Huntsville continues earning accolades from leading publications. Its most recent honor? U.S. News & World Report named Huntsville the Most Affordable Place to Live in the United States for the third year in a row.
The analysis looked at the 150 most populous metropolitan areas in the country and focused on salaries and affordable housing. In awarding Huntsville top honors, the report cited our city’s above-average individual mean salary and the low cost of living. In the five areas scored, Huntsville performed best for its value. The publication found an average 19.16% of residents’ median household income goes towards housing costs. For comparison, the U.S. Bureau of Labor Statistics found the average consumer spent 32.8% of their income on housing in 2020.
U.S. News & World also highlighted Huntsville’s highly educated population, owing mostly to NASA’s presence and the U.S. Army’s Redstone Arsenal. “Huntsville is now known not only for NASA, but for the Redstone Arsenal, the Federal Bureau of Investigation, aerospace firms, biotechnology, and other tech-related companies that have sprung up or moved here in recent years,” said Amanda Howard, owner of Amanda Howard Sotheby’s International Realty. “Our downtown is vibrant and has undergone an exciting morph by introducing more artists, festivals, breweries, and fine dining options. It’s no wonder Huntsville continues to top the list as Best Places to Live.”
Huntsville also ranked 15th on the publication’s “Best Places to Live in America.” This ranking is on the heels of an earlier recognition, where Zillow ranked Huntsville second as one of the mid-sized metros to watch based on its housing demand and growth.
Increasing interest in the Huntsville area will continue spurring growth. As we have witnessed over the last few months, housing demand in and around our city remains high. Talk to our team today about how we can assist with your selling or buying needs.
One Response to “Huntsville Named the Most Affordable City in the U.S. for the Third Year”
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