Young people should leave high cost of living cities. Housing is still affordable across most of the US.
The opportunities these cities once held have been destroyed by real estate hyperinflation.
Young people should leave high cost of living cities. Housing is still affordable across most of the US.
The opportunities these cities once held have been destroyed by real estate hyperinflation.
That and I'm not just talking about rural areas. There are dozens of medium sized cities with fairly affordable housing, especially in the Midwest. Texas isn't bad either if you stay away from tech exodus hotspots and trendy/posh areas.
Try just doing a nationwide job search with salaries adjusted for housing cost.
It also limits your mobility dramatically. By working in a HCOL city, even if I'm struggling to save, I'm maxing out my 401(k) plus match and more every year. If I want, I can do that for a while and then move to somewhere cheaper. My family in the midwest, despite saving enough for an incredibly comfortable retirement there, couldn't purchase a home anywhere within 1.5 hours of Seattle if they wanted to move there now.
Medium sized would be places like Indianapolis, Columbus, Cincinnati, Pittsburgh, Orlando, Phoenix, etc. Austin used to be high on that list before it got inflated.
Small cities are a good option but wasn’t great for me especially when I was dating with the mindset of trying to find a wife. Options are limited and when I moved to NYC the dates I was able to go on exploded which helped me eventually find my wife.
You also have to be a specific kind of person (like me) that wants to do outdoorsy things for entertainment to live outside the major cities.
That being said there are several major small city hubs that fulfill a lot of the requirements that people are looking for from big cities especially in Texas like you mentioned, the triangle in North Carolina, parts of Colorado etc.
As for starting your own business, why not? There's plenty of demand for welding services right now.