10 Cheapest Cities to Live in When You’re on a Budget

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Whether you’re heading to graduate school, taking a new job, or hoping to live somewhere new, it’s important to take a city’s cost of living into consideration.

That said, the cheapest cities to live in based on cost of living aren’t always the best places to live. In many cases, income levels are low and poverty rates are high.

We ran the numbers on 253 urban areas across the United States to find the 10 cheapest cities to live in today. We looked at median incomes, housing costs, unemployment rates, and poverty levels to give you a full picture.

Following our initial list, we also ranked cities by major expense categories, including groceries, housing, and transportation, to demonstrate that you don’t have to live in one of the nation’s cheapest cities to enjoy an affordable cost of living.

On the map below, you can see where the 10 cheapest cities to live in are located.

10 cheapest cities to live in

Based on data from the Council for Community and Economic Research (C2ER) in the second quarter of 2017, we ranked the 10 cheapest cities to live in based on a cost-of-living index score for each urban area. That score is compared with a national average benchmark of 100.

For added context, we also included population, income, and poverty data from the U.S. Census Bureau, unemployment rates from various sources, median home listing prices from Zillow, and median monthly rent costs from Trulia. Plus, we broke down cost of living into different categories, including housing, groceries, utilities, and health care.

Note that although we’re talking about cities, the data includes the overall urban area, so some might be represented by a county or two cities rather than one city.

10. Memphis, Tennessee

cheapest cities to live in

Image credit: Wikimedia

  • Cost-of-living index: 17.2 percent below the national average
  • City population: 652,717
  • Median household income: $36,975 (U.S. median: $55,322)
  • Median home listing price: $88,704 (U.S. median: $259,900)
  • Median monthly rent: $895
  • Housing costs: 35.4 percent below the national average
  • Unemployment rate: 3.9 percent (U.S. average: 4.1 percent)
  • Poverty rate: 27.6 percent (U.S. average: 12.7 percent)
  • Groceries: 8 percent below the national average
  • Utilities: 2 percent above the national average
  • Transportation: 13.1 percent below the national average
  • Health care: 13.8 percent below the national average

Rich in history and culture, Memphis is the largest city on our list in terms of population. It’s also the only city on our list where the cost of utilities is higher than the national average.

The biggest reason for the city’s low cost of living is its housing costs, which are 35.4 percent below the national average. Despite below-average costs, however, the median household income in Memphis is 33.2 percent below the national median.

Bottom line: The Bluff City has rock-bottom housing prices and a below-average unemployment rate, but more than 1 in 4 residents live in poverty.

9. Martinsville-Henry County, Virginia

cheapest city to live in

Image credit: Wikimedia

  • Cost-of-living index: 17.6 percent below the national average
  • City population: 13,445
  • Median household income: $31,719 (U.S. median: $55,322)
  • Median home listing price: $99,000 (U.S. median: $259,900)
  • Median monthly rent: $875
  • Housing costs: 27.5 percent below the national average
  • Unemployment rate: 6.8 percent (U.S. average: 4.1 percent)
  • Poverty rate: 24.1 percent (U.S. average: 12.7 percent)
  • Groceries: 7.6 percent below the national average
  • Utilities: 10.9 percent below the national average
  • Transportation: 21.2 percent below the national average
  • Health care: 11.3 percent below the national average

The smallest city on the list in terms of population, Martinsville-Henry County enjoys low housing costs and the second-lowest transportation costs in the country.

That said, it also has the highest unemployment rate among cities on our list, and just under a quarter of its residents are living below the poverty line.

Bottom line: Martinsville-Henry County’s median household income is 42.7 percent below the national median, making it hard for residents to enjoy the city’s low cost of living.

8. Knoxville, Tennessee

cheapest cities to live in

Image credit: Wikimedia

  • Cost-of-living index: 17.8 percent below the national average
  • City population: 183,239
  • Median household income: $34,556 (U.S. median: $55,322)
  • Median home listing price: $209,900 (U.S. median: $259,900)
  • Median monthly rent: $1,200
  • Housing costs: 29.4 percent below the national average
  • Unemployment rate: 3.1 percent (U.S. average: 4.1 percent)
  • Poverty rate: 26.5 percent (U.S. average: 12.7 percent)
  • Groceries: 13.2 percent below the national average
  • Utilities: 10.1 percent below the national average
  • Transportation: 15.3 percent below the national average
  • Health care: 11.6 percent below the national average

Home to the University of Tennessee, Knoxville enjoys low costs across the board. It also ties Conway, Arkansas, for the lowest unemployment rate on our list.

The median household income, however, can make life difficult for residents, especially the 26.5 percent who live in poverty.

Bottom line: You likely won’t have trouble finding a job in Knoxville, but the pay might make it difficult to cover all your basic expenses.

7. Kalamazoo, Michigan

cheapest city to live in

Image credit: Wikimedia

  • Cost-of-living index: 19.5 percent below the national average
  • City population: 75,984
  • Median household income: $34,767 (U.S. median: $55,322)
  • Median home value (in lieu of listing price): $96,700 (U.S. median: $259,900)
  • Median monthly rent: $1,100
  • Housing costs: 31 percent below the national average
  • Unemployment rate: 3.9 percent (U.S. average: 4.1 percent)
  • Poverty rate: 32.7 percent (U.S. average: 12.7 percent)
  • Groceries: 19.4 percent below the national average
  • Utilities: 12.1 percent below the national average
  • Transportation: 1.9 percent above the national average
  • Health care: 10.5 percent below the national average

One of just two cities on this list not located in the South — the other is Richmond, Indiana — Kalamazoo has the sixth-lowest housing costs in the nation and the second-lowest grocery costs.

Unfortunately, it also has the highest poverty rate of all the cities on our list.

Bottom line: The low costs in some areas aren’t enough for almost a third of Kalamazoo’s residents.

6. Wichita Falls, Texas

cheapest cities to live in

Image credit: Wikimedia

  • Cost-of-living index: 19.5 percent below the national average
  • City population: 104,724
  • Median household income: $43,997 (U.S. median: $55,322)
  • Median home listing price: $117,900 (U.S. median: $259,900)
  • Median monthly rent: $912
  • Housing costs: 31 percent below the national average
  • Unemployment rate: 3.3 percent (U.S. average: 4.1 percent)
  • Poverty rate: 20.6 percent (U.S. average: 12.7 percent)
  • Groceries: 14.2 percent below the national average
  • Utilities: 13.1 percent below the national average
  • Transportation: 14.8 percent below the national average
  • Health care: 11.3 percent below the national average

The most expensive cost category for Wichita Falls residents is health care, which is 11.3 percent below the national average. The city also enjoys a below-average unemployment rate.

Still, roughly 1 in 5 residents live below the poverty line despite a median household income that’s roughly on par with the city’s cost of living.

Bottom line: Wichita Falls’ median household income is slightly lower than its cost of living relative to the national average, making it easier for residents to afford to live there compared to some of the other cities on this list.

5. Tupelo, Mississippi

cheapest city to live in

Image credit: Wikimedia

  • Cost-of-living index: 20.8 percent below the national average
  • City population: 38,842
  • Median household income: $43,153 (U.S. median: $55,322)
  • Median home listing price: $169,900 (U.S. median: $259,900)
  • Median monthly rent: $1,100
  • Housing costs: 33.1 percent below the national average
  • Unemployment rate: 4.4 percent (U.S. average: 4.1 percent)
  • Poverty rate: 21.7 percent (U.S. average: 12.7 percent)
  • Groceries: 11.2 percent below the national average
  • Utilities: 26.2 percent below the national average
  • Transportation: 4.3 percent below the national average
  • Health care: 5.9 percent below the national average

Mississippi is the cheapest state to live in overall, but only Tupelo shows up in the five cheapest cities to live in.

Tupelo’s cost of living is low across the board, with the exception of health care costs. The cheapest expense in the area is housing, which is 33.1 percent below the national average.

Bottom line: Although Tupelo’s cost of living is low, its median household income is 22 percent below the national median. As a result, more than 1 in 5 residents live in poverty.

4. Richmond, Indiana

cheapest cities to live in

Image credit: Good Free Photos

  • Cost-of-living index: 21.3 percent below the national average
  • City population: 35,664
  • Median household income: $30,844 (U.S. median: $55,322)
  • Median home listing price: $74,500 (U.S. median: $259,900)
  • Median monthly rent: $800
  • Housing costs: 39 percent below the national average
  • Unemployment rate for Wayne County (in lieu of city data): 3.4 percent (U.S. average: 4.1 percent)
  • Poverty rate: 26 percent (U.S. average: 12.7 percent)
  • Groceries: 8.2 percent below the national average
  • Utilities: 9.5 percent below the national average
  • Transportation: 7.5 percent below the national average
  • Health care: 23.3 percent below the national average

Richmond ranks among the cheapest cities in several categories, including housing and health care.

That said, Richmond’s median household income is 44.3 percent below the national median, and more than a quarter of its residents live below the poverty line.

Bottom line: Richmond offers low home prices, but low income levels can make it difficult for residents to afford essential costs.

3. Harlingen, Texas

cheapest city to live in

Image credit: Wikimedia

  • Cost-of-living index: 21.5 percent below the national average
  • City population: 65,539
  • Median household income: $35,718 (U.S. median: $55,322)
  • Median home listing price: $135,000 (U.S. median: $259,900)
  • Median monthly rent: $1,200
  • Housing costs: 32.4 percent below the national average
  • Unemployment rate: 5.8 percent (U.S. average: 4.1 percent)
  • Poverty rate: 31.3 percent (U.S. average: 12.7 percent)
  • Groceries: 19.3 percent below the national average
  • Utilities: 0.4 percent below the national average
  • Transportation: 11.2 percent below the national average
  • Health care: 12.9 percent below the national average

Harlingen lies in Texas near where the Mexico border and the Gulf of Mexico meet. The city’s residents have a median household income that’s 35.5 percent below the national median, and a little less than a third of the city’s residents live in poverty.

Despite the fact that Texas is the largest oil-producing state in the country, Harlingen’s utility rates are on par with the national average.

Bottom line: With such a low median household income, Harlingen residents can find it difficult to meet their basic needs, even if those basic needs are cheap.

2. Conway, Arkansas

cheapest city to live in

Image credit: Wikimedia

  • Cost-of-living index: 22.2 percent below the national average
  • City population: 65,300
  • Median household income: $47,190 (U.S. median: $55,322)
  • Median home listing price: $175,000 (U.S. median: $259,900)
  • Median monthly rent: $1,000
  • Housing costs: 37.3 percent below the national average
  • Unemployment rate: 3 percent (U.S. average: 4.1 percent)
  • Poverty rate: 18.8 percent (U.S. average: 12.7 percent)
  • Groceries: 14.7 percent below the national average
  • Utilities: 19.2 percent below the national average
  • Transportation: 0.6 percent below the national average
  • Health care: 15 percent below the national average

Home to the University of Central Arkansas and Hendrix College, Conway lies on a bend in the Arkansas River.

The city’s median household income is the highest on our list of cheapest cities to live in. At only 14.7 percent below the national median, it makes living in the Little Rock suburb more affordable. Also, its unemployment rate is lower than the national average of 4.1 percent.

Bottom line: For the most part, residents find it easy to afford basic expenses in Conway. But not everyone benefits from the city’s low cost of living; almost 1 in 5 residents are living below the poverty line.

1. McAllen, Texas

cheapest cities to live in

Image credit: Flickr

  • Cost-of-living index: 24 percent below the national average
  • City population: 142,212
  • Median household income: $45,568 (U.S. median: $55,322)
  • Median home listing price: $208,990 (U.S. median: $259,900)
  • Median monthly rent: $1,300
  • Housing costs: 39.7 percent below the national average
  • Unemployment rate: 6.2 percent (U.S. average: 4.1 percent)
  • Poverty rate: 25.7 percent (U.S. average: 12.7 percent)
  • Groceries: 18.6 percent below the national average
  • Utilities: 9.5 percent below the national average
  • Transportation: 0.6 percent below the national average
  • Health care: 25.3 percent below the national average

Just 35 miles from another Texas town on our list — Harlingen — McAllen earns its spot as the cheapest city to live in by offering inexpensive costs in several areas. The city is among the five cheapest cities to live in for groceries and housing. Plus, it’s the cheapest city to live in for health care costs.

Its median household income, which is 17.6 percent below the national median, is also relatively higher than its cost-of-living index. In spite of that fact, a quarter of the city’s residents live in poverty.

Bottom line: As the cheapest city to live in, McAllen has a high median household income relative to other cities on this list. But 25.7 percent of its residents struggle to make ends meet.

Breaking down the expenses

The cheapest cities to live in have the lowest average of combined expenses, but that doesn’t mean everything is cheap. For example, Kalamazoo is the sixth-cheapest city in the U.S. overall, but its transportation costs are higher than the national average.

To give you more context, we broke down each category of expenses to show you which cities are the cheapest and which are the most expensive.

Cheapest and most expensive cities for groceries

For grocery costs, C2ER included meat, dairy, produce, bakery, and other miscellaneous grocery products. Here are the cheapest and most expensive cities for grocery costs based on the national average:

Cheapest cities to live in for groceries

  • Jackson-Madison County, Tennessee: 20.8 percent below the national average
  • Kalamazoo, Michigan: 19.4 percent below the national average
  • Harlingen, Texas: 19.3 percent below the national average
  • Temple, Texas: 19.2 percent below the national average
  • McAllen, Texas: 18.6 percent below the national average

Most expensive cities to live in for groceries

  • Honolulu, Hawaii: 55.4 percent above the national average
  • Hilo, Hawaii: 51.8 percent above the national average
  • Kodiak, Alaska: 50.1 percent above the national average
  • New York City, New York (Manhattan): 45.1 percent above the national average
  • Juneau, Alaska: 38.1 percent above the national average

Cheapest and most expensive cities for housing

Housing costs were based on rent and mortgage payments only; they didn’t include insurance or other costs of renting or owning.

Cheapest cities to live in for housing

  • Ashland, Ohio: 41.5 percent below the national average
  • McAllen, Texas: 39.7 percent below the national average
  • Lima, Ohio: 39.6 percent below the national average
  • Decatur-Hartselle, Alabama: 39.3 percent below the national average
  • Richmond, Indiana: 39 percent below the national average

Most expensive cities to live in for housing

  • New York City, New York (Manhattan): 384.5 percent above the national average
  • San Francisco, California: 257.9 percent above the national average
  • New York City, New York (Brooklyn): 222.5 percent above the national average
  • Honolulu, Hawaii: 198.5 percent above the national average
  • Orange County, California: 155.4 percent above the national average

Cheapest and most expensive cities for utilities

C2ER looked at all energy and home telephone costs but didn’t consider mobile phones in that calculation.

Cheapest cities to live in for utilities

  • Pueblo, Colorado: 27.1 percent below the national average
  • Provo-Orem, Utah: 26.7 percent below the national average
  • Lincoln, Nebraska: 26.7 percent below the national average
  • Tupelo, Mississippi: 26.2 percent below the national average
  • Columbus, Ohio: 25.7 percent below the national average

Most expensive cities to live in for utilities

  • Fairbanks, Alaska: 123.9 percent above the national average
  • Hilo, Hawaii: 112.4 percent above the national average
  • Honolulu, Hawaii: 94.8 percent above the national average
  • Boston, Massachusetts: 38.8 percent above the national average
  • Manchester, New Hampshire: 32.9 percent above the national average

Cheapest and most expensive cities for transportation

For this category, only gas prices and the cost of auto maintenance were included in the calculation.

Cheapest cities to live in for transportation

  • Thomasville-Lexington, North Carolina: 25.4 percent below the national average
  • Martinsville-Henry County, Virginia: 21.1 percent below the national average
  • Muskogee, Oklahoma: 19.1 percent below the national average
  • Augusta-Aiken, Georgia: 19.1 percent below the national average
  • Columbia-Maury County, Tennessee: 17.1 percent below the national average

Most expensive cities to live in for transportation

  • Hilo, Hawaii: 45.8 percent above the national average
  • Orange County, California: 36.1 percent above the national average
  • San Francisco, California: 34.5 percent above the national average
  • Olympia, Washington: 33.7 percent above the national average
  • Seattle, Washington: 32.2 percent above the national average

Cheapest and most expensive cities for health care

To get to the basics of health care costs, C2ER focused on the cost of an office visit for various physicians and over-the-counter and prescription drugs.

Cheapest cities to live in for health care

  • McAllen, Texas: 25.3 percent below the national average
  • Richmond, Indiana: 23.3 percent below the national average
  • Wilkes-Barre, Pennsylvania: 22.1 percent below the national average
  • Florence, Alabama: 21.6 percent below the national average
  • Jonesboro, Arkansas: 18.9 percent below the national average

Most expensive cities to live in for health care

  • Juneau, Alaska: 55.3 percent above the national average
  • Fairbanks, Alaska: 52.2 percent above the national average
  • Anchorage, Alaska: 41.9 percent above the national average
  • Kodiak, Alaska: 37.2 percent above the national average
  • Boston, Massachusetts: 32.5 percent above the national average

Consider all factors to see how far your income will go

The cost of living for a city is more than one number. Breaking down the cost into separate categories can help you understand which factors make up the whole.

It’s also important to understand that the fact that a city has relatively inexpensive costs doesn’t mean those costs are affordable. Low income levels can make it hard for residents to get by, and the cheapest cities to live in all have above-average poverty rates.

So, before you plan to move to one of these cities, consider the decision from every angle to determine if it’s the right choice for you.

Methodology: These rankings were based on data from the Council for Community and Economic Research (C2ER) for 253 urban areas across the United States, including Puerto Rico.

For added context, we also included population, income, and poverty data from the U.S. Census Bureau; housing cost data tabulated from C2ER in the second quarter of 2017; November 2017 unemployment rate data for available cities and December 2017 unemployment rate data for the national average from the U.S. Bureau of Labor Statistics; unemployment rate data from various sources for other cities; November 2017 median home listing prices for cities; national median home listing prices from Zillow; and median monthly rent costs from Trulia.

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6 Important Disclosures for Citizens Bank.

Citizens Bank Disclosures

  1. Education Refinance Loan Rate DisclosureVariable rate, based on the one-month London Interbank Offered Rate (“LIBOR”) published in The Wall Street Journal on the twenty-fifth day, or the next business day, of the preceding calendar month. As of August 1, 2018, the one-month LIBOR rate is 2.07%. Variable interest rates range from 2.57%-8.17% (2.57%-8.17% APR) and will fluctuate over the term of the borrower’s loan with changes in the LIBOR rate, and will vary based on applicable terms, level of degree earned and presence of a cosigner. Fixed interest rates range from 3.75%-8.69% (3.75%-8.69% APR) based on applicable terms, level of degree earned and presence of a cosigner. Lowest rates shown require application with a cosigner, are for eligible, creditworthy applicants with a graduate level degree, require a 5-year repayment term and include our Loyalty discount and Automatic Payment discounts of 0.25 percentage points each, as outlined in the Loyalty and Automatic Payment Discount disclosures. The maximum variable rate on the Education Refinance Loan is the greater of 21.00% or Prime Rate plus 9.00%. Subject to additional terms and conditions, and rates are subject to change at any time without notice. Such changes will only apply to applications taken after the effective date of change. Please note: Due to federal regulations, Citizens Bank is required to provide every potential borrower with disclosure information before they apply for a private student loan. The borrower will be presented with an Application Disclosure and an Approval Disclosure within the application process before they accept the terms and conditions of their loan.
  2. Federal Loan vs. Private Loan Benefits: Some federal student loans include unique benefits that the borrower may not receive with a private student loan, some of which we do not offer with the Education Refinance Loan. Borrowers should carefully review their current benefits, especially if they work in public service, are in the military, are currently on or considering income based repayment options or are concerned about a steady source of future income and would want to lower their payments at some time in the future. When the borrower refinances, they waive any current and potential future benefits of their federal loans and replace those with the benefits of the Education Refinance Loan. For more information about federal student loan benefits and federal loan consolidation, visit http://studentaid.ed.gov/. We also have several resources available to help the borrower make a decision at http://www.citizensbank.com/EdRefinance, including Should I Refinance My Student Loans? and our FAQs. Should I Refinance My Student Loans? includes a comparison of federal and private student loan benefits that we encourage the borrower to review.
  3. Citizens Bank Education Refinance Loan Eligibility: Eligible applicants may not be currently enrolled, must be in repayment of their existing student loan(s) and must make the minimum number of payments after leaving school. Primary borrowers must be a U.S. citizen, permanent resident or resident alien with a valid U.S. Social Security Number residing in the United States. Resident aliens must apply with a co-signer who is a U.S. citizen or permanent resident. The co-signer (if applicable) must be a U.S. citizen or permanent resident with a valid U.S. Social Security Number residing in the United States. For applicants who have not attained the age of majority in their state of residence, a co-signer will be required. Citizens Bank reserves the right to modify eligibility criteria at anytime. Interest rate ranges subject to change. Education Refinance Loans are subject to credit qualification, completion of a loan application/consumer credit agreement, verification of application information, certification of borrower’s student loan amount(s) and highest degree earned.
  4. Loyalty Discount Disclosure: The borrower will be eligible for a 0.25 percentage point interest rate reduction on their loan if the borrower or their co-signer (if applicable) has a qualifying account in existence with us at the time the borrower and their co-signer (if applicable) have submitted a completed application authorizing us to review their credit request for the loan. The following are qualifying accounts: any checking account, savings account, money market account, certificate of deposit, automobile loan, home equity loan, home equity line of credit, mortgage, credit card account, or other student loans owned by Citizens Bank, N.A. Please note, our checking and savings account options are only available in the following states: CT, DE, MA, MI, NH, NJ, NY, OH, PA, RI, and VT and some products may have an associated cost. This discount will be reflected in the interest rate disclosed in the Loan Approval Disclosure that will be provided to the borrower once the loan is approved. Limit of one Loyalty Discount per loan and discount will not be applied to prior loans. The Loyalty Discount will remain in effect for the life of the loan.
  5. Automatic Payment Discount Disclosure: Borrowers will be eligible to receive a 0.25 percentage point interest rate reduction on their student loans owned by Citizens Bank, N.A. during such time as payments are required to be made and our loan servicer is authorized to automatically deduct payments each month from any bank account the borrower designates. Discount is not available when payments are not due, such as during forbearance. If our loan servicer is unable to successfully withdraw the automatic deductions from the designated account three or more times within any 12-month period, the borrower will no longer be eligible for this discount.
  6. Co-signer Release: Borrowers may apply for co-signer release after making 36 consecutive on-time payments of principal and interest. For the purpose of the application for co-signer release, on-time payments are defined as payments received within 15 days of the due date. Interest only payments do not qualify. The borrower must meet certain credit and eligibility guidelines when applying for the co-signer release. Borrowers must complete an application for release and provide income verification documents as part of the review. Borrowers who use deferment or forbearance will need to make 36 consecutive on-time payments after reentering repayment to qualify for release. The borrower applying for co-signer release must be a U.S. citizen or permanent resident. If an application for co-signer release is denied, the borrower may not reapply for co-signer release until at least one year from the date the application for co-signer release was received. Terms and conditions apply.
  7. Estimated average savings amount is based on 14,659 Education Refinance Loan customers who saved on loans between August 1, 2017 and July 31, 2018. The calculation is derived by averaging monthly savings across Education Refinance Loan customers whose payment amounts decreased after refinancing, calculated by taking the monthly payment prior to refinancing minus the monthly payment after refinancing. We excluded monthly savings from customers that exceeded $4,375 and were lower than $20 to minimize risk of data error skewing the savings amounts. Savings will vary based on interest rates, balances and remaining repayment term of loans to be refinanced. Borrower’s overall repayment amount may be higher than the loans they are refinancing even if monthly payments are lower.

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