- Realtor.com identified nan apical 10 places successful nan US pinch nan lowest costs of living.
- The ranking considered really overmuch residents salary for homes arsenic good arsenic expenses for illustration nutrient and gas.
- Small cities successful nan South and Midwest predominate nan list, pinch a Texas metropolis taking nan apical spot.
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While ostentation successful nan United States is gradually easing, galore group person yet to tangibly consciousness overmuch relief.
Since ostentation reached a 40-year precocious successful 2022, prices for mundane expenses successful nan US — including gas, food, entertainment, and lodging — person accrued significantly. Although prices are opening to moderate, galore American households still find themselves struggling with debt, surviving from paycheck to paycheck, aliases severely cost-burdened, meaning they walk complete 30% of their income connected housing.
While nan costs of surviving varies wide from authorities to authorities and metropolis to city, respective spots crossed nan US tin connection residents a comfortable modular of surviving pinch prices that don't break nan bank.
To find nan US cities pinch nan lowest costs of living, nan economical investigation squad astatine Realtor.com analyzed nan latest location value parity information from nan Bureau of Economic Analysis connected nan costs of various items, including food, housing, aesculapian care, transportation, and different equipment and services,
The investigation squad recovered that nan US cities pinch nan lowest costs of surviving are chiefly smaller spots successful nan South and Midwest — pinch 2 successful Texas and 3 successful Ohio — reinforcing these regions' existing estimation arsenic affordable places to live.
While little prices for necessities specified arsenic food, clothing, and utilities play a cardinal domiciled successful affordability, a cardinal facet is nan substantially little location prices successful these smaller towns.
"Home prices successful these areas were $100,000 aliases much beneath nan nationalist median successful September," Hannah Jones, elder economical investigation expert astatine Realtor.com, said successful nan report. The US median database location value decreased by 1% twelvemonth complete twelvemonth to $425,000 successful September, nan institution said.
Below are nan 10 US cities pinch nan lowest costs of living.
10. El Paso, Texas
- What residents salary for $100 of necessities: $91.21
- Median location price: $298,125
9. Birmingham, Alabama
- What residents salary for $100 of necessities: $91.15
- Median location price: $300,000
8. Akron, Ohio
- What residents salary for $100 of necessities: $92.05
- Median location price: $230,000
7. Tulsa, Oklahoma
- What residents salary for $100 of necessities: $90.53
- Median location price: $325,000
6. Dayton, Ohio
- What residents salary for $100 of necessities: $91.39
- Median location price: $250,000
5. Scranton, Pennsylvania
- What residents salary for $100 of necessities: $91.90
- Median location price: $243,450
4. Toledo, Ohio
- What residents salary for $100 of necessities: $90.18
- Median location price: $237,450
3. Little Rock, Arkansas
- What residents salary for $100 of necessities: $89.15
- Median location price: $291,000
2. Wichita, Kansas
- What residents salary for $100 of necessities: $89.16
- Median location price: $292,700
1. McAllen, Texas
- What residents salary for $100 of necessities: $86.92
- Median location price: $275,000