Why Cincinnati Is Affordable to Move to?

Cincinnati, Ohio, may not come to top of mind when thinking about places to move to – but it should. Consider checking out Cincinnati houses for sale, as there are many things to enjoy about this city.

The third-largest city in the state, it’s nestled on the Ohio River and therefore has much to offer in the way of green spaces among a bustling city life.

Its arts and entertainment scene is strong, and education is of top quality here. Cincinnati offers the best of Midwestern charm and hospitality.

In addition to all this, Cincinnati is an incredibly affordable place to live.

The Cost of Living Is Low

If you want your dollars to stretch far, Cincinnati is the place to get that done.

The cost of living here is 8% lower than the national average, and is shockingly low compared to other cities.

The cost of utilization also falls below the national average by 5%.

Add this up with the positive outlook the housing market has, and you’ve got a great place to settle down in.

The Cost of Housing is Affordable

Having to study a housing market different from the one you’re used to can be daunting, especially in the time of COVID, but Cincinnati’s housing market should ease your mind a little.

The cost of housing here is 24% lower than the national average, making it one of the most affordable metropolitan areas in the country.

Recently a report from the 2022 Demographia International Housing Affordability Index from the Urban Reform Institute and the Frontier Centre for Public Policy named Cincinnati as one of the most affordable metro areas in the entire world. In a study that encompassed 92 major markets in eight countries, Cincinnati came in as the 9th-most affordable housing market.

You Don’t Have to Waste Money on Transport if You Don’t Want To

Sick of long commutes via your own car, or shelling out money to take the bus or train daily? Cincinnati is a highly walkable city, so if you don’t mind getting some physical activity in to bookend your workday you can save some money.

According to Walk Score, downtown neighborhoods rank high on the walkability index, places like Oakley, Hyde Park, and Madisonville.

The city is also very bikeable and offers a network of biking lanes for cyclists.

There are A Lot of Job Opportunities

There is a strong economy in the city, which is home to nine Fortune 500 companies. These companies include The Kroger Company, Procter & Gamble, and Macy's.

Here you can work in consumer goods, health care, technology, and manufacturing.

You’ve Got Money to Do Plenty of Other Things

With all of these factors – low cost of living, ample jobs, affordable housing – you may find some money left over in your budget for fun spending.

There is a thriving arts and entertainment scene, with many galleries, venues, and restaurants to enjoy.

The Cincinnati Zoo & Botanical Garden is a must-see, as is taking in a Bengal’s football game if you get the chance.

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