Are you considering buying your first home? Finding the perfect home can be a daunting process. You need to consider the best places to live, in regard to the cost of your home, the amenities in the city, cost of living, and more. Whether you're considering a relocation or just want to find the best possible option, check out the cities below if you're a first-time home buyer.

McKinney, Texas

McKinney, Texas, is one of the best places to consider when looking for your first home. The population is about 150,000, and it's still growing. The estimated household income in McKinney sits at $78,988, which is much higher than the rest of the state, which is at $51,704. Home prices are a little higher than in the rest of Texas, with a median value of $196,400. However, the overall cost-of-living index in the city is lower than the average in the U.S., at 94.7, when the average is 100. Home prices have been going up in the city, and they are expected to continue. This is great for those buying now — it means your home will be worth more when you're ready to sell.

Broken Arrow, Oklahoma

If you're looking for a great urban area in Oklahoma, consider Broken Arrow. There, you'll see an average home value of approximately $155,600. The median household income is $65,973. This is significantly higher than the state in general, which has an average of $45,690. When considering the cost of living, you can't get much better than Broken Arrow, which sits at 88.7 in the U.S. Cost of Living Index. The city has only a 2.9 percent unemployment rate and about a 20-minute average commute for residents.

Centennial, Colorado

When considering a higher-priced home, consider Centennial, Colorado. The average home price there is $236,400, but that's lower than the average cost in the state, which is $240,500. The average household income in the city is $60,956. Centennial is only about 20 minutes outside of Denver, giving you easy access to the Mile-High City. Only about 5 percent of the population in the city is below the national poverty line. Centennial is known for having a low crime rate and, according to WalletHub, was recently ranked the second-lowest crime rate city.

Rochester, Minnesota

For those who are in the medical field, or simply want to be around some of the best medical care in the world, Rochester, Minnesota, is a great option. Rochester has an average estimated household income of $62,152, which is about $2,000 higher than the state overall. In addition, home prices are estimated to have a median of $164,400, where the state sits at about $180,100. The access to the Mayo Clinic is a huge benefit to everyone in the city.

When you're looking for the perfect home, you have to take a lot of issues into consideration. From the price of the home to the cost of living in the area, buying your first house has a lot of steps.