Financial Pros and Cons of Small Town Living

small town living

Like Kim, I too live in a small town. A few years ago she discussed some of the reasons why she and her family live in a small town, as well as some of the downsides of small town living. Honestly, I think it’s my favorite post of all time from Eyes on the Dollar because I knew exactly what she was talking about in her post.

You see, I live in a small town of 7,000 and although I’ve thought about moving at different times over the past few months since I quit my job to pursue self employment, there are a lot of reasons that I keep coming back to small town living as the best option for me. Of course not all of the aspects of small town living vs big city living have to do with finances, but many of them do.

If you have ever found yourself contemplating moving to a small town to get away from the big city, or vice versa, check out these financial pros and cons of small town living.

Financial Pros of Small Town Living

Small town living saves time.

One of my favorite things about small town living is that I don’t have to waste time being stuck in traffic or commuting. Even when I drove to and from work each week day during “rush hour” there was never a line or a traffic jam of any kind. I definitely took that for granted.

When I recently visiting a friend in a very small city, but still a few steps up in size from my town of 7,000, I found myself annoyed at being stuck in line for several rounds of street lights before I finally able to go. Sigh! Small town living saves a ton of time by not being stuck in traffic, and since time is money, you’ll be doing yourself a favor by not being stuck in traffic, plus you’ll also save gas.

You’ll know your neighbors.

Living in a small town and knowing my neighbors personally has saved me a lot of money over the past few years. I’ve commonly found ways to share equipment for yard and household projects, as well as splitting baskets of fresh produce from the farmer’s market with my neighbor in the summer. Splitting a produce basket saves us both from having to throw away produce that we can’t use up in time and we share the cost of the basket too.

Another benefit of knowing your neighbors is being able to ask them for an occasional favor whenever you travel out of town. For instance, my neighbor is more than willing to come over and take care of my dogs while I’m away for a couple of days and I return the favor when she travels too. This saves us both from having to pay for a pet sitter or boarding house for our pets when we travel.

Lower overall cost of living.

This is something Kim touched on too, but it’s worth repeating. For my $850/month house payment I get a 4 bedroom, 3 bathroom house. I also have a 2 car garage and nice-sized front and back yards. I have a lot of space for little money compared to those who live in a city. My mortgage payment also includes my annual property taxes, my insurance, plus principal and interest on my loan. That’s a pretty sweet perk of small town living!

Less temptation to spend money.

Not having a Target, a shopping mall, or very many restaurants helps cut down on the temptations to spend money, and I need all the help I can get! 🙂 I have notoriously struggled with both eating out and shopping in the past, so having limited opportunities in my small town for each of those problem areas really helps my budget.

Financial Cons of Small Town Living

Limited choices for cell phone plans.

I sincerely wish I could sign up for a cheaper cell phone plan, like Republic Wireless or Cricket. I’ve looked into both options, as well as any other “nontraditional” cell phone companies and plans I can think of, but they are not available in my rural area. Therefore, I am stuck paying more with one of the “big 3” for my cell phone plan, and even then I do have places where reception is questionable at best.

You may have to drive more.

Although my small town is big enough to have most of the necessities our community needs, we do have to drive to nearby cities for some products and services. For example, we don’t have many “specialists” that come to our rural hospital, so if we have to see a special doctor for some reason, we have to drive 1.5-3 hours one-way to go to an appointment.

We do save gas by having very short daily commutes, unless you live outside of the city limits, but sometimes we have to drive further to access some of the things we need. Luckily, online shopping has cut down on some of these needs because we can order products online these days instead of having to drive to another city to go to an actual store.

Internet is kind of a rip-off.

I’ve compared the price of my monthly internet service with that of some of my bloggers friends and I am definitely overpaying for the limited speed I receive from our local internet provider, but just like with cell phones, there aren’t really any other options to help cheapen the price through competition. Bummer! At least internet is a business expense. 🙂

Overall, I’m pretty happy with living in my small town, at least for now. But it’s also worth noting that there are far more variables to consider about small town living other than just financial ones.

Have you ever considered small town living?


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Snipon is owned and run by a small team who love to find deals on a dime along with the best sweepstakes and giveaways out there. We’re always scrolling the internet for the latest offers to share them with our community. Sign up for our weekly newsletter so you don’t miss another freebie!
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