15 Small Towns Offer Big Savings for Your Next Move

Additional Coverage:

15 Charming U.S. Small Towns That Are Actually Affordable To Live In (financebuzz.com)

Dreaming of a Change? 15 Small Towns Across the U.S. Offering Charm, Savings, and a Slower Pace of Life

Tired of the hustle and bustle? Yearning for more green space, a tighter-knit community, or simply a break for your wallet?

It turns out, the answer might be found in America’s small towns. For families, remote workers, and retirees alike, these charming locales are increasingly appealing, often boasting a lower cost of living that can give your bank account a much-needed boost.

If a move to a smaller community is on your horizon, we’ve scouted out some fantastic options. Take a look and see if one of these hidden gems could be your next home sweet home.

1. Midway, Utah

Just an hour’s drive from Salt Lake City, Midway offers the quintessential mountain town experience without sacrificing modern comforts. Imagine spending your days enjoying water activities and golfing at the Homestead Resort, all while enjoying the financial benefits of a lower cost of living. It’s an ideal spot for those looking to embrace an active, mountain-centric retirement.

2. Beacon, New York

For New Yorkers seeking an escape from the relentless city pace, Beacon, nestled along the scenic Hudson River, presents a compelling alternative. With convenient access to Manhattan via the Metro-North Railroad, residents can enjoy both tranquil small-town life and big-city amenities. Explore Beacon’s charming shops, or even grab a bite at a “Doctor Who”-themed restaurant for a unique local flavor.

3. Florence, Alabama

Located in Northern Alabama’s picturesque Shoals area, Florence is a haven for nature lovers. The region abounds with hiking trails and outdoor adventures, while the town itself offers a rich musical heritage, with concerts and events celebrating its deep roots.

4. Los Alamos, New Mexico

Recently brought into the spotlight by the blockbuster film “Oppenheimer,” Los Alamos offers a fascinating small-town alternative to New Mexico’s larger cities. Dive into history at the Manhattan Project National Historical Park and the Bradbury Science Museum, exploring a pivotal piece of American ingenuity.

5. Sitka, Alaska

If stunning waterfront views and abundant nature are your priorities, and you don’t mind a bit of a chill, Sitka, Alaska, is calling your name. This island town is a paradise for outdoor enthusiasts, offering opportunities for hiking and whale watching. History buffs will also appreciate the chance to explore Sitka’s rich Russian heritage at landmarks like the Russian Bishop’s House.

6. Brooklyn, Michigan

Like many Michigan towns, Brooklyn shines with its proximity to numerous lakes, providing endless opportunities for water-based recreation. Adding a thrill to the local scene, the town is also home to the Michigan International Speedway, hosting major racing events.

7. Thermopolis, Wyoming

Thermopolis is famous for its natural hot springs, offering a relaxing soak before you venture to the Wyoming Dinosaur Center. Its strategic location also places residents relatively close to Yellowstone National Park and Grand Teton National Park, making epic outdoor adventures easily accessible.

8. Marfa, Texas

For those seeking a unique small-town vibe amidst a stunning desert landscape, Marfa, Texas, in the Big Bend region, is an intriguing choice. Don’t miss the iconic Prada Marfa, a quirky art installation in the middle of nowhere that’s perfect for a memorable photo op.

9. Durango, Colorado

Colorado is synonymous with mountain sports, and Durango delivers that experience with a small-town charm. Residents can enjoy hiking and skiing, alongside a plethora of water activities on the town’s many lakes and reservoirs.

10. Lambertville, New Jersey

Founded in 1705, Lambertville exudes historical charm with its beautifully preserved federal townhouses and Victorian homes. Its proximity to major cities like Trenton and Philadelphia means residents can enjoy a peaceful small-town life while still having easy access to urban amenities.

11. Guthrie, Oklahoma

North of Oklahoma City lies Guthrie, Oklahoma’s first state capital. Today, its quaint downtown is a treasure trove of antique shops and preserved historic homes, offering a glimpse into the past.

12. Holbrook, Arizona

Once a legendary stop on Route 66, Holbrook retains much of its old-fashioned appeal. It’s also a gateway to the breathtaking Petrified Forest National Park and the Painted Desert, perfect for local adventures without breaking the bank.

13. Billings, Montana

“Big Sky Country” offers an incredible lifestyle for nature lovers and those who appreciate wide-open spaces (and don’t mind a snowy winter!). Explore the magnificent Rimrocks, sandstone cliffs surrounding the town, or delve into the local culinary scene with a walking tour of its six breweries.

14. Kennebunkport, Maine

If coastal living is your dream, Kennebunkport, Maine, offers all the charm of a New England harbor town. Enjoy whale watching, pristine beaches in the summer, browse local shops, and, of course, savor fresh lobster from the town’s renowned restaurants.

15. Onalaska, Wisconsin

Situated near La Crosse on the Wisconsin/Minnesota border, Onalaska is a fishing enthusiast’s paradise. Known for its fantastic fishing opportunities on Lake Onalaska, residents can even snap a photo with the Sunny the Sunfish statue before enjoying a beautiful sunset at a local restaurant.

The Bottom Line: Small Town, Big Benefits

Choosing a small town can lead to a more relaxed pace of life and, significantly, a lower cost of living, allowing you to build wealth and stretch your savings further. These communities prove that you don’t need to sacrifice charm or opportunity to enjoy a quieter, more financially sound lifestyle, making them excellent choices for retirement and beyond.

Boost Your Finances: Tips for Everyone

Regardless of your current financial situation, there’s always room to improve and grow your wealth. Here’s a quick guide to help you get started today:

Increase Your Income: If you’re feeling the pinch, explore options to supplement your income. Consider a side hustle that complements your full-time job, or investigate other legitimate ways to boost your bank account.

Grow What You Have: Time and compound interest are powerful allies in wealth building. Start by understanding your current financial standing to create an effective action plan.

For retirement planning, consulting a professional can be a smart move to ensure you avoid running out of money.

Seize Opportunities: Maximize benefits by taking advantage of all available deals, discounts, and money-saving opportunities.

For car owners, regularly checking for the best auto insurance rates could save hundreds. Conversely, be vigilant about avoiding common money-wasting traps that can quietly deplete your bank account.