Affectionately known as Indy, Indianapolis is a city that wears many hats, each more fascinating than the last. From the roar of engines at the Indy 500 to the quiet corridors of its renowned museums, the city has something for everyone.
As a place where sports, art, and delicious food intersect, Indianapolis is known for a lot and loved by those lucky enough to buy a home in Indy. As the capital of Indiana, Indianapolis is not just the political center, it’s a hub for growing families, aspiring politicians, and seasoned foodies alike.
Let’s explore ten of the top things that make Indianapolis a standout destination and uncover what the city is really known for.
1. The Indianapolis Colts
Home to the Indianapolis Colts, Lucas Oil Stadium is a cornerstone of the city’s sports scene. Every season, folks don blue and white to cheer on their team. The Colts have been an integral part of the community since relocating from Baltimore in 1984 and have ingrained themselves into the city’s identity.
2. The Indy 500
You can’t talk about the many things Indianapolis is known for without covering the Indianapolis 500. The 500, as it’s often called, is more than just a race; it’s an annual tradition that takes over the city every May. Held at the Indianapolis Motor Speedway, it’s widely considered to be one of the greatest spectacles in racing.
3. Steer-In
The Steer-In restaurant in Eastside Indianapolis is a local treasure, famous for its classic Hoosier pork tenderloin sandwich. This diner has been serving up hearty American fare since the 1960s and became a landmark after being featured on the Food Network. It’s a must-visit for anyone craving authentic Indiana flavor.
4. The Children’s Museum of Indianapolis
As the largest children’s museum in the world, The Children’s Museum of Indianapolis is full of exhibits that educate and excite young minds. From dinosaurs to space travel, the museum’s interactive displays provide fun for the entire family, making it a key reason many people visit Indianapolis.
5. Birthplace of Wonder Bread
Indianapolis claims a unique slice of culinary history as the birthplace of Wonder Bread. Launched in 1921, this iconic brand revolutionized bread production with pre-sliced loaves, making it a staple in American households.
6. Indianapolis Cultural Trail
The Indianapolis Cultural Trail connects the city’s five downtown districts. This urban trail is an ideal path for pedestrians and cyclists, linking neighborhoods, entertainment venues, and restaurants. It’s an innovative example of how the city prioritizes accessibility and recreation.
7. Indianapolis Motor Speedway and Museum
Situated within the famed Indianapolis Motor Speedway, the museum is a haven for motorsports enthusiasts. It houses an extensive collection of race cars and memorabilia, tracing over a century of racing history. The museum is an essential visit for anyone interested in the fascinating evolution of auto racing.
8. Eagle Creek Park
One of the largest city parks in the United States, Eagle Creek Park covers over 3,900 acres of land and water. It supports outdoor activities like hiking, bird watching, and more. The park is a beautiful retreat for nature lovers and those looking to escape the pressures of city life without traveling far.
9. Monument Circle
Monument Circle, located smack-dab in the middle of downtown Indianapolis, is iconic with its towering Soldiers and Sailors Monument. This landmark is a focal point for social gatherings and seasonal events, serving as a scenic backdrop for concerts, festivals, and other community activities.
10. Broad Ripple Village
Broad Ripple Village is Indianapolis’ answer to a lively, bohemian neighborhood, teeming with art galleries, boutiques, and eclectic dining options. This area is particularly popular among younger crowds and the artistically inclined. Its strong nightlife and culture keep the neighborhood buzzing with energy and creativity.
Have you ever asked yourself, “Should I move to Omaha, NE?” If you’re considering it, you’re looking at a city that’s a blend of unique culture and quiet, friendly neighborhoods. Living in Omaha means experiencing the warmth of a community that values connection. From the bustling Old Market district with its cobblestone streets to the tranquil paths along the Missouri River, Omaha offers a one-of-a-kind lifestyle that balances urban convenience with natural beauty. In this article, we’ll dive into the pros and cons of living in Omaha to help you figure out if this city is the right fit for you. Let’s explore together.
Omaha at a Glance
Walk Score: 48 | Bike Score: 42 | Transit Score: 24
Median Sale Price: $266,500 | Average Rent for 1-Bedroom Apartment: $1,155
Omaha neighborhoods | Houses for rent in Omaha | apartments for rent in Omaha | Homes for sale in Omaha
Pro: Rich cultural scene
Omaha boasts a vibrant cultural scene that’s both diverse and engaging. From the renowned Omaha Community Playhouse, the largest community theater in the U.S., to the annual Omaha Blues, Jazz, & Gospel Festival, the city offers a plethora of artistic and musical events. The Joslyn Art Museum showcases an impressive collection of both permanent and traveling exhibits. This cultural richness provides residents with an array of activities and experiences unique to the city.
Con: Limited public transportation
With a Transit Score of 24, one of the challenges of living in Omaha is the limited public transportation options. While the city has a bus system, the routes and frequencies may not cater to everyone’s needs, especially those living outside the central areas. This situation often necessitates owning a car to navigate the city efficiently, which can add to one’s cost of living through car payments, insurance, and maintenance expenses.
Pro: Thriving job market
Omaha’s economy is robust, with a thriving job market that’s attractive to people across various industries. Home to five Fortune 500 companies, including Berkshire Hathaway, Union Pacific Railroad, and Mutual of Omaha, the city offers ample employment opportunities. Additionally, Omaha’s startup scene is growing, supported by a strong ecosystem of investors and incubators. This economic diversity makes Omaha an appealing place for career growth and stability.
Con: Weather extremes
Residents of Omaha experience the full spectrum of seasonal changes, from hot, humid summers to cold, snowy winters. While the changing seasons can be beautiful, they also present challenges. Summers can see temperatures soaring above 90 degrees Fahrenheit, requiring reliance on air conditioning. Conversely, winters can be brutally cold, with significant snowfall and ice. This often necessitates a robust winter wardrobe and potentially impacts daily commutes. These weather extremes can affect outdoor activities and overall comfort.
Pro: Exceptional educational opportunities
Omaha is home to a number of highly regarded educational institutions. Creighton University and the University of Nebraska at Omaha offer top-tier higher education with a variety of programs. The city also boasts a strong public school system, with several schools receiving high rankings at both state and national levels.
Con: High property taxes
One downside to living in Omaha is the relatively high property taxes. Nebraska ranks among the states with the highest property tax rates, which can significantly impact homeowners. These taxes contribute to the overall cost of living and can be a burden for homeowners on a fixed income or those budgeting carefully.
Pro: Green spaces and recreation
Omaha is rich in green spaces and recreational opportunities, making it an ideal city for outdoor enthusiasts. The city’s crown jewel, Lauritzen Gardens, offers a tranquil escape with its botanical center and beautiful landscapes. Zorinsky Lake Park provides a haven for fishing, boating, and hiking. Moreover, the city’s commitment to maintaining and expanding its parks ensures that locals have ample space for leisure and outdoor activities.
Con: Geographical isolation
Despite its many amenities, Omaha’s geographical location in the Midwest can feel isolating to some. The city is several hours away from other major metropolitan areas, which can limit access to larger cultural and recreational events. This isolation can also impact travel plans, as flights to and from Omaha might not offer as many direct routes as those in coastal cities. For those used to a more connected urban environment, this can be a significant adjustment.
Pro: Community engagement and volunteerism
Omaha has a strong sense of community, with high levels of engagement and volunteerism. The city hosts the annual Berkshire Hathaway shareholders meeting, which not only attracts global attention but also fosters a sense of pride and participation among locals. Numerous nonprofits and community organizations offer opportunities for residents to get involved, making it easy to make a difference. This community spirit is a defining characteristic of Omaha, enhancing the city’s livability.
Jenna is a Midwest native who enjoys writing about home improvement projects and local insights. When she’s not working, you can find her cooking, crocheting, or backpacking with her fiancé.
In the Pacific Northwest, Idaho, with its rugged landscapes, outdoor adventures, and small-town charm, is an adventurous state to call home. Known as the “Gem State” for its rich natural resources and stunning scenery, Idaho offers a unique blend of urban convenience and rustic tranquility. From the bustling streets of Boise, the state’s vibrant capital, to the quaint atmosphere of Coeur d’Alene, Idaho exudes a sense of community and warmth that resonates with residents and visitors. However, there are challenges to living there. This ApartmentGuide article will take you through the pros and cons of living in Idaho so you can get some insight on what to expect.
Renting in Idaho snapshot
1. Pro: Stunning natural landscapes
From the rugged peaks of the Sawtooth Mountains to the tranquil shores of Lake Coeur d’Alene, the state’s diverse terrain captivates with its beauty. Iconic landmarks such as Shoshone Falls, often referred to as the “Niagara of the West,” and the vast wilderness of the Frank Church-River of No Return Wilderness Area showcase the state’s pristine natural beauty, drawing outdoor enthusiasts and nature lovers from near and far.
2. Con: Limited public transportation
One of the drawbacks of living in Idaho is the limited public transportation infrastructure, particularly in rural areas, which can pose challenges for residents who rely on public transit. Larger cities in Idaho like Boise offer some bus services, but coverage may be sparse, making it difficult for commuters to access employment centers or navigate the city without a personal vehicle.
3. Pro: Low cost of living
Idaho boasts a low cost of living compared to many other states, making it an attractive destination. Cities like Idaho Falls provide residents access to affordable housing options, with a median home sale price of $329,900 and an average rental price for a one-bedroom apartment standing at $1,045. Additionally, everyday expenses such as groceries, utilities, and healthcare are generally more affordable in the state.
4. Con: Seasonal allergies
Idaho’s diverse flora and seasonal changes contribute to high pollen levels, triggering allergies for many residents. Springtime brings pollen from trees like cottonwood, birch, and juniper, while summer and fall see increased pollen from grasses and weeds.
5. Pro: Friendly communities
Idaho is known for its friendly and welcoming communities, where neighbors still know each other by name and a strong sense of camaraderie prevails. Small towns like Sandpoint and McCall epitomize this warmth and hospitality, fostering tight-knit communities where residents support one another and take pride in their shared heritage.
6. Con: Limited job opportunities in certain sectors
While Idaho’s economy is diverse, certain sectors may offer limited job opportunities compared to large metros. Industries like technology and healthcare thrive in cities such as Boise, but residents in rural areas may face challenges finding employment in specialized fields.
7. Pro: Low traffic congestion
Idaho’s relatively low population density translates to minimal traffic congestion, offering residents shorter commute times and less stress on the road. Even in urban centers like Boise and Idaho Falls, commuters enjoy smoother traffic flow compared to larger metropolitan areas.
8. Con: Harsh winter weather
Idaho experiences harsh winter weather conditions, particularly in mountainous regions, which can pose challenges for residents. Heavy snowfall, freezing temperatures, and icy road conditions can disrupt daily life, leading to transportation difficulties and safety concerns.
9. Pro: Four distinct seasons
From skiing and snowboarding in the winter to hiking and camping in the summer, each season brings its own unique charms and opportunities for adventure. In the fall, vibrant foliage dot the landscapes in red and gold, while spring brings blooming wildflowers and warmer days ahead. These distinct seasons provide recreational opportunities for residents all year long.
10. Con: High elevations
Living in Idaho means residing at high elevations in many areas, which can have implications for health and well-being. Cities like Ketchum and Hailey, located in the Sun Valley region, sit at elevations above 5,000 feet, which may cause altitude-related issues for some residents, such as altitude sickness and dehydration.
11. Pro: Thriving arts scene
The thriving arts scene in Idaho gives residents the access to a vibrant array of artistic expressions and performances. For instance, Sun Valley host art galleries, theaters, and music venues that showcase local talent and attract artists from around the world. Annual events like the Sun Valley Film Festival, known for its celebration of independent cinema, further enrich Idaho’s cultural landscape.
12. Con: Wildfire risk
Idaho’s dry climate and extensive forested areas increase the risk of wildfires, particularly during the summer months. Residents in rural and mountainous regions, such as those near Boise National Forest or Sawtooth National Forest, may face evacuation orders and property damage due to wildfires.
Methodology : The population data is from the United States Census Bureau, walkable cities are from Walk Score, and rental data is from Redfin.
In the heart of the Peach State, Atlanta, GA, combines history, modernity, and Southern hospitality. Landmarks such as the Georgia Aquarium, the World of Coca-Cola, and the Martin Luther King Jr. National Historic Site showcase what the city has to offer its 500,000 residents.
In Atlanta, the average rent for a one-bedroom apartment is $1,857, meaning there are apartments for every budget. But if you’re looking to live in Atlanta’s popular areas, it might cost you more. If that sounds like you, ApartmentGuide can help. We’ve gathered a list of the most expensive neighborhoods in Atlanta to rent an apartment in this year.
13 Expensive Neighborhoods in Atlanta, GA
From Reynoldstown to East Atlanta, there are many Atlanta neighborhoods to consider renting in if you’re looking to be in the heart of the city. You can also find plenty of luxury apartments in the neighborhoods below.
1. Reynoldstown 2. East Atlanta 3. Midtown 4. West Highlands 5. Cabbagetown 6. Old Fourth Ward 7. Inman Park 8. Northeast Atlanta 9. Atlantic Station 10. Lenox 11. North Buckhead 12. Home Park 13. Buckhead
Read on to see what each neighborhood has to offer its residents.
1. Reynoldstown
Average 1-bedroom rent: $2,442 Apartments for rent in Reynoldstown
Reynoldstown is the most expensive neighborhood in Atlanta, as the average rent for a one-bedroom unit is $2,442. There are plenty of reasons why this neighborhood draws residents. Reynoldstown is home to attractions like the Atlanta BeltLine and The Eastern. This historic neighborhood is close to popular areas like Inman Park, Cabbagetown, and Sweet Auburn, making it a prime location to explore the city. If you’re looking for a taste of the neighborhood, there are a variety of local restaurants to explore, like Muchacho, La Semilla, and ParkGrounds, showcasing Atlanta’s food scene. For renters living in Atlanta without a car, the Inman Park/Reynoldstown subway station is in the area.
2. East Atlanta
Average 1-bedroom rent: $2,400 Apartments for rent in East Atlanta
East Atlanta is a bustling area that’s adjacent to Reynoldstown. This beautiful neighborhood is near lots of attractions like Walker Park and DeKalb Memorial Park. East Atlanta is well-known for its charming shops and cafes along Flat Shoals Avenue and Glenwood Avenue, like The Earl, Argosy, and Flatiron Bar and Grill. The average rent for one-bedroom apartments is $2,400, which is about $600 above the city’s average, making it a pricier neighborhood. However, East Atlanta’s artsy vibe and amenities may be worth it.
3. Midtown
Average 1-bedroom rent: $2,263 Apartments for rent in Midtown
With an average one-bedroom rent of $2,263, Midtown is the third most expensive neighborhood in Atlanta. This neighborhood has plenty of historic homes in styles like Victorian and Craftsman, as well as properties with picturesque views of the cityscape. You can find countless museums and landmarks like the Margaret Mitchell House, the Fox Theatre, MODA, and the High Museum of Art. Midtown is also near the highway and MARTA stops, making it a convenient location for commuters.If you’re looking for a relaxing afternoon, you can find Piedmont Park and the Midtown Historic District in the area.
Learn more about the Midtown neighborhood in Atlanta.
4. West Highlands
Average 1-bedroom rent: $2,250 Apartments for rent in West Highlands
West Highlands is the next most expensive neighborhood in Atlanta. This neighborhood is located a little farther outside the Downtown Atlanta area, but it’s still close to the US 278 highway, making it easy for commuters. West Highlands has plenty of trails like Proctor Creek Greenway and Westside Park.
5. Cabbagetown
Average 1-bedroom rent: $2,200 Apartments for rent in Cabbagetown
Just about 2 miles from Downtown, Cabbagetown is a stellar neighborhood if you want to live close to Downtown. While more expensive, the perks of living in Cabbagetown may help offset the costs. For example, you can live in Atlanta without a car as Cabbagetown is near bus routes. You can also walk to attractions like the Krog Street Tunnel and the Krog Street Market. This artsy neighborhood has plenty of restaurants and bars to check out, such as Agave and Petit Chou.
Learn more about the Cabbagetown neighborhood in Atlanta.
6. Old Fourth Ward
Average 1-bedroom rent: $2,127 Apartments for rent in Old Fourth Ward
Next up is Old Fourth Ward, the sixth most expensive neighborhood in Atlanta. Old Fourth Ward is full of history and charm with tree-lined streets, historic buildings, and museums, like Ponce City Market and the Birth Home of Martin Luther King, Jr. This area also has plenty of parks, restaurants, and attractions, so you’ll have lots to explore. Make sure to enjoy the outdoors at Historic Fourth Ward Park or grab a meal at one of the neighborhood restaurants, like Thumbs Up Diner or Bomb Biscuit Atlanta. It’s no wonder the rents are above Atlanta’s average.
Learn more about the Old Fourth Ward neighborhood in Atlanta.
7. Inman Park
Average 1-bedroom rent: $2,111 Apartments for rent in Inman Park
Located east of Old Fourth Ward, Inman Park is the next neighborhood on our list. Inman Park has a friendly atmosphere and vibrant feeling, with plenty of local cafes and restaurants along North Highland Avenue, such as Barcelona Wine Bar and Sotto Sotto. You can also check out some of Inman Park’s green spaces, like Springvale Park and the Eastside BeltLine. Make sure to explore landmarks like Krog Street Market and the Jimmy Carter Presidential Library and Museum, or explore the neighborhood’s Victorian-style homes.
Learn more about the Inman Park neighborhood in Atlanta.
8. Northeast Atlanta
Average 1-bedroom rent: $2,082 Apartments for rent in Northeast Atlanta
Northeast Atlanta takes the eighth spot on our list of most expensive neighborhoods in Atlanta. The average rent for a one-bedroom unit is roughly $200 more than the city’s average. Northeast Atlanta is a great option to consider if you’re looking to be near attractions like Piedmont Park, which is home to the Atlanta Botanical Garden and the Meadow, Morningside Nature Park, or the Midtown neighborhood. Northeast Atlanta is also close to some of the most affordable neighborhoods in Atlanta.
9. Atlantic Station
Average 1-bedroom rent: $1,961 Apartments for rent in Atlantic Station
A well-loved Atlanta neighborhood, Atlantic Station is the next area. Atlantic Station is home to the Atlantic Station shopping center and IKEA, meaning there are plenty of places to shop. You’ll find several landmarks in the area, like the Millennium Gate Museum and the Museum of Illusions – Atlanta, so make sure to explore the area’s charm. If you need to commute to work, there are a few bus stops in the area.
10. Lenox
Average 1-bedroom rent: $1,960 Apartments for rent in Lenox
The tenth most expensive neighborhood in Atlanta is Lenox, located in northern Atlanta. This area has a vibrant feeling with its popular restaurants and upscale shops at the Lenox Square Mall. You can find the Sloomoo Institute and LEGO Discovery Center Atlanta, providing residents with lots of opportunities to enjoy their neighborhood. If you’re a renter commuting into the city, it’s easy since the Buckhead MARTA line stops in Lenox.
11. North Buckhead
Average 1-bedroom rent: $1,959 Apartments for rent in North Buckhead
Number 11 on our list is North Buckhead, just north of Lenox. It’s a fantastic area if you’re looking for a neighborhood with lots of shopping areas, parks, and restaurants. For example, you can find plenty of cozy cafes and lively restaurants, like Bistro Niko, South City Kitchen Buckhead, and Buttermilk Kitchen. North Buckhead is also close to parks like Chastain Park and the Blue Heron Nature Preserve.
12. Home Park
Average 1-bedroom rent: $1,901 Apartments for rent in Home Park
Taking the 12th spot is Home Park. The average rent for a one-bedroom apartment is $1,901, compared to the city’s average of $1,857, so it’s only a little more expensive. This neighborhood is close to other popular neighborhoods like Atlantic Station and Midtown. Home Park’s expensive rent may be offset by its famous attractions like Georgia Tech, Terminal West, The Painted Duck, and the Atlantic Station shopping center. The convenience of these activities might be worth it to move to the neighborhood.
13. Buckhead
Average 1-bedroom rent: $1,882 Apartments for rent in Buckhead
Buckhead is the last on our list of most expensive neighborhoods to live in Atlanta. The Buckhead neighborhood is a popular area to consider living in Atlanta, well-known for its luxurious atmosphere, stunning properties, and the Greek-Revival Governor’s mansion. With attractions like Lenox Square, Phipps Plaza, and the Buckhead Theater, there are many reasons this expensive area may be for you. Be sure to check out Chastain Park and the Atlanta History Center to get the most out of the area. You can also explore the charming streets of local bars and restaurants like Peachtree Road and Roswell Road.
Learn more about the Buckhead neighborhood in Atlanta.
Methodology: Whether a neighborhood has an average 1-bedroom rent price over the city’s average. Average rental data from Rent.com in March 2024.
People with dementia who live in long-term care facilities are spending a significant portion of their income each month on care, according to an October 2023 study published in the Journal of the American Medical Directors Association (JAMDA). The study found that the median adult with dementia in an assisted living facility spent nearly all of their income (97%) each month on care, and those with dementia living in nursing homes spent 83% of their income each month on care.
Currently, there are nearly 7 million Americans who are living with Alzheimer’s disease, the most common type of dementia, says Monica Moreno, the senior director of care and support for the Alzheimer’s Association, a nonprofit that provides support and advocacy for those affected by Alzheimer’s disease. “We also know that with Alzheimer’s disease, we are talking about a progressive disease that has no cure.”
Consequently, as the disease advances, people need more care, and the burden of how to provide that care — and pay for it — often falls to their families.
“A lot of them have made really responsible financial decisions their whole life, but nobody is prepared for this cost at the end of their life,” says Dana Eble, public relations and outreach manager at the Alzheimer’s Caregivers Network, a support network for care partners. “People didn’t even know they needed to save this much money.”
From estate planning to home tech gadgets, here are some strategies to help you support your loved ones.
Understand the financial and legal picture
Have a frank conversation about finances. What is your loved one’s situation in terms of income and expenses, and how much do they have in savings? How will care costs be covered? And what are their wishes for how they’ll be cared for as the disease progresses?
“Don’t wait to have these difficult conversations,” Moreno says. “Then, when the family is confronted with having to make these decisions, they don’t have to question whether they’re doing the right things.”
Discuss also the estate planning that’s in place — or what needs to be done. A solid estate plan typically includes a will, an advance directive and both financial and medical powers of attorney. If the person you care for can do so, a declaration of a pre-need guardian is also useful, says Colleen Carcone, certified financial planner and director of wealth planning strategies at financial services firm TIAA. This allows someone to name the person they would prefer to have as guardian of themselves and their property if they’re incapacitated.
“Once you do receive that diagnosis, you know this is going to be coming,” Carcone says. “Taking the extra steps to make sure that all of your i’s are dotted and t’s are crossed is going to be super important.”
Reach out to local and national resources
Your local area agency on aging will have information on programs and benefits in your area, such as Meals on Wheels, transportation programs and grocery delivery. Find local locations on the Eldercare Locator search engine at eldercare.acl.gov.
National groups can also be helpful: The Alzheimer’s Association, for instance, has a 24/7 helpline and can connect you to state-specific information. For example, Moreno notes a law in Illinois designed to protect a person living at home if their spouse has been placed in a long-term care facility.
“It allows them to keep a certain amount of income every month, and it allows them to keep their primary residence,” Moreno says. Some of the more devastating stories, she says, come from families who didn’t realize the law existed until after they had spent down all their assets. “These are the types of things families need to educate themselves about,” she says.
If your loved one is a veteran, check with the Department of Veterans Affairs to see what benefits they might have access to. “My dad was a veteran, and he got veterans Aid & Attendance benefits, which was cash aid to help pay for the care,” says Amy Goyer, AARP’s caregiving expert. “That can be extremely helpful.”
Use technology
Dementia is a progressive disease, meaning that your loved one will need more care over time. In the beginning, you can save money on care expenses with technology. This might include things like motion sensors, automatic lights, water shut-off devices, medication dispensers and a system that alerts care partners if their loved one leaves the area.
“In earlier stages of dementia, it may be that you’re just nervous about them, and you need to have your eyeballs on them and actually see them and know what’s going on,” Goyer says. “You can use technology to lengthen the period of time before you have to have someone there in person all the time.”
Move up the care ladder slowly
Out-of-pocket costs for people with dementia are lower if they’re living at home, according to the JAMDA study. At first, providing care at home might mean using a meal delivery service and hiring someone to handle housekeeping and the yard. Then, you may need to hire in-home care for a few hours a day or find an adult day care center in your area.
The daily median cost for adult day health care is $95, according to 2023 cost of care data from Genworth, an insurance company. That’s less than half the cost for a home health aide, which costs a daily median of $207.
“A lot of people still don’t know that adult day care exists,” Goyer says. “That can be a real cost saver. And people can be in an adult day care center — depending on the focus and what their capacity is — pretty far into dementia.”
If you reach the point where your loved one needs 24/7 care, a live-in caregiver may be a more economical option than an assisted living facility or hourly care from an outside source, since room and board make up part of their pay. If there’s an extra bedroom in the house, it’s a viable choice for a loved one who doesn’t need skilled nursing care but who can’t be left alone.
“We did that for a time with caregivers,” Goyer says, “and that saved a little bit of money.”
This article was written with the support of a journalism fellowship from the Gerontological Society of America, the Journalists Network on Generations and the Silver Century Foundation.
For many precious metals investors, gold bullion is a highly regarded store of value. The word ‘bullion’ refers to the pure or nearly pure form of gold, silver, and other precious metals.
When investing in gold, purchasing bullion ensures you’re dealing with the genuine article.
How does bullion work?
Investors are attracted to precious metals because they have a limited supply, and tend to increase in value over time. Additionally, they tend to perform well in terms of value during times of economic difficulty when other asset classes may struggle.
As a result, bullion reserves can both diversify investment portfolios and provide a hedge against several economic risks.
The dictionary definition of bullion is “gold or silver in bulk, before coining”. However, in practice this term can also refer to other metals such as platinum and palladium, or even copper. Above all, for a piece of precious metal to be considered bullion, it must have a very high degree of purity.
Gold and silver bullion comes primarily in the form of gold and silver coins, bars and rounds. Bullion is often used for investing, trading and banking. It can be invested in via physical precious metal, gold ETFs and also futures contracts.
What are the different types of bullion?
While there are many stores of precious metal, such as jewelry and vintage coins, as mentioned above precious metal bullion usually comes in bars, coins or rounds.
While other stores of precious metals can have good bullion value, investment-grade bullion will always have the exact weight and purity markings required to be considered genuine.
Bars
The bullion bar is the most recognizable and popular store of precious metal. Gold and silver bars come in several sizes and weights, measured in grams or ounces depending on the size. One ounce gold bars (or one troy ounce) and one ounce silver bars are among the most popular due to their affordability.
Other smaller weights are also popular, especially when it comes to silver which is more volatile in price compared to gold. Among the advantages of buying bullion gold or silver bars are the lower premium prices compared to spot bullion prices.
Coins
In addition to bars, gold and silver bullion coin has long been a popular store of precious metal. Though the US Mint no longer produces these coins for regular circulation, they do still mint investment-grade bullion coins.
The American Eagle Gold coin, and the Silver Eagle coin are the best-known examples of these government mints. Other countries also issue similar investment silver and gold coins, such as Canadian Maple Leaf coins and the Australian Silver Kangaroo.
Rounds
Bullion rounds look just like coins, too, however there are significant differences. Rounds carry no face value and aren’t minted as legal tender by the government. Instead, rounds are private mints intended primarily as commemorative investments for coin collectors. While there are some gold rounds in circulation, most investment-grade bullion rounds are made of silver or copper.
Many silver rounds have been minted with a range of different designs, increasing their popularity as collector’s items.
Rounds usually have lower premiums when compared to the spot market price of gold or silver coins.
Irregular Bullion
While most bullion comes in standard forms, you may also encounter irregular pieces that contain investment-grade gold or silver. Think genuine gold jewelry, antique silver and even granulated silver, for example. Such items can be considered for their bullion value if they are genuine.
Keep in mind that if you plan to invest in any irregular form of bullion, you’ll need to be aware of the exact weight and purity of the precious metal. Otherwise, you won’t be able to liquidate your investment in the future.
Gold Bullion
Gold bullion refers to physical gold that has been melted down with a purity of 99.5% or 99.9%. Whether in the form of gold bullion bars or gold coins, gold bullion is one of the most popular safe-haven investments on the market.
In the form of both gold bars and gold coins, gold bullion is traded daily with spot rates determined by markets such as the London Bullion Market Association. Gold and silver prices tend to be relatively stable. However, silver is more volatile than gold.
Both online and brick-and-mortar dealers can allow you to buy gold coins easily.
Silver Bullion
Silver bullion bars and coins are usually 99.9% pure silver (otherwise known as .999 silver). That means it contains only .5% of other non-precious metals. The American Silver Eagle is perhaps the most well known silver coin. Silver bullion coins are particularly popular among investors and collectors, as the smaller weight compliments silver’s tendency to fluctuate in price.
Like gold, silver is often used for portfolio diversification, as well as hedging against inflation. Silver can be easily purchased online, particularly silver coins. Remember to always check the latest market spot price when considering purchasing bullion coin.
In addition to gold and silver, the precious metals industry offers other kinds of investment-grade bullion. Precious metals prices tend to be cheaper and therefore more accessible than gold or silver. Platinum and palladium are particularly popular today.
Palladium, for example, is a commodity with less volatility than gold or silver, making it an attractive asset for diversification. Precious metals investors also see platinum as a popular and affordable way to diversify an investment portfolio, as it has a growing number of uses across several industries.
Purchasing and Investing in Bullion
Generally speaking, buying physical gold or silver bullion isn’t complicated. You can purchase bullion from both online and brick-and-mortar precious metal dealers. Online dealers often carry lower premiums due to their reduced overhead costs.
There are several ways of investing in bullion that don’t involve buying physical precious metal.
Physical Form
Investors who wish to invest in precious metals can purchase physical bullion coins or bars with a reputable dealer. Gold and silver bars or coins can be purchased and kept in a home safe, with a reliable depository, or with a bank. You might also choose to purchase bullion in an allocated account at a bank which will hold the bullion on your behalf.
Exchange-Traded Funds (ETFs)
While the idea of owning a physical gold coin is cool, it may not be the most practical investment vehicle depending on your portfolio. Investing in gold or silver through exchange-traded funds isn’t the same as owning it, but it provides convenient access to the bullion market by tracking prices.
A gold ETF also eliminates the problem of finding secure storage for physical gold.
Futures Contracts
A futures contract is an agreement between investors to buy or sell an asset at a set price on a specific date in the future. There are all manners of futures contracts available on the market, including for gold and silver bullion.
Because futures trade in contracts rather than shares, this form of investment is best suited to experienced investors. Futures contracts can easily run over $100,000 per contract, so they are significantly more high risk compared to other investment forms.
Frequently Asked Questions
What’s the difference between gold and gold bullion?
Gold is a natural precious metal known for its scarcity and popularity throughout history. Gold ore is mined and extracted from the earth before being melted for various uses.
Gold bullion is gold that has been produced for investment purposes, with bullion bars and coins being pure or nearly pure gold. On the other hand, for example, most gold jewelry will contain other metals reducing the purity of the gold.
What is the cheapest way to buy gold?
Generally, the most affordable way to purchase gold bullion coins or bars is with an online bullion dealer. Because online dealers don’t have the kind of overhead costs that brick-and-mortar dealers do, they often offer lower premiums over the gold spot price.
Always be sure to check the current gold prices before you buy, to ensure you’re getting a fair deal.
Is gold bullion a good investment?
Because gold is less volatile than stocks and other precious metals, it is largely considered a safe-haven investment. Many investors see gold as a good hedge against inflation and other economic risks, as historically, it performs impressively through periods of economic difficulty.
What is the difference between bullion and coins?
While genuine bullion can come in the form of a coin, the term coin simply refers to any round minted metals that are issued by a Central Bank.
Gold bullion bars and coins are a type of precious metal product produced for investment purposes. A popular example of bullion coins are the American Gold Eagle coins. Unlike regular coins such as nickels and dimes, however, their value comes from their intrinsic precious metal content, rather than their face value.
What is the difference between proof coins and bullion coins?
Proof coins are early samples of a given coin used to ensure quality. Because they are historically scarce, rare proof coins are often highly valuable as collectors’ items.
Bullion coins, on the other hand, are any high purity precious metal coinage designed for investment purposes. They are not as rare as proof coins and don’t often carry the same scarcity premiums for precious metals investors.
What are numismatic coins?
Numismatics is the study and collection of coins in general. While bullion coins are valued based on their precious metal content, numismatic coins are collectors’ items and carry premiums based on their rarity.
Where can you buy gold bullion?
The easiest way to buy gold bullion is through a bullion dealer. You can either find a local dealer and visit in person, or find an online seller. While the general services are the same, keep in mind that there will be variations between bullion dealers. Things like pricing, availability and quality can all vary, so you may want to do some shopping around before making a purchase.
Consumers are very willing to shop for home décor online, but they still see benefits from an in-store experience as well.
In the 2024 Home Décor E-commerce Market Research Report from 2 Visions, 82% said they are open to shopping online for décor, challenging the belief that physical retail is the dominant category for home décor shoppers.
However, more than half (56%) also want to engage in person, demonstrating that while e-commerce is one option, it’s not the only one. In fact, a similar percentage of respondents said they preferred a hybrid model that mixes online and in-store shopping.
At 45%, Gen Z was the most likely to make their purchases online, with 75% of them saying they believe there are more options available through e-commerce. But Gen Z also acknowledges being overwhelmed by too many choices, with 56% saying a store can have too options; a feeling echoed by 42% of all participants.
For those who shop in person, proximity to home décor retailers varies. Three-quarters of Baby Boomers reported having access to a local home décor store within 30 minutes of their residence, while 96% of all homeowners had some option within a 30-minute radius. Boomers were overwhelmingly satisfied (78%) with their local store selection.
At 56%, Gen X valued the in-person experience the most, the survey found, while 51% of Millennials appreciated in-store browsing.
Across all demographics, in-store options are perceived to be higher quality, according to 62% of respondents.
The leading factor that drives consumers to buy décor online is price, cited by 55%, although convenience (54%) was a very close second. Deals and promotions influenced 49%, while wide selection was a deciding factor for 38%.
For its report, 2 Visions surveyed 1,845 U.S. participants in February 2024, covering age cohorts from Gen Z to Baby Boomers nationwide in alignment with census data.
Have you ever thought, “Should I move to Arlington, TX?” Living in Arlington means you’re never far from an adventure, whether it’s catching a football game, riding a roller coaster, or enjoying the great outdoors at one of the city’s many parks. Arlington stands out for its unique blend of suburban comfort and urban excitement, making it a great place to call home. In this article, we’ll dive into the pros and cons of living in Arlington to help you figure out if this city matches your lifestyle. Let’s jump in.
Arlington at a Glance
Walk Score: 38 | Bike Score: 40 | Transit Score: 0
Median Sale Price: $325,000 | Average Rent for 1-Bedroom Apartment: $1,140
Arlington neighborhoods | Houses for rent in Arlington | Apartments for rent in Arlington | Homes for sale in Arlington
Pro: Exciting sports culture
Arlington, stands out with its rich sports culture, home to the Dallas Cowboys and Texas Rangers. The presence of AT&T Stadium and Globe Life Park ensures residents have access to world-class sporting events year-round. This not only boosts the local economy but also fosters a strong sense of community among fans. The excitement of game days is palpable, making it a thrilling place to live for sports enthusiasts.
Con: Limited public transportation
One significant drawback of living in Arlington is the limited public transportation options. Unlike other cities of its size, Arlington lacks a comprehensive public transit system, making it challenging for those without personal vehicles to navigate the city. This limitation affects daily commutes, access to amenities, and overall mobility, potentially increasing residents’ reliance on cars and contributing to traffic congestion.
Pro: Plenty of entertainment options
Arlington is not just about sports; it’s also a hub for entertainment and leisure activities. With attractions like Six Flags Over Texas and Hurricane Harbor, residents and visitors alike have access to some of the best amusement parks in the country. The city also boasts beautiful parks and Lake Arlington, offering outdoor activities such as hiking, boating, and fishing.
Con: Hot and humid summers
The climate in Arlington can be a downside, especially during the summer months when temperatures soar and humidity levels rise. These conditions can be uncomfortable and limit outdoor activities, particularly in July and August. Residents often find themselves seeking relief indoors, which can lead to higher energy bills due to the increased use of air conditioning.
Pro: Thriving economy
Arlington’s economy is robust, driven by sectors such as entertainment, manufacturing, and education. The presence of major employers, including General Motors and the University of Texas at Arlington, provides a wealth of job opportunities for locals. This economic diversity not only supports a strong job market but also contributes to the city’s overall prosperity and growth.
Con: Seasonal allergies
A significant concern for many Arlington residents is the high prevalence of seasonal allergies. The city’s location in North Texas, combined with its vegetation and climate, contributes to challenging conditions for individuals sensitive to pollen and other allergens. Seasonal allergies can impact quality of life, especially during peak pollen seasons in the spring and fall.
Pro: Proximity to other major cities
One of Arlington’s greatest advantages is its strategic location between Dallas and Fort Worth, offering residents easy access to the amenities and job markets of two major cities. This proximity allows for a suburban lifestyle while enjoying the benefits of urban living, including cultural events, museums, and airports. It’s the best of both worlds for those who work in the city but prefer a quieter home life.
Con: Urban sprawl
Arlington’s rapid growth has led to sprawling suburban neighborhoods and commercial areas. This has resulted in increased traffic congestion and longer commute times for residents. For example, major highways and thoroughfares, such as Interstate 20 and Interstate 30, experience heavy traffic congestion during peak hours, leading to delays and frustration for commuters. Additionally, the proliferation of strip malls and commercial developments along major roadways contributes to the spread-out nature of the city, making it less walkable and pedestrian-friendly.
Pro: Community engagement and volunteerism
Arlington is known for its strong sense of community and active volunteerism. Numerous organizations and initiatives focus on improving the city and helping its residents, from environmental clean-ups to food drives. For example, the city holds an annual “Arlington Cares” community service day, where residents come together to volunteer for projects such as neighborhood cleanups, park beautification, and food drives.
Jenna is a Midwest native who enjoys writing about home improvement projects and local insights. When she’s not working, you can find her cooking, crocheting, or backpacking with her fiancé.
Explore the diverse landscapes and cultural richness of Illinois, affectionately known as the “Land of Lincoln.” From the cityscape of Chicago to the tranquil expanses of rural farmland, the state has something that caters to various lifestyles. However, living in Illinois presents its own challenges, including the high taxes and traffic congestion in urban areas. In this ApartmentGuide article, we’ll examine the pros and cons of living in Illinois, providing you with valuable insights into life in the “Land of Lincoln.”
Renting in Illinois snapshot
Population
12,549,689
Avg. studio rent
$1,309 per month
Avg. one-bedroom rent
$1,544 per month
Avg. two-bedroom rent
$1,928 per month
Most affordable cities to rent in Illinois
Mattoon, Herrin, Charleston
Most walkable cities in Illinois
Oak Park, Chicago, Evanston
1. Pro: Diverse job opportunities
Illinois has a diverse economy that provides residents with a wide range of job opportunities across various industries. Cities like Chicago serve as major hubs for finance, technology, healthcare, and manufacturing, offering employment prospects for professionals with diverse skill sets. Additionally, Illinois is home to numerous Fortune 500 companies, including Boeing, Caterpillar, and Archer Daniels Midland, which contribute to the state’s robust job market.
2. Con: Severe winters
The harsh winters in Illinois bring bone-chilling temperatures and heavy snowfall, posing challenges for residents in commuting and daily activities. The bitter cold often leads to increased heating costs and potential hazards such as icy roads and frostbite. For those unaccustomed to such extreme weather, the long winter months can be a significant drawback to living in Illinois.
3. Pro: Access to great education
Illinois is renowned for its prestigious educational institutions, giving residents access to world-class education at all levels. Universities like the University of Chicago, Northwestern University, and the University of Illinois at Urbana-Champaign, provide an exceptional academic program and research opportunities.
4. Con: High taxes
Illinois is known for its relatively high taxes, including property taxes and income taxes, which can place a significant financial burden on residents. For instance, Illinois is ranked number 9 in the nation for highest taxes. These taxes often contribute to the state’s overall cost of living, making it a less attractive place to live.
5. Pro: Strong sports culture
Chicago, in particular, is home to iconic sports franchises such as the Chicago Cubs, Chicago White Sox, Chicago Bulls, and Chicago Bears, fostering a sense of community and pride among residents. Outside of Chicago, Illinois offers a diverse range of sports and recreational activities. Cities like Peoria are known for their rich baseball history, with the Peoria Chiefs providing entertainment for fans.
6. Con: Traffic congestion
Traffic congestion is a prevalent issue in Illinois, particularly in urban areas like Chicago, where gridlock during rush hours is a common frustration for commuters. The heavy traffic not only leads to longer commute times but also contributes to increased air pollution and fuel consumption, impacting both the environment and residents’ quality of life.
7. Pro: Diverse culinary scene
Illinois’ diverse population contributes to a vibrant culinary scene, offering residents a wide array of dining options to suit every palate and preference. From trendy bistros to cozy cafes, Evanston offers an array of dining options ranging from global fusion cuisine to locally sourced farm-to-table fare. Larger cities like Chicago are renowned for their diverse and innovative food scene, with Michelin-starred restaurants, ethnic eateries, and local favorites lining the streets. From deep-dish pizza and Chicago-style hot dogs, Illinois has various options sure to cater to your cravings.
8. Con: Poor air quality in some metros
Chicago often experience poor air quality due to factors such as vehicle emissions and industrial activities, which can exacerbate respiratory issues and decrease overall well-being. Additionally, agricultural runoff from the state’s extensive farmlands can contribute to water pollution, impacting both ecosystems and public health.
9. Pro: Vibrant arts and music scene
Illinois boasts a vibrant arts and music scene, with numerous theaters, galleries, and performance venues showcasing local and international talent. Chicago’s theater district, home to iconic institutions like the Goodman Theatre and Steppenwolf Theatre Company, offers residents a rich cultural experience with world-class productions and performances. Additionally, cities like Champaign-Urbana contribute to the state’s scene with Krannert Center for the Performing Arts and the University of Illinois’ renowned School of Music.
10. Con: Natural disaster risk
Illinois faces natural disaster risks, including tornadoes that can wreak havoc across the state, such as the devastating tornado outbreak in 2013 that caused significant damage in communities like Washington and Coal City. The state’s proximity to the New Madrid Fault Zone also poses a seismic risk, with the potential for earthquakes to occur, although less frequent than tornadoes.
11. Pro: Affordable housing options
Illinois provides a range of affordable housing options, especially in suburban and rural areas surrounding major urban centers such as Chicago. Cities like Rockford and Springfield exemplify this affordability, offering residents access to reasonably priced homes and apartments. For instance, in Rockford, the median home sale price stands at $152,000, while the average rent for a one-bedroom apartment is $837, making it an attractive option for those seeking affordable housing in the state.
12. Con: Crowded tourist seasons
Illinois experiences crowded tourist seasons, particularly in popular destinations like Chicago, where attractions such as Navy Pier and Millennium Park draw large crowds throughout the year. The influx of tourists can lead to congested streets, longer wait times at restaurants and attractions, and increased competition for housing and parking spaces, impacting the daily lives of residents.
Methodology : The population data is from the United States Census Bureau, walkable cities are from Walk Score, and rental data is from ApartmentGuide.
National mortgage rates edged higher for all types of loans compared to a week ago, according to data compiled by Bankrate. Rates for 30-year fixed, 15-year fixed, 5/1 ARMs and jumbo loans jumped.
Some forecasters are backing off from the earlier expectation of lower mortgage rates this year. Fixed mortgage rates follow the 10-year Treasury yield, which moves as investor appetite fluctuates with the state of the economy, inflation and Federal Reserve decisions.
“The issue of inflation remains unsettled,” says Ken Johnson of Florida State University. “This is putting upward pressure on mortgage rates through the yield on 10-year Treasurys.”
The Fed indicated it’d cut rates in 2024, but policymakers held off at its latest meeting, citing the need for more promising economic data. The Fed has been working to bring inflation back to its 2 percent target since 2022.
The Fed meets next on May 1 — at the start of the homebuying busy season.
Whether mortgage rates move up or down, though, it’s difficult to time the market. Often, the decision to buy a home comes down to what you need. Depending on your situation, it might make sense to take a higher rate now and refinance later. This way you can start building equity, rather than waiting for a time when rates and prices are more favorable.
Rates accurate as of April 22, 2024.
The rates listed here are averages based on the assumptions shown here. Actual rates available across the site may vary. This story has been reviewed by Suzanne De Vita. All rate data accurate as of Monday, April 22nd, 2024 at 7:30 a.m. ET.
30-year mortgage rate increases, +0.24%
The average rate you’ll pay for a 30-year fixed mortgage today is 7.29 percent, up 24 basis points over the last seven days. Last month on the 22nd, the average rate on a 30-year fixed mortgage was lower, at 6.97 percent.
At the current average rate, you’ll pay a combined $684.89 per month in principal and interest for every $100,000 you borrow. That’s up $16.23 from what it would have been last week.
Learn more about 30-year fixed mortgage rates, and compare to a variety of other loan types.
15-year mortgage rate advances, +0.20%
The average 15-year fixed-mortgage rate is 6.74 percent, up 20 basis points over the last week.
Monthly payments on a 15-year fixed mortgage at that rate will cost roughly $884 per $100,000 borrowed. The bigger payment may be a little harder to find room for in your monthly budget than a 30-year mortgage payment, but it comes with some big advantages: You’ll come out several thousand dollars ahead over the life of the loan in total interest paid and build equity much faster.
5/1 ARM rate trends higher, +0.10%
The average rate on a 5/1 adjustable rate mortgage is 6.68 percent, rising 10 basis points since the same time last week.
Adjustable-rate mortgages, or ARMs, are mortgage loans that come with a floating interest rate. In other words, the interest rate will change at regular intervals, unlike fixed-rate mortgages. These types of loans are best for people who expect to refinance or sell before the first or second adjustment. Rates could be substantially higher when the loan first adjusts, and thereafter.
While borrowers shunned ARMs during the pandemic days of super-low rates, this type of loan has made a comeback as mortgage rates have risen.
Monthly payments on a 5/1 ARM at 6.68 percent would cost about $644 for each $100,000 borrowed over the initial five years, but could climb hundreds of dollars higher afterward, depending on the loan’s terms.
Jumbo mortgage interest rate moves up, +0.17%
The average rate for a 30-year jumbo mortgage is 7.38 percent, up 17 basis points since the same time last week. This time a month ago, jumbo mortgages’ average rate was below that at 7.12 percent.
At today’s average rate, you’ll pay $691.02 per month in principal and interest for every $100,000 you borrow. That’s an increase of $11.55 over what you would have paid last week.
Refinance rates
30-year fixed-rate refinance goes up, +0.23%
The average 30-year fixed-refinance rate is 7.30 percent, up 23 basis points over the last seven days. A month ago, the average rate on a 30-year fixed refinance was lower at 6.91 percent.
At the current average rate, you’ll pay $685.57 per month in principal and interest for every $100,000 you borrow. Compared with last week, that’s $15.56 higher.
Where are mortgage rates heading?
If and when the Fed cuts interest rates depends on incoming economic data, such as the rate of inflation and the jobs market.
“While the majority of Fed members still expect three rate cuts this year, Atlanta Fed President Bostic is now predicting just one rate cut in the fourth quarter,” says Melissa Cohn of William Raveis Mortgage. “Not the news we want for the spring market.”
Keep in mind: The rates on 30-year mortgages mostly follow the 10-year Treasury, which shifts continuously as economic conditions dictate, while the cost of variable-rate home loans mirror the Fed’s moves.
These broader factors influence overall rate movement. As a borrower, you could be quoted a higher or lower rate than the trend based on your own financial profile.
What current rates mean for you and your mortgage
While mortgage rates change daily, it’s unlikely we’ll see rates back at 3 percent anytime soon. If you’re shopping for a mortgage now, it might be wise to lock your rate when you find an affordable loan. If your house-hunt is taking longer than anticipated, revisit your budget so you’ll know exactly how much house you can afford at prevailing market rates.
You could save serious money on interest by getting at least three loan offers, according to Freddie Mac research. You don’t have to stick with your bank or credit union, either. There are many types of mortgage lenders, including online-only and local, smaller shops.
“All too often, some [homebuyers] take the path of least resistance when seeking a mortgage, in part because the process of buying a home can be stressful, complicated and time-consuming,” says Mark Hamrick, senior economic analyst for Bankrate. “But when we’re talking about the potential of saving a lot of money, seeking the best deal on a mortgage has an excellent return on investment. Why leave that money on the table when all it takes is a bit more effort to shop around for the best rate, or lowest cost, on a mortgage?”
More on current mortgage rates
Methodology
Bankrate displays two sets of rate averages that are produced from two surveys we conduct: one daily (“overnight averages”) and the other weekly (“Bankrate Monitor averages”).
The rates on this page represent our overnight averages. For these averages, APRs and rates are based on no existing relationship or automatic payments.
Learn more about Bankrate’s rate averages, editorial guidelines and how we make money.