The Top 10 States For Budget Conscious Home Buyers In 2024

#Repost @austinoftacoma
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As the cost of living increases, buyers across the country are looking for places that allow them to make the best use of their income in the present while preparing for the future.

To help with that, an article from Click Storage highlights the ten most affordable states in 2024, based not only on home prices but on a mix of economic and lifestyle factors that make for the ideal mix of economic advantages and quality of life.

At the top of that list is Utah, followed by Tennessee, with an annual median income of $65,254, and Arizona, where the typical homeowner has $26,763 in leftover income.
THE TOP 10 STATES FOR BUDGET-CONSCIOUS BUYERS IN 2024
Here’s the list of all ten of the most affordable states, with three tying pairs:
Utah
Tennessee
Arizona
Nevada
Washington (tied with Wyoming)
Wyoming
Idaho (tied with New Hampshire)
New Hampshire
Indiana (tied with Iowa)
Iowa

#5 AND #6. WASHINGTON & WYOMING (TIE)
Washington state and Wyoming are neck-and-neck for the fifth spot (though we’re listing Womying at #6). In both states, residents spend 64.9% of the median income on living expenses.

In Washington, the higher median income ($91,306) and considerable leftover income ($32,035) weigh against the higher homeowner costs. Wyoming, on the other hand, has a significantly lower cost of living ($45,485) and no state income tax.

Both are strong selling points that make Wyoming a haven for buyers seeking a more affordable and slower-paced lifestyle surrounded by natural beauty and wide-open spaces.

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