Hooray for Illinois and Wisconsin! We landed three of the ten spots when it comes to the most affordable places to live in the world! The least expensive town to live is in Wisconsin

Demographia.com compiled the numbers for it's annual international Housing Affordability Survey for towns worldwide from data obtained in the 3rd quarter of 2016. The rankings are based on the following factors:

  • Median house Price
  • Median household income

Here are the Top 10 Most Affordable Places to Live in the World

1. Racine, Wisconsin, US
2. Bay City, Michigan, US
3. Decatur, Illinois, US
4. Elmira, New York , US
5. East Stroudsburg, Pennsylvania, US
6. Karratha, Australia
7. Lima, Ohio, US
8. Moncton, Canada
9. Peoria, Illinois, US

10. Rockford, Illinois, US

Racine, Wisconsin had a median home price of $104,000, with median household income of $58,000.
Rockford, which ranked at #10, had a median home price of $110,900, with an median household income of $52,100

Here are the Top 25 World Wide

Demographia.com graphic

See the full list HERE (go to page 59)