I'm often curious why more people aren’t moving to low cost of living areas. I don’t know if I’ve just been fortunate, but I’m a college drop out who honestly hasn’t tried very hard in my “career”, but I moved out to Cincinnati which has a low cost of living at 23 (8 hours from my family) and I’ve managed to do very well for myself with a modest paying job (20ish an hour). I have 40k saved up and plan to buy a house this year. I wonder if other people who have went or started on a similar route are doing well for themselves.
And if you are in a high cost of living area, would you ever consider moving somewhere significantly cheaper?
Low COL areas typically have lower wages and they tend to not have all the pros of the larger city either. With WFH becoming more and more popular this is changing, unfortunately due to the detriment of those previously living in the LCOL areas who are now competing with 100k salary management yuppies.