Small towns don’t have a monopoly on low living costs. In our search for the cheapest places to live in the U.S., we found three big cities that rank surprisingly high for affordability. Is one of these sizable cities right for you?
Indianapolis
City Population: 853,173
Cost of Living: 16.2% below U.S. average
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Median Household Income: $41,987 (U.S.: $53,889)
Median Home Value: $118,300 (U.S.: $178,600)
Average Monthly Rent: $690 (U.S.: $1,004)
Unemployment Rate: 4.0% (U.S.: 4.9%)
Highlight: Indianapolis Motor Speedway
Memphis
City Population: 655,770
Cost of Living: 17.0% below U.S. average
Median Household Income: $36,445 (U.S.: $53,889)
Median Home Value: $94,000 (U.S.: $178,600)
Average Monthly Rent: $685 (U.S.: $1,004)
Unemployment Rate: 5.3% (U.S.: 4.9%)
Highlight: Graceland
Oklahoma City
City Population: 631,346
Cost of Living: 15.5% below U.S. average
Median Household Income: $47,779 (U.S.: $53,889)
Median Home Value: $138,600 (U.S.: $178,600)
Average Monthly Rent: $818 (U.S.: $1,004)
Unemployment Rate: 4.2% (U.S.: 4.9%)
Highlight: NBA’s Oklahoma City Thunder
See the full list of the cheapest U.S. cities to live in.
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