Local attractions include "Millionaire's Row," a historic district of Victorian and Edwardian homes considered to be gems of 19th and early 20th century architecture. One researcher working for a local community groups says it's a lot if you live in a town that already has all the stores it needs. (But it was a momentary setback: North Dakota oil production hit a new record in December.). And while homes here aren't cheap, they're much more affordable than in Santa Fe, about 40 minutes to the southeast. Like many college towns, there's a big range in home types and prices. This economic mix is producing both low unemployment and low living costs. Tupelo's biggest claim to fame is being the birthplace of Elvis Presley. Indeed, housing expenses are a third lower than what the average American pays. Because The town is working on revitalizing some of its older neighborhoods, thanks to a grant by the Howard G. Buffett Foundation in 2017. ©1995-2021 National Association of REALTORS® and Move, Inc. All rights reserved.realtor.com® is the official site of the National Association of REALTORS® and is operated by Move, Inc., a subsidiary of News Corp. Lance Lambert is a data journalist for realtor.com. The small town's biggest claim to fame is that it's home to Whirlpool (WHR), the global manufacturer of washers, dryers, refrigerators and a range of other home appliances. Median home price: $134,500Population: 26,484, Carol M. Highsmith Archive collection/Library of Congress. Factors influencing infrastructure cost 3. … Don't Neglect These 6 Maintenance Tasks—or Else, Debunked! Not a fan of The King? There are all the hallmarks of a classic small town: a mom and pop tire repair shop, a bowling alley, and a miniature golf course. Also notable is the low cost of living. In many ways, this is your prototypical small Midwestern town. But Decatur, founded in 1836, has its own unique vibe, too. Hometown perk: Check out the classics, muscle cars, choppers, and rat rods at the annual Chokecherry Festival Car & Bike Show, Median home price: $94,800Population: 25,641. How much does Walmart actually cost a local economy? Renting a one-bedroom apartment in the city centre of such major cities will cost you more than €1,500/month. * This is a government definition that includes a core community plus the outlying areas with a total population of between 10,000 to 50,000 folks. Happily, the men and women in uniform, and Meridian's civilian citizens, catch a break on expenses. Still, unemployment comes in above-average, and the poverty rate is high. That helps make housing costs 37% less expensive than what the average American pays. First off, Mexico is a big country. They just need to know where to set their sights—and we're here to help. For something more affordable, smaller towns in the southern region have apartments that cost as low as €500/month. Imagine! We dug deeper to find the places that offer residents something extra: one-of-a-kind festivals, quirky mom and pop shops, surprising foodie destination spots. You should weigh the pros and cons before you pack up and relocate to one of the 12 cheapest small towns in America. True, median income is far below the U.S. level, and the unemployment rate is higher than the national rate. Home Buyers Reveal: 'What I Wish I Had Known Before Buying My First Home', Selling Your Home? Even younger, first-time home buyers are coming to grips with the fact that leaving the city behind doesn't mean leaving behind fun, culture, beauty, connectedness, and even—dare we say it?—a bit of excitement. Major employers include Eastman Chemical (EMN), a manufacturer of plastics, and Monogram Foods. Perhaps best of all, there's the cost of living, which typically is lower in small towns than in expensive big cities. Its Cost of Living Index tracks prices for housing, utilities, health care, groceries, transportation, and miscellaneous goods and services (such as going to a movie theater or hair salon.). We asked what is the average amount small businesses spend on advertising. The IRS updated its popular online tool so that you can track the status of your second stimulus check. On the weekend places like the Riverview Tap, a bar with some great live music, are packed. How we keep supply costs down. No small town can claim a lower cost of living than Muskogee, based on the 256 urbanized areas analyzed by the Cost of Living Index. It would cost about $325 million to buy all the businesses in a town of 25,000 people in the USA. There's a Walk of Fame celebrating jazz and other artists who recorded with Richmond's Gennett Records. The annual festival, held in April, includes two-steppin' under the evening stars to country music, a barbecue cook-off, truck and tractor pulls, and, of course, goat roping. In the article on “How much does it Cost to Own a Bar” we have already explored how the ball park figure needed to open a bar can range between a few hundred thousand dollars all the way into the millions. Start-up expenses include any expense the business may face during the first few weeks and months of the businesses life. Cost of living: 12.1% below U.S. average. This hotel was 100 Chinese reniminbi per night, or roughly $15 US dollars. Folks can hop on the Boone and Scenic Valley Railroad, a sweet evening ride in a historic train cart that includes a good dinner. Median home price: $117,500Population: 35,491. So easy, in fact, that in 2016 he took over as mayor of the town. Not only is this the most affluent small town on our ranking, its median household income of $110,190 is among the highest in the nation. Median home price: $94,600Population: 28,217. Some folks have struggled to find affordable apartments, and the influx of students created a teacher shortage. McPherson boast a strong cultural arts scene, with frequent performances at the McPherson Opera House and traveling exhibits at the McPherson Museum & Arts Foundation. The area's largest employers include energy companies such as Schlumberger (SLB), ConocoPhillips (COP) and Phillips 66 (PSX). 8 Myths About Renting You Should Stop Believing Immediately, 6 Ways Home Buyers Mess Up Getting a Mortgage, 6 Reasons You Should Never Buy or Sell a Home Without an Agent, Difference Between Agent, Broker & REALTOR, Real Estate Agents Reveal the Toughest Home Buyers They’ve Ever Met, The 5 Maintenance Skills All Homeowners Should Know, Click for complete coronavirus coverage from realtor.com, Top 10 Affordable Small Towns Where You'd Actually Want to Live, 2018 Edition, America's Safest Places to Live ... Where You Can Actually Afford to Buy a Home, 10 Surprising Cities Where a $60K Middle-Class Salary Can Snag a Sweet Home, big, two-story historic homes with front porches, three-bedroom ranch homes priced around $100,000, Los Alamos County as one of the top 10 counties where people live the longest, ranch homes with bright and open floor plans, 3,000-square-foot, custom-built ranch homes, Crazy for Creole Style: New Orleans Townhouse From 1831 Is the Week's Most Popular Home, Prepper Fixer-Upper? Located about 50 miles south of Tulsa, the town traces its roots back to 1817. The company spends millions improving the community and attracting talent. Indirect costs fall into the following two categories:. Meridian was rebuilt from 1890 to 1930 after being almost totally destroyed in the Civil War. Median income runs well below the national average, but helpfully, a dollar goes pretty far. Why a Small Town Perspective I: •80% of US population lives in only 350 metro areas …but •Slightly more than one-half of the US population lives in jurisdictions --- cities, towns, boroughs, villages and townships --- of <25,000 people •The average local jurisdiction population in the United States is … Or maybe Mom and Dad will sneak out for drinks at Sawmill Brewing Co. Benton Harbor sits by the shores of Lake Michigan about 50 miles west of Kalamazoo, which is one of the cheapest larger cities in the U.S. Famous alumni of Pittsburg's local university include actor Gary Busey and Brian Moorman, retired two-time Pro Bowl punter for the NFL's Buffalo Bills. But after years of losing residents to bustling urban areas and their equally bustling suburbs, the nation's smaller municipalities are again tempting more Americans with the seductive lures of greater affordability and a simpler way of life. Today, the federal government plays an important role in its economic life, as Naval Air Station Meridian and Key Field are two of the largest employers. Manufacturing and health care are among the town's most important industries. Cost of Living. We included only one place per state to achieve some geographic diversity. But don't think Danville has lost touch with its roots. Get quick and easy access to your home value, neighborhood activity and financial possibilites. The goal of a Small Town Community Newspaper is to serve a small town or community that does not have any real source for local news. Beyond the track, manufacturing has always been central to the area's economy, and although a number of firms have moved on over the past decades, factory work remains important. It's no wonder this town, about 40 minutes north of Odessa, is full of good-paying trucking, engineering, and oil field jobs. The character of this town can be summed up by its Wild, Wild West Fest. But when it comes to living costs, housing is nearly 30% cheaper in Statesboro, while health care runs almost 20% below average. Housing-related costs are 35% cheaper compared to what the average American pays. Executive summary 2. Martinsville has a rich history dating back to colonial times, and the town boasts multiple historic districts and historic sites including the John Waddey Carter House and the Dry Bridge School. There’s still time to make a 2020 IRA contribution and lower your tax bill. Dental care is more than a fifth less expensive, according to the C2ER's Cost of Living Index. Poverty and crime are also high in Benton Harbor – factors that contribute to a median home price that's an eye-popping $163,600 below average. Household incomes are well below the national median, but housing is a heck of a deal. Small-town America is making a big comeback. As a result, it has not one but nine registered historic districts. ), and throw darts at All Aboard, a good, old-fashioned dive bar. Median home price: $115,000Population: 39,566. There may also be other shared amenities, such as a gym or community pool. They include Indiana University East, the Earlham School of Religion (part of Quaker-influenced Earlham College) and the Bethany Theological Seminary. The cost to build a condominium depends on several factors, such as the cost of materials and installation. To get a better sense of what inexpensive small-town living really has to offer, we compiled a list of the 12 cheapest places to live in America with populations of 10,000 to 50,000 people. Residents also catch a break on health care, which is 12.4% less expensive. Median home price: $375,800Population: 18,738. Another perk? Inexpensive housing is a key to Richmond's striking affordability. The cultural scene also includes the North Mississippi Symphony Orchestra and the Tupelo Automobile Museum. Groceries are cheaper too, running about 15% lower than the national average. The median price of a Chicago one … So for 2,000 square foot of retail space, you’re looking at a potential rent cost difference of $30,000 per year ($2,500/month) in this example, based solely on location. Today, the area's major employers include Goodyear Tire & Rubber (GT), regional medical center Sovah Health and Nestle (NSRGY). So, for the third year running, realtor.com® set out to find America's best small towns, places that could melt even the calloused hearts of the most die-hard urban dwellers. Housing is almost 35% cheaper and groceries go for 17% less. A townhouse complex usually consists of a minimum of 4 or 5 units and some shared communal areas, such as a yard, landscaping, and parking. But the amount and eligibility rules for your third stimulus check could be dif…. Today, the area relies more heavily on higher education, thanks to the presence of Pittsburg State University. Our vendor relationship with Restaurant Supply Chain Solutions (RSCS) is our secret weapon for small-town operators and multi-unit owners with diverse locations. It's clear that President-elect Joe Biden and others in Congress are going to push for a third-round of stimulus checks, but it might be a while befor…, 15 Best Foreclosure Sites for Finding Properties, A Retirement Home Is a Tiny House in the Kids’ Backyard, The Most-Overlooked Tax Breaks for Retirees, Subscribe to Kiplinger's Personal Finance, Millionaires in America 2020: All 50 States Ranked, 13 Tax Breaks for Homeowners and Home Buyers, 65 Best Dividend Stocks You Can Count On in 2020, Kip ETF 20: The Best Cheap ETFs You Can Buy, 10 Reasons You'll Regret Buying a House With a Swimming Pool, Hedge Funds' 25 Top Blue-Chip Stocks to Buy Now, 13 Dividend Stocks That Have Paid Investors for 100+ Years, 50 Top Stock Picks That Billionaires Love, State-by-State Guide to Taxes on Middle-Class Families. Nationally, it's almost $230,000. And their kids! Manufacturing has long been a staple of the area economy, but a number of major employers have left over the years. "People from everywhere come here," says Kristen Olson, a community concierge at the Austin Area Chamber of Commerce who helps newcomers transition to living in the town, including those in refugee resettlements. Decide what type of bar you want to open. This variation means many variables in the overall cost. Will be traveling between senior centers, school districts, small towns with surges or lack of testing (Mayors request us), etc. 35 Small Town Business Ideas. Ponca City, Okla. Getty Images. But for more elevated pursuits, there's also the Presser Performing Arts Center, which holds art classes for locals and hosts dance performances. "We have a  steady stream of young families moving into town.". Jim Thorpe – All-American, the 1951 film starring Burt Lancaster, was shot on the campus of what was then known as the Bacone Indian University in Muskogee. Once you have a sense of the existing businesses in your area and local demand (more on that below), you’re ready to … Median home price: $145,000Population: 27,838. Although utilities in Burlington are about 11% more expensive than the national average and health care costs are roughly in line, inexpensive housing is where Burlington really shines. This is important to understand, because many of the most popular expat spots are about that far removed from the extreme cartel violence you might read about. The population jumped 49% since 2010. Will work with an LPN. Housing runs the gamut, from three-bedroom ranch homes priced around $100,000 to new construction. Apartments rents are half the national average. Now let’s take a closer look into the breakdown of the costs involved. Related: 7 Fictional Towns You Can Visit in Real Life flickr.com via Steve Goodwin The Kiplinger Washington Editors, Inc., is part of the Dennis Publishing Ltd. Group.All Contents © 2021, The Kiplinger Washington Editors. Fittingly for a racing town, gasoline is about 5% cheaper. There may be an initial mobilization cost of about $100 to $150 to bring trucks and crew out to the repair site. We based our rankings on the Council for Community and Economic Research's (C2ER) calculations of living expenses in 256 urbanized areas. "Boone is a community that represents Iowa in everything: past, present, and future," says Greg Piklapp, a Boone city councilman. How Much Does it Cost to Build a Tiny House? The tiny Virginia town, an hour's drive south of Roanoke, lays claim to the Martinsville Speedway of NASCAR fame. Williston has seen a modern-day gold rush thanks to the North Dakota oil boom that started in the mid-2000s. Construction crews are hard at work here, putting up a $35 million, 100,000-square-foot community center that will include everything from indoor running tracks to warm therapy pools. 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