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Best U.s. Cities For The Debt-strapped Millennial

These days, it seems like everything costs way more money than it used to. Finding yourself living paycheck to paycheck (or direct deposit to direct deposit) is no fun. With rent prices, and [renters insurance quotes](, skyrocketing and the economy still suffering, your steady salary is not cutting it; you’re pretty sure you have to move. Knowing you’re ready for (or in need of) a change of pace is great, but figuring out where you can go is a whole other story.

If you’re a [Millennial](, a member of the largest, most educated, yet most underpaid, generation, you’ve grown up and watched the explosion of technology, but still remember playing outside. You have your degree, but your paycheck isn’t really conducive to moving to a city like San Francisco or New York City, which have sky-high rents and millions of people competing for only a few jobs. While you may be comfortable staying in your college town, the job prospects aren’t that great. You really want to live in a place where you can find a good job, afford to live and pay off your student loans, and still have a social life; you just aren’t sure where.

Lucky for you, there are loads of options. Check out a few of the best cities for Millennials on a budget below.

**Atlanta, Georgia**
The capital city of the Peach State is home to the world’s busiest airport and the 3rd largest concentration of Fortune 500 companies in the USA, meaning your career prospects, in an incredibly diverse range of industries, are excellent. With 10 percent of Atlanta’s population having been born outside of the United States, you can connect with any of your communities here. Unfortunately, the street names are not as diverse; with [over 70 streets]( with some variation of “Peachtree” in their names, you may be relying on your GPS a little more than usual. However, with such great career prospects and a median rent of $969, Atlanta is a steal that will surely set you up for financial success.

**Minneapolis, Minnesota**
Having over 5,000 acres of park and dubbed the 3rd most literate U.S. city, Minneapolis is the perfect place for Millennial bookworms. Filled with rich culture and an abundance of entertainment options, you will never miss a beat in this wonderful city. With a median rent of $854, you’ll be able to pad your slush fund and still enjoy the Mall of America, the busiest shopping mall in the country, in the Minneapolis suburb of Bloomington.

**Austin, Texas**
Despite having the highest cost of living on our list with a median rent of $1,012, Austin is great for those on a budget. With a median household income of $55,216, it’s the only city on this list that’s above the national average ($53,046), making rent quite affordable. Austin is also one of the [safest major cities in the U.S.](, so you will likely pay less on your renters insurance.

**St. Louis, Missouri**
St. Louis is your good ol’ American town. With a large blue-collar population, this Budweiser town is home to the lowest cost of living (median rent: $742) and average household income ($34,800 per year) on our list. With 11.6 bars per 10,000 people, St. Louis ranks 2nd in the country for access to bars. Its vivacious night life and diverse population make the Gateway City great for younger Millennials looking to begin their careers and those in search of more physical or blue collar jobs. Be careful, though, lower annual income (specifically, high levels of poverty) [usually means higher crime rates](, which is certainly true of St. Louis.

**Tucson, Arizona**
The last city on our list, Tucson, AZ is more than your typical college town. With a median rent of $750 and median household income of $37,149, Tucson is perfect for nature-loving individuals. With so many beautiful natural sights and creatures close by, you’ll want to get outside every weekend. Plus, with 350 days of sunshine a year, the weather in the sunniest city in the country is perfect for exploring. Also, according to the American Lung association, Tucson has the 3rd cleanest air of all U.S. cities.

Regardless of where you choose to rent, make sure you’re protected. [Compare and shop renters insurance quotes]( today with CoverHound.

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Insurance shopping simplified

Review personalized quotes, select coverages, and buy online - Everything insurance, all-in-one-place.

Insurance shopping simplified

Review personalized quotes, select coverages, and buy online - Everything insurance, all-in-one-place.
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