This Texas city has the lowest cost of living in the U.S.: There is ‘investment in the area keeps home prices low,' expert says

  • 📰 nbcsandiego
  • ⏱ Reading Time:
  • 47 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 51%

News Nieuws

Nederland Laatste Nieuws,Nederland Headlines

Realtor.com ranked the cities with the lowest cost of living by examining regional price parities data by the Bureau of Economic Analysis.

This Texas city has the lowest cost of living in the U.S.: There is ‘investment in the area keeps home prices low,' expert saysThis Texas city has the lowest cost of living in the U.S.: Their 'investment in the area keeps home prices low,' expert saysreleased its ranking of the top 10 cities with the lowest cost of living based on the latest regional price parities data from the U.S. Department of Commerce's Bureau of Economic Analysis .

"Markets in the South and the Midwest can expand as demand picks up, which helps keep housing costs low. The price of housing is relatively affordable because of their ability to adapt to demand." McAllen, Texas ranked as the city with the lowest cost of living. It had a 86.92% RPP and the cost of living is 13% lower than the average. For $100 of necessities, residents pay $86.82 and the median home price is $275,000.

"McAllen has a lot of space to spread and it has been. There's been a good amount of investment in the area and that keeps home prices relatively low," Jones says."That says to me that there is ample supply given the demand in McAllen, which keeps the cost of living relatively affordable, especially when it comes to housing."McAllen is located on the border between Mexico and the United States and serves as a major hub for tourism and international trade.

Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:

 /  🏆 524. in NL
 

Bedankt voor uw reactie. Uw reactie wordt na beoordeling gepubliceerd.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

Selfridges owner secures major investment from Saudi Arabia’s Public Investment FundThailand’s Central Group, the majority shareholder, has accepted a deal that grants its new partner a 40 percent stake in the British luxury department store chain.
Bron: LuxuryDaily - 🏆 325. / 59 Lees verder »

How Texas investment in Latin America could help deter migrationThe Inter American Development Bank and the Biden administration are trying to attract U.S. investment to Latin America to break the cycle of poverty and crime.
Bron: ExpressNews - 🏆 519. / 51 Lees verder »