Study Finds Michigan Is The Fourth Most Affordable State To Live

Imagine that, a state with true beauty around every corner is the fourth most affordable state to live in, this coming from Refiguide.org.

Despite the COVID-19 pandemic, more people are buying homes in the current market, with record-low mortgage rates, plus people have been spending more time at home during these times. The study suggests that a trend of offices closing and employees working from home may cause those employees to move around to new locations more often.

The Top 5 Most Affordable States To Live

1. Mississippi
2. Ohio
3. Oklahoma
4. Michigan
5. Illinois

We can't forget the least affordable states to live in, right?

The Top 5 Least Affordable States To Live

1. Hawaii
2. District of Columbia
3. California
4. Massachusetts
5. Washington

In Michigan, a study had found that the national median household income had covered 37.6% of the cost of buying a home. This income data came from the 2018 Us Census, and housing data from Zillow's June 30, 2020 market estimates.

You can view the study's complete results ranking all 50 states by clicking here.