In this article, we’ll take a look at the top 5 Best Cities for Gen Z to Live on a Budget. For a detailed overview of the top 17 cities, with an in-depth analysis of the problem faced by Gen Z when it comes to affordable housing, read our article on the 17 Best Cities for Gen Z to Live on a Budget.
5. Louisville, KY
Insider Monkey Rank: 4
Known for its affordability, low unemployment rate, and diverse job market, Louisville is a good option for singles and young professionals. For a studio apartment, the median rent generally stands at approximately $1,099. The Key industries include healthcare, manufacturing, and logistics, coupled with a rich cultural scene centered around music and sports. It’s also home to a number of good colleges and schools offering degree programs in a range of fields.
4. Albuquerque, NM
Insider Monkey Rank: 3
With its low cost of living and abundant outdoor activities, Albuquerque offers a balanced lifestyle for Gen Z. Emerging as a hub for both the technology and film sectors, the city provides a diverse range of vibrant job opportunities. Even better, the state income tax in Albuquerque sits 31% below the national average, increasing the financial appeal. Combining safety with academic competence through its range of top-notch colleges, Albuquerque stands out as an ideal city for Gen Z.
3. Memphis, TN
Insider Monkey Rank: 2
Memphis offers a blend of cultural vibrancy, thanks to its deep-rooted musical history, and affordability. Known as the “Logistics Capital,” job opportunities abound in sectors like transportation and logistics, healthcare, and more. The city also homes some large companies, including Big Lots (BIG) and Amazon (NASDAQ:AMZN). According to Zip Recruiter, Amazon (NASDAQ:AMZN) Fulfillment Center in Memphis pays an average hourly rate of $18.09 —quite an opportunity for Gen Z.
2. El Paso, TX
Insider Monkey Rank: 2
El Paso boasts a rich cultural heritage and a cost of living significantly lower than many other American cities. You can expect to pay an average median rent of $800 for a one-bed apartment. According to statistics by CommercialCafe, El Paso is home to around 8.2% of the Gen Z population. With its growing economy, especially in sectors like healthcare, manufacturing, and education, El Paso offers promising prospects for Gen Z.
1. San Antonio, TX
Insider Monkey Rank: 1
Known for its vibrant culture and burgeoning job market, San Antonio offers a cost of living that is lower than the U.S. average — making it to the top of the list of best cities for Gen Z to live on a budget. The city’s usual median rent for a studio apartment is estimated to be around $927. San Antonio is seeing significant growth in tech and healthcare sectors, making it an appealing choice for Gen Z job seekers. San Antonio is also home to several retail stores by big companies, including Amazon (NASDAQ:AMZN), Big Lots (BIG), among others.
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