29 Cheapest Places To Live In The U.S.

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Decatur, Alabama

Source: https://www.bandstandentertainment.net/

Nicknamed “The River City” because it was originally a river crossing for settlers, Decatur is located on the banks of Wheeler Lake and along the Tennessee River. Also called the “Ballooning Capital of Alabama,” it is the county seat of Morgan County. Because of its location along a river, the city quickly grew into the economic heart of the Tennessee Valley, with boating traffic and railroad routes pushing the city to the forefront as a hub for travelers and cargo from surrounding cities.

Today, Decatur’s economy is based on different industries, from processing poultry to manufacturing automotive parts, booster rocket cores, copper tubing, and refrigerators. Tourism is also a key economic sector, with plenty of outdoor activities and cultural attractions to offer. Residents can enjoy all these activities and facilities without worrying about the state of their finances because of the city’s low cost of living and housing-related expenses. Housing, including mortgage and rent, is roughly 30% cheaper than the national average. Food, groceries, and services, from a box of pizza to dry cleaning, are more affordable, too.

Cost of Living: 85.3
Median Home Value: $179,900
City Population: 54,264
Median Household Income: $43,176
Unemployment Rate: 2.5%