Residents of California cities take pleasure in among the most reasonably priced month-to-month meals prices as a proportion of complete month-to-month revenue among the many most secure cities analyzed. 4 of the 5 small cities with the bottom proportional month-to-month meals prices are in California: San Ramon, Pleasanton, Palo Alto and Milpitas, every with proportions beneath eight%. Among the many largest cities, Fremont and Santa Clara, California, rank within the prime 5, with month-to-month meals prices accounting for lower than 9% of complete month-to-month revenue.
When contemplating transferring to a brand new metropolis, it’s important to think about the price of residing, mortgage and meals bills together with householders insurance coverage prices. Owners can estimate potential residence insurance coverage prices through the use of a house insurance coverage price calculator to see how a lot they will count on to pay based mostly on their residence's location, worth and different elements.
Methodology
To determine probably the most reasonably priced and most secure cities within the US, MoneyGeek started by analyzing small, medium and huge cities from the Most secure Cities 2024 evaluation. We then in contrast these cities on affordability metrics, specializing in the highest 100 cities. with the biggest core of most secure cities. Beneath, we rank these cities based mostly on weighted common affordability metrics, together with:
- 5-year share change in revenue: That is the proportion change in median family revenue from 2017 to 2022. This knowledge comes from the Census Bureau's American Neighborhood Survey (ACS).
- Month-to-month Mortgage Price as a P.c of Family Revenue: The estimated median month-to-month housing prices for owner-occupied housing models with a mortgage by metropolis divided by the median family revenue by metropolis. This knowledge additionally comes from the ACS.
- Month-to-month meals prices as a share of family revenue: This knowledge comes from the MIT Dwelling Wage Calculator and is for 2022.
Every measurement was given a full weight. Additionally, word that the most secure metropolis rating was the metric calculated in our earlier evaluation and is a security measure solely. That is totally different from the ultimate Security and Affordability rating used on this evaluation.
Full knowledge set
Our knowledge reveals key tendencies within the affordability and security of small and huge cities throughout the nation. We analyzed the 100 most secure small cities and the 100 most secure medium and huge cities to search out their revenue development, their meals prices, and their mortgage prices.
This story was produced by MoneyGeek and reviewed and distributed by Stacker Media.