What are the cheapest places to live in the U.S.? With the rising cost of living and economic uncertainty, many people are looking to stretch their budgets further.
Fortunately, there are several affordable options available for those looking to relocate. Here are some of the best places to get more value for your money.
Kenner, Louisiana
Love seasonal events, outdoor concerts, and exploring various playgrounds and parks? Then you’ll enjoy this hidden gem nestled between Lake Pontchartrain and the Mississippi River. Kenner offers plenty to discover, including a 16-block historic district and the region’s only planetarium and megadome.
- Population: 257,000
- Cost of living index: 60
- Median income: $56,906
- Monthly homeowner costs: $1,092
- Median rent: $750
- Percent of yearly income spent on housing: 8%
Ames, Iowa
Ames is a safe and clean place to explore, with plenty of green spaces and outdoor recreation options nearby. Home to Iowa State University, this college town offers a good range of dining and shopping options and is known for its overall affordability.
- Population: 253,300
- Cost of living index: 10
- Median income: $52,565
- Monthly homeowner costs: $885
- Median rent: $800
- Percent of yearly income spent on housing: 4%
Source:
Wikimedia Commons
Fargo, North Dakota
Fargo’s continuing popularity can be attributed to its abundance of outdoor recreational options, strong education system, and cheerful community. The city’s flourishing arts scene and strong economy also play a significant role. Many families seeking a welcoming and affordable place to live find Fargo to be an ideal home.
- Population: 257,500
- Cost of living index: 50
- Median income: $59,698
- Monthly homeowner costs: $872
- Median rent: $750
- Percent of yearly income spent on housing: 1%
Source:
wikipedia
Fayetteville, Arkansas
Many people are moving to Fayetteville to enjoy its beautiful natural scenery, friendly residents, and the flagship campus of the University of Arkansas. The top-ranked public schools, known for both academics and athletics, are another major draw.
- Population: 323,500
- Cost of living index: 80
- Median income: $52,991
- Monthly homeowner costs: $927
- Median rent: $1,050
- Percent of yearly income spent on housing: 5%
Source:
wikipedia
Broken Arrow, Oklahoma
Rated as one of the best places to live in America, Broken Arrow is known for its safe neighborhoods, high quality of life, fast-growing community, and affordable homes. The popular Broken Arrow Performing Arts Center is another major attraction.
- Population: 236,600
- Cost of living index: 50
- Median income: $79,075
- Monthly homeowner costs: $1,212
- Median rent: $1,111
- Percent of yearly income spent on housing: 15%
Source:
Wikimedia Commons
Winston-Salem, North Carolina
It’s hard to beat the Winston-Salem area when it comes to education, with many top-ranked universities and the renowned UNC School of the Arts nearby. Combining urban perks with a low cost of living and easy access to green spaces, the town’s overall affordability is just one of many benefits of moving to the area.
- Population: 251,343
- Cost of living index: 25
- Median income: $54,195
- Monthly homeowner costs: $1,303
- Median rent: $1,011
- Percent of yearly income spent on housing: 2%
Source:
wikipedia
Lynchburg, Virginia
With its proximity to the James River and Blue Ridge Mountains, Lynchburg offers a comfortable blend of natural attractions and city life. Plenty of sunshine and a generally healthy lifestyle are popular selling points, along with a lower cost of living.
- Population: 215,200
- Cost of living index: 60
- Median income: $49,076
- Monthly homeowner costs: $937
- Median rent: $1,005
- Percent of yearly income spent on housing: 8%
Source:
wikipedia
Greensboro, North Carolina
In Greensboro, everything from coffee shops and restaurants to grocery stores and shopping centers is within reach. With a mix of Southern charm, rich history, and a vibrant cultural scene, there’s plenty to keep you busy in town or in nearby Winston-Salem.
- Population: 301,118
- Cost of living index: 25
- Median income: $55,120
- Monthly homeowner costs: $1,221
- Median rent: $1,081
- Percent of yearly income spent on housing: 2%
Source:
wikipedia
Tuscaloosa, Alabama
Tuscaloosa’s amenities make it a top choice for homebuyers seeking parks, bars, and opportunities to socialize with young professionals. Home to the largest public university in the state, the University of Alabama, it’s an ideal spot to settle, especially for college football enthusiasts.
- Population: 297,600
- Cost of living index: 10
- Median income: $49,005
- Monthly homeowner costs: $955
- Median rent: $811
- Percent of yearly income spent on housing: 6%
Source:
wikipedia
Peoria, Illinois
With a vibe similar to a large suburb, Peoria offers an abundance of bars, restaurants, and parks. Its riverfront setting adds to the city’s charm, along with a thriving economy and various affordable housing options.
- Population: 151,400
- Cost of living index: 60
- Median income: $55,955
- Monthly homeowner costs: $919
- Median rent: $700
- Percent of yearly income spent on housing: 6%
Source:
wikipedia
Edmond, Oklahoma
Edmond, among the nation’s safest cities, offers numerous perks including parks, outdoor facilities, and top-notch schools. The city boasts various shopping and dining choices, and visitors should explore the historic downtown area and appreciate the city’s minimal commute times.
- Population: 345,100
- Cost of living index: 20
- Median income: $102,896
- Monthly homeowner costs: $1,318
- Median rent: $930
- Percent of yearly income spent on housing: 11%
Source:
wikipedia
Augusta, Georgia
Augusta is known for its diverse range of neighborhoods and abundant dining options. With generally pleasant weather, numerous amenities, and a vibrant community, it’s rated among the top metropolitan areas in Georgia where families and working professionals choose to live.
- Population: 202,596
- Cost of living index: 60
- Median income: $49,838
- Monthly homeowner costs: $1,159
- Median rent: $986
- Percent of yearly income spent on housing: 7%
Source:
wikipedia
Norman, Oklahoma
Located near Oklahoma University and suburban in nature, this area offers a variety of activities for both kids and adults. Whether you enjoy dining out, visiting attractions, or outdoor activities, you can do it all at reasonable prices in town.
- Population: 244,700
- Cost of living index: 20
- Median income: $61,030
- Monthly homeowner costs: $1,020
- Median rent: $825
- Percent of yearly income spent on housing: 1%
Source:
wikipedia
Davenport, Iowa
Despite being an industrial hotspot, Davenport is celebrated for its attractive neighborhoods, thriving job market, and friendly locals. You’ll find a range of housing options at affordable prices and enjoy a lower cost of living compared to the national average.
- Population: 161,800
- Cost of living index: 70
- Median income: $54,630
- Monthly homeowner costs: $904
- Median rent: $743
- Percent of yearly income spent on housing: 5%
Source:
Wikimedia Commons
West Des Moines, Iowa
Retirees and families alike will appreciate the city’s safe environment and variety of dining and activity options. With affordable home prices, the town has also gained national recognition for its abundance of nearby job opportunities and shopping options.
- Population: 296,200
- Cost of living index: 00
- Median income: $85,731
- Monthly homeowner costs: $1,211
- Median rent: $1,180
- Percent of yearly income spent on housing: 11%
Source:
facebook
Ankeny, Iowa
Ankeny’s small-town charm attracts working professionals with active lifestyles and budding families alike. Beyond its vibrant arts and music scene, residents can easily access numerous biking and walking trails to enjoy the natural scenery.
- Population: 300,600
- Cost of living index: 00
- Median income: $103,578
- Monthly homeowner costs: $1,327
- Median rent: $1,010
- Percent of yearly income spent on housing: 13%
Source:
Wikimedia Commons
Lawton, Oklahoma
Families will find Lawton particularly appealing for its access to 19 parks and a safe, welcoming living environment. Like many towns in Oklahoma, it also offers a generally lower cost of living, which can help keep budget requirements manageable.
- Population: 121,100
- Cost of living index: 40
- Median income: $50,969
- Monthly homeowner costs: $918
- Median rent: $600
- Percent of yearly income spent on housing: 1%
Source:
facebook
Columbia, Missouri
Apart from vibrant college sports tailgating, the “Athens of the West” showcases attractive architectural flourishes and classical styling, complemented by modernized healthcare facilities and entertainment options. Clean, neat, and quiet, it serves as a peaceful retreat from larger cities while offering numerous perks.
- Population: 271,800
- Cost of living index: 00
- Median income: $58,067
- Monthly homeowner costs: $968
- Median rent: $850
- Percent of yearly income spent on housing: 8%
Source:
wikipedia
Cedar Rapids, Iowa
Residents of Cedar Rapids enjoy access to excellent schools, a vibrant arts and entertainment scene, and numerous nearby parks. One unique and popular attraction is The District: Czech Village & New Bohemia, featuring restaurants, live music, and a dynamic art scene that residents and tourists alike can explore.
- Population: 173,200
- Cost of living index: 30
- Median income: $64,435
- Monthly homeowner costs: $835
- Median rent: $625
- Percent of yearly income spent on housing: 6%
Source:
wikipedia
Springdale, Arkansas
Springdale offers a welcoming suburban atmosphere that is generally quiet, making it a desirable home for both young professionals and families. Despite its sizeable population, the city maintains an inviting small-town feel and a strong sense of community.
- Population: 256,600
- Cost of living index: 80
- Median income: $59,027
- Monthly homeowner costs: $891
- Median rent: $995
- Percent of yearly income spent on housing: 5%
Source:
wikipedia
Greenville, North Carolina
Greenville is an upwardly mobile town that strikes a balance between city and suburb, offering a low cost of living. As a thriving college area, it boasts abundant dining, arts, and cultural opportunities, along with ample job opportunities to explore.
- Population: 231,400
- Cost of living index: 00
- Median income: $50,120
- Monthly homeowner costs: $921
- Median rent: $837
- Percent of yearly income spent on housing: 16%
Source:
wikipedia
Green Bay, Wisconsin
NFL fans relocating to Green Bay will appreciate the proximity to the legendary Lambeau Field, while others will enjoy a vibrant cultural scene and a revitalized downtown area. The community is infused with a surprising energy that blends a small-town vibe with the benefits of big city living.
- Population: 192,900
- Cost of living index: 30
- Median income: $55,177
- Monthly homeowner costs: $798
- Median rent: $750
- Percent of yearly income spent on housing: 4%
Source:
wikipedia
Decatur, Illinois
Decatur is a hub of manufacturing and agriculture, attracting many students from Millikin University and Richland Community College. Homes are priced significantly below the national average, making it an exceptionally affordable place to live.
- Population: 92,200
- Cost of living index: 90
- Median income: $49,714
- Monthly homeowner costs: $776
- Median rent: $575
- Percent of yearly income spent on housing: 14%
Source:
wikipedia
Conway, Arkansas
Conway, nestled in the Little Rock-North Little Rock area, is near three colleges (Central Baptist, Hendrix, and the University of Central Arkansas). The city boasts 11 parks, two lakes, and hosts the Arkansas Shakespeare Theater. Affordable costs for healthcare, transportation, and groceries, nearly on par with housing expenses, make Conway an appealing relocation choice.
- Population: 236,400
- Cost of living index: 35
- Median income: $61,898
- Monthly homeowner costs: $931
- Median rent: $800
- Percent of yearly income spent on housing: 8%
Source:
wikipedia
Jonesboro, Arkansas
Jonesboro offers the attractions of Arkansas State University’s campus and a bustling downtown, along with abundant fishing, hiking, and camping spots, making it a haven for both city dwellers and outdoor enthusiasts. Educational entertainment is provided by the university, while the Forrest L. Wood Crowley’s Ridge Nature Center offers serene views, native plants, and live animal encounters.
- Population: 222,200
- Cost of living index:70
- Median income: $61,057
- Monthly homeowner costs: $864
- Median rent: $685
- Percent of yearly income spent on housing:7%
Source:
wikipedia
Please SHARE this with your friends and family.
