If you’re thinking about moving and unsure of where to settle, we’ve compiled a list of places that can help you save money without compromising on your lifestyle. Explore these budget-friendly cheapest places to live in the United States, where affordability and quality living go hand in hand.
Cheapest Places to Live in the United States 2024
Here is the ranked list of the Cheapest Places to Live in the United States.
1. Fort Wayne, Indiana
2. Huntsville, Alabama
3. Wichita, Kansas
4. Springfield, Missouri
5. Davenport, Iowa
6. Hickory, North Carolina
7. Montgomery, Alabama
8. Green Bay, Wisconsin
9. Little Rock, Arkansas
10. Oklahoma City, Oklahoma
1. Fort Wayne, Indiana
| Statistic | Value |
|---|---|
| City Population | 324,953 |
| Median Home Price | $169,485 |
| Median Monthly Rent | $1,078 |
| Median Age | 37 years old |
| Median Household Income | $71,507 |
| Unemployment Rate | 5.3% |
Fort Wayne, Indiana, has a population of 324,953. The median home price is $169,485, and the median monthly rent is $1,078. The median age in the city is 37 years, while the median household income is $71,507. The current unemployment rate stands at 5.3%.
Interesting Fact
- Fort Wayne is home to more than 80 parks, including one of the largest urban parks in the country, Franke Park, which spans 329 acres.
- Fort Wayne is known for its extensive trail system, with over 100 miles of trails connecting the city and its surrounding areas.
- The city hosts the annual Three Rivers Festival, which features a variety of events, including a popular parade and a large fireworks display.
In the ranking of the Cheapest Places to Live in the United States 2024, Fort Wayne is the 1st Cheapest Place to Live in the United States.
2. Huntsville, Alabama
| Statistic | Value |
|---|---|
| City Population | 237,887 |
| Median Home Price | $245,381 |
| Median Monthly Rent | $1,226 |
| Median Age | 40 years old |
| Median Household Income | $83,856 |
| Unemployment Rate | 4.57% |
Huntsville, Alabama, has a population of 237,887. The median home price in the city is $245,381, with a median monthly rent of $1,226. The median age of its residents is 40 years, and the median household income is $83,856. The city has an unemployment rate of 4.57%.
Interesting Fact
- Huntsville is known as “Rocket City” due to its close association with U.S. space missions. It is home to NASA’s Marshall Space Flight Center.
- The city features a botanical garden with a variety of themed gardens, including a Japanese garden and a butterfly house.
In the ranking of the Cheapest Places to Live in the United States 2024, Huntsville is the 2nd Cheapest Place to Live in the United States.
3. Wichita, Kansas
| Statistic | Value |
|---|---|
| City Population | 402,799 |
| Median Home Price | $173,799 |
| Median Monthly Rent | $1,097 |
| Median Age | 37 years old |
| Median Household Income | $71,484 |
| Unemployment Rate | 5.86% |
Wichita, Kansas, has a population of 402,799. The median home price is $173,799, while the median monthly rent is $1,097. The median age is 37 years, and the median household income is $71,484. The unemployment rate in the city is 5.86%.
Interesting Fact
- Wichita is known as the “Air Capital of the World” for its key role in the aviation industry. Companies like Boeing, Bombardier, and Spirit AeroSystems have significant operations there.
- Wichita is home to the Wichita State University, which has a nationally recognized program in engineering and business.
- The city hosts the annual Riverfest, a large festival celebrating the city’s history and culture with music, food, and activities along the Arkansas River.
In the ranking of the Cheapest Places to Live in the United States 2024, Wichita is the 3rd Cheapest Place to Live in the United States.
4. Springfield, Missouri
| Statistic | Value |
|---|---|
| City Population | 211,147 |
| Median Home Price | $173,463 |
| Median Monthly Rent | $938 |
| Median Age | 38 years old |
| Median Household Income | $56,310 |
| Unemployment Rate | 4.47% |
Springfield, Missouri, has a population of 211,147. The median home price in the city is $173,463, and the median monthly rent is $938. The median age of residents is 38 years, and the median household income is $56,310. Springfield has an unemployment rate of 4.47%.
Interesting Fact:
- Springfield is known for its Bass Pro Shops headquarters, which includes a large outdoor store, an aquarium, and a hotel.
- The city is a gateway to the Ozark Mountains, offering numerous outdoor recreational opportunities, including hiking and fishing.
- Springfield is the birthplace of the iconic U.S. highway Route 66, often referred to as the “Main Street of America.”
In the ranking of the Cheapest Places to Live in the United States 2024, Springfield is the 4th Cheapest Place to Live in the United States.
5. Davenport, Iowa
| Statistic | Value |
|---|---|
| City Population | 101,979 |
| Median Home Price | $170,262 |
| Median Monthly Rent | $1,036 |
| Median Age | 39 years old |
| Median Household Income | $67,197 |
| Unemployment Rate | 4.95% |
Davenport, Iowa, has a population of 101,979. The median home price is $170,262, and the median monthly rent is $1,036. The median age in the city is 39 years, while the median household income stands at $67,197. The unemployment rate is 4.95%.
Interesting Fact
- Davenport is one of the Quad Cities and is known for its vibrant arts scene, including the Figge Art Museum which features regional and national artwork.
- The city is located on the Mississippi River and has some riverfront parks and attractions.
In the ranking of the Cheapest Places to Live in the United States 2024, Davenport is the 5th Cheapest Place to Live in the United States.
6. Hickory, North Carolina
| Statistic | Value |
|---|---|
| City Population | 58,242 |
| Median Home Price | $213,934 |
| Median Monthly Rent | $890 |
| Median Age | 40 years old |
| Median Household Income | $63,531 |
| Unemployment Rate | 6% |
Hickory, North Carolina, has a population of 58,242. The median home price is $213,934, and the median monthly rent is $890. The median age of residents is 40 years, and the median household income is $63,531. The city has an unemployment rate of 6%.
Interesting Fact
- Hickory is part of the Catawba Valley, famous for its furniture industry, earning the area the nickname “The Furniture Capital of the World.”
- Hickory is known for its historic downtown area, which includes unique shops and restaurants housed in restored buildings.
- The city is located in the foothills of the Blue Ridge Mountains, offering beautiful scenic views and outdoor activities.
In the ranking of the Cheapest Places to Live in the United States 2024, Hickory is the 6th Cheapest Place to Live in the United States.
7. Montgomery, Alabama
| Statistic | Value |
|---|---|
| City Population | 204,512 |
| Median Home Price | $154,107 |
| Median Monthly Rent | $1,100 |
| Median Age | 38 years old |
| Median Household Income | $61,980 |
| Unemployment Rate | 7.13% |
Montgomery, Alabama, has a population of 204,512. The median home price is $154,107, and the median monthly rent is $1,100. The median age is 38 years, and the median household income is $61,980. The unemployment rate in the city stands at 7.13%.
Interesting Fact
- Montgomery played a pivotal role in the Civil Rights Movement and is home to landmarks like the Rosa Parks Museum and the Civil Rights Memorial.
- Montgomery is home to the Alabama State Capitol, a historic building where the Confederacy was established in 1861.
- The city hosts the Montgomery Zoo, which features over 500 animals and offers educational programs and events.
In the ranking of the Cheapest Places to Live in the United States 2024, Montgomery is the 7th Cheapest Place to Live in the United States.
8. Green Bay, Wisconsin
| Statistic | Value |
|---|---|
| City Population | 111,006 |
| Median Home Price | $180,066 |
| Median Monthly Rent | $927 |
| Median Age | 37 years old |
| Median Household Income | $63,931 |
| Unemployment Rate | 4.19% |
Green Bay, Wisconsin, has a population of 111,006. The median home price in the city is $180,066, while the median monthly rent is $927. The median age of residents is 37 years, and the median household income is $63,931. The unemployment rate is 4.19%.
Interesting Fact
- Green Bay is the smallest city in the U.S. to host an NFL team, the Green Bay Packers, who are also the only community-owned professional sports team in the country.
- Green Bay is home to Lambeau Field, one of the most iconic stadiums in the NFL, where the Green Bay Packers play their home games.
- The city is also known for its annual Green Bay Film Festival, which showcases a wide range of films from independent creators.
In the ranking of the Cheapest Places to Live in the United States 2024, Green Bay is the 8th Cheapest Place to Live in the United States.
9. Little Rock, Arkansas
| Statistic | Value |
|---|---|
| City Population | 209,061 |
| Median Home Price | $230,622 |
| Median Monthly Rent | $1,087 |
| Median Age | 38 years old |
| Median Household Income | $74,013 |
| Unemployment Rate | 4.77% |
Little Rock, Arkansas, has a population of 209,061. The median home price is $230,622, and the median monthly rent is $1,087. The median age is 38 years, and the median household income is $74,013. The city has an unemployment rate of 4.77%.
Interesting Fact
- Little Rock is home to the William J. Clinton Presidential Library and Museum, attracting visitors from around the world.
- Little Rock is known for its extensive trail system, including the Arkansas River Trail, which offers scenic views and recreational opportunities.
- The city also features the Historic Arkansas Museum, which showcases the state’s cultural and historical heritage.
In the ranking of the Cheapest Places to Live in the United States 2024, Little Rock is the 9th Cheapest Place to Live in the United States.
10. Oklahoma City, Oklahoma
| Statistic | Value |
|---|---|
| City Population | 681,446 |
| Median Home Price | $199,303 |
| Median Monthly Rent | $1,175 |
| Median Age | 36 years old |
| Median Household Income | $74,604 |
| Unemployment Rate | 4.46% |
Oklahoma City, Oklahoma, has a population of 681,446. The median home price is $199,303, while the median monthly rent is $1,175. The median age in the city is 36 years, and the median household income is $74,604. The unemployment rate is 4.46%.
Interesting Fact:
- Oklahoma City is one of the largest cities in the United States by land area, with a massive 621 square miles within city limits.
- Oklahoma City is home to the National Cowboy & Western Heritage Museum, which has a vast collection of Western art and artifacts.
- The city has a thriving cultural scene with numerous annual events such as the Oklahoma City Memorial Marathon and the Red Earth Festival celebrating Native American culture.
In the ranking of the Cheapest Places to Live in the United States 2024, Oklahoma City is the 10th Cheapest Place to Live in the United States.
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