Being a member of the Arcbazar team means you are constantly going through inspiring, beautiful designs created by talented architects and designers from all over the world. As a result, you often times find yourself daydreaming: imagining yourself living in the masterfully designed space, making mental checklists of how to remodel your own space, and generally spending a lot of time simply admiring the ability of architects and designers to put together something so marvelous.
However, with most of the Millennials renting as opposed to owning real estate (only 34.7% own an apartment or a house, according to the 2015 data), very few are motivated to invest in serious remodeling projects. Instead, we do minor adjustments and create removable, temporary design elements, desperate to avoid both big expenses and conflicts with a landlord.
So, we decided to do some research into what kind of real estate you can purchase to create a true home of your own. Since going through all 50 states seemed like a bit of an overkill, we decided to focus on the top 5 cheapest and 5 most expensive states to live in. Our budget is $500,000 – may seam peanuts to some and a ridiculous amount to others, but we had to pick a number. So let’s see what listings we found on trulio.com:
We’ll get started with the TOP 5 CHEAPEST STATES TO LIVE IN.
Jackson, Mississippi: $495,000, 3 bedrooms, 3 full and 1 partial bathrooms, 3,916 sqft.
Nashville, Tennessee: $460,000, 4 bedrooms, 3 full and 1 partial bathroom, 3,966 sqft
Boise, Idaho: $457,770, 3 bedrooms, 3 full bathrooms, 3,566 sqft
Indianapolis, Indiana: $489,900, 4 bedrooms, 3 full and 1 partial bathrooms, 4,723 sqft
Oklahoma City, Oklahoma: $499,500, 3 bedrooms, 3 bathrooms, and a pool (!), 3,737 sqft
Now let’s see what you can buy with half a million of US dollars in the TOP 5 MOST EXPENSIVE STATES TO LIVE IN.
Honolulu, Hawaii: $499,000, 2 bedrooms, 2 full bathrooms, 985 sqft
Hartford, Connecticut: $475,000, 5 bedrooms, 3 full and 1 partial bathroom, 3,760 sqft
Manhattan, New York: (Upper East Side) $499,000, studio, 700 sqft
Juneau, Alaska: $468,000, 3 bedrooms, 2 full and 1 partial bathroom, 2,112 sqft
Los Angeles, California: (Hollywood) $489,000, 1 bedroom, 1 full bathroom, 998 sqft
So there you have it. Now have fun running math in your head!