7 Places That Will Pay You to Live There
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Niagara Falls, N.Y.
Incentive: Student-loan reimbursement
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While millions of visitors flock to Niagara Falls annually, the permanent residents of the city named after the famous waterfalls on the U.S.-Canada border have been leaving for years. In a bid to boost its population, currently 49,468 and shrinking, the city launched an effort to lure young people to its downtown by offering to help repay their student loans.
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The Downtown Housing Incentive Program reimburses recent college graduates holding either a bachelor’s degree or a two-year technical degree as much as $3,492 per year over two years for loan payments in exchange for living in designated downtown neighborhoods for the full two-year period. The city dubs the program participants “urban pioneers.”