One of the metrics typically used to determine the affordability of any given city is the cost of living index. As you go about reviewing your potential housing options, keep in mind that the baseline score for a town on a cost of living index is 100. Amounts above or below this baseline figure suggest that a city is more or less expensive to live in, respectively. By way of illustration (and as you’ll see below), areas with an index score below 100 are generally less expensive to live in than most areas with a score of 100 or above. All but one city on this list have costs of living well below 100. Arkansas State University’s campus and a thriving downtown, as well as numerous fishing, hiking, and camping hotspots, make Jonesboro a haven for city dwellers and outdoor lovers alike. While the University provides educational entertainment, the Forrest L. Wood Crowley's Ridge Nature Center features pleasant views, native plants and live animal encounters. Conway is nestled in the Little Rock-North Little Rock area, close to three colleges (Central Baptist, Hendrix, and the University of Central Arkansas). It’s also home to 11 parks, two lakes and the Arkansas Shakespeare Theater. You’ll find the cost of health care, transportation and groceries almost as affordable as housing expenses here, making it an attractive move option. Decatur is a hotbed of manufacturing and agriculture activity and serves as home to many students from Millikin University and Richland Community College. Houses go for significantly lower than the national average, rendering it an especially affordable place to live. NFL fans who move to Green Bay will enjoy proximity to the legendary Lambeau Field, while others will celebrate a thriving culture scene and a revamped downtown area. A surprising energy infuses the community, which blends a small-town vibe with the perks of big city living. An upwardly mobile town that nicely splits the difference between city and suburb, Greenville offers a low cost of living. It’s also a thriving college area complete with dining, arts and cultural opportunities aplenty to enjoy – not to mention job opportunities as well.1. Jonesboro, Arkansas
2. Conway, Arkansas
3. Decatur, Illinois
4. Green Bay, Wisconsin
5. Greenville, North Carolina
- Population: 231,400
- Cost of living index: 00
- Median income: $50,120
- Monthly homeowner costs: $921
- Median rent: $837
- Percent of yearly income spent on housing: 16%
6. Springdale, Arkansas
Springdale boasts a welcoming, if generally quiet, suburban vibe and feel, which is likely why a mix of young professionals and families proudly call the area home. Despite the city’s good-sized population, you’ll find that it offers an inviting small town feel and strong sense of community.
- Population: 256,600
- Cost of living index: 80
- Median income: $59,027
- Monthly homeowner costs: $891
- Median rent: $995
- Percent of yearly income spent on housing: 5%
7. Cedar Rapids, Iowa
Cedar Rapids residents enjoy access to great schools, a thriving arts and entertainment scene and dozens of nearby parks. Residents and tourists can explore a unique and popular attraction, The District: Czech Village & New Bohemia, two neighborhoods filled with restaurants, live music and an exciting art scene.
- Population: 173,200
- Cost of living index: 30
- Median income: $64,435
- Monthly homeowner costs: $835
- Median rent: $625
- Percent of yearly income spent on housing: 6%
8. Columbia, Missouri
Apart from loads of college sports tailgating, the so-called “Athens of the West” boasts attractive architectural flourishes and classical styling alongside modernized health care facilities and entertainment options. Clean, neat and quiet, it’s a peaceful escape from larger cities that still offers many perks.
- Population: 271,800
- Cost of living index: 00
- Median income: $58,067
- Monthly homeowner costs: $968
- Median rent: $850
- Percent of yearly income spent on housing: 8%
9.Lawton, Oklahoma
Families will especially appreciate Lawton’s access to 19 parks and a safe, welcoming living environment. As with other towns in Oklahoma, it boasts a generally lower cost of living that can help you keep your budget requirements down as well.
- Population: 121,100
- Cost of living index: 40
- Median income: $50,969
- Monthly homeowner costs: $918
- Median rent: $600
- Percent of yearly income spent on housing: 1%
10. Ankeny, Iowa
Working professionals with an active lifestyle and budding families will be drawn to Ankeny’s small-town charm. Beyond the local arts and music scene, you can enjoy easy access to a number of biking and walking trails on which to take in the natural scenery.
- Population: 300,600
- Cost of living index: 00
- Median income: $103,578
- Monthly homeowner costs: $1,327
- Median rent: $1,010
- Percent of yearly income spent on housing: 13%
11. West Des Moines, Iowa
Retirees and families alike will appreciate the city’s safe environment and range of dining and activity options. In addition to its affordable home prices, the town has also been nationally recognized for its wealth of nearby jobs and shopping options.
- Population: 296,200
- Cost of living index: 00
- Median income: $85,731
- Monthly homeowner costs: $1,211
- Median rent: $1,180
- Percent of yearly income spent on housing: 11%
12. Davenport, Iowa
Although Davenport is an industrial hotspot, the river city is celebrated for its attractive neighborhoods, thriving job market and friendly locals. You’ll also enjoy a range of potential housing options at low prices and cheaper cost of living than the national average.
- Population: 161,800
- Cost of living index: 70
- Median income: $54,630
- Monthly homeowner costs: $904
- Median rent: $743
- Percent of yearly income spent on housing: 5%
13. Norman, Oklahoma
Suburban in nature and located in proximity to Oklahoma University, you’ll find many different types of activities at-hand for kids and adults. If you’re into dining, attractions or outdoor activities, all can be enjoyed at reasonable prices in town.
- Population: 244,700
- Cost of living index: 20
- Median income: $61,030
- Monthly homeowner costs: $1,020
- Median rent: $825
- Percent of yearly income spent on housing: 1%
14. Augusta, Georgia
Known for a diverse range of neighborhoods and its solid choice of dining options, Augusta offers generally pleasant weather, numerous amenities and a vibrant community. It’s been rated among the top metropolitan areas in Georgia where families and working pros come to live.
- Population: 202,596
- Cost of living index: 60
- Median income: $49,838
- Monthly homeowner costs: $1,159
- Median rent: $986
- Percent of yearly income spent on housing: 7%
15. Edmond, Oklahoma
Among the nation’s safest cities, Edmond has many perks that include parks, outdoor facilities and top-notch schools in addition to various shopping and dining choices. Be sure to stop by the historic downtown and take advantage of the city’s minimal commute times as well.
- Population: 345,100
- Cost of living index: 20
- Median income: $102,896
- Monthly homeowner costs: $1,318
- Median rent: $930
- Percent of yearly income spent on housing: 11%
16.Peoria, Illinois
With a feel akin to a large suburb, you’ll find no shortage of bars, restaurants and parks in this popular stopover. A riverfront setting also adds to Peoria’s charm, as does a thriving economy and mix of affordable housing opportunities.
- Population: 151,400
- Cost of living index: 60
- Median income: $55,955
- Monthly homeowner costs: $919
- Median rent: $700
- Percent of yearly income spent on housing: 6%
17. Tuscaloosa, Alabama
Tuscaloosa’s amenities make it a top choice for homebuyers looking for a location with parks, bars and the opportunity to hang out with young professionals. Home to the biggest public university in the state – the University of Alabama – it makes a great spot to land, especially if you’re a fan of college football.
- Population: 297,600
- Cost of living index: 10
- Median income: $49,005
- Monthly homeowner costs: $955
- Median rent: $811
- Percent of yearly income spent on housing: 6%
18. Greensboro, North Carolina
From coffee shops and restaurants to grocery stores and shopping centers, it’s all within reach in Greensboro. Offering a mix of Southern charm, deep-seated history and a vibrant cultural backdrop, you’ll find no lack of things to keep you busy in town, or in neighboring Winston-Salem.
- Population: 301,118
- Cost of living index: 25
- Median income: $55,120
- Monthly homeowner costs: $1,221
- Median rent: $1,081
- Percent of yearly income spent on housing: 2%
19. Lynchburg, Virginia
Given the town’s proximity to the James River and Blue Ridge Mountains, Lynchburg is known for offering a comfy blend of natural attractions and city life. Lots of sunshine and a generally healthy lifestyle prove popular selling points in addition to a lower cost of living.
- Population: 215,200
- Cost of living index: 60
- Median income: $49,076
- Monthly homeowner costs: $937
- Median rent: $1,005
- Percent of yearly income spent on housing: 8%
20. Winston-Salem, North Carolina
It’s hard to beat the Winston-Salem area when it comes to education, with many top-ranked universities and the celebrated UNC School of Arts nearby. Pairing urban perks with a low cost of living and easy access to green spaces, the town’s general overall affordability is just one of many benefits of moving to the area.
- Population: 251,343
- Cost of living index: 25
- Median income: $54,195
- Monthly homeowner costs: $1,303
- Median rent: $1,011
- Percent of yearly income spent on housing: 2%
21. Broken Arrow, Oklahoma
Rated as one of the best places to live in America, Broken Arrow is praised for its safe neighborhoods, high general quality of life, fast-growing community and affordable homes. The popular Broken Arrow Performing Arts Center also tends to draw a crowd.
- Population: 236,600
- Cost of living index: 50
- Median income: $79,075
- Monthly homeowner costs: $1,212
- Median rent: $1,111
- Percent of yearly income spent on housing: 15%
22. Fayetteville, Arkansas
Loads of people are moving to Fayetteville to enjoy the area’s gorgeous natural scenery, spend time with its friendly residents and stop by the flagship campus of the University of Arkansas. Top-ranked public schools in academics and athletic pursuits don’t hurt either.
- Population: 323,500
- Cost of living index: 80
- Median income: $52,991
- Monthly homeowner costs: $927
- Median rent: $1,050
- Percent of yearly income spent on housing: 5%
23. Fargo, North Dakota
You could thank the wealth of outdoor recreational options, strong education system and cheerful community for Fargo’s continuing popularity. Or you could recognize the city’s flourishing arts scene and strong economy. Whatever the case, just know that many families seeking a welcoming and affordable place to live may be happy to call the area home.
- Population: 257,500
- Cost of living index: 50
- Median income: $59,698
- Monthly homeowner costs: $872
- Median rent: $750
- Percent of yearly income spent on housing: 1%
24. Ames, Iowa
Ames is a safe and clean place to stroll around and you’ll find that green spaces and outdoor recreation options abound nearby. Home to Iowa State University, residents also celebrate the college town’s solid range of dining and shopping options in addition to its overall affordability.
- Population: 253,300
- Cost of living index: 10
- Median income: $52,565
- Monthly homeowner costs: $885
- Median rent: $800
- Percent of yearly income spent on housing: 4%
25. Kenner, Louisiana
Dig seasonal events, outdoor concerts and a host of different playgrounds and parks to explore? Then you’ll enjoy this hidden gem, sandwiched between Lake Pontchartrain and the Mississippi River. There’s plenty to explore in Kenner, including a 16-block historic district and the only planetarium and megadome in the region.
- Population: 257,000
- Cost of living index: 60
- Median income: $56,906
- Monthly homeowner costs: $1,092
- Median rent: $750
- Percent of yearly income spent on housing: 8%
