2. Alabama
- Average House Value in 2022: $189,976
- Effective Property Tax Rate in 2019: 0.37%
- Median Household Income in 2019: $51,734
- Annual Taxes on a Median-Priced Property: $702.91
Alabama has low home prices as well as a property tax rate that is far lower than the national average ($325,677 as of January 2022). So, as a homeowner, this would be the most affordable state to live in.
Not only does Alabama have a more humble property tax rate, but it’s also one of the most affordable places to live overall, ranking third in the whole country in terms of cost of living in 2021.
Don’t get too excited, though, because Alabama has quite a high poverty rate, as almost 16% of the state’s population is living in destitution (according to 2019 data).
