Life

29 Cheapest Places To Live In The U.S.

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Springfield, Missouri

Source: https://www.brscpa.biz

Springfield is the principal city of the Springfield Metropolitan Area and is popularly known as the “Queen City of the Ozarks” and the “Birthplace of Route 66.” It’s also home to three universities, namely Drury University, Evangel University, and Missouri State University.
The city’s economy is mostly focused on education, health care, manufacturing, retail, and tourism, presenting plenty of employment opportunities for denizens and newcomers. Its top employers, including Mercy Health System, CoxHealth, Wal-Mart, and Springfield Public Schools, have thousands of employees in their workforce. Not only are there good job prospects, but Springfield’s unemployment rate is also significantly lower than the national standard.
The overall cost of living in Springfield is over 15% lower than the country’s average. Housing-related expenses, including the home price, mortgage, and rent, are also roughly 30% lower than what most Americans pay for in other cities. Moreover, the residents of Springfield get to enjoy huge savings on food, groceries, transportation, utilities, and other miscellaneous expenses. Health care, however, is a bit pricier than the national average.
Cost of Living: 82.3
Median Home Value: $146,700
City Population: 341,000
Median Household Income: $61,042
Unemployment Rate: 2.7%

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