgage preapproval process works first.
Population: 103,395
Median Household Income: $51,512
Cost of Living: 91% of U.S. average
Average Rent Price: $1,200
Home Price-to-Income Ratio: 3.5
Best Places to Live in Indiana for Young Adults
Young adults in Indiana often prioritize a location because of its colleges, nightlife, and job opportunities. Here are some of the best places in Indiana to live if you’re just leaving high school or college.
1. Indianapolis
Photo credit: iStock/Sean Pavone
Young adults can’t go wrong with Indianapolis. There’s so much to do downtown, from sporting events to dueling piano bars to the zoo to fine dining. Meet friends for a cup of coffee and a walk around the canals. Job opportunities can be found in the city’s financial district, and the city is a major employer in the health care sector, with Eli Lilly & Co., Cummins, and Salesforce among top employers.
Population: 879,293
Median Household Income: $62,995
Cost of Living: 93% of U.S. average
Average Rent Price: $1,450
Home Price-to-Income Ratio: 3.5
2. Fort Wayne
Photo credit: iStock/Davel5957
Fort Wayne is the second largest city in Indiana, meaning there are ample job opportunities for young professionals plus plenty of nightlife. You’ll find sports bars, wine and martini bars, comedy clubs, and restaurants — you can even try your hand at axe throwing. Of course, Fort Wayne is also appealing for its abundance of jobs; the major employers in the city include Parkview Health, General Motors, Lutheran Health Network, Streetwater Sound, Lincoln Financial Group, and Amazon. Check our guide designed for first-time homebuyers to see what next steps you should take if you’re interested in a home purchase.
Population: 269,994
Median Household Income: $60,293
Cost of Living: 89% of U.S. average
Average Rent Price: $1,150
Home Price-to-Income Ratio: 3.8
3. South Bend
Photo credit: iStock/DenisTangneyJr
South Bend attracts college hopefuls who bleed blue and gold, but there’s a lot here even if you don’t attend Notre Dame. At the start of the century, South Bend was a dying town, but major revitalization has made the town attractive once again. Over the last decade and a half, as the town was revitalized, unemployment fell; a tech hub now occupies the long-shuttered Studebaker auto plant. Plus, there’s plenty for young adults to do after work hours, with a vibrant downtown teeming with restaurants and bars. And it’s a short drive to Lake Michigan for a day on the water. South Bend also has its own airport, making it easy to travel.
Population: 103,395
Median Household Income: $52,512
Cost of Living: 91% of U.S. average
Average Rent Price: $1,200
Home Price-to-Income Ratio: 3.5
💡 Quick Tip: Backed by the Federal Housing Administration (FHA), FHA loans provide those with a fair credit score the opportunity to buy a home. They’re a great option for first-time homebuyers.
Best Places to Live in Indiana for Retirees
Whether you’re looking for a quiet, affordable place to settle down in retirement, a spot to enjoy the water, a place known for its top-notch health care, or simply a location that affords you easy access to your grandkids by plane or car, Indiana is full of great spots for retirees.
1. Muncie
Photo credit: iStock/lydiabilby
In 2022, a Census Data Report named Muncie the third best place to retire in America. And it’s easy to see why: The cost of living is lower than the national average, there are plenty of parks and trails to enjoy, and Muncie offers a healthy downtown with plenty of ways for seniors to get involved in the community. Muncie is also not far from Indianapolis, but might be friendlier than the big city to those on a fixed retirement budget. The area also is home to Ball State University, which offers performing arts events for the public, and Indiana University Health Ball Hospital. And when grandkids visit, there’s Muncie Children’s Museum and the local planetarium. There are several retirement communities here, as well as assisted living communities for those who need more care.
Population: 65,081
Median Household Income: $43,395
Cost of Living: 81% of U.S. average
Average Rent Price: $900
Home Price-to-Income Ratio: 3.2
2. Michigan City
Photo credit: iStock/Ron and Patty Thomas
You read that right: Michigan City is in Indiana. And it offers entertainment for retirees with any interests — a botanic garden for outdoorsy types, a casino, historic sites, plus the Lake Michigan lakefront (which is why it’s also on our list of best affordable cities near the water). A home that isn’t on the waterfront will be the most affordable choice here, and fortunately there are lots of ranch-style homes available, ideal for seniors who don’t want to climb stairs. Visit a home loan help center if you’re thinking about making a purchase in Michigan City.
Population: 31,659
Median Household Income: $52,979
Cost of Living: 88% of U.S. average
Average Rent Price: $1,200
Home Price-to-Income Ratio: 3.2
3. Santa Claus
Photo credit: Flickr/tengrrl , Creative Commons Attribution-ShareAlike 2.0 Generic
Imagine how eager your grandchildren would be to visit when they hear you live in a town called Santa Claus. There’s plenty to enjoy in retirement here — even without the long, white beard. Santa Claus is also neatly sandwiched between Louisville, St. Louis, and Indianapolis, giving you plenty of fun day trips to take whenever you’re up for some adventure.
Population: 2,822
Median Household Income: $101,875
Cost of Living: 90% of U.S. average
Average Rent Price: $2,200
Home Price-to-Income Ratio: 2.7
Best Places to Live in Indiana Near the Water
Indiana may not have massive mountains or ocean views, but the Hoosier State has access to Lake Michigan, as well as several smaller lakes. And hey, the sand dunes are pretty cool, too! Here are five of the best places to live in Indiana near the water:
1. Michigan City
Photo credit: iStock/Ron and Patty Thomas
The best lake town in Indiana shares a name with the state’s nearby neighbor. This waterfront city offers stunning views of Lake Michigan and is ideal for boaters. But there’s more to do than just get out on the water; in Michigan City, you might ride your bike along stunning trails, take a trip to Indiana Dunes National Park, check out the botanical gardens, or grab a glass of regional wine at Shady Creek Winery. If you expect a home with a water view, you’ll pay big time in Michigan City. As you move farther south of the beach, however, property becomes more affordable. Review our guide to mortgage prequalification vs. preapproval before looking for a lender for your new home.
Population: 31,659
Median Household Income: $52,979
Cost of Living: 88% of U.S. average
Average Rent Price: $1,200
Home Price-to-Income Ratio: 3.2
2. Gary
Photo credit: iStock/DenisTangneyJr
Gary doesn’t offer views of the lake like Michigan City does, but it’s not far at all from Lake Michigan and the Miller Beach area has relatively pristine lake frontage and Indiana Dunes National Park is nearby. If you love boating but want to live somewhere slightly more affordable, Gary could be the perfect spot. Its proximity to Chicago (half an hour by car when the traffic is light) is a nice bonus. The average value of a home here is under $80,000, one of the lowest on our list.
Population: 67,652
Median Household Income: $37,380
Cost of Living: 88% of U.S. average
Average Rent Price: $1,295
Home Price-to-Income Ratio: 2.1
3. Fishers
Photo credit: iStock/William Reagan
A popular suburb of Indianapolis, Fishers offers access to all that the city has to offer, but avid boaters, kayakers, and, well, fishers will find plenty of water activities here. Fishers is far south of Lake Michigan, but the city butts up against the Geist Reservoir, which offers ample opportunities to get out on the water and enjoy the sunshine. Buying a house near the water could be pricey, but if you’re open to living elsewhere in Fishers, prices start in the mid-$200,000 range. If you already own in the Indianapolis area and are thinking about staying put, you might get lower payments if you consider a mortgage refinance.
Population: 104,094
Median Household Income: $128,141
Cost of Living: 107% of U.S. average
Average Rent Price: $2,195
Home Price-to-Income Ratio: 3.3
The Takeaway
Ready to move to or within Indiana? The Hoosier State is full of great places to live; it’s just a matter of weighing your wants, needs, and budget. The good news is that housing markets are cool in many of the cities on this list. So you can spend some time exploring the best areas for you.
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.
Browse Other States
FAQ
Where is the cheapest place to live in Indiana?
Two of the most affordable places to live in Indiana are Kokomo and Muncie. Other rural areas and smaller towns throughout the Hoosier State likely have even lower costs of living, but they may also have fewer job opportunities.
Where is the most desirable place to live in Indiana?
The most desirable place to live in Indiana depends on what you want out of where you live. If you enjoy the outdoors, consider Michigan City, where you’re near the sand dunes and Lake Michigan. If you like an active nightlife and sports, consider Indianapolis, South Bend, or Fort Wayne. If you’re raising a family, think about peaceful suburbs like Carmel.
What is the best part of living in Indiana?
There are many great things about living in Indiana. As a whole, the state has a lower than average cost of living, and there are job opportunities in agriculture, health care, education, automotive, manufacturing, and tech. There is also plenty to do, including museums, sports teams, and outdoor recreation.
SoFi Loan Products
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.
SoFi Mortgages
Terms, conditions, and state restrictions apply. Not all products are available in all states. See SoFi.com/eligibility-criteria for more information.
¹FHA loans are subject to unique terms and conditions established by FHA and SoFi. Ask your SoFi loan officer for details about eligibility, documentation, and other requirements. FHA loans require an Upfront Mortgage Insurance Premium (UFMIP), which may be financed or paid at closing, in addition to monthly Mortgage Insurance Premiums (MIP). Maximum loan amounts vary by county. The minimum FHA mortgage down payment is 3.5% for those who qualify financially for a primary purchase. SoFi is not affiliated with any government agency.
*SoFi requires Private Mortgage Insurance (PMI) for conforming home loans with a loan-to-value (LTV) ratio greater than 80%. As little as 3% down payments are for qualifying first-time homebuyers only. 5% minimum applies to other borrowers. Other loan types may require different fees or insurance (e.g., VA funding fee, FHA Mortgage Insurance Premiums, etc.). Loan requirements may vary depending on your down payment amount, and minimum down payment varies by loan type.
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.
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.
Tax Information: This article provides general background information only and is not intended to serve as legal or tax advice or as a substitute for legal counsel. You should consult your own attorney and/or tax advisor if you have a question requiring legal or tax advice.
+Lock and Look program: Terms and conditions apply. Applies to conventional purchase loans only. Rate will lock for 91 calendar days at the time of preapproval. An executed purchase contract is required within 60 days of your initial rate lock. If current market pricing improves by 0.25 percentage points or more from the original locked rate, you may request your loan officer to review your loan application to determine if you qualify for a one-time float down. SoFi reserves the right to change or terminate this offer at any time with or without notice to you.
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.
SoFi Bank, N.A. (NMLS #696891) does not perform any activity that is or could be construed as unlicensed real estate activity, and SoFi is not licensed as a real estate broker. Agents of SoFi are not authorized to perform real estate activity.
If your property is currently listed with a REALTOR®, please disregard this notice. It is not our intention to solicit the offerings of other REALTORS®.
Reward is valid for 18 months from date of enrollment. After 18 months, you must re-enroll to be eligible for a reward.
SoFi loans subject to credit approval. Offer subject to change or cancellation without notice.
The trademarks, logos and names of other companies, products and services are the property of their respective owners.
SOHL-Q125-093
New Mexico: Best Affordable Places to Live
Best Affordable Places to Live in New Mexico in 2025

(Last Updated – 03/2025)
Alongside its natural beauty and delicious cuisine featuring green chiles, New Mexico also offers residents a lower-than-average cost of living (about 5% lower than the national average), thanks to below-average housing and utilities costs.
If you’re considering making a move, keep reading for a breakdown of some of the best places to live in New Mexico.
Best Places to Live in New Mexico
When looking for the best places in New Mexico to live, the good news is you’ll have a lot of great cities and small towns to choose from. From more metropolitan options to quieter suburbs, here are some of the most affordable options in New Mexico and which locations could be the best fit depending on what stage of life you’re in. You’ll also find diverse landscapes and climates (if you like clear skies, know that Albuquerque, for example, averages 310 sunny days a year).
💡 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 New Mexico
If you love the Southwest and rugged scenery, New Mexico may have what you’re looking for. These are some of the most affordable places to live in New Mexico where you can enjoy the state’s natural beauty without sticker shock.
1. Portales
Photo credit: Flickr/Jimmy Emerson, DVM , Creative Commons Attribution-NonCommercial-NoDerivs 2.0 Generic
If you like a small-town feel and are looking to save on housing costs, then Portales, home to Eastern New Mexico University, could be a good fit. Cannon Air Force base is nearby, and the peanut and dairy industries also have a significant footprint in the local economy.
Population: 11,859
Median Household Income: $51,290
Cost of Living: 75% of U.S. average
Average Rent Price: $875
Home Price-to-Income Ratio: 2.65
2. Clovis
Photo credit: Flickr/stephenhanafin , Creative Commons Attribution-ShareAlike 2.0 Generic
Clovis can be a welcome community for those wanting to settle in New Mexico. It’s close to the Texas border, and the Cannon Air Force base is right outside town. The area is known for its rodeo events and music festivals. Locals and visitors enjoy the town’s zoo and 17 parks, as well as checking out the restaurants (from Spanish to Japanese) and breweries.
To compete more effectively in the market when home shopping, think about going through the mortgage preapproval process before your search heats up.
Population: 37,612
Median Household Income: $54,029
Cost of Living: 80% of U.S. average
Median Rent Price: $1,135
Home Price-to-Income Ratio: 2.98
3. Grants
Photo credit: Flickr/Jasperdo , Creative Commons Attribution-NonCommercial-NoDerivs 2.0 Generic
Located on Route 66 and featuring an active downtown commercial area, Grants is a welcoming community that is a good fit no matter what stage of life you’re in. El Malpais National Monument, with its jaw-dropping volcanic landscape, is just outside town, and Albuquerque, with its more urban attractions, is about an hour away.
Population: 8,996
Median Household Income: $49,286
Cost of Living: 83% of U.S. average
Average Rent Price: $750
Home Price-to-Income Ratio: 2.75
Best Places to Live in New Mexico for Families
If you have a couple of little ones or are planning on expanding your family, then you’re likely curious about what places in New Mexico families might like. Here’s a closer look at some family-friendly cities. If you find a place you’d like to move to, visit a home loan help center to learn more about the mortgage process.
1. Los Alamos
Photo credit: iStock/benedek
Located on a mountain plateau not far from Santa Fe and Taos and many parks and protected lands, Los Alamos is home to the Los Alamos National Laboratory, which is also its main employer. Families might appreciate that, per capita, the population has exceptionally high levels of education, and the high-ranking school district here is appreciated by parents. There are a few primarily science-focused museums for families to explore as well.
If you’re buying one of the more expensive properties here, you might require a jumbo mortgage loan in order to make your purchase.
Population: 13,179
Median Household Income: $136,502
Cost of Living: 101% of U.S. average
Average Rent Price: $2,500
Home Price-to-Income Ratio: 4.23
2. Rio Rancho
Photo credit: iStock/WesternWriter
Families are often drawn to the highly ranked public schools in Rio Rancho. When the kids aren’t hard at work, they can enjoy a lot of fun in this community. From outdoor parks to indoor trampoline centers that help beat the summer heat, there’s no shortage of good times to be found in Rio Rancho.
If you enter the market at a competitive moment, it can be wise to understand mortgage prequalification vs. preapproval and the right time in your search to explore these steps.
Population: 110,660
Median Household Income: $85,755
Cost of Living: 97% of U.S. average
Average Rent Price: $2,145
Home Price-to-Income Ratio: 4.06
3. Roswell
Photo credit: iStock/DenisTangneyJr
If you’re looking for a kid-friendly city to raise your brood in, Roswell has a lot to offer. From the Chattahoochee River to the many UFO attractions to zoos to cinemas, there is no shortage of family-friendly fun waiting for you in Roswell. Add to that its lower-than-average cost of living, and you may understand why this is a popular community for clans with youngsters.
Population: 47,109
Median Household Income: $50,294
Cost of Living: 87% of U.S. average
Average Rent Price: $1,376
Home Price-to-Income Ratio: 3.02
Recommended: Tips to Qualify for a Mortgage
Best Places to Live in New Mexico for Young Adults
If you are a recent grad or young professional looking to make the most out of your career and your downtime, consider putting down roots in some of the best places to live in New Mexico for young adults.
1. Albuquerque
Photo credit: iStock/Sean Pavone
Young adults often like to skip the sleepy suburbs in favor of a bit more hustle and bustle. With over half a million residents in Albuquerque, the largest city in New Mexico, young adults have a lot of opportunities to meet friends, date, and expand their professional network.
If you’re thinking of purchasing a home, it would be wise to explore first-time homebuyer programs in New Mexico.
Population: 560,274
Median Household Income: $65,604
Cost of Living: 92% of U.S. average
Average Rent Price: $1,650
Home Price-to-Income Ratio: 5.02
2. Los Alamos
Photo credit: iStock/benedek
When first starting out, young adults tend to earn lower salaries, but it can be a smart move to settle in an area with a high earning potential. Home to the University of New Mexico and Los Alamos National Laboratory, Los Alamos offers ample opportunities for growth. It’s also not far from Santa Fe and other larger cities that may offer job options.
Population: 13,179
Median Household Income: $136,502
Cost of Living: 101% of U.S. average
Average Rent Price: $2,500
Home Price-to-Income Ratio: 4.23
3. Roswell
Photo credit: iStock/DenisTangneyJr
Roswell can be a great place to make new friends and enjoy single life before settling down to start a family — not to mention the hundreds of job opportunities available, so finding that great first job should be doable. This can be an affordable place to call home when budgeting on an entry-level salary.
Population: 47,109
Median Household Income: $50,294
Cost of Living: 87% of U.S. average
Average Rent Price: $1,376
Home Price-to-Income Ratio: 3.02
Recommended: First-Time Homebuyer Guide
Best Places to Live in New Mexico for Retirees
Settling down somewhere warm and sunny for retirement doesn’t sound too bad, does it? Some parts of New Mexico will be perfect in that way. While some areas of the state do get chilly in winter, there’s natural beauty all around that can be worth bundling up for. Here are some of the best places to live in New Mexico for retirees.
1. Los Alamos
Photo credit: iStock/benedek
If you want to live where seniors make up a good chunk of the population, consider Los Alamos, where almost 17% of residents are over the age of 65. It’s easy to meet new people in Los Alamos, thanks to the wide range of attractions like museums, parks, and senior centers.
If you’re planning to buy a home, explore the different types of mortgage loans to see how your payments would be affected by your loan type.
Population: 13,179
Median Household Income: $136,502
Cost of Living: 101% of U.S. average
Average Rent Price: $2,500
Home Price-to-Income Ratio: 4.23
2. Ruidoso
Photo credit: iStock/Esdelval
Located near the Sierra Blanca mountains, this quaint town has a tranquil pace to daily life. A plethora of wineries and riverfront activities is likely to ensure kids and grandkids will keep coming back for fun visits. Exploring the outdoors is a popular way to spend time here (from kayaking to skiing), and just taking in the views of the snow-capped mountains add to the quality of life in Ruidoso, too.
Population: 7,663
Median Household Income: $50,259
Cost of Living: 88% of U.S. average
Average Rent Price: $1,600
Home Price-to-Income Ratio: 6.70
3. Rio Rancho
Photo credit: iStock/WesternWriter
Rio Rancho offers a range of retiree amenities through its senior centers and services. The Meadowlark Senior Center provides recreational, social, and educational classes and programs, while the Broadmoor Senior Center serves as an additional hub for lifelong learning, offering health, fitness, and nutrition classes, as well as cultural and technology activities. Rio Rancho’s Senior Services Advisory Board plays a pivotal role in shaping and enhancing these offerings, ultimately enriching the retirement experience there.
Population: 110,660
Median Household Income: $85,755
Cost of Living: 97% of U.S. average
Average Rent Price: $2,145
Home Price-to-Income Ratio: 4.06
💡 Quick Tip: If you refinance your mortgage and shorten your loan term, you could save a substantial amount in interest over the lifetime of the loan.
Best Places to Live in New Mexico Near the Mountains
New Mexico boasts more than 2,900 named mountains, the highest being Wheeler Peak at 13,161 feet, north of Santa Fe. So it should be easy to find a mountain town where you can settle down.
1. Taos

Photo credit: iStock/JacobH
Taos residents of any age enjoy the scenery here. Taos lies in the southern Rocky Mountains and is near the Sangre de Cristo range. Williams Lake is a picturesque mountain lake that combines the best of both worlds, mountains and water. There’s also the beloved historic Taos Pueblo less than 10 minutes from the center of town. While homeownership can be pricey, renting can offer an affordable way to enjoy the Taos lifestyle.
Population: 6,427
Median Household Income: $46,579
Cost of Living: 101% of U.S. average
Average Rent Price: $1,945
Home Price-to-Income Ratio: 9.60
2. Aztec
Photo credit: iStock/Jeffrey Ross
Aztec is near the Angel Peak Scenic Area and offers more than 30 miles of mountain biking trails, not to mention hiking, bird-watching, and lake access. You can explore the history of the Puebloan ruins or visit the Aztec Speedway for an adrenaline-pumping show.
Population: 6,130
Median Household Income: $42,699
Cost of Living: 84% of U.S. average
Average Rent Price: $975
Home Price-to-Income Ratio: 4.70
3. Ruidoso
Photo credit: iStock/Esdelval
Between lakes and wineries, there’s no shortage of ways to enjoy the many recreational options that come with living in Ruidoso, located in the Sacramento Mountains at 6,900 feet elevation. Want every day to feel like a vacation? You’ll fit right into this small town.
Population: 7,663
Median Household Income: $50,259
Cost of Living: 88% of U.S. average
Average Rent Price: $1,600
Home Price-to-Income Ratio: 6.70
The Takeaway
When deciding to move to New Mexico, in addition to looking at what the state has to offer, it’s important that you narrow your focus to what the individual cities are like. There are so many different cities in New Mexico that can appeal to different buyers based on affordability or the lifestyle they promote. From cities to tranquil rural areas, many options in New Mexico can provide an affordable homebase.
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.
Browse Other States
FAQ
Where is the most affordable place to live in New Mexico?
With average rents well under $1,000 a month, Grants and Portales can be among the most affordable spots to call home in New Mexico. Overall, the state’s cost of living is below the national average.
What is the nicest area to live in New Mexico?
Which is the nicest area to live in New Mexico will depend on what matters most to you. There are plenty of nice places to live in New Mexico, but mountain towns like Taos and Aztec offer unparalleled views and access to the natural beauty of New Mexico. Or, for those who prefer a more urban setting, Albuquerque or Santa Fe (which has a lively restaurant scene) might be preferable.
Is it a good idea to move to New Mexico?
Whether or not it’s a good idea for you to move to New Mexico depends entirely on your unique preferences, budget, and lifestyle. Luckily, New Mexico is one of the more affordable states to live in on average and has a lot of natural beauty to offer residents.
SoFi Loan Products
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.
SoFi Mortgages
Terms, conditions, and state restrictions apply. Not all products are available in all states. See SoFi.com/eligibility-criteria for more information.
*SoFi requires Private Mortgage Insurance (PMI) for conforming home loans with a loan-to-value (LTV) ratio greater than 80%. As little as 3% down payments are for qualifying first-time homebuyers only. 5% minimum applies to other borrowers. Other loan types may require different fees or insurance (e.g., VA funding fee, FHA Mortgage Insurance Premiums, etc.). Loan requirements may vary depending on your down payment amount, and minimum down payment varies by loan type.
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.
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.
Tax Information: This article provides general background information only and is not intended to serve as legal or tax advice or as a substitute for legal counsel. You should consult your own attorney and/or tax advisor if you have a question requiring legal or tax advice.
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.
SoFi Bank, N.A. (NMLS #696891) does not perform any activity that is or could be construed as unlicensed real estate activity, and SoFi is not licensed as a real estate broker. Agents of SoFi are not authorized to perform real estate activity.
If your property is currently listed with a REALTOR®, please disregard this notice. It is not our intention to solicit the offerings of other REALTORS®.
Reward is valid for 18 months from date of enrollment. After 18 months, you must re-enroll to be eligible for a reward.
SoFi loans subject to credit approval. Offer subject to change or cancellation without notice.
The trademarks, logos and names of other companies, products and services are the property of their respective owners.
SOHL-Q125-110