Creditnews Research conducted a study on income distribution and housing costs in America's 100 most populous metropolitan areas. The study reveals that the Midwest and parts of the South are the most affordable options for middle-class families, while coastal cities like San Francisco and New York City are not feasible even for affluent buyers. Ohio stands out as a state where the middle class can find an affordable way of life, with three cities in the Buckeye State making the top 10 ranking.
, an independent research house, studied the relationship between income distribution and housing costs across the 100 most populous metropolitan areas in America to determine where middle class families can still qualify for an average home.
Overall, Creditnews Research found that the Midwest and parts of the South are the most affordable options for middle-class households right now, while ultra-desirable coastal cities like San Francisco and New York City are not an option — even for affluent buyers.The state of Ohio stands out as a place where America's middle class can find an affordable way of life. Three cities in the Buckeye State made Creditnews Research's top 10 ranking thanks to homeowner incentives like grants and tax credits.Youngstown was once a bustling city thanks to the steel industry but suffered a a collapse in the 1970s. Since then, it has experienced an economic and cultural renaissance. Buyers need an income of just over $40,000 to qualify for a typical home., Youngstown offers incentives for prospective homebuyers, such as down payment assistance, grants for graduates, discounted mortgage interest rates for residents who serve the public, and more. The Fed is determined not to reduce interest rates too soon, experts say — a mistake the central bank has made in the pastThe Ohio city also has organizations like the Youngstown Neighborhood Development Corporation that are working on revitalizing urban neighborhoods in the area, according to The cost of living in Youngstown is 18% lower than the national average with a median rent of $888.41, according toToledo takes the No. 2 spot on the list of most affordable metro areas for the U.S. middle class. According to the report, Toledo's qualifying income for an average home is roughly $48,500, which falls within all three ranges of middle-class — lower, middle and upper.Toledo, Ohio is the No. 2 most affordable metro area for America's middle class, according to Creditnews Research.Known as the"Glass City," Toledo offers residents a low cost of living and a plethora of outdoor activities. It is just a short drive from other major cities, including Detroit and Cleveland and sits on the Maumee River, where people can go and take in the views or fish.to learn about common passive income streams, tips to get started and real-life success stories. Register today and save 50% with discount code EARLYBIRD.
Study Income Distribution Housing Costs Middle-Class Affordable Midwest South Coastal Cities Ohio Buckeye State
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