Aug 17, 2024, 2:13 PM
Aug 17, 2024, 2:13 PM

Green Bay Named Most Affordable City in the U.S

Highlights
  • Green Bay, Wisconsin is ranked as the most affordable city in the U.S.
  • Midwestern cities dominate the top spots for affordability.
  • Residents in Green Bay enjoy a high quality of life at an affordable cost.
Story

Green Bay, Wisconsin, has been recognized as the most affordable city in the United States, according to a recent analysis by MarketWatch. The financial news site evaluated 223 of the largest cities in the country, focusing on factors such as rent, grocery costs, and home prices. Green Bay, the state's third-largest city located 120 miles north of Milwaukee, boasts a median monthly rent of $870 and grocery prices that are 15% lower than the national average. The median home price in the city stands at $245,000. Following Green Bay, Sioux City, Iowa, shares the second spot in affordability. Known for its central location in the state, Sioux City offers a favorable housing market, making it an attractive option for prospective homebuyers. Wichita, Kansas, also tied for second place, is recognized as the "air capital of the world" and has a median home sales price of $210,000 as of March 2023, further enhancing its appeal. Rapid City, South Dakota, rounds out the top three, distinguished by the lowest county unemployment rate in the nation at 1.5% and a median household income of $81,183. Springfield, Illinois, known for its historical significance as the home of Abraham Lincoln's tomb, secured fourth place with a median home cost of $139,000. Broken Arrow, Oklahoma, completed the top five, featuring the highest median income among the top ten cities at $102,700. Jackson, Mississippi, also made the list, landing in sixth place.

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