Where is the Least Expensive Place to Live in the United States?
24/7 Wall St. ranked countries based on their ability to pay for basic needs like housing, food, transportation, taxes, and health care. The Economic Policy Institute is a non-profit think tank that provided the data. It adjusted for inflation to match 2019 dollars. The Institute’s calculations use Census Bureau data from the American Community Survey, but not seasonally adjusted data from the Bureau of Labor Statistics. The median household income is also included in the study.
Topeka
The cost of living in Topeka, Kansas, is 15% lower than the national average. It all depends on the type of job you hold, how much you earn, and the local real-estate market. However, on average, the cost of living in this city is significantly lower than the rest of the United States. Topeka has 17% lower housing costs than the national average. Utilities, transportation, food, and utilities are also 3% less than in the rest.
Greeley
Compared to other major U.S. cities, Greeley has the lowest cost of living. It is also located within three hours of 10 ski resorts. This means that anyone who loves the slopes can easily live in the city. There are many excellent schools in the area and many extracurricular activities. In a recent survey, Greeley was rated the least expensive place to live in Colorado.
Anniston
When it comes to cost of living, Anniston, AL has an average cost of living that’s 18% below the national average. While there are many factors to consider, like median income, real estate market, and career outlook, it’s worth examining the data and determining if relocating is a good idea. Anniston has a median housing cost that is 42% lower then the national average. Also, its utilities and transportation prices are 11% higher.
Mobile
The cost of living in Mobile, Alabama, is nearly 14% below the national average, led by a 20.2% discount on housing costs. Despite Mobile’s low living costs, it is one the most tax-friendly cities for middle-class families. This city, founded in 1702 by the French, is home to an incredibly diverse population with African, Creole and Catholic roots.
Memphis
Memphis, Tennessee is the best place to live if you’re looking for the most affordable place in America. With a median home value of $85,900, Memphis is among the most affordable cities in the country. Memphis is home to several Fortune 500 companies and has an affordable cost of living. According to Kiplinger, Memphis’ median cost of life is 18% less than the national average.