14 Affordable Cities for Millennials to Thrive In

The oldest millennials are already in their early 40s, and many in this demographic have begun to think twice about where they live. Rising inflation, a lack of opportunities, and healthcare costs have all encouraged millennials to consider relocating to less expensive areas.

It’s important to note that most people in this age group seek culturally rich urban centers that provide ample opportunities for entertainment, business, and career growth. If you’re a millennial looking for affordable cities to move to in the US, we’ve got you covered.

1. Seattle, Washington

Most millennials would have grown up listening to Pearl Jam, Nirvana or Soundgarden. Seattle is known as the grunge capital of the US and is famed for its career opportunities and laid-back lifestyle.

Due to cultural affinities, millennials will find Seattle a great place to live. Although it may seem like an expensive city, Seattle has many affordable neighborhoods.

2. New Orleans, Louisiana

If you like history, culture, and a big-city lifestyle all packed into an affordable package, then you must consider New Orleans. It’s also very popular among millennials.

Although Nola doesn’t rank high in professional growth, it’s an excellent city for freelancers and gig workers. Don’t forget that Bourbon Street is a historical and colorful part of the town known for its bars, cafes, and restaurants.

3. Charleston, South Carolina

Charleston, South Carolina, is one of the most well-preserved historical towns in the US. Its streets take you back in time and are lined with bars and cafes.

Like New Orleans, Charleston is an excellent city for solopreneurs, freelancers, and millennials who plan to retire early. Most importantly, living in Charleston suburbs isn’t expensive, and your dollar will go a long way.

4. Raleigh, North Carolina

Although not as glamorous as Charleston, Raleigh, North Carolina, is equally beautiful and laid-back. Moreover, thanks to the growing startup scene, entrepreneurs and tech startup owners will find Raleigh exciting.

Housing is affordable in the suburbs, and the climate isn’t too bad either. As Raleigh doesn’t see as many tourists as Charleston, world-weary millennials may find it more peaceful.

5. Denver, Colorado

Denver offers all the facilities a big city does but also plans to make housing more affordable. There are plenty of museums, parks, and nightlife options.

If you are a millennial looking for a complete urban destination to live out your life, Denver is the place. The city is also a great place to start a new business, thanks to its hub of economic activity.

6. Miami, Florida

Miami may not be the most affordable city in the US, but it’s a world-class town that can give New York or London a run for their money.

Considering Miami’s plethora of career, entertainment, and retirement options, it is an excellent option for millennials. Let’s not forget the salubrious climate this coastal city enjoys throughout the year!

7. Phoenix, Arizona

Phoenix is a mega city home to several companies and start-ups. It’s also relatively affordable when compared to other financial centers of its size.

Although it gets way too hot in the summer, you’ll always find a way to cool yourself down in the city’s many waterholes and nightlife centers. It’s no wonder that millennials are moving to Phoenix.

8. Chicago, Illinois

Many youngsters and millennials can’t afford to live in New York or Los Angeles — however, many stay because they simply don’t like living outside the big smoke.

Chicago offers all the facilities and a similar lifestyle you could expect in LA or NYC, but at a relatively lower cost. Many neighborhoods in the city are millennial magnets. The Windy City also has some unique restaurants that you can’t miss!

9. Dallas, Texas

Dallas is a great place to move if you want career growth. It is home to several large companies and consulting corporations, making it the perfect choice for career-oriented millennials.

Although warm and humid, Dallas offers diversity, cultural richness, and a thriving economy to compensate for the harsh heat during the long summer months.

10. El Paso, Texas

Many studies show that millennials have begun to move to El Paso in large numbers. This is probably because of the relatively affordable housing and medical care that most cities in Texas already provide.

In addition, El Paso is one of the most affordable cities in Texas and has a growing startup scene, making it an attractive option for millennials looking to grow in their careers.

11. Reading, Pennsylvania

Reading is a small city with everything you need to live a comfortable and enjoyable life. Its small size and advanced healthcare facilities make it a great destination for older millennials who will eventually retire in a decade or two.

It also has a rich cultural heritage and diverse entertainment facilities to keep you occupied. Most importantly, Reading has plenty of affordable housing.

12. Cheyenne, Wyoming

Cheyenne has an old-world charm that reminds you of how people used to live in the Wild West. As the capital of one of the most libertarian states in the US, millennials can expect a very business-friendly atmosphere despite being a small town.

The city also has a very outdoorsy culture, which will keep you healthy for a long time. You’ll enjoy living in Cheyenne if you like rodeo, cowboy culture, and a lively music scene.

13. Plymouth, Massachusetts

If you like Boston but have always found it costly, nearby Plymouth could be a great option. Located just 40 miles from Boston, Plymouth is a significant research and tourism center with many things to see and do.

Real estate is cheaper than in larger cities, and the location makes it a great place to make your permanent home. Most importantly, millennials will find a community that is accepting and welcoming.

14. Savannah, Georgia 

From walking on River Street to exploring historical buildings and museums, Savannah has something for everyone. It’s a city that most people fall in love with during their first visit.

Known for its southern charm, Savannah offers a salubrious climate and a great lifestyle, making it popular among millennials. In addition, it’s an affordable city where buying a house at a realistic price is still possible.