Cheap Places In The United States. The cheap places to live in the United States might actually surprise you. It all comes down to the cost of living and where you choose to settle.
There are many different factors that can influence the cost of living in a particular area. Housing is the most obvious expense, whether you plan to rent or buy your home. Taxes, including both state income taxes and local property taxes, also have a significant impact on an area’s cost of living. Even the price of daily necessities such as gas and groceries can vary by location.
The type of employers in an area can have an impact on the overall cost of living as well. For example, Seattle, home of Microsoft, consistently ranks at the top of the most expensive cities in the United States. Even though the majority of people who live in Seattle don’t work for Microsoft, the company’s high salaries help to inflate the overall cost of living.
Generally, the most affordable places to live in the United States are in the Midwest or Southern part of the country. Alaska, Hawaii, New England, and the West Coast continue to be among the most expensive places to live in the nation.
According to research conducted by the Missouri Economic Research and Information Center, the 10 most affordable states in the US are:
6. South Dakota