This Is the Most Affordable U.S. Lake Town in the U.S.

"The most affordable lake town in the U.S., according to their rankings, is Grenada, Mississippi. Located in north-central Mississippi, about 1.5 hours from both Jackson and Memphis, Grenada has a very low cost of living (just $2,493 a month) thanks in part to low average mortgage costs, which are around $708 a month. The average value of a single-family home is $123,711, and the median household income is $42,470."

"The town offers easy access to the 90,000-plus-acre Grenada Lake, a reservoir popular for boating, fishing, swimming, and other outdoor activities. The town also features many parks and green spaces, a warm climate, classic Southern hospitality, and wildlife reserves. It's also located on the Mississippi Blues Trail, which marks significant locations tied to the history and influence of blues music."

Twenty U.S. cities and towns located on or near lakes were ranked for affordability. Grenada, Mississippi, is the most affordable with a monthly cost of living of $2,493, average mortgage around $708, average single-family home value $123,711, and median household income $42,470. Grenada provides access to the 90,000-plus-acre Grenada Lake for boating, fishing, swimming, and other outdoor activities, plus parks, warm climate, wildlife reserves, and locations on the Mississippi Blues Trail. Ashtabula, Ohio, and Lorain, Ohio, also rank near the top with low monthly costs, home values around $143,233 and $151,018, and median incomes of $43,782 and $45,799 respectively.

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