Where You Can Live Comfortably on Less Than $50K a Year

Where You Can Live Comfortably on Less Than $50K a Year

If all the talk of rising home prices and the cost of raising a family has you wondering how you'll ever move out of your parents' basement and start a life of your own, we have good news.

A recent survey from GoBankingRates crunched the numbers and revealed the 31 cities where you can live comfortably — meaning your necessities are covered, you're bulking up your savings, and you still have fun money left over for weekend brunches and concert tickets — on an income of $50,000 or less.

We've highlighted some of our favorites below, including some of their other perks besides affordability — because cheap rent in a town with nothing to do just isn't enough to consider a move.

St. Louis

Anheuser Busch Brewery

You'd need just over $49,000 to live comfortably in this major city on the banks of the Mississippi River, according to GoBankingRates, where the median monthly rent is $795. And there's plenty to keep you entertained as well, whether you're a sports fan (it's the home of the St. Louis Cardinals) or a lover of the arts. You can also enjoy the outdoors at Forest Park, once the home of the World's Fair and one of the largest urban parks in the U.S. Or, if you'd rather unwind with a cold brewski, tour the historic Anheuser-Busch Brewery and sample some of the fare.

Boise, Idaho

downtown boise, idaho

Annual housing costs are less than $10,000 in Idaho's biggest city (also the state's capital), but the perks don't stop there. For those of us who can't get enough of the outdoors, the Boise Foothills offer miles of trails (and who doesn't love a free activity?). There's also a regional music scene, thriving arts scene, plus plenty of dining and nightlife options. It's also the home of Boise State University.

Indianapolis

indianapolis motor speedway

The home of fast cars, Indiana's capital offers more than the Indy 500. Sports fans have their pick of teams to root for, from the Indianapolis Colts to the Indiana Pacers. Beyond the courts, fields and tracks, you can also explore the largest children's museum in the world (the Children's Museum of Indianapolis), 210 parks, 135 miles of trails and 13 public golf courses. Average monthly health insurance premiums are among the lowest from the survey, at $229, and residents can live comfortably on just over $47,000.

Rochester, New York

fall foliage in rochester new york

While New York's third largest city is often overshadowed by New York City, Rochester finally has its time to shine. An income of just under $47,000 would allow you to enjoy everything this city has to offer, from over 12,000 acres of parkland, 100 wineries, breweries and distilleries, and a wide-ranging culinary scene. For comparison, you'd need over $86,000 to live comfortably in New York City. Rochester also boasts growing technology, biotechnology, manufacturing and food and beverage industries.

Detroit

belle isle park, detroit

Just over $44,000 affords a comfortable lifestyle in Detroit, a city that's undergoing a serious revitalization, from an influx of jobs to a new streetcar system and bike-share program. A sports and entertainment district spanning 50 blocks is also being developed. You may also recognize Detroit-based company Quicken Loans from Fortune's list of Best Workplaces for Millennials (where it ranked No. 3) and Best Companies to Work For (No. 10).

RELATED: Want to Move Abroad? These 5 Countries Are Best for the Expat Life

Learnvest

Financial planning made simple.

Get your free financial assessment.

Related Tags

Get the latest in your inbox.

Subscription failed!

You're Now Subscribed!