5 Most Affordable Places to Live
5 Most Affordable Places to Live
If you want to live frugally, head South or Southwest, according to Kiplinger's latest annual list of cheapest U.S. cities to live.
Texas, known for its affordable housing, had the most cities in the Top 10 list.
Kiplinger compiled its list by factoring in living expenses of metro areas, including the costs of housing, utilities, transportation, groceries, health care, and more.
The top five most affordable places making its list:
1. Harlingen, Texas
Average home price: $229,558
Median household income: $34,748
2. Memphis, Tenn.
Average home price: $180,375
Median household income: $36,473
3. McAllen, Texas
Average home price: $178,000
Median household income: $39,547
4. Fayetteville, Ark.
Average home price: $228,200
Median household income: $37,113
5. Temple, Texas
Average home price: $206,602
Median household income: $47,240
See what other cities made Kiplinger’s Top 10 list.
Source: “10 Cheapest U.S. Cities to Live,” Kiplinger (June 2012)
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