29 Cheapest Places To Live In The U.S.

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Fayetteville, Arkansas

Source: https://aymag.com/

Fayetteville, the third-largest city in the state, is known as an academic center. It is home to the state’s largest university, the University of Arkansas. Formerly called the “Athens of the Ozarks,” the small city is often listed among the best places to live in and retire in the United States. It is also considered among Inc. magazine’s “Best Mid-Size Cities for Doing Business” in 2010 and Forbes magazine’s “Best Places for Business and Careers” in 2012. In 2016, the city declared its goal to become “The Startup City of the South.”
The city’s top employers, including the University of Arkansas, Superior Industries, and the Washington Regional Medical Center help provide employment for residents, lowering the city’s unemployment rate. Fayetteville is also relatively affordable for professionals, civilians, and students. Even though its median home value is rather high, housing-related costs are still significantly lower than the national average. Food, groceries, transportation, health care, and other miscellaneous costs are considerably cheaper, too.
Cost of Living: 92.9
Median Home Value: $226,400
City Population: 86,751
Median Household Income: $41,158
Unemployment Rate: 2.5%