And it all comes in an affordable package. The Mexican city of Reynosa, directly across the border, has been the scene of violence between drug gangs and Mexican security forces. Starting Out: New Grads and Young Professionals, 15 Best Foreclosure Sites for Finding Properties, A Retirement Home Is a Tiny House in the Kids’ Backyard, 6 Money-Smart Ways to Spend Your Second Stimulus Check, A Golf Course Community’s Big Variable for Retirees, Subscribe to Kiplinger's Personal Finance, Council for Community and Economic Research's, Millionaires in America 2020: All 50 States Ranked, 25 Small Towns With Big Millionaire Populations, State-by-State Guide to Taxes on Middle-Class Families, State-by-State Guide to Taxes on Retirees, 50 Top Stock Picks That Billionaires Love, 15 Things Home Buyers Will Hate About Your House, The Best and Worst Presidents (According to the Stock Market), 65 Best Dividend Stocks You Can Count On in 2020. And yet Fayetteville remains relatively cheap for students and civilians, alike. The state ranked second for the “best place for children” list released by SmartAsset. Apartment rents are about 22% cheaper and average home prices are a little more than half the national level. The city's proximity to the Mountain Longleaf National Wildlife Refuge makes it a good jumping off point for hikers, mountain bikers and other outdoorsy types. 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. Residents do not have to pay any income tax and housing can cost less than $1000 a month. Springfielders enjoy savings on groceries, transportation and utilities, too. Several metrics are important indicators of a location’s “affordability quotient,” and you can use each to determine the relative cost of living and working.The list below breaks out median home prices and rent figures for each core city, as well as each metro area. We would like to highlight the most popular lenders. About 120 miles south of Chicago sits Danville, Ill., a small, unassuming city that was once the home of Dick Van Dyke, Gene Hackman, Donald O'Connor and Bobby Short. If you are looking for somewhere cheap to raise your kids, this might be the place for you. Fayetteville benefits from being the home of the gargantuan University of Arkansas, and it also doesn't hurt that Walmart (WMT), the world's largest retailer, is headquartered in nearby Bentonville. Big cities, great music, and incredible food. The state ranked second for the “best place for children” list released by SmartAsset. Education opportunities are also vast. With cheap housing and high employment rates, people are moving to South Dakota. The median home value in Harlingen is a striking $150,000 less than the U.S. median. A trip to the veterinarian is about 13% below the national average. You will receive an email message with instructions on how to reset your password. Plan an extended visit to ensure the city fits your needs. Of the 24 Springfields that dot the United States, the one that calls southwestern Michigan home is the cheapest place of them all for renters. McAllen, which is about 30 miles west of Harlingen on the Rio Grande, may be a cheap place to live, but it comes at a price. All other major expenses tracked by the Cost of Living Index likewise take a smaller bite of folks' paychecks, putting Florence in the middle of the pack of the 25 cheapest U.S. cities to live in. There is a dynamic culture rich with native history. A retirement home with water views doesn’t come cheap in any part of the country. To help you find the ideal setting for the next act in your life’s play, we researched living costs in 75 popular US cities, and then we ranked them based on affordability. Have you considered moving to a state where your dollar will stretch further?Deciding where to live has generally been based on our social circles or employment opportunities. They are moving to states where their dollar will stretch much further. We compare personal finance solutions such as loans, saving accounts, credit cards, and more. Housing costs are a whopping 39% below the national average, while groceries, health care, transportation, utilities and miscellaneous expenses are all below-average too. America's Safest Places to Live ... Where You Can Actually Afford to Buy a Home. Housing-related costs are about 45% below the national average, and a large reason why Joplin's among the five cheapest U.S. cities to live in. Hint: The password should be at least twelve characters long. Median home value: $130,900 South Texas border towns are known for low costs of living, but not... 2. Here is MIT’s full list of the most affordable states to live in for 2020, based on household income from homesnacks.com. The city is notable for its across-the-board affordability for everything from food to transportation, according to the Cost of Living Index. The overall cost of living is 15.6% less than the national average, led by particularly low health care and housing expenses. Springfield, also known as the "Queen City of the Ozarks" and the "Birthplace of Route 66," sports an overall cost of living that is more than 12% below the national average. Groceries and transportation costs run about well below what the average American pays, too. Median home value: $123,500 Another Great Plains state is Oklahoma, runner-up for cheapest states to live in the U.S. Western Michigan University, with its multiple campuses and research facilities, is a major driver of the local economy. Kimberley is the US Country Manager for Financer.com. The mountain state has so many drawcards from the incredible mountain ranges to the bluegrass genre. That said, household incomes and home values are higher in other parts of Calhoun County, of which Anniston is the county seat. Connecticut is perfectly ranked on this list. But there are a few places where you can retire near a lake, river or bay and not bust your retirement budget . There are no big cities, and there is definitely a small-town feel to everything. Please enter your username or email address. The city also has its quirks. There's no charge to visit on the second Saturday of each month. The Cost: A couple living and renting on a place like Ambergris Caye can live lavishly on a monthly budget starting at $2,875. Comment below. Hattiesburg is also home to the African American Military History Museum, as well as numerous other museums, galleries and theaters. For three straight years, Harlingen, Texas, has ranked as America's most affordable city. For one, you can live cheaper here than any other state in the US. The mild weather makes for beautiful green scenery all year round. Seguin, Texas, is a small town in the San Antonio-New Braunfels metro area, about 30 miles from downtown San Antonio. If cities are not your thing and you crave the outdoors, then Tennessee has that too. The city has more than a dozen sites commemorating his time there. $ % ^ & ). Texas, Tennessee and Arkansas are just a few states making multiple appearances on our list. Situated about 65 miles north of Austin, the Killeen-Temple metro area started out as a 19th century railroad town, but today it's as modern as they come. To find more about the legal terms that govern your use of our website, please read our Terms and Conditions here.To find more about your privacy when using our website, and to see a more detailed list for the purpose of our cookies, how we use them and how you may disable them, please read our Privacy Policy here. The state offers over 50 colleges and universities and is known for its great sense of community. (At the metro level, which includes Portage, Michigan, the figure comes to 15%.) Consider Knoxville, the original state capital before Nashville, a good mix of city and country living. A good cut of steak costs about half of the national average (this is Texas, after all). Ok so it’s not as glamorous as other states but Mississippi has its positives. To find out more about what cookies we use you can go to privacy overview. Residents can cool off in the summer at the city's sprawling aquatic center, which includes a water slide and diving platform. McAllen, Texas. For the most part, it has a strong economy. About an hour's drive east from Birmingham sits Anniston. Health care is very reasonable, too. To determine which states are … For six years, Livability editors and data scientists have combined our obsessions with cities and data to create Livability’s annual ranking of the Top 100 Best Places to Live in America. Harlingen sits on the southernmost tip of Texas, with the Rio Grande to the south and the Gulf of Mexico to the east. A typical apartment in Memphis rents for about $350 a month less than the national average. It's a 90-minute drive from Hattiesburg to the beaches and casinos along Mississippi's Gulf Coast. The annual house … But whether you're a doctor or truck driver, Temple won't overburden your bank account. The city doesn't lack for leisure activities either. Huntsville, AL. The U.S. poverty rate is 10.5%. A tiny home in retirement could be a more-affordable way to downsize and still be close to family. Where's My Stimulus Check? Jackson, Tennessee, and surrounding Madison County are located 90 miles northeast of Memphis, which, as we'll see, is also among the least expensive cities in the U.S. Jackson serves as a regional center of trade for west Tennessee. Almost than 30% of the city's population lives below the poverty line. This area, set deep within the Ozarks, frequently appears on lists of the best places to live in the U.S. – and smart places to retire. Springfield might not be the biggest city in Missouri, but it's certainly not lacking for culture. Please try again. The poverty rate in the McAllen-Edinburg-Mission metro area is 30.5%. Extra study on the side and you might increase your income even more. Its cost of living index of 81.8 in 2012 fell 0.6 from the previous year. #2 Cities with the Lowest Cost of Living in America. Average home prices come to about $261,000 – an amount that would elicit screams from people who live in the most expensive U.S. cities. Holbrook Arizona. Close proximity to the Arkansas River and Lake Conway makes the city ideal for fishing and water sports, and there's ample space for hunting. Kansas consistently ranks among the cheapest places to live in the US – food costs are about 9% lower than the national average and housing and transportation costs are also quite low. The Kiplinger Washington Editors, Inc., is part of the Dennis Publishing Ltd. Group.All Contents © 2021, The Kiplinger Washington Editors. Please check your email and click on the confirmation link to complete your registration. A comparatively high unemployment rate and relatively low median incomes and home values keep prices in check. When it comes to cheap living, the best places to settle down are mostly south of the Mason-Dixon line. The average cost of living calculated from MIT is $16.54 per hour or $68,808 per year for two working adults in a family of four. She now focuses her energy on helping others achieve financial freedom through smart money management and investment opportunities. South Bend, IN. Okay, there ya go. Low costs on health care, groceries, transportation, utilities and miscellaneous expenses also contribute to Seguin's ranking among the 25 cheapest cities in America. The Brownsville-Harlingen metro area is a hardscrabble place where 28% of residents live below the poverty line. Level 2, Palazzo Ca’ Brugnera, Valley Road, Birkirkara BKR 9024, Malta, Operated by Financer.com LTDVAT MT20908917financer.com © 2021. But if you're thinking about relocating to one of these cheapest cities to live in, just remember to weigh the pros and cons. The city also has a zoo … But the biggest way folks in this part of the Texas Panhandle save money is by what they spend on housing. But not every last thing is cheaper in Lynchburg. Industry leaders include technology, energy, natural gas, and oil—even the state’s capitol building sits above an oil well. 38 reviews. ... one of America's most underappreciated that happens to be a great place to live. Des Moines, IA. Home prices range from under $15,000 for a simple Belizean-style … In addition to its proximity to Mexico, Harlingen is about an hour's drive to the beaches of South Padre Island. Those cookies are important to give you the best possible user experience, and thus can be removed only manually by following the instructions found on our privacy policy. A visit to the doctor is in line with the national average, but other specialties are appreciably more affordable. The nearby Muscle Shoals Sound Studio has a rich history; it's where The Rolling Stones recorded the hit songs "Wild Horses" and "Brown Sugar." Does your dollar stretch further where you live compared to the rest of the country? If you are looking for somewhere cheap to raise your kids, this might be the place for you. Feel the need to get out of town? C… State’s that are over 100, their cost of living is above the national average. Housing-related expenses including rents and mortgages are nearly 30% lower than the national average, according to the Council for Community and Economic Research's Cost of Living Index. Today, major employers include the U.S. Department of Veterans Affairs, grocery distributor McLane/Midwest and Blue Cross Blue Shield. And, yet, as a metro area with 1.4 million people, Oklahoma City offers a lot of big-city attractions, from a philharmonic orchestra to the National Softball Hall of Fame and Museum. If you want to get away to the big city, Chicago is less than three hours by car if traffic is merciful. Town in Texas. The pace of life is a bit slower here. A comparatively resilient job market – the unemployment rate stands well below the national level – and a low cost of living help explain how Lynchburg has ranked near the top of Gallup's well-being index. Every state that averages less than 100 is considered below the national average for the Cost of Living. According to a study by the Council for Community and Economic Research, two cities in the Lone Star State ranked as the cheapest places to live in America. Tennessee has so much to offer I may move there myself. At the same time, Hattiesburg, just 115 miles to the north of New Orleans, is one of the cheapest U.S. cities to live in. At the professional sports level, the NBA's Oklahoma City Thunder is a regularly competitive team. A trip to the optometrist costs a quarter less than the national average, and you'll save about 20% on a trip to the dentist. Apartment rents are less than half of what the average American shells out every month. These are known as essential cookies. Here's some guidance before you tee up your retirement move …. The cities are full of college students, and there is the vibrancy of big-city life if you want that. But a diversity of businesses and industries makes Lynchburg more than just a college town. The small city, which is less than an hour's drive east from Knoxville, is where you'll find the Crockett Tavern Museum, a reconstruction of Davy Crockett's boyhood home. Its two major hospitals serve a four-state area that includes Kansas, Oklahoma and Arkansas. Thrifty types should volunteer to check out Knoxville, one of four Tennessee cities to make the list for inexpensive living. This website uses cookies among other user tracking and analytics tools. It's home to the world's largest office chair – a 33-foot-tall seat that was once recognized by Guinness World Records. 1. Conway is home to a number of high-tech companies, such as digital marketing firm Acxiom, and post-secondary educational institutions, including the University of Central Arkansas. To use our website you need to agree to our Terms and Conditions and Privacy Policy. To say that real estate is cheap in Memphis is an understatement. Housing costs are 25% below the national average, while groceries are generally around 22% cheaper than elsewhere, making it one of the cheapest U.S. cities you can live in. The pandemic recession has clobbered the local economy, but there's good work if you can get it. It can be hard to find a balance between the quality of life vs. the cost of living in a lifestyle. The minimum wage of $7.25 per hour leaves families in the poverty threshold. The Gilcrease Museum, which specializes in exhibits about the American West, offers free admission for kids under 18, active-duty military and veterans and K-12 Oklahoma teachers. Three Fortune 500 companies – FedEx (FDX), International Paper (IP) and AutoZone (AZO) – call the city home. 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. It is the 5th least populated state in the country, so vast open spaces and a small-town feel will have to be what you are into. They …, September 9, 2020 This Oklahoma city traces its roots back to the Western expansion, first as a cattle town and later as the "Oil Capital of the World.". President-elect Joe Biden and others in Congress are pushing for a third-round of stimulus checks, but it might be a while before we get them. If you are struggling to pay your rent, you may be eligible for some government assistance. 7 min read, Who Can Help Pay Rent? Ponca City, Okla. Getty Images. The 10 Least Tax-Friendly States in the U.S. 31 Best Amazon Prime Benefits to Use in 2020, 19 Smart Ways to Prepare for a Financial Emergency, 13 Tax Breaks for Homeowners and Home Buyers, 7 States That Are Better Than Florida for Retirement, 7 Surprisingly Valuable Assets for a Happy Retirement. 3 min read, In today's climate, with job losses and layoffs in the tens of millions, we are forced to rethink our value of money. We are not responsible for incorrect information or inaccuracy of interest rates, company information or any other data - responsibility therefore falls on the customer to always check that the information is correct before using a service. And McAllen isn't just affordable – it's the cheapest American city to live in, according to the Cost of Living Index. Cookie information is stored in your browser and performs functions such as recognizing you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful. Groceries, health care and transportation costs also are lower than the national average. To identify America’s cheapest cities where everyone wants to live, 24/7 Wall St. reviewed cost of living, housing affordability, and population growth from migration for 110 U.S. metro areas. You'll thank yourself later. #16 Places with the Lowest Cost of Living in America. Nationally, a doctor's visit costs $115.67. How much do …, August 23, 2020 Skip advert. Many remote workers and small online business are taking their ability to work from anywhere and are doing just that. 10 cheapest places to live in the U.S. ... here is a look at the least expensive cities around the country to live in. Some of the area's largest employers include Kellogg (K), Stanley Black & Decker (SWK) and Toyota (TM). We are in 26 financial markets around the world, We use cookies to give you the most relevant experience. Less traffic, more clean air, cheaper housing, and even fewer taxes in some states are a drawcard. Danville was a coal-mining center for the first half the 20th century, but that industry petered out after World War II. The cheapest beach city in America to buy a house is Port Arthur, a city on Sabine Lake just across from Louisiana. There You Have It — The Cheapest Big Cities in America. The city also hosts the University of North Alabama. Nearby Hartselle, about 10 miles south, shares the charms of its neighbor to the north. When Could We Get a Third Stimulus Check? Need to get your eyes checked? People that love West Virginia love the outdoors. It used to be that Joplin, at least to outsiders, was probably best known as a place where Depression-era bank robbers Bonnie and Clyde hid out for a time. Residents spend almost 40% less on housing-related costs vs. the national average. It is home to the University of Tennessee and the Women's Basketball Hall of Fame, but Knoxville is also the gateway to the Great Smoky Mountains. Although the economic picture could be brighter, Anniston has its charms, including architectural gems such as Victorian homes and historic churches. Fact: NFL Hall of Fame defensive tackle `` Mean '' Joe Greene was and! Of each month is below the national average this city situated 140 miles northwest of Dallas claims distinctions. Take Mississippi, the average American pays, too country living is for new opportunities plan an extended visit ensure... Capital of little Rock in a half-hour or so 90-minute drive from hattiesburg the... 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