Big coastal cities, such as New York and San Francisco, feature notoriously high rent prices and an expensive cost of
living. But in their smaller Midwestern counterparts, like Indianapolis and Toledo, Ohio, things prove much, much cheaper. And while a lower cost of living doesn’t always equate to a higher quality of life, it can make a difference for those looking to stretch their paycheck. Niche, a company that researches and compiles information on places to live, released its list of the US cities with the lowest cost of living in 2020. The ranking focused primarily on the ratio of home values to income, median property
taxes, median home values, median rent, and ratios of monthly housing cost to income for each place. It also took the price of gas, the price of groceries, and the ratio of the median rent to income into consideration. You can read a full breakdown of the methodology here. The top 25 cities all fell within the Midwest, the South, and the Southwest, with a city
in Texas earning the top spot. Emmie Martin contributed to an earlier version of this article. Foto: Oklahoma City, Oklahoma. Source: Shutterstock Population: 637,284 Median rent: $849 Median home value: $153,700 Percentage of people who rent their home: 41% Percentage of people who own their home: 59% 24. Augusta, Georgia Foto: Augusta, Georgia. Source: Shutterstock Population: 127,139 Median rent: $851 Median home value: $104,600 Percentage of people who rent their home: 47% Percentage of people who own their home: 53% 23. Louisville, KentuckyFoto: Louisville, Kentucky. Source: Jillian Cain/Shutterstock Population: 617,032 Median rent: $812 Median home value: $152,300 Percentage of people who rent their home: 60% Percentage of people who own their home: 40% 22. Topeka, KansasFoto: Topeka, Kansas. Source: Henryk Sadura/shutterstock Population: 126,877 Median rent: $790 Median home value: $102,600 Percentage of people who rent their home: 43% Percentage of people who own their home: 57% 21. Palm Bay, FloridaFoto: Palm Bay, Florida. Source: Thomas Kelley/Shutterstock Population: 110,271 Median rent: $1,027 Median home value: $136,600 Percentage of people who rent their home: 27% Percentage of people who own their home: 73% 20. Huntsville, AlabamaFoto: Huntsville, Alabama. Source: Rob Hainer/Shutterstock Population: 193,663 Median rent: $804 Median home value: $176,100 Percentage of people who rent their home: 42% Percentage of people who own their home: 58% 19. Corpus Christi, TexasFoto: Corpus Christi, Texas. Source: Sean Pavone/Shutterstock Population: 324,692 Median rent: $996 Median home value: $133,200 Percentage of people who rent their home: 43% Percentage of people who own their home: 57% 18. El Paso, TexasFoto: El Paso, Texas. Source: BrianWancho/Shutterstock Population: 680,354 Median rent: $814 Median home value: $123,900 Percentage of people who rent their home: 41% Percentage of people who own their home: 59% 17. Akron, OhioFoto: Akron, Ohio. Source: Shutterstock Population: 198,314 Median rent: $735 Median home value: $81,400 Percentage of people who rent their home: 49% Percentage of people who own their home: 51% 16. Killeen, TexasFoto: Killeen, Texas. Source: Giorgia Basso/Shutterstock Population: 143,070 Median rent: $912 Median home value: $121,500 Percentage of people who rent their home: 56% Percentage of people who own their home: 44% 15. Jackson, MississippiFoto: Jackson, Mississippi. Source: Sean Pavone/Shutterstock Population: 168,862 Median rent: $824 Median home value: $90,800 Percentage of people who rent their home: 50% Percentage of people who own their home: 50% 14. Evansville, IndianaFoto: Evansville, Indiana. Source: Joe Sohm/Visions of America/Universal Images Group via Getty Images Population: 118,952 Median rent: $755 Median home value: $92,300 Percentage of people who rent their home: 45% Percentage of people who own their home: 55% 13. Dayton, OhioFoto: Dayton, Ohio. Source: David Harmantas/Shutterstock Population: 140,782 Median rent: $681 Median home value: $66,500 Percentage of people who rent their home: 53% Percentage of people who own their home: 47% 12. Birmingham, AlabamaFoto: Birmingham, Alabama. Source: SeanPavonePhoto/Getty Images Population: 212,021 Median rent: $797 Median home value: $89,200 Percentage of people who rent their home: 54% Percentage of people who own their home: 46% 11. Odessa, TexasFoto: Odessa, Texas. Source: DenisTangneyJr/Getty Images Population: 118,582 Median rent: $1,052 Median home value: $149,900 Percentage of people who rent their home: 39% Percentage of people who own their home: 61% 10. Toledo, OhioFoto: Toledo, Ohio. Source: Michael Shake/Shutterstock Population: 278,193 Median rent: $700 Median home value: $79,900 Percentage of people who rent their home: 49% Percentage of people who own their home: 51% 9. Montgomery, AlabamaFoto: Montgomery, Alabama. Source: Sean Pavone/Shutterstock Population: 200,156 Median rent: $867 Median home value: $119,600 Percentage of people who rent their home: 45% Percentage of people who own their home: 55% 8. South Bend, IndianaFoto: South Bend, Indiana. Source: Chuck W Walker/Shutterstock Population: 102,233 Median rent: $767 Median home value: $82,500 Percentage of people who rent their home: 43% Percentage of people who own their home: 57% 7. Abilene, TexasFoto: Abilene, Texas. Source: Grace Museum Population: 123,676 Median rent: $912 Median home value: $114,000 Percentage of people who rent their home: 46% Percentage of people who own their home: 54% 6. McAllen, TexasFoto: McAllen, Texas. Source: Denis Tangney Jr/Getty Images Population: 141,597 Median rent: $767 Median home value: $123,900 Percentage of people who rent their home: 40% Percentage of people who own their home: 60% 5. Fort Wayne, IndianaFoto: Fort Wayne, Indiana. Source: Deb Perry / Getty Images Population: 264,052 Median rent: $735 Median home value: $110,600 Percentage of people who rent their home: 38% Percentage of people who own their home: 62% 4. Amarillo, TexasFoto: Amarillo, Texas. Source: Gimas/Shutterstock Population: 198,773 Median rent: $839 Median home value: $127,200 Percentage of people who rent their home: 40% Percentage of people who own their home: 60% 3. Beaumont, TexasFoto: Texas road sign. Source: Drew Angerer/Getty Images Population: 118,632 Median rent: $843 Median home value: $104,400 Percentage of people who rent their home: 45% Percentage of people who own their home: 55% 2. Brownsville, TexasFoto: Brownsville, Texas. Source: Shutterstock Population: 182,679 Median rent: $710 Median home value: $87,600 Percentage of people who rent their home: 38% Percentage of people who own their home: 62% 1. Wichita Falls, TexasFoto: Wichita Falls, Texas, was named the city with the lowest cost of living. Source: DenisTangneyJr/Getty Images Population: 104,494 Median rent: $784 Median home value: $97,400 Percentage of people who rent their home: 43% Percentage of people who own their home: 57%
Where is the cheapest and safest place to live in the US?Augusta, a small city near Georgia's border with South Carolina, is one of the cheapest and safest places to live in the USA. It has a low crime rate and a low cost of living, making it perfect for those looking to live comfortably and save money.
What US city has lowest cost of living?It can be extremely expensive to live in big cities like New York, San Francisco, or Los Angeles. However, living in places, like Fort Wayne, Indiana, or Brownsville, Texas, can be more affordable. Fort Wayne, Indiana, was named the city with the lowest cost of living for 2022.
What is the #1 Best place to Live in the US?Its 2022 ranking for the best places to live looked at five metrics: job market, value, quality of life, desirability, and net migration. The best place to live in America is Huntsville, Alabama, followed by Colorado Springs, Colorado.
Where is the safest most affordable place to live?10 of the cheapest and safest places to live in the world. Czech Republic.. Bulgaria.. Albania.. Portugal.. Costa Rica.. Panama.. Mexico.. Thailand.. |
Affordable top places to live in the us
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