Would my family be better off moving to a small town?

Would my family be better off moving to a small town?

Jordan Goodman (Personal Finance Author) gives expert video advice on: Why is life so expensive?; Why are things so expensive?; How much is the cost of living expected to go up in the coming years? and more...

There are pros and cons of being in a small town versus a medium size town or a big town. The advantage of a small town is certainly that your cost of living is going to be lower. You are going to be in an area where all the stores are right there. Your taxes are going to be lower. In general, there are going to be fewer services. The disadvantage is you are going to have fewer employment opportunities. If you have a smaller town it just has fewer employers to go to. If you have some kind of job or a profession that can be done online or on the phone, maybe it is not important if there are local employers there. If you are a day trader who is getting a lot of stocks, it doesn't matter where you are. But in general, medium and bigger size towns are going to have more services, better schools, more kinds of shops that you can shop in and a more diverse population. But you have to pay for that in the form of higher property taxes and in general, a higher cost of living.