Last year, we reported on the fact that Michigan has one of the best cities to retire on a fixed budget, according to a study from GoBankingRates.com. Now, in searching for more affordable living spots throughout the U.S., it appears Michigan also has one of the best cities to live on $1,500 – or even less – a month, whether you’re retired or not.
The staff at MindYourDollars.com has conducted a study to find the best cities in the U.S. to live on a budget of $1,500 a month. “Realistically, living on a budget of $1,500 a month is possible, you just need to be in the right place,” they state in the study. “We’ve compiled 30 cities in the United States where citizens can keep their total monthly expenditures down to $1500 or less. Don’t confuse affordability with boring, though. These cities still have plenty to keep you entertained and enjoying life.”
So, which Michigan city made the cut? It’s the same city that was ranked the No. 1 best city in the U.S. to retire on a fixed budget, according to the Go Banking Rates study: Lansing, Michigan. I grew up there, and I’m kind of surprised to see it on the list, but that’s still very cool.
“Lansing may be the state capital of Michigan, but it is one of the more affordable cities to live in,” they state. “Grocery prices and healthcare costs are much lower than the national average, but housing is what really brings this city in on a budget. Expect the average home to cost a whopping 62.7 percent less than the national average.” Find the full list below.