Forbes advises freelancers who internet telecommute to buy a home in a cheap area of the U.S. to reduce their costs while still pulling in a big city salary.
Surviving as a freelance knowledge worker–where you sell your time–is extremely tough in high-priced joints like New York, California or Washington, especially if you are the sole family breadwinner. It is cruelly difficult to generate enough income to make your $4,000 per month mortgage payments, keep the cars and professional wardrobes up, take clients to dinner, maybe send the kids to private schools and try to save money.
However, a cheap house in quaint Ithaca, NY, changes the whole game. On Forbes' 150 cheap places to live list you'll find Billings, Montana, Bardstown, Kentucky and Buffalo, New York.