Use the IRS's "Get My Payment" Portal to Get an Answer. Van Wert was the cheapest town on our list, but it offers big-city amenities, including the Van Wert Civic Theatre and Wassenburg Art Center, as well as a quaint Main Street lined with storefronts dating to the 1950s. After some down years following the low oil prices of 2015, things are looking up again. This haven for history buffs is located along the banks of the Wisconsin River. Small-town living has plenty of perks: light traffic, a strong sense of community and a slower pace of life. Small-town policing a question of local control or lower costs THOMPSON, N.D.-- The police department here might be one of the smallest in the country--it has one officer. Residents pay almost 22% less for housing-related costs, including rents and mortgages, than does the average American, according to the Cost of Living Index. Passing cattle ranches, oil diggers, and that West Texas grass-coved desert landscape, home buyers can find lots of ranches priced around $230,000 on the outskirts of town. Yes, it can be cheaper to live in a small town. The Kiplinger Washington Editors, Inc., is part of the Dennis Publishing Ltd. Group.All Contents © 2021, The Kiplinger Washington Editors. While a low cost of living is attractive, it can be offset by issues such as scarce jobs, small paychecks or a lack of things to do in the area. Folks can also snag two-bedroom apartments with a white, subway tile backsplash in the kitchen for $600 a month. Do a Detailed Cost Analysis. Their costs range from $12,000 to $35,000. Starting a small town business requires careful research and understanding of your community. In many ways, this is your prototypical small Midwestern town. Cost of Living. Ponca City, Okla. Getty Images. "By moving to a small town, their basic cost of living is low enough to travel and go to restaurants." These figures are based on the standard 2,200 square foot property, and while there is an average price when it is outside of a major metro area, experts indicate that the per square foot price can decline by as much as 6%. Housing is almost 35% cheaper and groceries go for 17% less. Examples include employee benefits, office space rent, general supplies, and the costs of furniture, fixtures, and equipment. If you're making the two-hour trip from Indianapolis, you're going to pass plenty of cow pastures, corn and soybean fields, and grain silos on the way. It's now packed with great jobs, pushing the median household income up to $89,874. If all of the 20-somethings whizzing by on road bikes isn't a dead giveaway, then surely places like the Craft Coffee Parlor spell it out: This is a college town. An appointment with a physician is a fifth less expensive. Story Street, the town's main drag, is lined with two-story storefronts with flower baskets hanging from their light poles. Average home prices are 28% less. The cost analysis as it relates to starting a grocery store business in the united states of America, Canada, United Kingdom, and Australia can be said to be almost the same except for few variations. Some folks have struggled to find affordable apartments, and the influx of students created a teacher shortage. Imagine! "The lab recruits worldwide," says Joanie Ahlers, economic development administrator for Los Alamos County. Down the side streets are big, two-story historic homes with front porches, priced around $100,000. Another perk? For one week each summer, Mexico is transformed from a quaint, quiet community into a giant beauty pageant filled with baton twirling, vocal solos, and clouds of hairspray. Major employers include Schwan's Company, the maker of Tony's frozen pizza; Great Plains Manufacturing, which serves the agricultural industry; and the Salina Regional Health Center. Indeed, housing-related costs, including rents and mortgages, are 34% cheaper in the city. * 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. Once you have a sense of the existing businesses in your area and local demand (more on that below), you’re ready to … Sick of your big-city rent? 14. 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. Hometown perk: The Van Wert Community Dog Park, a fully fenced canine mecca paid for by community donations, now hosts the annual Dog Bone Hunt each Easter. And their kids! There is definitely a cost advantage to having folks who around you … But what really puts Muskogee on the map, other than being the inspiration for a Merle Haggard song, is its ultra-low cost of living. There’s still time to make a 2020 IRA contribution and lower your tax bill. Few cities of any size can claim Richmond's place in the early history of recorded jazz. 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. Plan an extended visit to ensure the small town fits your lifestyle. Today, the area relies more heavily on higher education, thanks to the presence of Pittsburg State University. * Then we factored in the following criteria** to come up with our rankings: But we didn't stop there. This variation means many variables in the overall cost. 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. People help one another out. Although the university is the area's largest employer, manufacturing jobs also play an important part in the local economy. Some of the first jazz records were made in this small town, featuring greats such as Hoagy Carmichael, Duke Ellington and Louis Armstrong. A new report reveals exactly how much it costs a community in dollars and cents when Walmart comes to town. Our vendor relationship with Restaurant Supply Chain Solutions (RSCS) is our secret weapon for small-town operators and multi-unit owners with diverse locations. Median home price: $115,000Population: 39,566. 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. For the best experience, please enable cookies when using our site. Nationally, it's almost $230,000. 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. The median price of a Chicago one … Cost of living: 12.1% below U.S. average. So easy, in fact, that in 2016 he took over as mayor of the town. He previously wrote for Bloomberg Businessweek and the Chronicle of Higher Education. Manufacturing and health care are among the town's most important industries. Merrill boasts six buildings on the National Register of Historic Places, including the Lincoln County Courthouse, a Beaux Arts–style building with a grand clock tower, and Merrill City Hall. Although the cheap cost of living is a great benefit of the area, it does come at a cost of its own: Ponca City sits pretty much in the middle of Tornado Alley. It's no wonder this town, about 40 minutes north of Odessa, is full of good-paying trucking, engineering, and oil field jobs. 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. As a result, it has not one but nine registered historic districts. True, median income is far below the U.S. level, and the unemployment rate is higher than the national rate. ), and throw darts at All Aboard, a good, old-fashioned dive bar. It's the start of the town's annual Pufferbilly Days festival featuring everything from a 5K run and motorcycle show to live polka performances and—wait for it—a spelling bee! The country's best and brightest physicists headed to Los Alamos during World War II to help develop what would become the nuclear bomb. ©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. Typical cost to repair potholes is approximately $35 to $50 per pothole. To create our list, we looked at more than 500 U.S. Census–designated micropolitan areas. The biggest break comes from housing-related expenses, which are almost 40% lower than the national average, according to the Cost of Living Index. Burlington sits on the Mississippi River, about 165 miles east of Des Moines. That's higher than big cities like Minneapolis and Chicago. Residents spend 36% less on housing than the average American does. How Much Does it Cost to Build a Tiny House? Home buyers tend to live in cozy, century-old, two-story houses that go for around $90,000. The Landing at Dickinson Farms, a new subdivision, will offer up to 300 suburban, single-family homes and condominiums from $160,000 to over $200,000. "As an outsider I found people warm and friendly. Transportation, groceries and health care are notably cheaper, too. Today, top employers include Great River Health System and American Ordnance, which makes ammunition for the U.S. military. The charming city of Savannah is just an hour's drive to the southeast. The Highland Park Dentzel Carousel, dating back to 1909, is one of the more whimsical ones. Jobs, with the Los Alamos national Laboratory being its top employer some great live Music, are very on... 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