Tags: lifestyle | affordable housing | economy

These Are the 10 Cheapest Places to Live in the US ...

Downtown Fort Smith, Arkansas
Downtown Fort Smith, Arkansas (Tamara Lee Harding/Dreamstime.com)

By    |   Monday, 22 July 2019 08:34 AM

Affordable living is starting to sound like a massive contradiction. Americans are paying more for everyday items and those prices continue to rise. Food prices alone have been steadily increasing by 2.6% a year over the last decade, The Balance noted.

However, your dollar will go a lot further in certain cities, Reader's Digest found when it set out to determine which are the cheapest cities in the U.S. to live in. Here are 10 of those cities:

  1. Florence, Alabama. The average apartment rental comes in at just $401 a month, making Florence the city with the lowest rental fees and one of the cheapest places to live in the U.S.
  2. Enid, Oklahoma.The average one-bedroom apartment can be rented for roughly $443 a month. Furthermore, the median home price is just over $97,000, making the city one of the most affordable in the U.S.
  3. Siloam Springs, Arkansas. Surrounded by the Ozark Mountains, Siloam Springs residents are paying an average of $460 a month to rent an apartment. Meanwhile, the median home price is just $153,500.
  4. Charleston, Illinois. Cost of living tends to be lower in smaller towns, as is the case in the Lake Charleston town Charleston. The average rental is $464 a month while the median home prices are $95,700. Residents also save on fuel, as the commute to work is much shorter than many other cities.
  5. Lawton, Oklahoma. A low average rental of $475, combined with a median home price of $124,500 and low average commute time makes Lawton another one of the cheapest cities in the U.S. to live in.
  6. Fort Smith, Arkansas. Although it is the second-largest city in the state, that has not affected the affordability of living in Fort Smith, where the average rent comes in just below $500 a month and the median home value is $109,000.
  7. Asheboro, North Carolina. Surrounded by the natural beauty of Uwharrie Mountains, well-known museums, and other attractions, North Carolina maintains its affordable living through its low-cost housing options.
  8. Newburgh, Indiana. The small Ohio River town boasts a population of just 3,000 people, which could explain its low median home price of $200,000.
  9. Decatur, Alabama. Very few cities offer one-bedroom apartments to rent at $508. However, in Decatur where the median home price is $179,950, this is a reality.
  10. Waynesville, Missouri. Nestled in the middle of the stunning Ozarks lies one of the cheapest cities in the U.S. to live in — Waynesville. Here, you can expect to rent an apartment for about $510 per month. Meanwhile, the median home value is roughly $184,000.

© 2019 Newsmax. All rights reserved.

   
1Like our page
2Share
TheWire
Affordable living is starting to sound like a massive contradiction because of rising prices, but your dollar will go a lot further in certain U.S. cities.
lifestyle, affordable housing, economy
425
2019-34-22
Monday, 22 July 2019 08:34 AM
Newsmax Media, Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved