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Where You Can Anticipate a Cost Of Living Below The National Average – Here Are 14 Cheapest And Best Cities To Live In US

13 Cheapest And Best Cities To Live In US

“Cheapest and best cities to live in US”
The cost of living is rising across the US and many Americans are reconsidering where they want to live as the burden of debt and the pandemic alters our way of life. Home buyers who relocate to the South can get greater value for their money.

American households spent roughly $500 more in expenses in the mid-year than they would have in 2018 and 2019 as a result of inflation increases. Many Americans are reconsidering where they want to reside as a result of the move to remote work and general sense of reprioritization brought on by the pandemic.

The cost of living in a community and how much money residents will have left over after paying their rent or mortgage are important considerations for potential migrants. We have less discretionary income to spend each month as a result of the fast rise in inflation and the fact that people’s earnings and weekly incomes are not rising at the same rate. Read also 10 Most Affordable Places In The United States To Retire On a Low Budget

The Cheapest And Best Cities To Live In US During High Cost Of Living

Personal finance firm Kiplinger evaluated the cheapest and best cities to live in US in order to find out where homeowners may get the most for their money. The business determined the cost of living in 267 urban areas with a population of at least 50,000 people using information from the Council for Community and Economic Research.

Housing, groceries, transportation, healthcare, and other products and services were all priced by Kiplinger. It’s researchers were able to determine the cheapest and best cities to live in US with the lowest cost of living were primarily south of the Mason-Dixon line after looking through hundreds of cities and pricing. Homebuyers can locate a number of metro areas in states like Texas, Tennessee, and Alabama, which are represented on the list more than once, where they can anticipate a cost of living below the national average. Read also 15 Best Beach Cities To Retire In US On $2,500 Monthly Budget

The 13 Most Affordable Places To Live In United States

Here is a comprehensive list of all the cheapest and best cities to live in US where you can live on a tight budget if the South isn’t your thing.

13. Decatur, Illinois

•Cost of living: 16.0% below US average
•Metro population: 104,688
•Median household income: $53,725
•Median home value: $103,100
•Unemployment rate: 6.5%

12. Decatur/Hartselle, Alabama

•Cost of living: 16.1% below US average
•Metro population: 152,321
•Median household income: $51,842
•Median home value: $137,600
•Unemployment rate: 2.1%

11. Jackson, Tennessee

•Cost of living: 16.3% below US average
•Metro population: 178,601
•Median household income: $48,146
•Median home value: $123,300
•Unemployment rate: 3.2%

10. Kokomo, Indiana

•Cost of living: 16.4% below US average
•Metro population: 82,486
•Median household income: $56,387
•Median home value: $113,900
•Unemployment rate: 4.5%

9. Augusta-Aiken, Georgia/South Carolina

•Cost of living: 16.4% below US average
•Metro population: 605,303
•Median household income: $55,049
•Median home value: $153,300
•Unemployment rate: 3.5%

8. Joplin, Missouri

•Cost of living: 17.4% below US average
•Metro population: 178,816
•Median household income: $50,244
•Median home value: $126,200
•Unemployment rate: 3.1%

7. Knoxville, Tennessee

•Cost of living: 17.7% below US average
•Metro population: 861,872
•Median household income: $56,857
•Median home value: $180,700
•Unemployment rate: 2.7%

6. Anniston, Alabama

•Cost of living: 17.9% below US average
•Metro population: 114,324
•Median household income: $50,128
•Median home value: $121,600
•Unemployment rate: 3.4%

5. Amarillo, Texas

•Cost of living: 19.3% below US average
•Metro population: 264,345
•Median household income: $56,055
•Median home value: $147,600
•Unemployment rate: 3.1%

4. Jackson, Mississippi

•Cost of living: 20.4% below US average
•Metro population: 596,287
•Median household income: $53,639
•Median home value: $148,300
•Unemployment rate: 3.8%

3. McAllen, Texas

•Cost of living: 23.2% below US average
•Metro population: 861,137
•Median household income: $41,846
•Median home value: $90,000
•Unemployment rate: 7.9%

2. Harlingen, Texas

•Cost of living: 23.4% below US average
•Metro population: 443,554
•Median household income: $41,053
•Median home value: $88,200
•Unemployment rate: 6.8%

1. Kalamazoo, Michigan

•Cost of living: 24.3% below US average
•Metro population: 264,322
•Median household income: $58,836
•Median home value: $168,500
•Unemployment rate: 4.1%. Read also 10 Affordable And Best Cities To Retire In Florida On a $2,500 Monthly Budget

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Thomas Goodmanhttps://www.talkfinance24.com
Thomas Goodman is a Degree Holder, a prolific Personal Finance writer and Expert. His work has been recognized by Millions of people round the world and the United States precisely. He has since over a decade, helped people to manage and gain full control over their finances through his adequate and concrete write-ups. His Goal is to inform and educate people worldwide on Personal Finance, Budgeting, Banking and Finance, Career Planning and Savings. He loves to Educate people to attain their financial freedom. Reach out to Him personally on [email protected]

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