Young people are leaving major American cities in droves. The pandemic encouraged this tendency by forcing employers to allow staff to work remotely. Over half of the population prefers to live in cities. In high-cost cities, the average monthly apartment rent is $1,124. New York’s median home price is $325,500. Over 135,600 persons relocated from California to jurisdictions with lower taxes in 2020. Silicon Valley CEOs and tech giants are also shifting their headquarters from California to Texas. People are relocating to smaller communities in search of a better quality of life, lower costs, more security, and more progressive chances. However, the unemployment rate in big cities has risen as a result of this migration. According to the data, over 23 million people in the United States intend to relocate in the near future as a result of remote working prospects. Currently, 20.6 percent of their population resides in the United States. Employees at Tesla Inc., Hewlett Packard Enterprise Company, Oracle Corporation, Facebook, Inc., and Microsoft Corporation have been given the authorization to work remotely. Amazon.com has set a deadline for remote workers.
Insider Monkey has made a list of the 30 most affordable major cities in the U.S. Salt Lake City is ranked 30th among the most affordable large cities in the United States. Housing costs are 8% cheaper than the national average, and utility costs are 8% cheaper. The University of Notre Dame, located in South Bend, is well-known. South Bend is ranked 29th among the cheapest large cities in the United States. Due to Richmond, Virginia’s cost-effective lifestyle, the population has grown by 12.8 percent in the last decade. A whopping 43% of the population owns their home. Because of the Boise River Greenbelt, Boise has an ideal climate. In the last decade, the city’s population has grown by 9.3 percent. Boise is one of the most cost-effective large cities in the United States. Birmingham’s population is projected to be over 212,000 people. The cost of housing is 14% cheaper than the national average. The healthcare system is 16% less expensive than in the United States. Lawton is a culturally and historically significant city in southwest Oklahoma. Utility and housing costs are respectively 9% and 16 percent lower than the national average. Montgomery, Alabama’s capital, is one of the most affordable large cities in the United States. It is ranked 24th on the list of housing costs that are 17% cheaper than the national average. Read more on these cities from the article 30 Most Affordable Major Cities in the U.S.