Alexandria most affordable place to live, but many struggle just to pay rent
A new study from financial technology company SmartAsset ranked
The ranking found new homebuyers in
"It's affordable for those who need it to be affordable," Wallace said. "I grew up in
But just because home prices and closing costs are low, doesn't mean everything about the city is affordable.
"If you want to go out and do something, you definitely have to drive," she said.
For
"Oh really," she asked with surprise when hearing about the study's findings. "With gas prices, and the water bill, I don't really think so."
And finding an affordable place to live is important, especially for people making minimum wage.
A recent study found many low-wage workers struggle to find adequate housing even working full-time, despite the state's reputation as an affordable place to live.
In order to afford a modest, two-bedroom apartment at fair market rent in
"Increasingly, data shows that even working full-time, thousands of Hoosiers cannot meet basic housing costs," said
Working at the minimum wage of
"The struggle to afford modest rental homes is not limited to minimum wage workers; seven out of 10 of the jobs projected for the greatest growth over the next decade have wages lower that the one-bedroom Housing Wage," said
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