8. Albany, NY – Capital City with a Lower Cost of Living

Median home price: $250,000 | Average rent: $1,457
Albany, the capital of New York, is one of the best places to live if you want access to great jobs, higher education, and cultural events—all at an affordable cost. The city is home to government buildings, universities, and a booming tech industry. Visit the Empire State Plaza, walk through Washington Park, or enjoy the lively art scene. It’s one of the top cities for young professionals and families alike.