One thing this ongoing economic downturn forced was an increasing sensitivity in both individuals and businesses to the comparative costs of living—and ultimately the cost of doing business.
Kiplinger reported the 10 most-affordable cities based on analyses by the Council for Community and Economic Research’s quarterly calculation of living expenses. Kiplinger excluded cities less than 50,000 in total population.
The U.S. is given an index of 100 as the national average with 314 cities ranked above or below the national average. To view the methodology in calculating the index, click here.
The conclusion? Affordability does not require a weak economy, as a myriad of factors can come into play. And my expectation? Most of these of cities will continue to expand, and in most circumstances, remain affordable.