Have you heard one of our best-kept secrets? Decatur is one of the most affordable cities in the U.S. according to Porch.com, an online home improvement and home-buying advice website.
Word is out!
Decatur is one of the most affordable cities in the U.S. coming in at seventh on Porch’s top 10 most affordable small metros to live list.
According to the data, Decatur makes the cut because overall thecost of living is about 14.1 percent less than the national average.
However, Decatur isn’t the only small Alabama town to make the most affordable list. In fact, number one the small metros most affordable list happens to be our nearby neighbor, Florence-Muscle Shoals. Another neighboring community on the list is Gadsden.
More Decatur data
Upon further review, Decatur residents can see an average percentage of savings versus the national average in a handful of categories. For example, the cost of housing in Decatur is about 50.5 percent less than in the rest of the U.S.
What’s more, the cost of goods on average come in at around 4.5 percent less.
How do they figure?
In case you’re wondering how Porch discovered the most affordable cities in the U.S.—like Decatur—they analyzed data. Said data was gathered from the U.S. Bureau of Economic Analysis 2020 Regional Price Parities (RPP) dataset.
This information tracks relative cost of living differences across various regions. Their researchers looked at “All Items RPP” specifically to figure out where our dollars stretched the furthest.
Summary
Since Decatur is one of the most affordable cities in the U.S., are you officially looking for your next place to call home in The River City? Contact us today to ask about upcoming availability! Find out more about life in Decatur when you continue to read our blogs.