In this piece, we will take a look at the five best affordable cities to raise a family. For more cities, head on over to 32 Best Affordable Cities to Raise a Family.
5. Round Rock, Texas
Round Rock is a city in central Texas. It has a population of 119,468 and is often characterized as one of the top small American cities to live in. Round Rock also has a strong economy, with its most notable corporate presence being of Dell, which is headquartered in the city. Apart from Dell, large retailers, logistics, and manufacturing service providers are also present in the city. However, Round Rock median home prices and rents are both above the national average. On the plus side, major crime rates are significantly below the national average, and the median household income of $86,587 is also higher than the national median income of $69,021.
4. Raleigh, North Carolina
Raleigh is one of the largest cities in the U.S. and the capital of North Carolina. The city is an economic hub within its state, and houses large financial and manufacturing firms. Additionally, it is also a hub for biotechnology in the U.S. and serves as a logistics hub within its state. Median home values are $285,400 and the median rent is $1,237. Assault crimes in Raleigh are higher than the national average, but all others are below. The median household income is $72,996.
3. Richardson, Texas
Richardson is a small city located in Northeastern Texas. The city serves as a major hub for the telecommunications industry in the U.S. Several large firms such as AT&T, T-Mobile, and Samsung have a presence in the city – with AT&T being its largest employer. Median home values in the city are a whopping $326,900 and the median rent is $1,555. Violent crime rates are lower than the national rates across the board, and the median household income is $87,720.
2. Plano, Texas
Plano is another Northeastern city in Texas. Plano has several large financial firms operating in it, which are also some of the city’s largest employers. Median home values in the city are $358,100 while the median rent is $1,541. It often ranks as having one of the best public schools in America as well as a great place to raise a family in. The median household income is $99,729.
1. Overland Park, Kansas
Overland Park is one of the largest cities in Kansas. It is a relatively young city that was established in 1960. Overland Park’s cost of living index is also lower than the U.S. national average. Some of its largest employers are technology and financial companies. The median household income is $92,769, and residents appreciate its family atmosphere.
Disclosure: None. You can also take a look at Top 20 Financial Cities in the World and 12 Cheap Penny Stocks to Buy According to Hedge Funds.
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