Cheapest College Towns to Live In
College Towns Lifestyle & Value
For years it’s been well known that the majority of college students are poor with the exception of the ones who have affluent parents supplying them a steady stream of cash whenever they need it. As the result of the general student population being poor college towns have many restaurants, bars and local entertainment that is inexpensive or better yet cheap. Another great advantage to living in college towns is the sports. College teams are some of the best next to professional sports.
When it comes to transportation. Most college towns have walkways, trails and a dependable bus system that makes it easy to get around town with having a vehicle.
Stable Employment & Real Estate Opportunities
Yet another advantage to living in a college town is the steady employment. Wherever a college or university is located chances are you can always get a job. Colleges and universities never have layoffs or cut backs. Matter of fact if anything they raise tuition to keep the staff they have. This also makes the real estate market stable as well.
Also all businesses in the surrounding areas are stable again because of the college or university. These towns are also great for business start ups since many college students are always looking for opportunities to exercise the knowledge they have acquired in business. If the college or university is primarily focused on research most of the time they fund start up businesses in the local area. If their primary focus is in medical research chances are there is a medical research facility, hospital or medical center in the local area. Whatever the focus is of the college or university if there is a business in the local or surrounding area that shares the same focus there is guaranteed to be steady employment and numerous employment opportunities.
All of the options lead to stable employment and stable real estate in and around the local area.
If you are interested in owning real estate living in a college town is the perfect opportunity to own rental property since most college students always want to rent an apartment for the semester.
Which College Town is the Cheapest to live in?
The two deciding factors are the cost of living and housing. Below are the 10 cheapest college towns to live in.
The 10 cheap college towns live in are:
- University of Memphis, Memphis, Tennessee
- Ball State University, Muncie, Indiana
- Eastern Michigan University, Ypsilanti, Michigan
- University of Toledo, Toledo, Ohio
- Western Michigan University, Kalamazoo, Michigan
- University of Buffalo, Buffalo, New York.
- University of Nevada, Las Vegas, Las Vegas, Nevada
- Texas Christian University, Fort Worth, Texas
- Kent State University, Kent, Ohio
- Purdue University, Lafayette, Indiana
The list is in order from the most expensive to the least expensive. The two main deciding factor was the housing and employment markets in each of the areas.