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Where is the cheapest place to life?

We based our list of the cheapest places to live on research from The Council for Community and Economic Research, Niche, among other sources. Amarillo, Texas. ... Meridian, Mississippi. ... Tupelo, Mississippi. ... Muskogee, Oklahoma. ... Jackson, Mississippi. ... Topeka, Kansas. ... Richmond, Indiana. ... Salina, Kansas. More items... •

rocketmortgage.com - The 21 Cheapest Places To Live In The U.S. - Rocket Mortgage

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The cheapest places to live offer residents a more affordable lifestyle. Of course, price isn’t the only consideration when relocating. But looking at affordable places is a great place to start your search for where you’ll decide to call home. We based our list of the cheapest places to live on research from The Council for Community and Economic Research, Niche, among other sources.

1. Fort Wayne, Indiana

Fort Wayne, Indiana, is one of the cheapest places to live in America. The affordable housing costs are a major draw for residents moving to the city. But the area also boasts of several picturesque rivers which create boating and other recreational opportunities.

Overall cost of living index score : 78.9

: 78.9 Population : 263,886

: 263,886 Average household income : $51,464

: $51,464 Owner-occupied median home value : $121,600

: $121,600 Median rent: $777

2. South Bend, Indiana

Home to the Fighting Irish, this Indiana city offers a mix of affordability and culture. Although the price might be right, the chilly winters might not be the right fit for everyone.

Overall cost of living index score : 68.4

: 68.4 Population : 103,353

: 103,353 Average household income : $42,657

: $42,657 Owner-occupied median home value : $88,600

: $88,600 Median rent: $814

3. Dayton, Ohio

Dayton has earned a reputation as the Birthplace of Aviation. In addition to historic pride, this Ohio city offers an affordable place to call home.

Overall cost of living index score : 71.4

: 71.4 Population : 137,571

: 137,571 Average household income : $34,457

: $34,457 Owner-occupied median home value : $69,400

: $69,400 Median rent: $724

4. Toledo, Ohio

The Glass City has served as a hub for glass manufacturing since the 1880s. With time, the economy has evolved to attract a wider range of industries to the affordable area. Plus its location on Lake Erie makes it a prime place for water enthusiasts.

Overall cost of living index score : 72.7

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: 72.7 Population : 268,508

: 268,508 Average household income : $39,155

: $39,155 Owner-occupied median home value : $83,600

: $83,600 Median rent: $737

5. Akron, Ohio

Although it might come as a surprise, Akron has significant ties with some high-profile celebrities. For example, Lebron James and multiple members of The Black Keys are from Akron. In addition to ties with the stars, Akron offers its residents an affordable place to call home.

Overall cost of living index score : 69.5

: 69.5 Population : 189,347

: 189,347 Average household income : $40,281

: $40,281 Owner-occupied median home value : $83,500

: $83,500 Median rent: $795

6. Erie City, Pennsylvania

You’ll find Erie City in the northwest corner of the state. In addition to picturesque lake views, the affordable cost of living makes Erie City an even more enjoyable place to live.

Overall cost of living index score : 74.6

: 74.6 Population : 93,999

: 93,999 Average household income : $38,655

: $38,655 Owner-occupied median home value : $90,500

: $90,500 Median rent: $725

7. Knoxville, Tennessee

Looking for a mix of country living sprinkled with a hint of a big-city feel? Knoxville is a cost-effective candidate. The University of Tennessee, the Great Smoky Mountains and the Tennessee River are just a few of the major attractions.

Overall cost of living index score : 85.5

: 85.5 Population : 192,648

: 192,648 Average household income : $41,598

: $41,598 Owner-occupied median home value : $142,700

: $142,700 Median rent: $883

8. Memphis, Tennessee

Close to the mighty Mississippi River and featuring an NBA franchise as well as legendary barbecue and music, you’ll be happy if you move here and find yourself “walking in Memphis.”

Overall cost of living index score : 76.0

: 76.0 Population : 628,127

: 628,127 Average household income : $41,864

: $41,864 Owner-occupied median home value : $107,100

: $107,100 Median rent: $915

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9. Joplin, Missouri

Ready to live with an outlaw state of mind in the infamous city where Bonnie and Clyde hid out for a while? Move to Joplin. You won’t need to be a bank robber, given how cost-effective it is to live here.

Overall cost of living index score : 76.3

: 76.3 Population : 51,846

: 51,846 Average household income : $45,091

: $45,091 Owner-occupied median home value : $125,400

: $125,400 Median rent: $774

10. Harlingen, Texas

In the Longhorn State, Harlingen features the Rio Grande to the south and the Gulf of Mexico to the east. This quaint Texas town offers a historic district filled with charming shops and restaurants combined with being a major distribution hub for goods making their way down the Rio Grande.

Overall cost of living index score : 67.5

: 67.5 Population : 71,925

: 71,925 Average household income : $43,003

: $43,003 Owner-occupied median home value : $92,000

: $92,000 Median rent: $748

11. McAllen, Texas

Too much Texas? Sorry, but McAllen makes our list as one of the cheapest places to live in America. Other features beyond the cheap living? The Quinta Mazatlan, a luxury birding habitat and the International Museum of Art & Science are two of the main features McAllen offers.

Overall cost of living index score : 78.6

: 78.6 Population : 143,920

: 143,920 Average household income : $49,259

: $49,259 Owner-occupied median home value : $131,500

: $131,500 Median rent: $829

12. Anniston, Alabama

Are you an outdoorsy, mountain biking and hiking type who also likes a bit of quirky character in their city, like it being home to the world's biggest office chair? Anniston may be the place for you! Get lost in the Mountain Longleaf National Wildlife Refuge or enjoy the charming Victorian architecture of downtown.

rocketmortgage.com - The 21 Cheapest Places To Live In The U.S. - Rocket Mortgage

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