Mapped: The Most (and Least) Expensive Cities to Live In (2024)

Modular Housing vs. Traditional Housing: How Do They Compare?

The U.S. needs new houses. Lots of them.

With housing prices nearing six times annual incomes, increasing supply is a must if there is any hope of bringing down house prices, and modular housing could be the solution.

This visualization is the third and final piece of the Reimagining Home Series from our sponsor Boxabl, where we compare the benefits of modular housing against traditional construction methods. Let’s start with the basics.

What Is Modular Housing?

Modular homes are built offsite, in standardized sections, usually in a factory setting. They are then transported to the building site and assembled on a waiting foundation. Once complete, modular homes look just like any other house.

Modular housing is not the same as manufactured homes, which are also sometimes called mobile homes. Like modular housing, manufactured homes are built offsite in a factory, but the key difference is that they can be moved after being assembled.Modular homes aren’t meant to be moved again after final assembly.

6 Ways Modular Homes Differ to Traditional Homes

The following benefits are based on information from the Modular Home Building Association, as well as a paper given at the 2020 Creative Construction e-Conference by members of the Department of Civil Engineering at the University of Texas at Arlington.

1. Speed of Construction

Because of the piecemeal nature of modular construction, many building activities can be done simultaneously, greatly reducing the overall time of completion. At the same time, because construction happens indoors, weather delays aren’t an issue. Overall, a modular housing project can be completed in 40% less time than using traditional building construction methods.

2. Cost Effectiveness

Standardization of design, less transportation of materials onsite, and the reduced impact of weather are some of the reasons that modular housing can be much cheaper than traditional building methods. According to the authors of the paper, there was a 10-25% decrease in construction costs for modular housing, again, compared to traditional methods.

3. Customizable

A common misconception is that modular housing isn’t customizable. While many manufacturers will often begin with a starter floor plan, they may also offer various customization options throughout the home.

4. Safety Record

Construction is a dangerous way to make a living. In 2021, construction and extraction workers held the number two spot for fatal occupational injuries in the U.S., with 951 work fatalities.

When you drill down into that number, construction tradespeople are in the majority, by far, with 726 that year alone.

DescriptionFatalities
Transportation and material moving occupations1,523
Construction and extraction occupations951
Installation, maintenance, and repair occupations475
Building and grounds cleaning and maintenance occupations356
Management occupations323
Protective service occupations302
Production occupations242
Farming, fishing, and forestry occupations218
Sales and related occupations200
Food preparation and serving related occupations101
Office and administrative support occupations91
Unknown occupation71
Personal care and service occupations64
Healthcare practitioners and technical occupations57
Arts, design, entertainment, sports, and media occupations45
Community and social services occupations40
Healthcare support occupations32
Architecture and engineering occupations29
Business and financial operations occupations27
Educational instruction and library occupations16
Legal occupations11
Life, physical, and social science occupations10
Computer and mathematical occupations6
Military occupations0
Total5,190

Because modular construction happens in a controlled, factory environment, the number of accidents decreases by 80% compared to traditional building methods.

5. Environmental Impact

Anyone who has walked past a residential build site can testify to the amount of waste produced during construction. Modular construction is more efficient and therefore produces less waste. And because onsite construction is limited to assembly, there is less dust and noise. Carbon emissions are also 38% lower.

6. Built to Last

Modular housing is as good, if not better constructed, than many traditionally-built houses. The factory environment allows for superior quality control, and homes built this way use 15-20% more wood per square foot, which makes them stronger. Moreover, in a study commissioned by the Federal Emergency Management Agency after 1992’s Hurricane Andrew found that modular housing “performed much better than conventional residential framing.”

A Market On The Rise

Not only is modular housing cheaper and greener than traditional construction methods, it is also a market on the rise.

According to a recent report, the global modular construction market is expected to reach $54 billion by 2027, with a CAGR of 2.9% between 2021 to 2027.

Thinking Outside of the Box on Housing

Modular housing could be a solution to the housing affordability crisis not only in the U.S., but around the world. And with the global city population expected to hit 68% by 2050, it’s time to think outside the box on housing.

Boxabl uses advanced, mass production techniques to build and ship homes that significantly lower the cost of home ownership for everyone.

This is the final piece in the Reimagining Home Series from our sponsor, Boxabl. Be sure to read parts one and two on urbanization and affordable housing.

Mapped: The Most (and Least) Expensive Cities to Live In (1)

Learn more about how Boxabl is helping tackle the housing affordability crisis.

Mapped: The Most (and Least) Expensive Cities to Live In (2)

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Mapped: The Most (and Least) Expensive Cities to Live In (2024)

FAQs

Mapped: The Most (and Least) Expensive Cities to Live In? ›

In its report, Niche also ranked the cheapest places to live in the U.S. At the top of the list this year is Brownsville, Texas. Brownsville has been steadily rising in Niche's Lowest Cost of Living ranking over the past few years, placing number six in 2021, number three in 2022 and finally, number one in 2023.

What city has the lowest cost of living? ›

In its report, Niche also ranked the cheapest places to live in the U.S. At the top of the list this year is Brownsville, Texas. Brownsville has been steadily rising in Niche's Lowest Cost of Living ranking over the past few years, placing number six in 2021, number three in 2022 and finally, number one in 2023.

What are the world's most expensive cities to live in right now? ›

🇺🇸 U.S. 🇺🇸 U.S. Singapore and New York City tied for the first rank amongst the world's most expensive cities in 2022, pushing Israel's Tel Aviv from the first place in 2021 to the third place in 2022.

Where in the US is the lowest cost of living? ›

Take a look at the 10 cheapest states to live in for 2022.
  1. Mississippi. Coming in as the cheapest state to live in in the United States is Mississippi with a cost of living index score of 83.3. ...
  2. Kansas. ...
  3. Alabama. ...
  4. Oklahoma. ...
  5. Georgia. ...
  6. Tennessee. ...
  7. Missouri. ...
  8. Iowa.
Mar 31, 2023

Where is the most expensive city to live in? ›

Most Expensive Places to Live in the U.S. in 2023-2024
  • San Diego, CA.
  • Los Angeles, CA.
  • Honolulu, HI.
  • Miami, FL.
  • Santa Barbara, CA.
  • San Francisco, CA.
  • Salinas, CA.

What is the number 1 place to live in the US? ›

Topping the 2023-24 list: Green Bay, Wisconsin. The magazine called Green Bay "The perfect mix of big-city amenities complemented with a Midwestern, small-town feel."

Which city is the cheapest city? ›

Table of Content:
  • Cheapest City In India #1: Thiruvananthapuram.
  • Cheapest City In India #2: Nagpur.
  • Cheapest City In India #3: Bangalore.
  • Cheapest City In India #4: Hyderabad.
  • Cheapest City In India #5: Indore.
  • Cheapest City In India #6: Kolkata.
  • Cheapest City In India #7: Vadodara.
  • Cheapest City In India #8: Chandigarh.
Dec 29, 2022

What is the #1 most expensive city in the US? ›

1. Manhattan, New York
Cost of living:127.7% above U.S. average
Borough population:1,576,876
Median household income:$84,435
Median home value:$940,900
Unemployment rate:4.8%
Apr 15, 2023

What are the 10 most expensive cities to live in us? ›

A job in New York City might pay considerably more than a similar job in the Midwest.
  • Manhattan, New York. Overall cost of living: 127.7% above U.S. average. ...
  • Honolulu, Hawaii. ...
  • San Francisco, California. ...
  • Brooklyn, New York. ...
  • Washington, D.C. ...
  • Orange County, California. ...
  • Los Angeles, California. ...
  • Seattle, Washington.
Feb 3, 2023

Which state has the highest cost of living? ›

Hawaii is the state with the highest cost of living in the US, with a cost of living index of 184. This is due to its isolated location and the high demand for housing, food, and energy.

Where is the cheapest nicest place to live? ›

Green Bay, Wisconsin. Among northern U.S. metro areas that offer a low cost of living, Green Bay might be the best option for you, as it's the No. 1 Best Place to Live in the U.S. in 2023-2024. Green Bay residents spend just 19.92% of the area's median household income on housing costs.

Which state has the highest and lowest cost of living? ›

Cheapest vs most expensive state

The cost of living in America varies dramatically between each state. From Mississippi being the cheapest state to live in with a median household income of $46,511 to Hawaii being the most expensive state with a median household income of $83,173.

Is Florida a cheap state to live in? ›

Is it expensive to live in Florida? Though the state has long had a reputation for being an inexpensive place to live, housing costs are high. Rents and sale prices are both well above national averages. However, the overall cost of living in the state is about on par with the national average.

Where is the best place to live in the world? ›

  • Sweden. #1 in Quality of Life. #5 in Best Countries Overall. ...
  • Denmark. #2 in Quality of Life. #10 in Best Countries Overall. ...
  • Canada. #3 in Quality of Life. ...
  • Switzerland. #4 in Quality of Life. ...
  • Norway. #5 in Quality of Life. ...
  • Finland. #6 in Quality of Life. ...
  • Germany. #7 in Quality of Life. ...
  • Netherlands. #8 in Quality of Life.

What US city has the most expensive housing? ›

The most expensive city in the U.S. in terms of housing costs is San Jose, California. It combined the highest monthly housing costs in our study with the second-highest home values, but San Francisco wasn't far behind.

Is NYC the most expensive city in the world? ›

Many often believed it to be the most expensive in the world. Still, it wasn't until a report released in recent days by the Economist Intelligence Unit (EIU) that declared New York City to, in fact, be the most expensive city on the planet. It's official: New York City is the most expensive city in the world.

What city has the highest quality of life? ›

The 2022 Monocle Survey determined the world's most livable city was Copenhagen, followed by Zurich, Lisbon and Helsinki.

Which U.S. city has the best quality of life? ›

The best place to live in the U.S. earned the top spot on U.S. News & World Report's list for a number of reasons. Good weather isn't one of them. Green Bay, Wisconsin, jumped two spots to become the best city to live in for 2023, according to the publication's annual ranking.

Where is the best place to move to start over? ›

St Louis, Missouri is the top-rated city in the U.S. for people looking to start over. New York City is the most difficult city to move to for a fresh start. Hartford, Connecticut has the best social scene score. Birmingham, Alabama has the best cost of living score compared to other cities we studied.

What are the 10 cheapest cities to live in in the United States? ›

Where Is The Cheapest Place To Live?
  • Fort Wayne, Indiana. Fort Wayne, Indiana, is one of the cheapest places to live in America. ...
  • South Bend, Indiana. ...
  • Dayton, Ohio. ...
  • Toledo, Ohio. ...
  • Akron, Ohio. ...
  • Erie City, Pennsylvania. ...
  • Knoxville, Tennessee. ...
  • Memphis, Tennessee.
Feb 16, 2023

Which country is the safest and cheapest to live? ›

10 of the cheapest and safest places to live in the world
  • Albania.
  • Portugal.
  • Costa Rica.
  • Panama.
  • Mexico.
  • Thailand.
  • Malaysia.
  • Vietnam.

What is the most expensive state to live in 2023? ›

Hawaii is the most expensive state to live in, with a cost of living index of 184. Massachusetts is ranked second, with a cost of living index of 149.7, followed by California at 137.6, and New York at 134.5.

Is Hawaii very expensive? ›

Is it expensive to live in Hawaii? Yes, Hawaii is known for its high cost of living due to factors such as housing, groceries, utilities, and transportation.

What is the most expensive zip code in the United States? ›

Most expensive ZIP codes in the U.S.

The most expensive ZIP code in terms of home values for all homes in the U.S. is 94027, in Atherton, California, with a 12-month average value of more than $7.7 million.

Is New York more expensive than California? ›

Which City Is More Affordable: Los Angeles or New York City? Both NYC and LA are among the most expensive cities in both the U.S. and the world. However, the average cost of living in LA is also 24-27% lower than that of NYC.

Is New York or San Francisco more expensive? ›

Statistically speaking, the cost of living in San Francisco is 3.1% higher than New York City.

Is DC or LA more expensive? ›

Cost of Living Comparison Between Los Angeles, CA and Washington, DC. You would need around 7,122.3$ in Washington, DC to maintain the same standard of life that you can have with 7,100.0$ in Los Angeles, CA (assuming you rent in both cities).

Where does Florida rank in cost of living? ›

Florida residents enjoy the 32nd-lowest cost of living in the United States, per MERIC data gathered in 2022.

What are the top five most expensive states in the United States to live in? ›

Let's look at what the data is saying about the highest cost of living states, according to World Population Review.
  • Hawaii. Tops on the list lands Hawaii, with a COL index of 193.3. ...
  • New York. ...
  • California. ...
  • Massachusetts. ...
  • Oregon.
Jan 24, 2023

What is the cost of living in California vs Texas? ›

A MyMove study evaluating the cost of living in the United States in 2022 shows that California has a cost index of 151.7, while Texas has a cost index of only 91.5. A state's cost index is calculated by how much it costs to cover basic expenses like groceries, transportation, housing and healthcare.

What is the most affordable blue state? ›

Currently, Georgia is the cheapest blue state to live in.
  • Transportation cost index: 92.6.
  • Grocery cost index: 95.9.
  • Housing cost index: 74.4.
Dec 19, 2022

What are the three most affordable states to live in? ›

The three cheapest states to move to in terms of housing costs are: West Virginia, with an average price of $123,000; Mississippi, with an average price of $125,000; and Arkansas, with an average house price of 133,600. You can view the 10 cheapest states to move to below.

Where is the best state to live in America? ›

â–˛ Overall RankStateEconomy
1Wyoming1
2Vermont27
3South Dakota17
4New Hampshire10
39 more rows
Jan 12, 2023

Is Texas the cheapest state to live in? ›

No.

The Lone Star State is the eighth cheapest state to live in, according to Austin-based Student Loan Hero. But despite its low cost of living, Texas still has high property and sales tax rates.

Is Texas or Florida more expensive? ›

Not only is Texas 8% cheaper than Florida overall, but housing, utilities and groceries all cost significantly less in the Lone Star State. (Utility costs in the two states are about equal.) Overall, living in Texas is more affordable than living in Florida.

Where is the most unaffordable place to live in Florida? ›

Florida is one of the most expensive states for housing, and Miami is the least affordable city in the country, according to a report. High demand, short supply, increased migration trends since the pandemic and exploding mortgage rates, make for a pricey combination.

What salary do you need to live comfortably in Florida? ›

The Takeaway

Florida can be an expensive place, mostly because the cost of renting or owning a home has gone up so much. But with a good salary — by one definition at least $60,000 for a single, childless person — and a solid spending plan, you can enjoy the laid-back Florida lifestyle.

What country has the best quality of life? ›

1. Sweden. Sweden is the top country in 2022 best quality of life rankings. The country stands out in the ranking of quality of life for health systems and well-developed public education, security, economic stability, and politics.

What is the 1 best country to live in? ›

Switzerland

Where to move in 2023? ›

Here's Where Everyone Will Be Moving in 2023
  • El Paso, Texas.
  • Columbia, South Carolina.
  • Hartford, Connecticut.
  • Buffalo, New York.
  • Little Rock, Arkansas.
  • Louisville, Kentucky.
  • Baltimore, Maryland.
  • Omaha, Nebraska.
Nov 30, 2022

What city in the US has the most affordable housing? ›

Here's a look at the most affordable major cities in the country for housing.
  • Kansas City, Missouri.
  • Albuquerque, New Mexico.
  • Louisville, Kentucky.
  • Oklahoma City, Oklahoma.
  • Indianapolis, Indiana.
  • Tucson, Arizona.
Jan 12, 2023

Which US city has the most apartments? ›

1. New York, NY
  • Share of housing that is high-density: 62.0%
  • Share of owner housing that is high-density: 33.4%
  • Share of renter housing that is high-density: 75.4%
  • Total high-density housing units: 1,992,401.
  • Total housing units: 3,211,033.
Feb 1, 2022

Where is property most expensive in the US? ›

1. The One, Los Angeles, California | Most Expensive Houses. The One, which took eight years to create, has surpassed all other pricey mansions in the US to claim the top rank.

Is NYC overpriced? ›

Yes, it is generally considered expensive to live in New York City compared to many other cities in the United States and around the world. The high cost of living in the city is due to a combination of factors. Including high housing costs, taxes, transportation costs, and other expenses.

Which city is more expensive than New York? ›

The world's most expensive cities are jointly New York and Singapore, according to the annual Economist Intelligence Unit (EIU) survey.

When did NYC become expensive? ›

In Manhattan and elsewhere, housing prices have soared over the 1990s. Rising incomes, lower interest rates, and other factors can explain the demand side of this increase, but some sluggishness on the supply of apartment buildings also is needed to account for the high and rising prices.

Is Temecula cheaper than San Diego? ›

The cost of living in San Diego, CA is 22.6% higher than in Temecula, CA. You would have to earn a salary of $73,588 to maintain your current standard of living. Employers in San Diego, CA typically pay 0.3% more than employeers in Temecula, CA.

What is the most affordable city in Texas? ›

  • The cheapest place to live in Texas is Breckenridge. ...
  • The second cheapest city in Texas is Beaumont. ...
  • Located in north-central Texas, Wichita Falls is a cheap destination for nature lovers. ...
  • A suburb of Brownsville, Harlingen is one of the cheapest places to live in Texas for families.
Jan 10, 2023

What country is the cheapest and safest place to live? ›

10 of the cheapest and safest places to live in the world
  • Albania.
  • Portugal.
  • Costa Rica.
  • Panama.
  • Mexico.
  • Thailand.
  • Malaysia.
  • Vietnam.

Where in Florida is the cheapest place to live? ›

Most Affordable Places to Live in Florida
  • Cape Coral.
  • Dunedin.
  • Fort Walton Beach.
  • Lakeland.
  • Vero Beach.
May 19, 2023

Is Murrieta or Temecula cheaper? ›

In particular, the median home cost in this city is $575,800, lower than the California average of $684,800. In fact, Murrieta's median home price is lower than Temecula's, despite the two cities being next to each other.

Why is Temecula so cheap? ›

Why Are Houses in Temecula So Cheap? While Temecula is located in notoriously expensive Southern California, its housing prices are much lower than most cities in the state. This is because it's an inland city as opposed to a beachside town or major metropolis.

Is Oceanside cheaper than San Diego? ›

OCEANSIDE, CA — A recent report from BestPlaces.net compares the cost of living in Oceanside to that of San Diego. As Oceansider's know, it is not cheap to live in our best place, but the good news is that the average cost is 11.3% less than San Diego.

What city in Texas has the most poverty? ›

These Are The Ten Poorest Cities In Texas
  • Prairie View. Wikipedia. Prairie View. ...
  • Carrizo Springs. Wikipedia. Carrizo Springs. ...
  • Marlin. Wikipedia. Marlin. ...
  • Rio Grande. Wikipedia. Rio Grande. ...
  • Center. Wikpedia. Center. ...
  • Hidalgo. Wikipedia. Hidalgo. ...
  • Commerce. Wikipedia. Commerce. ...
  • Raymondville County. Wikipedia. Raymondville County.
Jan 10, 2023

What is a good salary in Texas? ›

What's considered a “good” salary in Texas depends on your household size and lifestyle, but most Texans make between $45K and $100K annually. Texas cities have differing costs of living, of course — Austin is much pricier than Amarillo — so where you live in the Lone Star State also matters.

Where is the cheapest land in Texas? ›

'Cheapest' places to buy land in US (five acres)

Among the least expensive areas to buy five acres of land, Hudspeth County, Texas tops the report category with the lowest price for five acres of land listed at $1,200.

What country has the least crime? ›

Qatar. Qatar has a safety index of 85.2, according to NUMBEO. It has the lowest crime rate in the world.

How to live cheaply? ›

Here are 15 frugal tips to look like you're living large without overspending.
  1. Eliminate monthly subscriptions.
  2. Shop for new insurance.
  3. Reduce prescription costs.
  4. Buy used items.
  5. Rent, don't own.
  6. Purchase at the right time.
  7. Buy high-quality products.
  8. Enlist your friends.

What is the safest place in the world? ›

12 Safest Countries in The World: 2023 Edition

Iceland takes the GPI crown for the safest country in the world, followed by New Zealand, Ireland, Denmark, and Austria in the top five.

What city in Florida has the cheapest rent? ›

Cheapest Cities to Rent in Florida
  1. Lake City. Population: 12,352. Median home listing price: $244,450. ...
  2. Haines City. Population: 26,009. Median home listing price: $334,450. ...
  3. Titusville. Population: 46,580. Median home listing price: $260,975. ...
  4. Green Cove Springs. Population: 8,577. ...
  5. Panama City. Population: 34,667.
May 15, 2023

Why is Jacksonville so cheap? ›

One of the reasons Jacksonville gets a lower overall is thanks to housing costs, which are surprisingly affordable. The city comes in at an excellent score of 78/100 nationally. It's also lower by far than the rest of Florida, which gets a 102.6/100.

Which coast of Florida is cheaper to live? ›

Cape Coral

Cape Coral has cheaper housing costs, utility bills, and healthcare costs than the national average. With an average home price of just over $4,30,000, this city on the Gulf Coast is a great option for those looking for affordable living in Florida.

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