I'm reasonably wealthy and live in a single family home on the coast. (Well 1 mile from the coast.) So this is not about me. But the truth is, I probably couldn't live anywhere else (beyond living a couple hours away and having a horrendous commute) because:
1) My job is here and they won't let me work remotely. While I don't need this specific job, I've lived in cheaper areas and the jobs available were few and far between. You can find them, it's just a huge pain in the ass and they don't treat their employees nearly as well. I've even worked for myself, but it's a lot more work and not everyone is cut out for it. I threw in the towel after 5 years because it was burning me out so much.
2) My spouse has medical issues that even the best doctors in the big cities are having trouble treating. There's no way they'd be able to treat her in the sticks. You just can't get the types of services needed for some things in lower-cost-of-living areas.
1) My job is here and they won't let me work remotely. While I don't need this specific job, I've lived in cheaper areas and the jobs available were few and far between. You can find them, it's just a huge pain in the ass and they don't treat their employees nearly as well. I've even worked for myself, but it's a lot more work and not everyone is cut out for it. I threw in the towel after 5 years because it was burning me out so much.
2) My spouse has medical issues that even the best doctors in the big cities are having trouble treating. There's no way they'd be able to treat her in the sticks. You just can't get the types of services needed for some things in lower-cost-of-living areas.