Aug 19, 2024, 2:41 PM
Aug 19, 2024, 2:41 PM

Green Bay Ranked Most Affordable City

Highlights
  • Green Bay, Wisconsin ranked as the most affordable city to live in the country.
  • Two other Midwestern cities also made it to the top three on the list.
  • Affordability in cities plays a significant role in quality of life and cost of living.
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, considering 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, with a median home price of $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, while Wichita, Kansas, also tied for second place, is recognized as the "air capital of the world." The report highlights Wichita's low median home sales price of $210,000 as of March 2023, making it an attractive option for prospective homebuyers. Rapid City, South Dakota, secured the third position, 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, came in fourth with a median home cost of just $139,000. Broken Arrow, Oklahoma, rounded out 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, further showcasing the Midwest's appeal in terms of affordability and quality of life.

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