Many people say goodbye to the Bay Area: Between March 2020 and September 2021, the number of newcomers to the Bay Area fell 45%, and the number of departures jumped 21%, according to a New University of California report. High housing costs may play a role. The median value of homes in San Francisco now exceeds $ 1.5 million, according to Zillow, and the cost of living, which takes into account the prices of transportation, food, utilities, taxes and child care. of children, is 169%. higher tcompared to the US national average. according to the best spots in Sperling. There is no doubt that initially Bay Area residents will miss a lot of things about San Francisco, including culture (the Bay Area has over 40 museums), high quality restaurants (over 4,400 restaurants, including 50 that have at least one Michelin star) and plenty of jobs, especially in tech, with Silicon Valley just down the city’s peninsula. But these alternatives, in which you can buy a house for $ 550,000 or less – an added bonus, mortgage rates remain close to their historic lows – have some of these same benefits, at a much cheaper price.
“The Next Silicon Valley”: Boise, Idaho
Recently named “surging city” by Inc. magazine, which says Boise is on its way to becoming the next Silicon Valley, this Idaho town has a lot to offer both in terms of career opportunities and outdoor gear. If you love the natural beauty of the Bay Area, you might also like Boise, which includes the Boise River Greenbelt, a 40 km stretch of trails and parks that runs through downtown. Boise is also near a plethora of waterfalls, hot springs, and hiking trails, including the one that leads to Table Rock, a plateau that overlooks the Red Desert Basin. Real estate costs about a third the price in Boise compared to San Francisco, and overall the cost of living is lower, despite Boise having plenty to do, great food, and access. to culture, including exhibits at the Boise Art Museum. One downside is that residents of Boise are tied to the land (unlike the Bay Area, which has easy access to the Pacific Ocean).
Typical value of a house: $ 519,081
Cost of life: 3.6% more than the American average
Typical house values are from Zillow and change from month to month. The cost of living is Sperling’s Best Places.
For the lifelong learner who loves good food: Providence, Rhode Island
Home to famed Brown University and the Rhode Island School of Design, along with six other colleges, Providence has a lot to offer if culture is what you’re craving. Attend exhibits at the RISD Museum, take a river gondola ride through the city center, or attend a lecture at one of the universities. The city, home to Johnson & Wales University, the world’s largest culinary school, has a diverse and impressive culinary scene with over 100 restaurants that source food from the ocean and the region’s countless small farms. . College Hill, a steep slope that leads to Brown, will remind you of San Francisco’s sometimes difficult topography. If you’re missing a big city, take a quick trip to Boston for all forms of entertainment, or hope to catch the train to New York City. Providence, which remains surprisingly affordable for the urban northeast, however, gets a Niche C grade for its public schools.
For a small town vibe with the amenities of a big city: Raleigh, NC
Sometimes referred to as the Silicon Valley of the East due to its plethora of tech jobs at companies headquartered in the city including Cisco, IBM, and GlaxoSmithKline, Raleigh was recently named on the 12th.e best place to live in America by Livability.com. Home to North Carolina State University, this capital is also home to the North Carolina Museum of Natural Sciences, the North Carolina Museum of History, and the North Carolina Museum of Art. Because of its thriving canopy, it is known as the “Town of Oaks”. The city has a thriving food scene and is home to a handful of celebrity chefs, including former “Top Chef” competitor Katsuji Tanabe. Accommodation is always affordable, but if you’re looking for a vibrant nightlife scene, you might be disappointed.
Typical home value: $ 390,571
Cost of living: 2.3% higher than the American average
For Culture Enthusiasts: Minneapolis, Minnesota
San Francisco ranked sixth in the Trust for Public Lands annual ParkScore, which measures access to public parks for city residents. Minneapolis ranks third, thanks to the fact that 98% of its residents live within a 10-minute walk of a park. This is not all that makes Minneapolis unique. In 2020, eight of the city’s chefs and three of its restaurants were named 2020 semi-finalists for the James Beard Foundation Awards, meaning food lovers will find a lot to love in Minneapolis. The city is home to several Fortune 500 companies, including Target, United Healthcare, Best Buy, 3M, and General Mills. It is home to the Walker Art Center, a world-class contemporary art museum, as well as a myriad of performance spaces, including the Guthrie Theater. Public schools are good, housing is affordable, and prices are only 6.5% higher than the US average. The wrong side? Prepare to bundle up in the winter, when average daily highs are well below zero.
Typical home value: $ 325,796
Cost of living: 6.5% higher than the American average
If you like spending time outdoors: Knoxville, Tennessee
One of the largest cities in the Appalachian region, Knoxville has plenty of rolling hills, as well as plentiful access to outdoor activities such as hiking, fishing, and biking. Home to the University of Tennessee, it is also home to the Center for Forensic Anthropology, where researchers study the decomposition of the human body at the Body Farm. (And you thought the Bay Area was weird!) Enjoy a beer at one of the city’s many craft breweries, catch a concert at the Sunsphere, which was built for the 1982 World’s Fair, or drop by a weekend canoe paddling through Mead Quarry, which is located in Knoxville’s Urban Wilderness, a 500-acre wooded area just outside of town. The city lacks public transportation, so if you don’t want to drive a car, take a bicycle.
Typical home value: $ 274,440
Cost of living: 14.5% lower than the US average