Big cities offer more employment opportunities, more things to do and more people to meet than smaller towns. But they also have drawbacks, from congestion and crime to high costs. That’s why a big city with a small price tag is uniquely appealing; offering urban perks without urban expenses.
We identified the U.S. cities with populations above 250,000 that have the lowest living costs, like these:
Louisville
Louisville is Kentucky’s largest and arguably most important city, as home to three Fortune 500 companies: Humana, Yum Brands and Kindred Healthcare. Sports fans will enjoy watching the University of Louisville’s powerhouse men’s basketball team, and taking in a running of the Kentucky Derby at Churchill Downs.
Sign up for Kiplinger’s Free E-Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
It’s not all coming up roses for Louisville, though. The city has an above-average unemployment rate and the third-longest average commute among the top 10 most affordable big cities.
San Antonio
Forget the Alamo. The true claim to fame of San Antonio just might be its right to call itself “America’s Biggest Cheap City.” Often overshadowed, San Antonio actually has a bigger city population than Dallas or Austin–yet its living costs are much lower than either of its better-known Texas neighbors.
Speaking of the Alamo, entry to the downtown landmark is free, fitting for such an affordable place to live. There’s also no charge to stroll the nearby River Walk. A margarita can be found for just $3 during happy hour at one of the bars lining the water. Cheers!
Columbus
Despite being home to Ohio’s state capitol as well as multiple Fortune 500 corporations, Columbus has a small-town feel to go along with its small-town living costs.
Locals live and die by the fate of their beloved Ohio State University football team. You’ll pay a steep price for a seat in the stadium, though, so you may want to catch the game on TV, or take in other Ohio State sporting events—think volleyball, gymnastics and the like—for just $8 per ticket.
As one of Kiplinger’s 10 Best Cities for Cheapskates, Columbus offers many low-cost activities beyond OSU’s campus. The renowned Columbus Zoo charges seniors and residents half-price admission on selected days. The Ohio State Fair, which attracts more than 900,000 visitors every summer for pig races, fireworks, foods on a stick and more, charged $6 for advance-purchase tickets in 2014.
If none of these affordable places appeals to you, sneak a peek at seven more of the cheapest big cities in the U.S.
-
Should You Rent in Retirement?Making Your Money Last Renting isn't right for all retirees, but it does offer flexibility and it frees up cash.
-
Debit Cards vs Charge Cardscredit & debt Whether sticking to a budget or reaping big rewards, understand whether debit cards vs charge cards are right for you.
-
Four Smart Steps To Take Before Buying Your First Homehome Buying your first home can be daunting. Here are four things you need to do years before you start house-hunting to prepare financially for the biggest purchase of your life.
-
Five Big Steps to Buying Your First Homereal estate We told you how to prepare years ahead of your first home purchase. Now here is how to close the deal.
-
The 25 Cheapest Places to Live: U.S. Cities Editionplaces to live Have a look at the cheapest places to live in America for city dwellers. Is one of the cheapest places to live in the U.S. right for you?
-
Sharing His Path to SuccessStarting Out: New Grads and Young Professionals This Native American studied tech in the Air Force and landed his dream job. Now he’s giving back.
-
How Big Should My Emergency Fund Be?Brandon Copeland NFL linebacker and Kiplinger contributing editor Brandon Copeland discusses the importance of building an emergency fund.
-
PODCAST: How to Find a Job After Graduation, with Beth Hendler-GruntStarting Out: New Grads and Young Professionals Today’s successful job applicants need to know how to ace the virtual interview and be prepared to do good old-fashioned research and networking. Also, gas prices are high, but try a little global perspective.
