What if you could get a 20 percent discount on everything from beer to real estate? You can. You just have to move to Danville, Illinois.
And that’s assuming you live in a town with average prices. Residents of Honolulu and New York, the two most expensive cities in the U.S., would see a 35 percent drop in their cost of living in Danville, according to new data from the Bureau of Economic Analysis.
Feel like moving to Pittsburgh? Now there’s a city in a sweet spot, with cheap prices and, according to new BEA data that adjust average incomes for local inflation, relatively high incomes. Pittsburgh is 6.6 percent cheaper than the national average, and residents are the 36th best-paid in the U.S., bringing home almost $48,000 annually per person.
Locally, Middleton’s property taxes are 16% less than Madison’s for a similar home.