Living on the East Coast doesn’t have to drain your wallet. If you’re ready to escape the financial stress and want to find a more affordable place to call home, you might be curious about the 7 cheapest East Coast states to live in for 2024. Well, you’re in the right place! In this guide, we’ll take a look at seven East Coast states where you can enjoy a budget-friendly lifestyle without compromising on culture or opportunity. From charming small towns to scenic open spaces, these affordable states offer the best of East Coast living without the high price tag.
Why Consider Moving to the East Coast?
The East Coast is one of the most popular regions in the United States, boasting a rich history, beautiful beaches, and vibrant cities. But many people are surprised to learn that it’s also home to some of the most affordable states in the country. While some think about high-cost cities like New York or Boston when imagining East Coast living, there are plenty of states that provide a much more affordable alternative—perfect for those seeking lower clearance prices on housing and everyday expenses.
Whether you want access to great education, career opportunities, or a bit of style through picturesque towns and coastal views, the East Coast has it all. And the best part? You can have access to a wide variety of amenities without blowing your budget.
So, let’s get started. Here are the 7 Cheapest East Coast States to Live in for 2024.
1. Georgia: Southern Charm with Affordable Costs
A Cost-Effective Mix of City and Countryside
Georgia tops our list of the cheapest East Coast states to live in for 2024, and it’s easy to see why. The cost of living in Georgia is 11.4% below the national average, making it an affordable choice for many individuals and families. While areas like Atlanta may have higher living costs, other parts of the state offer clearance prices on housing that won’t break the bank.
The median home price in Georgia is around $385,000, which makes homeownership more accessible compared to the high real estate prices found in other states. The state’s natural beauty, friendly communities, and mix of urban and rural living options make it a top contender for those looking for a new place to call home.
Where to Live in Georgia
Georgia is home to numerous affordable cities and towns, including Savannah, which combines coastal charm with vibrant cultural life. This city offers a more urban lifestyle while still being one of the cheaper options for coastal living.
For those seeking smaller towns with a more relaxed vibe, areas like Augusta or Macon are ideal destinations. These towns feature abundant offerings in arts, culture, and food—making life in Georgia a perfect blend of financial savings and quality living.
Georgia also provides an amazing selection of housing options. From designer brands to off-price department store finds, there are plenty of trendy selections that fit every style option. With TJX Rewards, you can enjoy exclusive shopping events and earn points towards future purchases.
Pros of Living in Georgia:
- Affordable cost of living compared to the national average
- Access to a wide variety of amenities, from luxury items to bargain buys
- Gorgeous beaches and outdoor activities
- A mix of urban and rural settings to choose from
2. West Virginia: A Nature Lover’s Paradise
Affordable Housing and Adventure at Your Fingertips
West Virginia is another one of the 7 Cheapest East Coast States to Live in for 2024, with a cost of living about 10% lower than the U.S. average. The median home price in West Virginia stands at just $221,975, making it an excellent option for those looking for cheap prices in housing.
West Virginia is the perfect choice for nature enthusiasts who love a good outdoor adventure. Known for its mountains and beautiful valleys, this state offers activities like hiking, fishing, and even skiing—making it an ideal destination for those who crave outdoor activities.
The state also offers amazing deals on real estate and other goods, with many smaller towns providing a low average price for housing, groceries, and utilities. Morgantown and Charleston are some of the most popular spots, each offering a blend of affordable housing, rich history, and friendly communities.
Shopping in West Virginia offers a wide variety of options, from discount stores to specialty retailers. You can find clearance prices on many products, from oversize towels to luxury items like a towel warmer for those chilly winter mornings.
Pros of Living in West Virginia:
- Beautiful landscapes with many recreational opportunities
- Affordable housing with clearance items and a fair price
- A tight-knit community feeling
3. Tennessee: Musical Heritage with Budget-Friendly Living
More than Just Music—A Lifestyle to Love
Tennessee makes our list thanks to its cost of living, which is 9.6% below the national average. Known for its vibrant music culture, Tennessee is also one of the most affordable East Coast states to live in for 2024.
Though the median home price in Tennessee is about $419,950, the state balances higher home prices with lower expenses in other areas, such as food and healthcare. Towns like Knoxville and Chattanooga are particularly attractive because they provide a mix of urban amenities and small-town charm at more affordable prices.
Cities like Nashville and Memphis are known for their musical influence, but beyond music, Tennessee offers a wide variety of housing options that cater to all budgets. Whether you’re looking for trendy selections in downtown Nashville or cozy homes in the suburbs, Tennessee has it all at accessible prices.
From designer clothing to bargain buys, Tennessee’s shopping options range from mega-retailers to closeout retailers, providing everything from cashmere sweaters to delish dishes for your kitchen. With TJX Company stores, you can find great deals on designer jeans, designer shoes, and even coveted beauty products.
Pros of Living in Tennessee:
- Rich musical culture and lifestyle
- Variety of urban and rural areas to choose from
- Affordable living costs with amazing deals on essentials
Cons of Living in Tennessee:
- Some areas have higher-than-average home prices
- Hot and humid summers can be challenging for some
4. Alabama: Where Affordability Meets Relaxation
An Ideal Destination for Retirees
If you’re looking for one of the cheapest East Coast states to live in for 2024, Alabama is worth considering. The cost of living here is about 12.1% lower than the national average, and the median home price is $311,083, which provides great value for money.
Alabama is a hub for various industries, including steel production and even space exploration. Despite its industrial edge, Alabama is also a popular choice for retirees because of its laid-back lifestyle and affordable cost of living. Areas like Huntsville and Birmingham are great options if you want to enjoy urban amenities without breaking the bank.
The state also offers plenty of affordable beach towns for those looking for coastal living. Gulf Shores and Orange Beach are beautiful spots that offer a fantastic deal for those who want a bit of beach without paying exorbitant prices.
Alabama’s off-price department stores and discount retailers offer amazing deals on everything from bath towels to seasonal products, making it easy to furnish your home on a budget. Alabama’s shopping list includes a wide variety of products at affordable prices.
Pros of Living in Alabama:
- Affordable living costs and reasonable property prices
- Beautiful coastal towns with budget-friendly homes
- A relaxed lifestyle ideal for families and retirees
5. Mississippi: The Most Affordable Option
The State with the Lowest Cost of Living
Mississippi is known for its southern hospitality, rich history, and an extremely low cost of living. In fact, it has the lowest cost of living in the U.S., which is 15.6% below the national average. The median home price is around $274,750, and it boasts some of the cheapest prices for goods and services among all the East Coast states.
Mississippi is a cultural hub, with cities like Jackson and Hattiesburg offering a mix of historical landmarks, music, and culinary aplomb. The state is famous for its contributions to American music, particularly blues, and is a fantastic place for anyone who wants to experience southern culture while keeping expenses low.
With discount stores and clearance items, Mississippi residents have access to an amazing selection of brand-name clothing and beauty items. The beauty aisle in local stores offers coveted beauty products like LED masks and glow products to improve skin quality without breaking the bank.
Pros of Living in Mississippi:
- Lowest cost of living in the U.S.
- Rich musical and cultural history
- Affordable homes and amenities
Cons of Living in Mississippi:
- Limited job opportunities in some rural areas
- Public education can be below average in some districts
6. North Carolina: A Balance of Technology and Affordability
Affordable Coastal Living with Career Opportunities
North Carolina is another affordable option for those seeking a cost-effective yet vibrant lifestyle. With a cost of living 6% lower than the national average, North Carolina offers a range of affordable options—from technology-driven urban hubs to peaceful coastal towns.
The Outer Banks and Wilmington are popular coastal destinations that provide beach living at a more affordable price. For those interested in career growth, cities like Raleigh and Charlotte are technology and finance centers that offer numerous employment opportunities along with affordable housing options.
North Carolina is known for its welcoming communities, family-friendly atmosphere, and accessible living. Whether you’re a young professional, a family looking to relocate, or someone planning for retirement, North Carolina is a state that combines modern amenities with cheaper prices.
With off-price department stores and specialty retailers, North Carolina residents can find amazing deals on seasonal products like oversize towels, towel warmers, and even luxury standards like 38-millimeter ion-plated watches. The price tags in these stores reflect a range of accessible prices, making it easy to enjoy both luxury and practicality.
Pros of Living in North Carolina:
- Variety of landscapes, from beaches to mountains
- Affordable living costs with reasonable real estate prices
- Strong job market in technology, finance, and education sectors
7. South Carolina: Coastal Charm at a Lower Cost
A Perfect Blend of Beaches and History
Rounding out our list of the 7 Cheapest East Coast States to Live in for 2024 is South Carolina. With a cost of living 6% below the national average, this state offers affordable coastal living in cities like Myrtle Beach and Charleston. These areas are known for their history, charm, and abundant amenities, all at a fair price.
South Carolina’s median home price is on the lower side, making it a popular choice for families, retirees, and young professionals. Charleston, in particular, is a wonderful blend of history, culture, and culinary excellence—offering everything from southern delicacies to modern fusion dishes. For those looking to live near the water without the hefty price tags of other coastal states, South Carolina is an ideal option.
Shopping in South Carolina means access to a wide variety of discount retailers, off-price department stores, and designer Marshalls that offer an amazing deal on designer label products like Rag & Bone. From baking dishes that go from oven to table to cashmere sweaters for light-sweater weather, South Carolina’s shopping options make it easy to enjoy both fashion and function.
Pros of Living in South Carolina:
- Affordable coastal living options
- Rich cultural history and culinary aplomb
- Warm weather and a relaxed atmosphere
Cons of Living in South Carolina:
- Hot and humid summers
- Hurricane risk in coastal areas
Conclusion
The East Coast is full of opportunities for affordable living, with each state offering its unique set of benefits. Whether you’re seeking vibrant city life, a beachside retreat, or small-town charm, there are plenty of options without the need for a luxury item budget. From Georgia‘s warm southern hospitality to South Carolina‘s rich coastal history, these 7 Cheapest East Coast States to Live in for 2024 provide the perfect mix of affordability and quality of life.
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FAQs
The seven cheapest East Coast states are Georgia, West Virginia, Tennessee, Alabama, Mississippi, North Carolina, and South Carolina.
Mississippi has the lowest cost of living among the East Coast states, with costs approximately 15.6% below the national average.
Yes, Georgia, particularly in areas like Savannah, offers affordable coastal living combined with urban amenities.
Alabama is a popular choice for retirees because of its laid-back lifestyle and low living costs.
Yes, states like South Carolina and North Carolina offer affordable beach towns such as Myrtle Beach, Wilmington, and Charleston.