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Best Places to Downsize in Retirement 2020

| MoneyRates.com Senior Financial Analyst, CFA
min read
Downsizing in retirement may provide a financial answer for those with limited retirement savings who hope to remain in a real estate market that has become very expensive.

senior-woman-coffeeAs much of a nest egg as people may save for retirement, often their single biggest asset is their home.

This means downsizing in retirement has the potential to enhance retirement savings for homeowners.

There are many reasons to downsize; but whatever the primary motivation, it is important to consider whether it makes financial sense.

For example, going from being a homeowner to renting might unlock the equity you have built up on your home, but it could also raise your annual expenses due to the cost of rent.

This study examines the trade-off between the value of cashing in home equity and the subsequent cost of being a renter. The results identify the places where it makes the most sense to downsize in retirement.

How We Identified the Best Places to Downsize in Retirement

This study is not about the best places to retire.

While there are various lifestyle and economic reasons people choose to relocate when they retire, the reality is that many retirees wish to remain in the community where they have lived and worked over the years.

For people who want to stay put, the key question about downsizing is whether the proceeds from selling their home would be enough to finance the cost of renting in the same area. That cost has to be financed throughout the remaining retirement years.

MoneyRates.com calculated this trade-off by looking at the median home value in over 500 American municipalities.

The study determined the net annual cost of renting per year by subtracting the median annual property tax in each community from the median annual rent. That shows how much more it would cost annually to rent rather than own in a particular area.

The final step was to divide the median property value in each community by that net annual cost of renting. This approximates the number of years of rental expense selling a home would finance in each community.

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10 Best Places to Downsize in Retirement in 2020

The numbers show that the financial logic of downsizing depends very much on where you live.

In the best case, which is in the San Jose, CA area, MoneyRates found that proceeds from the average home value would finance over 50 years of the extra cost of renting. That's more than enough to carry someone through the average length of retirement.

Worst case, the study found that in Hinesville, GA selling a home would finance less than ten years of the extra cost of renting. That could easily leave someone high and dry later in their retirement years.

Based on the above methodology for calculating the best places for downsizing, the following were found to be the 10 places where downsizing makes the most economic sense in 2020:

1. San Jose/Sunnyvale/Santa Clara, CA

(Covers 54.74 years of net rental expenses)

Every aspect of housing is expensive in this community.

It is the only metropolitan area in the United States where the median property value tops $1 million. This area also has the most expensive median rental cost in the nation, at over $27,000 per year, and it has the fourth highest median property taxes.

While the cost of owning a house and the cost of renting are both very high in the San Jose area, the MoneyRates downsizing formula puts these costs in perspective.

The outcome shows that, while rents are expensive in this area, by comparison, property values and taxes are even more expensive. As a result, the proceeds from selling a home in this area should finance the extra cost of renting for decades to come.

The formula found that downsizing would finance 54.74 years' worth of extra rental expenses - well beyond the normal span of retirement. From a financial standpoint, this makes the San Jose area the best place to downsize in retirement.

2. Santa Cruz/Watsonville, CA

(Covers 54.62 years of net rental expenses)

Just a little south of San Jose you'll find a fairly similar situation in Santa Cruz. Property values, real estate taxes and rents are all very high; but when you crunch the numbers, this is a good place for homeowners to downsize.

With a median property value of $815,100, selling the typical home in Santa Cruz would be enough to finance 54.62 years' worth of the net cost of renting after you factor in the savings from no longer having to pay property taxes.

That ranks Santa Cruz just a fraction behind neighboring San Jose and second on the list of best places for downsizing.

3. San Francisco/Oakland/Hayward, CA

(Covers 54.09 years of net rental expenses)

Anyone who has lived in the Bay Area lately knows that housing is extremely expensive. However, the fact that communities in this area took the first three spots on this list suggests there is a silver lining for seniors looking to downsize in that area.

As expensive as renting is, area homeowners who have benefited from the local housing boom should have enough equity to finance the cost of renting for a good long time should they choose to downsize.

In the case of the San Francisco area, it has both the second highest median home value and the second highest median annual rent in the nation. However, because home values have become even more inflated than rents, downsizing could make good sense.

Selling a typical home in San Francisco or its surrounding communities would finance 54.09 years' worth of the extra cost of becoming a renter.

4. New York/Newark/Jersey City, NY-NJ

(Covers 51.50 years of net rental expenses)

The New York metropolitan area may be a long way from the San Francisco Bay, but it fits the pattern of that region in terms of favorable conditions for downsizing. Sky-high rents are more than offset by soaring property values. Having the highest median property tax in the nation adds to the savings from downsizing.

As a result, selling the median residence in New York would finance 51.50 years' worth of net rental expenses.

5. Los Angeles/Long Beach/Anaheim, CA

(Covers 45.60 years of net rental expenses)

Los Angeles may have the 14th highest median annual rent in the nation, but that is a relative bargain compared to the 7th highest residential property values.

The upshot is that, when you also factor in savings on property taxes, downsizing in L.A. should net an average of 45.6 years of incremental rental expenses.

6. Bridgeport/Stamford/Norwalk, CT

(Covers 45.21 years of net rental expenses)

This wealthy commuter community just outside the New York metropolitan area has the second highest median property tax in the nation. That creates a large potential savings from downsizing.

That savings cuts down on the net cost of renting and helps the median property value in Bridgeport cover 45.21 years' worth of the net cost of renting.

7. San Luis Obispo/Paso Robles/Arroyo Grande, CA

(Covers 45.03 years of net rental expenses)

Located roughly halfway between the major urban hubs of Los Angeles and San Francisco, this area offers a break from the hubbub of California's more crowded places - but not from the prices.

Again, though, it comes down to the proportions. While this area ranks 21st in terms of the highest median rent in the nation, property values are even more inflated, with owner-occupied housing prices ranking 13th nationally.

The upshot is that downsizing from a typical home in this area could subsidize 45.03 years of net rental expense.

8. Napa, CA

(Covers 43.58 years of net rental expenses)

This renowned wine area is home to some pretty hefty real estate prices. Median owner-occupied home prices rank fifth nationally. As a result, even with the nation's tenth-highest rents, downsizing in Napa should finance an average of 43.58 years' worth of net rental expenses.

9. Kapaa, HI

(Covers 42.82 years of net rental expenses)

This relatively small area on the island of Kauai has been called the island's most charming town. Charm is nice if you can afford it, and in Kapaa it helps if you've benefited from thriving property values locally.

The median value of an owner-occupied home in Kapaa ranks tenth nationally. For someone thinking of downsizing, that would more than make up for rent prices that rank 25th in the U.S. Based on these figures and after accounting for property taxes, downsizing in Kapaa would normally finance 42.82 years' worth of renting.

10. Santa Rosa, CA

(Covers 42.11 years of net rental expenses)

With seven of the top ten rankings in this study, California dominates the list of the best places for downsizing. The general pattern shows that even retirees in high-cost areas don't necessarily have to worry about being driven out by high rents as long as they have built up equity in their homes over the years.

In the case of Santa Rosa, for long-time homeowners the value of that equity has been enhanced by a median property value that has risen to be the sixth highest in the nation. Cashing in this value by downsizing would typically be enough to fund 42.11 years' worth of the net cost of renting.

>> Test your retirement readiness: Retirement Savings Calculator

Does Downsizing Make Sense for You?

The decision to downsize also involves health and lifestyle factors, but this study is intended to point out some of the financial considerations.

Before deciding to downsize, you should consider the property value of your home, how much you would save by eliminating property taxes and other costs of ownership, and what you would have to pay to rent instead.

Age is another factor: The younger you are, the more years of rent you'd likely have to finance if you downsize. And of course, the financial resources you have beyond the value of your home come into play as well.

Even if you choose not to stay in the area where you have owned your home, figuring out how many years of rent you could finance by selling your home is a crucial aspect of downsizing. In some cases, relocating could increase the benefit of downsizing, but in other cases it could make it more expensive.

That's why it pays to crunch the numbers so you know how cost-effective downsizing would be for you.

Metropolitan Areas We Surveyed

This list is dominated by some of the most expensive real estate markets in the United States. However, it seems in several cases that the cost of ownership has run well ahead of the cost of renting. That means that downsizing could help make living in one of these expensive areas relatively affordable.

For retirees who don't want to uproot themselves from family and community after many years, downsizing in any of the top 10 cities could be just the economic solution they need.

Here is the full ranking of 517 cities:

Rank
(By Ratio)
Metropolitan AreaHome Value To Extra Rent Cost Ratio
1San Jose-Sunnyvale-Santa Clara, CA Metro Area54.74
2Santa Cruz-Watsonville, CA Metro Area54.62
3San Francisco-Oakland-Hayward, CA Metro Area54.09
4New York-Newark-Jersey City, NY-NJ-PA Metro Area51.50
5Los Angeles-Long Beach-Anaheim, CA Metro Area45.60
6Bridgeport-Stamford-Norwalk, CT Metro Area45.21
7San Luis Obispo-Paso Robles-Arroyo Grande, CA Metro Area45.03
8Napa, CA Metro Area43.58
9Kapaa, HI Micro Area42.82
10Santa Rosa, CA Metro Area42.11
11Missoula, MT Metro Area40.97
12Bozeman, MT Micro Area39.80
13Santa Maria-Santa Barbara, CA Metro Area39.72
14Providence-Warwick, RI-MA Metro Area39.25
15Truckee-Grass Valley, CA Micro Area39.19
16Corvallis, OR Metro Area39.10
17Salinas, CA Metro Area38.82
18Trenton, NJ Metro Area38.48
19San Diego-Carlsbad, CA Metro Area38.46
20Boston-Cambridge-Newton, MA-NH Metro Area37.69
21Urban Honolulu, HI Metro Area37.62
22Concord, NH Micro Area37.31
23Oxnard-Thousand Oaks-Ventura, CA Metro Area37.16
24Boulder, CO Metro Area36.93
25Bend-Redmond, OR Metro Area36.53
26Helena, MT Micro Area36.44
27Ukiah, CA Micro Area36.28
28Kalispell, MT Micro Area35.94
29Torrington, CT Micro Area35.91
30Barnstable Town, MA Metro Area35.60
31Wenatchee, WA Metro Area35.47
32Greenfield Town, MA Micro Area35.18
33Oak Harbor, WA Micro Area35.14
34Manchester-Nashua, NH Metro Area35.12
35Ocean City, NJ Metro Area34.82
36Seattle-Tacoma-Bellevue, WA Metro Area34.58
37Eureka-Arcata-Fortuna, CA Micro Area34.53
38Bellingham, WA Metro Area34.47
39Bismarck, ND Metro Area34.36
40Mount Vernon-Anacortes, WA Metro Area33.79
41Yuba City, CA Metro Area33.58
42Atlantic City-Hammonton, NJ Metro Area33.56
43Keene, NH Micro Area33.52
44Kahului-Wailuku-Lahaina, HI Metro Area33.45
45Worcester, MA-CT Metro Area33.41
46Longview, WA Metro Area33.36
47Grants Pass, OR Metro Area33.36
48Sacramento -- Roseville -- Arden-Arcade, CA Metro Area33.12
49Portland-Vancouver-Hillsboro, OR-WA Metro Area33.03
50Springfield, MA Metro Area32.80
51Milwaukee-Waukesha-West Allis, WI Metro Area32.74
52Hartford-West Hartford-East Hartford, CT Metro Area32.37
53Madison, WI Metro Area32.29
54Medford, OR Metro Area32.12
55Key West, FL Micro Area32.10
56Reno, NV Metro Area32.08
57New Haven-Milford, CT Metro Area31.53
58Logan, UT-ID Metro Area31.40
59Ann Arbor, MI Metro Area31.39
60Chicago-Naperville-Elgin, IL-IN-WI Metro Area31.28
61Carson City, NV Metro Area30.97
62St. George, UT Metro Area30.71
63Austin-Round Rock, TX Metro Area30.67
64Burlington-South Burlington, VT Metro Area30.67
65Stockton-Lodi, CA Metro Area30.47
66Eugene, OR Metro Area30.37
67Fargo, ND-MN Metro Area30.32
68Pittsfield, MA Metro Area29.95
69Provo-Orem, UT Metro Area29.91
70State College, PA Metro Area29.67
71Portland-South Portland, ME Metro Area29.61
72Kingston, NY Metro Area29.59
73Hilo, HI Micro Area29.54
74Naples-Immokalee-Marco Island, FL Metro Area29.54
75Bremerton-Silverdale, WA Metro Area29.50
76Sheboygan, WI Metro Area29.27
77Prescott, AZ Metro Area29.25
78Salem, OR Metro Area29.23
79Denver-Aurora-Lakewood, CO Metro Area29.16
80Greeley, CO Metro Area29.07
81Albany-Schenectady-Troy, NY Metro Area28.87
82Madera, CA Metro Area28.85
83Appleton, WI Metro Area28.75
84Whitewater-Elkhorn, WI Micro Area28.74
85Fond du Lac, WI Metro Area28.63
86El Centro, CA Metro Area28.58
87Manhattan, KS Metro Area28.53
88The Villages, FL Metro Area28.51
89Racine, WI Metro Area28.48
90Salt Lake City, UT Metro Area28.47
91Spokane-Spokane Valley, WA Metro Area28.41
92Brainerd, MN Micro Area28.31
93Walla Walla, WA Metro Area28.31
94Claremont-Lebanon, NH-VT Micro Area28.27
95Riverside-San Bernardino-Ontario, CA Metro Area28.22
96Anchorage, AK Metro Area28.19
97Cedar Rapids, IA Metro Area28.19
98Lewiston, ID-WA Metro Area28.17
99Iowa City, IA Metro Area28.17
100Fort Collins, CO Metro Area28.16
101Jefferson, GA Micro Area28.15
102Fresno, CA Metro Area28.12
103Port Angeles, WA Micro Area28.09
104Watertown-Fort Atkinson, WI Micro Area28.02
105Albany, OR Metro Area28.00
106Rapid City, SD Metro Area27.98
107Moses Lake, WA Micro Area27.88
108Aberdeen, WA Micro Area27.87
109Sioux Falls, SD Metro Area27.81
110Modesto, CA Metro Area27.76
111Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Metro Area27.76
112Faribault-Northfield, MN Micro Area27.74
113Vallejo-Fairfield, CA Metro Area27.73
114Bloomington, IL Metro Area27.70
115Ogden-Clearfield, UT Metro Area27.64
116Olympia-Tumwater, WA Metro Area27.60
117Washington-Arlington-Alexandria, DC-VA-MD-WV Metro Area27.51
118Stevens Point, WI Micro Area27.50
119Kennewick-Richland, WA Metro Area27.45
120Boise City, ID Metro Area27.44
121Centralia, WA Micro Area27.38
122Billings, MT Metro Area27.38
123Lancaster, PA Metro Area27.08
124Minneapolis-St. Paul-Bloomington, MN-WI Metro Area27.04
125Pinehurst-Southern Pines, NC Micro Area27.00
126Coeur d'Alene, ID Metro Area26.84
127Des Moines-West Des Moines, IA Metro Area26.82
128College Station-Bryan, TX Metro Area26.78
129Norwich-New London, CT Metro Area26.76
130Buffalo-Cheektowaga-Niagara Falls, NY Metro Area26.60
131Wausau, WI Metro Area26.47
132Dubuque, IA Metro Area26.42
133Santa Fe, NM Metro Area26.41
134Cheyenne, WY Metro Area26.39
135Lincoln, NE Metro Area26.31
136Ithaca, NY Metro Area26.29
137Reading, PA Metro Area26.29
138Green Bay, WI Metro Area26.28
139Manitowoc, WI Micro Area26.26
140Allentown-Bethlehem-Easton, PA-NJ Metro Area26.16
141Asheville, NC Metro Area26.15
142Baltimore-Columbia-Towson, MD Metro Area26.06
143Grand Forks, ND-MN Metro Area25.85
144Glenwood Springs, CO Micro Area25.81
145La Crosse-Onalaska, WI-MN Metro Area25.75
146Jefferson City, MO Metro Area25.71
147Beaver Dam, WI Micro Area25.62
148Roseburg, OR Micro Area25.56
149California-Lexington Park, MD Metro Area25.52
150Champaign-Urbana, IL Metro Area25.43
151Chico, CA Metro Area25.40
152Oshkosh-Neenah, WI Metro Area25.31
153Rochester, MN Metro Area25.28
154Ames, IA Metro Area25.27
155Eau Claire, WI Metro Area25.25
156St. Cloud, MN Metro Area25.08
157Gettysburg, PA Metro Area25.07
158Charlottesville, VA Metro Area25.02
159Midland, MI Metro Area24.97
160Merced, CA Metro Area24.87
161Idaho Falls, ID Metro Area24.82
162Dallas-Fort Worth-Arlington, TX Metro Area24.82
163Durham-Chapel Hill, NC Metro Area24.80
164Hermiston-Pendleton, OR Micro Area24.58
165Great Falls, MT Metro Area24.53
166Pocatello, ID Metro Area24.46
167Bakersfield, CA Metro Area24.32
168Coos Bay, OR Micro Area24.26
169Bloomsburg-Berwick, PA Metro Area24.26
170Grand Junction, CO Metro Area24.24
171Athens-Clarke County, GA Metro Area24.18
172Cleveland-Elyria, OH Metro Area24.16
173Glens Falls, NY Metro Area24.11
174Las Vegas-Henderson-Paradise, NV Metro Area24.07
175Yakima, WA Metro Area24.04
176Visalia-Porterville, CA Metro Area24.01
177Niles-Benton Harbor, MI Metro Area23.99
178Columbus, OH Metro Area23.94
179Redding, CA Metro Area23.92
180Augusta-Waterville, ME Micro Area23.90
181Traverse City, MI Micro Area23.81
182Wooster, OH Micro Area23.75
183Casper, WY Metro Area23.72
184Mankato-North Mankato, MN Metro Area23.72
185Grand Rapids-Wyoming, MI Metro Area23.65
186Lewiston-Auburn, ME Metro Area23.61
187Raleigh, NC Metro Area23.57
188York-Hanover, PA Metro Area23.57
189Omaha-Council Bluffs, NE-IA Metro Area23.51
190Lawrence, KS Metro Area23.47
191Auburn, NY Micro Area23.46
192Rochester, NY Metro Area23.34
193Morehead City, NC Micro Area23.17
194Albuquerque, NM Metro Area23.14
195Peoria, IL Metro Area23.11
196Hilton Head Island-Bluffton-Beaufort, SC Metro Area23.09
197Chambersburg-Waynesboro, PA Metro Area23.02
198Nashville-Davidson -- Murfreesboro -- Franklin, TN Metro Area22.99
199Staunton-Waynesboro, VA Metro Area22.89
200Williamsport, PA Metro Area22.86
201Twin Falls, ID Metro Area22.81
202Sebastian-Vero Beach, FL Metro Area22.72
203Harrisonburg, VA Metro Area22.70
204Syracuse, NY Metro Area22.68
205Kalamazoo-Portage, MI Metro Area22.66
206Winchester, VA-WV Metro Area22.57
207Phoenix-Mesa-Scottsdale, AZ Metro Area22.56
208Tucson, AZ Metro Area22.54
209Harrisburg-Carlisle, PA Metro Area22.47
210Utica-Rome, NY Metro Area22.43
211Cincinnati, OH-KY-IN Metro Area22.36
212Colorado Springs, CO Metro Area22.35
213Virginia Beach-Norfolk-Newport News, VA-NC Metro Area22.31
214Waterloo-Cedar Falls, IA Metro Area22.31
215Lake Havasu City-Kingman, AZ Metro Area22.29
216Bangor, ME Metro Area22.26
217Flagstaff, AZ Metro Area22.25
218Columbia, MO Metro Area22.22
219Duluth, MN-WI Metro Area22.21
220Miami-Fort Lauderdale-West Palm Beach, FL Metro Area22.08
221Houston-The Woodlands-Sugar Land, TX Metro Area22.07
222Ottawa-Peru, IL Micro Area22.06
223Lebanon, PA Metro Area21.99
224Elizabeth City, NC Micro Area21.94
225St. Louis, MO-IL Metro Area21.91
226Erie, PA Metro Area21.91
227Akron, OH Metro Area21.87
228Wilmington, NC Metro Area21.86
229Gainesville, GA Metro Area21.84
230Richmond, VA Metro Area21.84
231Mayagüez, PR Metro Area21.77
232Detroit-Warren-Dearborn, MI Metro Area21.70
233Janesville-Beloit, WI Metro Area21.65
234Rockford, IL Metro Area21.65
235Chillicothe, OH Micro Area21.64
236Seneca, SC Micro Area21.64
237Pittsburgh, PA Metro Area21.62
238San Juan-Carolina-Caguas, PR Metro Area21.58
239Klamath Falls, OR Micro Area21.58
240Fairbanks, AK Metro Area21.52
241Findlay, OH Micro Area21.48
242Johnson City, TN Metro Area21.40
243Salisbury, MD-DE Metro Area21.39
244Kansas City, MO-KS Metro Area21.27
245Lexington-Fayette, KY Metro Area21.16
246Pueblo, CO Metro Area21.16
247Dayton, OH Metro Area21.06
248Ponce, PR Metro Area21.03
249Kankakee, IL Metro Area21.02
250Davenport-Moline-Rock Island, IA-IL Metro Area21.00
251Sevierville, TN Micro Area20.95
252East Stroudsburg, PA Metro Area20.91
253Monroe, MI Metro Area20.90
254Lansing-East Lansing, MI Metro Area20.89
255San Antonio-New Braunfels, TX Metro Area20.88
256Holland, MI Micro Area20.87
257Auburn-Opelika, AL Metro Area20.80
258Vineland-Bridgeton, NJ Metro Area20.75
259Dover, DE Metro Area20.67
260Hanford-Corcoran, CA Metro Area20.64
261Louisville/Jefferson County, KY-IN Metro Area20.50
262Marquette, MI Micro Area20.45
263Kingsport-Bristol-Bristol, TN-VA Metro Area20.45
264Las Cruces, NM Metro Area20.44
265Winston-Salem, NC Metro Area20.43
266Canton-Massillon, OH Metro Area20.42
267Bowling Green, KY Metro Area20.36
268Minot, ND Micro Area20.36
269Hagerstown-Martinsburg, MD-WV Metro Area20.31
270Mount Airy, NC Micro Area20.30
271Huntsville, AL Metro Area20.28
272Binghamton, NY Metro Area20.22
273Lynchburg, VA Metro Area20.21
274Indiana, PA Micro Area20.19
275Crestview-Fort Walton Beach-Destin, FL Metro Area20.19
276Greenville, NC Metro Area20.18
277Knoxville, TN Metro Area20.17
278Aguadilla-Isabela, PR Metro Area20.14
279Cookeville, TN Micro Area20.13
280Springfield, IL Metro Area20.10
281Florence-Muscle Shoals, AL Metro Area20.07
282Corning, NY Micro Area20.01
283Charlotte-Concord-Gastonia, NC-SC Metro Area19.98
284Wisconsin Rapids-Marshfield, WI Micro Area19.94
285Fayetteville-Springdale-Rogers, AR-MO Metro Area19.93
286Morristown, TN Metro Area19.88
287Frankfort, KY Micro Area19.87
288Clearlake, CA Micro Area19.86
289Meadville, PA Micro Area19.80
290Mount Pleasant, MI Micro Area19.79
291Palm Bay-Melbourne-Titusville, FL Metro Area19.78
292Scranton -- Wilkes-Barre -- Hazleton, PA Metro Area19.75
293Toledo, OH Metro Area19.65
294Marshall, TX Micro Area19.65
295Atlanta-Sandy Springs-Roswell, GA Metro Area19.63
296North Port-Sarasota-Bradenton, FL Metro Area19.58
297New Orleans-Metairie, LA Metro Area19.55
298New Philadelphia-Dover, OH Micro Area19.51
299Jacksonville, FL Metro Area19.50
300Baton Rouge, LA Metro Area19.50
301Waco, TX Metro Area19.49
302Roanoke, VA Metro Area19.42
303Orlando-Kissimmee-Sanford, FL Metro Area19.36
304Cleveland, TN Metro Area19.36
305Amarillo, TX Metro Area19.33
306Cape Coral-Fort Myers, FL Metro Area19.33
307Punta Gorda, FL Metro Area19.33
308Springfield, MO Metro Area19.31
309San Angelo, TX Metro Area19.31
310Charleston-North Charleston, SC Metro Area19.30
311Owosso, MI Micro Area19.29
312Sunbury, PA Micro Area19.29
313Guayama, PR Metro Area19.28
314Savannah, GA Metro Area19.28
315Wichita, KS Metro Area19.26
316Richmond-Berea, KY Micro Area19.25
317Hickory-Lenoir-Morganton, NC Metro Area19.25
318Tullahoma-Manchester, TN Micro Area19.23
319Grand Island, NE Metro Area19.20
320Stillwater, OK Micro Area19.16
321Adrian, MI Micro Area19.16
322Quincy, IL-MO Micro Area19.12
323Sandusky, OH Micro Area19.09
324Blacksburg-Christiansburg-Radford, VA Metro Area18.98
325Albertville, AL Micro Area18.96
326Sherman-Denison, TX Metro Area18.95
327Arecibo, PR Metro Area18.84
328Tallahassee, FL Metro Area18.83
329Nacogdoches, TX Micro Area18.81
330Plattsburgh, NY Micro Area18.81
331Sioux City, IA-NE-SD Metro Area18.78
332Myrtle Beach-Conway-North Myrtle Beach, SC-NC Metro Area18.78
333Monroe, LA Metro Area18.75
334Farmington, MO Micro Area18.71
335Chattanooga, TN-GA Metro Area18.70
336Cape Girardeau, MO-IL Metro Area18.67
337Morgantown, WV Metro Area18.63
338Branson, MO Micro Area18.62
339Bloomington, IN Metro Area18.57
340Lafayette, LA Metro Area18.56
341Opelousas, LA Micro Area18.51
342Mansfield, OH Metro Area18.49
343Deltona-Daytona Beach-Ormond Beach, FL Metro Area18.45
344Port St. Lucie, FL Metro Area18.45
345Victoria, TX Metro Area18.43
346Evansville, IN-KY Metro Area18.43
347Carbondale-Marion, IL Metro Area18.38
348Youngstown-Warren-Boardman, OH-PA Metro Area18.38
349Tyler, TX Metro Area18.37
350Elkhart-Goshen, IN Metro Area18.32
351Elizabethtown-Fort Knox, KY Metro Area18.24
352Shelby, NC Micro Area18.24
353Killeen-Temple, TX Metro Area18.24
354Cumberland, MD-WV Metro Area18.14
355Oklahoma City, OK Metro Area18.12
356Tulsa, OK Metro Area18.09
357Indianapolis-Carmel-Anderson, IN Metro Area18.08
358Greenville-Anderson-Mauldin, SC Metro Area18.07
359Gainesville, FL Metro Area18.05
360Somerset, PA Micro Area18.03
361El Paso, TX Metro Area18.02
362Little Rock-North Little Rock-Conway, AR Metro Area18.00
363Statesboro, GA Micro Area17.98
364Greensboro-High Point, NC Metro Area17.96
365Bay City, MI Metro Area17.96
366Altoona, PA Metro Area17.91
367Hammond, LA Metro Area17.84
368Lake Charles, LA Metro Area17.84
369Tampa-St. Petersburg-Clearwater, FL Metro Area17.81
370DuBois, PA Micro Area17.78
371Topeka, KS Metro Area17.78
372Jackson, MI Metro Area17.72
373Valdosta, GA Metro Area17.64
374Rome, GA Metro Area17.59
375Spartanburg, SC Metro Area17.56
376London, KY Micro Area17.54
377Muskegon, MI Metro Area17.49
378Marinette, WI-MI Micro Area17.49
379Burlington, NC Metro Area17.47
380Hattiesburg, MS Metro Area17.46
381Midland, TX Metro Area17.42
382Tuscaloosa, AL Metro Area17.41
383Owensboro, KY Metro Area17.41
384Springfield, OH Metro Area17.36
385Lubbock, TX Metro Area17.28
386Longview, TX Metro Area17.28
387Memphis, TN-MS-AR Metro Area17.27
388Lima, OH Metro Area17.25
389Show Low, AZ Micro Area17.25
390Ogdensburg-Massena, NY Micro Area17.25
391Sierra Vista-Douglas, AZ Metro Area17.24
392Birmingham-Hoover, AL Metro Area17.21
393Greeneville, TN Micro Area17.21
394Clarksville, TN-KY Metro Area17.19
395Michigan City-La Porte, IN Metro Area17.17
396Hot Springs, AR Metro Area17.16
397Dalton, GA Metro Area17.16
398St. Joseph, MO-KS Metro Area17.15
399Ashtabula, OH Micro Area17.06
400Salem, OH Micro Area17.01
401Dunn, NC Micro Area17.00
402Lafayette-West Lafayette, IN Metro Area16.98
403Flint, MI Metro Area16.92
404Houma-Thibodaux, LA Metro Area16.79
405Fort Wayne, IN Metro Area16.77
406Searcy, AR Micro Area16.73
407South Bend-Mishawaka, IN-MI Metro Area16.72
408Augusta-Richmond County, GA-SC Metro Area16.71
409Decatur, AL Metro Area16.67
410North Wilkesboro, NC Micro Area16.60
411Portsmouth, OH Micro Area16.58
412Gulfport-Biloxi-Pascagoula, MS Metro Area16.57
413Zanesville, OH Micro Area16.53
414Warsaw, IN Micro Area16.52
415Gadsden, AL Metro Area16.52
416Jonesboro, AR Metro Area16.50
417Kokomo, IN Metro Area16.48
418Jamestown-Dunkirk-Fredonia, NY Micro Area16.37
419Pottsville, PA Micro Area16.37
420Columbus, GA-AL Metro Area16.34
421Jackson, MS Metro Area16.31
422Shreveport-Bossier City, LA Metro Area16.31
423Fort Smith, AR-OK Metro Area16.29
424Farmington, NM Metro Area16.25
425Columbus, IN Metro Area16.24
426Hutchinson, KS Micro Area16.18
427Watertown-Fort Drum, NY Metro Area16.15
428New Bern, NC Metro Area16.14
429Decatur, IL Metro Area16.13
430Wilson, NC Micro Area16.12
431Wheeling, WV-OH Metro Area16.11
432Goldsboro, NC Metro Area16.08
433Alexandria, LA Metro Area16.08
434Parkersburg-Vienna, WV Metro Area16.06
435Daphne-Fairhope-Foley, AL Metro Area16.01
436Dothan, AL Metro Area15.93
437Macon-Bibb County, GA Metro Area15.93
438Florence, SC Metro Area15.91
439Elmira, NY Metro Area15.88
440Ocala, FL Metro Area15.87
441Shawnee, OK Micro Area15.85
442Russellville, AR Micro Area15.84
443Warner Robins, GA Metro Area15.81
444Huntington-Ashland, WV-KY-OH Metro Area15.80
445Pensacola-Ferry Pass-Brent, FL Metro Area15.77
446Laredo, TX Metro Area15.75
447Forest City, NC Micro Area15.71
448Lakeland-Winter Haven, FL Metro Area15.69
449Huntsville, TX Micro Area15.62
450Brunswick, GA Metro Area15.61
451LaGrange, GA Micro Area15.61
452Joplin, MO Metro Area15.58
453Johnstown, PA Metro Area15.58
454Cullman, AL Micro Area15.56
455Olean, NY Micro Area15.49
456Athens, OH Micro Area15.49
457New Castle, PA Micro Area15.48
458Paducah, KY-IL Micro Area15.36
459Muskogee, OK Micro Area15.35
460Talladega-Sylacauga, AL Micro Area15.28
461Marion, OH Micro Area15.20
462Jackson, TN Metro Area15.15
463Columbia, SC Metro Area15.14
464Tupelo, MS Micro Area15.11
465Yuma, AZ Metro Area14.95
466Panama City, FL Metro Area14.93
467Laurel, MS Micro Area14.86
468Corpus Christi, TX Metro Area14.85
469Beaumont-Port Arthur, TX Metro Area14.70
470Saginaw, MI Metro Area14.66
471Texarkana, TX-AR Metro Area14.63
472Wichita Falls, TX Metro Area14.62
473Fort Payne, AL Micro Area14.61
474Battle Creek, MI Metro Area14.61
475Anniston-Oxford-Jacksonville, AL Metro Area14.53
476Fayetteville, NC Metro Area14.40
477Mobile, AL Metro Area14.38
478Jacksonville, NC Metro Area14.31
479Homosassa Springs, FL Metro Area14.29
480Rocky Mount, NC Metro Area14.24
481Odessa, TX Metro Area14.18
482Albany, GA Metro Area14.16
483Montgomery, AL Metro Area14.08
484Orangeburg, SC Micro Area13.93
485Athens, TX Micro Area13.88
486Danville, VA Micro Area13.87
487Hobbs, NM Micro Area13.85
488Lake City, FL Micro Area13.83
489Roswell, NM Micro Area13.50
490Charleston, WV Metro Area13.47
491Weirton-Steubenville, WV-OH Metro Area13.39
492Lawton, OK Metro Area13.39
493Danville, IL Metro Area13.17
494McAllen-Edinburg-Mission, TX Metro Area13.09
495Richmond, IN Micro Area13.08
496Beckley, WV Metro Area13.07
497Clarksburg, WV Micro Area12.74
498Martinsville, VA Micro Area12.72
499Lufkin, TX Micro Area12.68
500Sumter, SC Metro Area12.67
501Terre Haute, IN Metro Area12.65
502Abilene, TX Metro Area12.53
503Enid, OK Metro Area12.38
504Greenwood, SC Micro Area12.37
505Brownsville-Harlingen, TX Metro Area12.32
506Sebring, FL Metro Area12.17
507Roanoke Rapids, NC Micro Area11.92
508Gallup, NM Micro Area11.84
509Muncie, IN Metro Area11.81
510Lumberton, NC Micro Area11.71
511Alamogordo, NM Micro Area11.61
512Marion, IN Micro Area11.61
513Palatka, FL Micro Area11.58
514Bluefield, WV-VA Micro Area11.42
515Meridian, MS Micro Area10.91
516Pine Bluff, AR Metro Area10.37
517Hinesville, GA Metro Area9.87

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