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Founded by Rich Bendis

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It pays to live in small cities. Literally.

As young people flee to large metropolitan areas like San Francisco and New York, some smaller towns are facing labor shortages and dwindling populations.

To remain competitive, these cities are doling out lucrative perks to get people to move there, such as cash handouts, student loan repayments and housing incentives.

Image: Jon Hicks View of Baltimore's Inner Harbor from Federal Hill Park.