25 Cheapest U.S. Cities to Live In

When it comes to cheap living, don’t mess with Texas. The Lone Star State is home to seven of the most affordable cities in America. But Texas doesn’t have a monopoly on low living costs. A number of other states make multiple appearances on our list.

If you’re thinking about relocating to one of these cheap cities, weigh the pros and cons. A low cost of living is attractive, but the allure lessens if jobs are hard to come by, paychecks are small or the town offers little to do. Plan an extended visit to ensure the city fits your needs.

We compiled our rankings based on the Council for Community and Economic Research’s calculations of living expenses in 270 urban areas. Its Cost of Living Index measures prices for housing, groceries, utilities, transportation, health care, and miscellaneous goods and services such as going to a movie or getting your hair done at a salon. Take a look at our 2019 list of America’s cheapest cities.

Cost of Living: 13.0% below U.S. average

City Population: 29,771

Median Household Income: $33,597 (U.S.: $57,652)

Median Home Value: $111,200 (U.S.: $193,500)

Unemployment Rate: 3.7% (U.S.: 3.8%)

Morristown is steeped in frontier history. The small city about an hour’s drive east from Knoxville is where you’ll find the Crockett Tavern Museum, a reconstruction of Davy Crockett’s boyhood home. The King of the Wild Frontier wouldn’t recognize the area today, but he’d find it still to be a comparatively economical place to live. Housing-related expenses including rents and mortgages are nearly 29% lower than the national average, according to the Council for Community and Economic Research’s Cost of Living Index. Costs for transportation run about a fifth less than what the average American pays. Health care and grocery items are significantly cheaper too. True, Morristown’s median income stands $24,000 below the U.S. median, but then the median home price is cheaper by more than $82,000.

Cost of Living: 13.0% below U.S. average

City Population: 80,995

Median Household Income: $41,971

Median Home Value: $153,800

Lynchburg sits in the foothills of the famed Blue Ridge Mountains and is home to Liberty University, the city’s largest employer. But a diversity of businesses and industries makes Lynchburg more than just a college town. A hot job market — the unemployment rate stands below the national level — and a low cost of living help explain how Lynchburg ranks near the top of Gallup’s well-being index. Citizens of Lynchburg spend nearly a quarter less than the national average on housing costs. Groceries and transportation costs run about 15% below what the average American pays. Residents save about 6% on health care, too. Not everything is cheaper in Lynchburg, however. Beer and wine are a bit more expensive than the national average, and utility bills are somewhat higher, as well.

Source Article