(TheConservatives.org) – 1 million dollars has always been a benchmark for financal success, but obviously that has changed over the years with inflation and everything else involved with how costs evolve.
Real estate is probably the most relatable to everyone in this conversation, as the price of houses everywhere is not what they used to be, there is no doubt.
In the 1970’s a million dollars could get you a nice lavish 4 or 5 bedroom house in almost any desirable city in the United States, including New York City.
Fast forward to today, a million dollars will buy you a solid pad in many areas, but certainly not in any of the bigger coastal cities, or even New York.
1 million in NYC today will most likely buy you a larger shoe box, and outdated at that.
So yes, the purchasing power of a dollar goes down, and that happens every year but 1 million still does hold weight, we don’t want to be a “debby downer” in this entire article!
The market still does fluctuate, so let’s look at the brighter side of things where you can still get more for that 1 million dollar “bag”
Here are some top suburbs in the United States where a million dollars can still get you a big house:
Cleveland, Ohio:
Cleveland still rocks! In areas like Lakewood, Westlake, and Rocky River, a million dollars can buy you a spacious colonial or craftsman-style home with 4-5 bedrooms. A beautiful house for anyone for sure!
San Antonio, Texas:
The suburbs of San Antonio, like Alamo Heights, Stone Oak, and Shavano Park, offer a mix of traditional and modern homes.
Many have large yards and pools!
Atlanta, Georgia:
“Hotlanta!”
The Atlanta suburbs have always been a sought after area, as they quickly space out with close proximity to the city for folks who want both.
Areas like Milton, Johns Creek, and Roswell, you can find spacious houses with 4-6 bedrooms and Awesome features like finished basements and in-ground pools, all within your million-dollar budget.
Average home prices are around $400,000
Dallas-Fort Worth, Texas:
Similar to San Antonio, the suburbs surrounding Dallas and Fort Worth offer a good value for your housing dollar. In areas like Southlake, Grapevine, and Frisco, a million dollars can get you a pad you can brag to your friends about.
Texas is now sought after more and more, and the medium price is around $400,000
Indianapolis, Indiana:
The Indianapolis area is known for its affordability, and its suburbs are no different.
Areas like Carmel, Westfield, and Fishers, a million will go a long way.
Average home prices are within the $300,000 range!
