25 Cheapest Cities in the U.S.

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Mortgage and Lending with Fairway Independent Mortgage Corp Louisiana NMLS#2289 Equal Housing Lender NMLS 69996

A report issued Monday by the U.S. government showed core inflation rising 2.5 percent in the last 12 months for its biggest one-year gain since January 2010.  Everyday living is becoming expensive, it seems.  But there are some U.S. towns in which the cost of living remains affordable -- and downright cheap -- as compared to the national average. They're detailed in a BusinessWeek piece titled "The 25 Cheapest Cities In The U.S."

In comparing costs across 340 urban areas as compiled by the "Council of Community and Economic Research", cities in Texas, Arkansas, Tennessee and Oklahoma ranked consistently high. Cities in Hawaii did not.

Take note, though. Although the BusinessWeek piece highlights inexpensive cities in which to live, a low cost of living does not necessarily correlate to a high standard of living. Cost-leader Harlingen, Texas, for example, boasts a poverty rate nearly triple the national average.

 

Other "Inexpensive Cities" feature similar poverty rates.  The Top 10 "cheapest cities", as shown by BusinessWeek are:

Harlingen, Texas
Pueblo, Colorado
Pryor Creek, Oklahoma
McAllen, Texas
Cookeville, Tennessee
Commerce-Hunt County, Texas
Brownsville, Texas
Fort Smith, Arkansas
Muskogee, Oklahoma
Springfield, Illinois

family homeAnd, at the other end of the spectrum, the top 5 most expensive cities/areas were, in order, Manhattan, New York; Brooklyn, New York; Honolulu, Hawaii; San Francisco, CA; and Queens, New York.

Manhattan's cost of living is more than twice the national average. The complete list is available at "Top 25 Least Expensive Cities in the U.S."

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Rainer
232,822
Jimmy Katz
Sanders Team of Realty ONE Group - Alpharetta, GA
"REAL Solutions for Real Estate!"

very interesting.  i have been to or passed through several of these cheap cities, and they are cheap for a reason!!;)

Jun 29, 2011 04:33 AM #1
Rainmaker
430,474
Graziella Bruner
NCS Premier Real Estate - Detroit, MI
Associate Broker - Serving Wayne & Oakland County

Thanks for the info, it's always good to know where you can get things cheap and on sale, especially when you're traveling.

Jun 29, 2011 04:34 AM #2
Rainmaker
2,551,264
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Cheap may become the new norm because expensive isn't working any more....think about this James and thank you Louise

Jun 29, 2011 04:35 AM #3
Rainer
162,539
Louise Thaxton NMLS 69996
Fairway Independent Mortgage Corp Louisiana NMLS#2289 Equal Housing Lender - Leesville, LA
Military Mtg Specialist - 866-960-9115 VA FHA USDA

Good comments all, Graziella, James and Richie!

James - I know what you are saying - ".......a low cost of living does not necessarily correlate to a high standard of living...."

Richie - you may be RIGHT!

 

 

Jun 29, 2011 05:07 AM #4
Rainmaker
292,233
Rebekah Radice
Imagine WOW! Digital Marketing Agency - Burbank, CA
Social Media Marketing, Coaching & Training

Interesting that Pueblo,CO makes the list.  It's about an hour south of me and not an area I would ever want to live in.  I suspect this area is hurting because of their inability to evolve and keep up with the times.  It's sad to see but I'm sure this is similar to whats happening with many other cities across the county.

Jun 29, 2011 06:33 AM #5
Rainer
162,539
Louise Thaxton NMLS 69996
Fairway Independent Mortgage Corp Louisiana NMLS#2289 Equal Housing Lender - Leesville, LA
Military Mtg Specialist - 866-960-9115 VA FHA USDA

Rebekah - good insight into an area close by you.  Yes, it is sad to see areas such as this. 

Jun 29, 2011 07:38 AM #6
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Rainer
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