6 Smaller Cities Millennials Are Flocking To
For many millennials, priorities have shifted toward family stability and long-term financial security. This often means working remotely or in places with a higher quality of life and greater affordability than big cities.
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As such, it’s no surprise that many millennials are turning toward smaller cities where the cost of living is lower and housing is more affordable. Even if that means sacrificing the convenience of city living, it’s often worth it in the long run.
Asheville, North Carolina
Asheville is home to around 95,056 people and is one of North Carolina’s bigger “small” cities. The cost of living is 4% higher than the state average, but 1% lower than the national average.
On average, someone living in Asheville will pay around $1,221 a month, excluding rent. This is significantly lower than what someone residing in a big city would pay. In contrast, the cost of rent is 50.4% lower in Asheville than in New York City.
Notably, Asheville has a slightly higher home value than other small cities on this list. According to Zillow, the average home goes for $473,596.
Cost aside, Asheville is a robust city with many beautiful locations and things to see nearby such as The Biltmore and mountains. This makes it a great place to live for those who enjoy outdoor living.
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Spartanburg, South Carolina
Spartanburg has a significantly smaller population of 39,040. However, it’s only about an hour and a half away from Charlotte, North Carolina, so Spartanburg residents won’t lack for anything.
The cost of living in Spartanburg is 1% lower than the state average. It’s 8% lower than the national average.
As for the housing market, the average home value is $217,718 according to Zillow. Rental prices are also 69.1% less than they are in New York.
In terms of things to do for families, Spartanburg is home to the Hatcher Garden and Woodland Preserve, a charming downtown area, and multiple museums.
Lafayette, Louisiana
The population of Lafayette is 121,467, making it a smaller city with plenty to do. It’s home to some amazing Cajun culture, music, art, and cuisine.
The cost of living in Lafayette is 9% below the national average. Rental prices, when compared to New York, are 71.7% lower.
Notably, Zillow has reported a decline in the average home value of 2.0% over the past year. Homes currently go for about $215,210 on average, though. For millennials looking for a slightly more populated small city to purchase a home or raise a family, this could be a good option.
Charleston, South Carolina
Charleston has a long history and some of that old Southern charm. It’s also near the ocean, which is a plus for millennials who love the beach.
The town’s population is 155,369. While 6% higher than the state average, the cost of living is also reasonably low. Compared to big cities like New York, Charleston’s cost of living is 32.1% lower.
It’s important to note that the average home value is high at $562,825. For those seeking a more affordable starter home, it might be easier to rent or to choose another location on this list.
Rock Hill, South Carolina
Also located in South Carolina is Rock Hill. It’s home to 75,654 residents, making it a smaller city. However, it’s close to Charlotte, North Carolina. It also boasts quite a few attractions, such as Glencairn Garden and the Arts Council of York County.
The cost of living in Rock Hill is 6% lower than the national average. The average home price is $324,414, per Zillow data.
Spring Hill, Tennessee
Spring Hill has the second-smallest number of residents at just 57,637 people at last census. While data on the town is sparse, the cost of living in Tennessee is 10% less than the national average. Rent prices are also 63.4% less than they are in New York.
Spring Hill has an interesting blend of local historical sites, rustic countryside, and local shops. The cost of housing is a bit higher here at $507,076 on average. However, it’s still much more affordable than what millennials can find in bigger cities like Seattle or New York.
Interestingly, four of these cities are in the Carolinas. The other two, Lafayette and Spring Hill, are also in the South. While not every city in the South is affordable and offers an ideal quality of life, there’s certainly enough to attract millennials prioritizing their family happiness and financial stability.
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