Inflation is a natural economic phenomenon that significantly impacts your daily life. As inflation happens, the cost of goods and services inevitably increases, making you spend more to maintain your lifestyle.
Unfortunately, this fact is particularly true for those living on the West Coast, where the cost of living is already notoriously high. Housing, food, and transportation costs are just a few of the expenses that continue to rise in this region. As such, people may find it increasingly challenging to manage their finances. However, there are still ways to live on a budget and make ends meet.
Read below to know more about some of the cities on the West Coast you can move into and budgeting techniques to help you manage your finances for a comfortable life.
Best Cities on the West Coast
The West Coast is home to some of the world's most vibrant and exciting cities. Below are some that are worth exploring and staying in.
- Logan Utah
Logan City should be your best bet if you want to live in Utah. It has been recognized as the 15th-best city to live on the West Coast due to its low unemployment rate of 2.0%. In fact, it's one of the lowest rates in the US. Moreover, the city has the 18th-highest percentage of work-from-home jobs, accounting for 38.4% of the total job market in the West region.
- Scottsdale, Arizona
In contrast to neighboring Flagstaff, Scottsdale has a milder climate with little to no snowfall. The city's warm weather allows residents to enjoy outdoor activities, including vast golf courses, numerous local art galleries, and a wide range of dining and shopping options. This place has everything from luxury retailers to unique boutiques and upscale malls.
- Cheyenne, Wyoming
Cheyenne is ideal for people seeking a short weekly commute and a low population density. It doesn't just have the fastest average weekly commute of two hours and 28 minutes among all US metro areas. The city also boasts a vibrant downtown with numerous shops, restaurants, and cultural events.
Moreover, the area has a strong sense of community, perfect for families or anyone looking for a friendly and welcoming place to call home. - Coeur d'Alene, Idaho
This city is famous for water sports on Lake Coeur d'Alene and numerous trails in Canfield Mountain Natural Area and Coeur d'Alene National Forest. Aside from its lush nature, the city exhibits a resort-like feel during summers and a laid-back atmosphere. It offers a slower-paced life ideal for families.
- Walla Walla, Washington
Walla Walla is perfect for people who value short commutes and affordable housing. It ranks fourth for the fastest commute times in the West region, with an average weekly of two hours and 47 minutes.
Plus, the average monthly housing cost is around $943—an affordable option for those looking to live in the Pacific Northwest. Furthermore, Walla Walla is known for its thriving wine industry, vibrant downtown scene, and abundant outdoor activities such as hiking, biking, and skiing in the nearby Blue Mountains.
5 Advantages of Living on the West Coast
The West Coast isn't all that bad. The region offers several advantages, making it an attractive destination for anyone seeking a high quality of life.
- Mild and pleasant climate
One of the most significant advantages of living on the West Coast is the mild and pleasant climate, with moderate temperatures year-round. You can enjoy outdoor activities and events throughout the year without worrying about extreme heat or cold. - Beautiful natural landscapes
The West Coast is home to some of the most beautiful natural landscapes in the United States. It offers endless outdoor adventures and breathtaking views, from stunning beaches and rugged coastlines to towering mountains and scenic national parks. - Business opportunities
The West Coast is an excellent choice if you're looking for job or business opportunities. It's home to some of the world's most innovative and successful companies, making it an attractive destination for entrepreneurs and job seekers. This region offers various business opportunities in diverse industries, from Silicon Valley to Hollywood. - More diversity and inclusion
The area also has a progressive and inclusive culture. It's an ideal destination for people from all walks of life. It has a diverse population, and its cities are known for their welcoming and open-minded communities. - Lower home maintenance costs
While the cost of living on the West Coast can be high, one advantage is that home maintenance costs are often lower than in other regions in the US. The mild climate means you don't have to worry about extreme weather conditions that can damage your home. Moreover, electricity costs are often lower due to the region's emphasis on sustainability and renewable energy.
6 Ways to Manage Finances While Living on the West Coast
Managing finances can be challenging, especially when living on the West Coast, where the cost of living can be high. Here are some budgeting tips to help you live comfortably in the region.
- Create and stick to a budget
One of the most critical steps in managing your finances on the West Coast is to create and stick to a budget. Doing so will help you monitor your expenses and prevent overspending. When creating a budget, include all your monthly expenses, such as rent or mortgage, utilities, transportation, groceries, and debt payments. - Look for affordable housing options
Rent and mortgages are often the biggest expenses on the West Coast. So, consider living in a smaller apartment or a less expensive neighborhood to save money. Look for housing options close to public transportation routes or bike lanes, which can help you save money on transportation costs. - Use public transportation or bike to work
Gas prices on the West Coast can be high. But you can save money in the long run by commuting via public transportation, like taking the bus or train going to and from anywhere. Consider biking to work if you live close enough to your workplace. This option is more cost-effective and a great way to exercise, helping you stay fit. - Shop at discount stores and thrift shops
The West Coast has many thrift and discount stores that offer affordable clothing and household items. Shopping at these boutiques can help you save money while reducing waste and supporting local businesses. - Use credit cards wisely
Credit card debt can quickly increase, especially in an expensive region like the West Coast. To avoid high-interest rates and unnecessary fees, use credit cards wisely and pay off the balance in full every month.
Aside from saving money, using your credit card wisely can also increase your credit score. In effect, you can boost your chances of getting approved for loans and other credit cards when you decide to get one. - Consider a side hustle
With the thriving gig economy on the West Coast, there are many opportunities to earn extra income through part-time jobs or freelance work. So, consider taking on a side hustle. This way, you can supplement your primary income and help you reach your financial goals faster.
Live Comfortably Without Breaking the Bank
Living on a budget on the West Coast can be challenging but not impossible. Follow the tips above to save money and live comfortably in this vibrant region.
Remember, managing finances is an ongoing process—and developing good habits takes time and effort. However, with discipline and consistency, you can achieve your financial goals and enjoy all the West Coast has to offer without breaking the bank.
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