Coming from New Jersey, where the cost of living is 15% higher, housing is 38% higher, and utilities are 3% higher than the national average, I was amazed when we moved here almost 19 years ago. I’d like to share the benefits of living in more affordable coastal towns like the Mississippi Gulf Coast.
Living in an area with a lower cost of living can have many benefits beyond just saving money on housing and other expenses. In fact, it can lead to greater financial freedom, a better work-life balance, and even improved mental health. The cost of living on the Mississippi Gulf Coast is generally 17.8% below the national average, while other areas of the country can exceed the average by 50% or more!
Reduced Stress And Financial Anxiety
One of the most significant benefits of living in an area with a lower cost of living is reduced stress and financial anxiety. When you’re not constantly worried about making ends meet or paying high rent or mortgage payments, you can focus on other aspects of your life, such as spending time with loved ones, pursuing hobbies, or investing in your future.
This can lead to improved mental health and overall well-being. Additionally, having more financial stability can also lead to better decision-making and less impulsive spending, which can further improve your financial situation in the long run.
Lower Housing Costs
Another advantage of living on the MS Gulf Coast is that the lower cost of living gives the ability to save money on housing. In expensive cities, housing costs can consume a significant portion of your income, leaving little left over for other expenses or savings. However, in more affordable areas, you may find a larger home or apartment for a lower price, allowing you to save money or put more towards other expenses like travel or hobbies. Additionally, lower housing costs can reduce financial stress and improve overall well-being. View Featured Homes.
Improved Work-Life Balance
Living in an area with a lower cost of living has the potential for an improved work-life balance. With lower housing costs and other expenses, you may be able to work fewer hours, cut back on overtime or take a lower-paying job that offers more flexibility and time for personal pursuits. This can lead to a more relaxed and fulfilling lifestyle, with more time for hobbies, family, and self-care. Additionally, living in a less expensive area may mean less time spent commuting, which can further improve your work-life balance and reduce stress.
More Disposable Income
Moving to an area with a lower cost of living, like Mississippi’s coastal towns, can provide you with more disposable income. With lower expenses for housing, groceries, and other necessities, you may find that you have more money left over at the end of the month. This extra money can be used to pay off debt, save for the future, or enjoy more activities with family and friends. Having more disposable income can also reduce financial stress and improve the overall quality of life.
Access To More Affordable Amenities
Living in an area with a lower cost of living can also provide access to more affordable amenities. For example, you may be able to afford a larger home, better healthcare, or more frequent vacations. Additionally, you may have access to more affordable entertainment options, such as local parks, museums, and community events, which we have in abundance on the Mississippi Gulf Coast. This can lead to a more fulfilling and enjoyable lifestyle without the financial strain of living in a more expensive area.
Come Home To Coastal Mississippi And Live Your Best Life For Less
Living where there is a lower cost of living, such as the Mississippi Gulf Coast, can significantly impact your overall quality of life. From having more disposable income to being able to afford a larger home, there are many benefits to living in an affordable area. When you don’t have to worry about making ends meet, you can focus on other aspects of your life, such as your relationships, hobbies, and personal growth. Additionally, having less financial stress can improve your mental health and overall well-being. Living in an affordable area allows you to enjoy a higher quality of life without breaking the bank.
Sources: RentCafe BestPlaces.net
