Proximity to the mighty Mississippi River makes Memphis a hub for the shipping and transportation industries. Take Mississippi, the cheapest state in the country this year according to MIT’s Living Wage data. Utilities, however, run almost 5% more than the U.S. average. Housing-related costs are about 45% below the national average, and a large reason why Joplin's among the five cheapest U.S. cities to live in. President-elect Joe Biden and others in Congress are pushing for a third-round of stimulus checks, but it might be a while before we get them. Nearby Hartselle, about 10 miles south, shares the charms of its neighbor to the north. For many, the drawcard to live in the hustle and bustle of our big cities is for new opportunities. The state offers over 50 colleges and universities and is known for its great sense of community. It can be hard to find a balance between the quality of life vs. the cost of living in a lifestyle. Living in any of these states will allow you to save more of every dollar that you earn. However, just about everything, from groceries to gasoline, costs less in Harlingen. Financer.com ("we") is not a lender, a financial advisor or any kind of financial institution. The state ranked second for the “best place for children” list released by SmartAsset. … About 120 miles south of Chicago sits Danville, Ill., a small, unassuming city that was once the home of Dick Van Dyke, Gene Hackman, Donald O'Connor and Bobby Short. With low housing costs and strong employment owning your own home may become a reality sooner living in Tennessee.Compare personal loan rates here. A visit to the doctor is in line with the national average, but other specialties are appreciably more affordable. Decatur's economy benefits from being the busiest port on the Tennessee River, and from NASA's Marshall Space Flight Center in nearby Huntsville. It's also home to Missouri State University. The Cost of Living index calculates the average cost of living at 100. Morristown is steeped in frontier history. And McAllen isn't just affordable – it's the cheapest American city to live in, according to the Cost of Living Index. (At the metro level, which includes Portage, Michigan, the figure comes to 15%.) It's home to both the University of Southern Mississippi – Southern Miss to locals – and William Carey University, a Baptist liberal arts college. Here is our Top 10 List of Cheapest States To Live In based on 2 adults working in a household of 4 people. She now focuses her energy on helping others achieve financial freedom through smart money management and investment opportunities. Today, major employers include the U.S. Department of Veterans Affairs, grocery distributor McLane/Midwest and Blue Cross Blue Shield. Housing costs, for example, run more than 20% below the national average. Residents do not have to pay any income tax and housing can cost less than $1000 a month. But the biggest way folks in this part of the Texas Panhandle save money is by what they spend on housing. Fayetteville benefits from being the home of the gargantuan University of Arkansas, and it also doesn't hurt that Walmart (WMT), the world's largest retailer, is headquartered in nearby Bentonville. It is the 5th least populated state in the country, so vast open spaces and a small-town feel will have to be what you are into. We simply compare financial products and services to help users save money and time. That's not to say that tiny Seguin is without its own charms. The Cheapest Places to Retire in America If you want to retire more comfortably, you might need to live in a place with a lower cost of living. Living in a state where there is a lower living wage will allow more of your income to become available for investment. Arkansas has a mild climate, which can be a big drawcard to those who don’t like drastic changes in temperatures. The pandemic recession has clobbered the local economy, but there's good work if you can get it. The "City of Seven Hills" makes this list of cheapest U.S. cities to live in largely because its residents spend nearly a fifth less than the national average on housing costs. Nationally, a doctor's visit costs $115.67. Apartment rents are about 22% cheaper and average home prices are a little more than half the national level. Its two major hospitals serve a four-state area that includes Kansas, Oklahoma and Arkansas. Ponca City, Okla. Getty Images. And, yet, as a metro area with 1.4 million people, Oklahoma City offers a lot of big-city attractions, from a philharmonic orchestra to the National Softball Hall of Fame and Museum. The city was a strategic objective in the Civil War, so history buffs can visit a number of battlefields nearby, too. The median home value in Harlingen is a striking $150,000 less than the U.S. median. The city's proximity to the Mountain Longleaf National Wildlife Refuge makes it a good jumping off point for hikers, mountain bikers and other outdoorsy types. Beer costs about 5% more on average, too. Plan an extended visit to ensure the city fits your needs. The 10 Least Tax-Friendly States in the U.S. 31 Best Amazon Prime Benefits to Use in 2020, 19 Smart Ways to Prepare for a Financial Emergency, 13 Tax Breaks for Homeowners and Home Buyers, 7 States That Are Better Than Florida for Retirement, 7 Surprisingly Valuable Assets for a Happy Retirement. Here is MIT’s full list of the most affordable states to live … Utilities do cost a little more than the national average, for instance. Where To Go When You Need Help Paying Rent. The Holbrook Arizona is a city in Navajo County its also listed in the top cheapest places to live in the US because of its low population and low costs of a mortgage. But a diversity of businesses and industries makes Lynchburg more than just a college town. Comment below. Less traffic, more clean air, cheaper housing, and even fewer taxes in some states are a drawcard. To use our website you need to agree to our Terms and Conditions and Privacy Policy. Perhaps most impressively, Abraham Lincoln spent 18 years practicing law in Danville. Housing-related costs including mortgages and rents in Decatur are about 15% cheaper than the national average. C… While Conway's median home value is the second-highest among the 25 cheapest U.S. cities to live in, the figure is still below the U.S. median, and housing-related expenses, including utilities, are modest. A typical apartment in Memphis rents for about $350 a month less than the national average. To find out more about what cookies we use you can go to privacy overview. Smaller cities or towns can still offer an excellent education, healthcare, and community spirit, along with an increase in your quality of living. Big cities, great music, and incredible food. South Texas border towns are known for low costs of living, but not always for happy reasons. She has gained years of experience in small business management and has two successful start-ups under her belt. Industry leaders include technology, energy, natural gas, and oil—even the state’s capitol building sits above an oil well. But whether you're a doctor or truck driver, Temple won't overburden your bank account. Danville was a coal-mining center for the first half the 20th century, but that industry petered out after World War II. Is one of the cheapest cities in the U.S. right for you? Kansas consistently ranks among the cheapest places to live in the US – food costs are about 9% lower than the national average and housing and transportation costs are also quite low. Today, we’re going to talk about the cheapest – or most affordable – places you can live in … But this city situated 140 miles northwest of Dallas claims other distinctions, too. The poverty rate in the McAllen-Edinburg-Mission metro area is 30.5%. The Ned R. McWherter West Tennessee Cultural Arts Center, the West Tennessee Healthcare Sportsplex and the International Rock-A-Billy Hall of Fame Museum are just three of the city's main attractions. The city's economy has held up pretty well in the recession, too. Average home prices come to about $261,000 – an amount that would elicit screams from people who live in the most expensive U.S. cities. Financer.com is a global comparison service simplifying your choices when you need to borrow or save money. That's about twice the poverty rate for Texas as a whole. There's no charge to visit on the second Saturday of each month. And when you feel the need to escape to a big city, Memphis is a little more than an hour's drive from Jonesboro (more on the budget-friendly charms of Memphis later). McAllen, which is about 30 miles west of Harlingen on the Rio Grande, may be a cheap place to live, but it comes at a price. We are in 26 financial markets around the world, We use cookies to give you the most relevant experience. Housing-related expenses are 35% less than what the average American pays. Holbrook Arizona. Cookie information is stored in your browser and performs functions such as recognizing you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful. The city doesn't lack for leisure activities either. Wichita Falls is home to the Professional Wrestling Hall of Fame & Museum, boasts the "world's littlest skyscraper" and allows servicemen and civilians alike to really stretch their paychecks. Median home value: $130,900 South Texas border towns are known for low costs of living, but not... 2. Housing costs are 45% lower the national average, while health care is 70% less. 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