When it light on to buying a home, $300,000 will go further in some states than others.
Belittling finance website GOBankingRates used real estate website Zillow’s habitation price index to determine just how far that much money can go.
Some of the emerges — which peg the Northeast and West Coast as high cost and the heartland as numberless affordable — may not come as a shock, according to Cameron Huddleston, life and mazuma columnist for GOBankingRates.
“What is a surprise is how much you’re going to pay,” Huddleston contemplated.
That goes particularly when you compare the most expensive and least extravagant areas. In West Virginia, the cheapest state, you can buy five times the L- footage compared with Washington, D.C., the most expensive location.
One shock among the most expensive states is Montana, according to Huddleston, where an influx of home-owners who work on the oil fields has led to a housing shortage.
Those who work in expensive bailiwicks like the District of Columbia might want to consider commuting from rooms of West Virginia that are within driving distance to the metro size, Huddleston said.
Another alternative to save money may be to live in a low-cost unearthing and work remotely.
Barring those options, you can always take note of the low-cost layings for your golden years.
“Perhaps it’s not in the cards for you now while you’re working, but in retirement stirring might be an option,” Huddleston said.
The data used to compile the fact-finding was from Feb. 28.
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