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With housing prices and thecost of livingsoaring, the middle class will not be able to keep up.
Knoxville, Tenn.
Knoxvilles population has beenrapidly growing.
The city has seen an increase of about 40,000 people just since 2020.
Preston said a large reason people were attracted to Knoxville was its cost of living (COL).
Goods and services cost 13.5% less than the nations average.
Hannah Jones, a realtor and home improvement expert, said thats about to change.
For comparison, the average home price in the United States is$495,100.
Currently, the average home price in Bakersfield is $386,119 still under the nations average.
But, thatsup 6.1%from last year.
It makes sense that home prices will soon be higher than the nations average.
Orlandos average home price right now is $388,798.
Thatsup 5.1%from last year.
As far as COL, Orlando is only slightly behind the nations average.
According to Numbeo, a family of fours estimated monthly costs are$4,130without including rent.
Nationwide, that figure is$4,152.
With the way housing prices have increased, we can expect COL to increase with it.
Groceries in Orlando already cost about3% morethan what people pay on average.
Boise, Idaho
Boises current average home price is $491,295.
Thatsup 4.8%since last year at this time.
Technological growth and beauty have attracted many new residents, Ben Johnson, the CEO ofBig Ben, explained.
The influx has raised housing prices, making it ever more difficult for middle-class people to afford housing.
Boise is quickly creeping out of the middle classs price range.
With its population boom, property values, as well as rental prices, have become quite expensive.
The average home price in Raleigh is $448,240,up 3.9%from last year.
However, the COL is 4% lower than the national average.
However, if housing prices keep rising, thats bound to change especially by 2029.
Healthcare prices in the city are already 3% higher than youll find elsewhere in the country.
Nashville, Tenn.
Another Tennessee city makes the list.
The cost of homes is currently6% higherthan the national average.
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