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The 15 most affordable US cities to live in 2023<!-- wp:html --><p>Decatur, Illinois.</p> <p class="copyright">Jeffrey Greenberg/Universal Images Group/Getty Images</p> <p>Personal-finance company Kiplinger has ranked the cheapest US cities to live in this year.<br /> It considered factors like cost of living, unemployment rates, and home values in 267 urban areas.<br /> While Alabama and Texas dominated the list, Harlingen, Texas, secured the top spot.</p> <p><a href="https://www.businessinsider.com/us-inflation-economy-cpi-july-data-2023-8">US inflation</a> has been cooling over the past year, but housing, food, and other cost of living items remain pricey.</p> <p>But there are pockets of the country that could offer reprieve. Personal-finance company Kiplinger identified <a href="https://www.kiplinger.com/real-estate/places-to-live/601488/25-cheapest-us-cities-to-live-in">America's cheapest cities</a> as of April 2023. Using data from the Council for Community and Economic Research, Kiplinger calculated the living expenses for 267 urban areas in the US that have a population of at least 50,000. The study weighed factors like prices for housing, groceries, transportation, healthcare, and miscellaneous goods and services.</p> <p>The study shows that many of the most budget-friendly cities in America are found in the South, a region renowned for its advantageous income-to-cost ratio. According to their findings, <a href="https://www.census.gov/quickfacts/harlingencitytexas" target="_blank" rel="noopener">Harlingen, Texas</a> — a small city of less than 72,000 people in the Rio Grande Valley, next to Brownsville — is America's cheapest city.</p> <p>Craig Grove, a broker and owner of the Brownsville brokerage GRT Realty, previously told Insider that Harlingen's <a href="https://www.businessinsider.com/cheapest-us-cities-affordable-low-cost-of-living-2022-12">affordable housing market</a> and down-to-earth atmosphere has made it attractive for prospective homebuyers. </p> <p>"It is very old school in a nice way — people are very friendly, it still feels like a small town and the houses are affordable," he said. </p> <p>In southern states like Georgia and Alabama, homebuyers can pluck out a few metros where the cost of living is below the national average. But northern states — from Michigan to Kansas — dot the list as well, if taking up residence in the South doesn't appeal. Read on for the 15 cheapest cities in the US 2023 — maybe one will spark your interest.</p> <div> <div class="slide"> <div class="slide-title">15. Florence, Alabama</div> <div class="slide-image">Florence, Alabama. <p class="copyright">Getty Images</p> </div> <div class="slide-content"> <p><strong>Cost of living:</strong> 15.5% below US average<br /><strong>Metro population:</strong> 151,517<br /><strong>Median household income:</strong> $51,639<br /><strong>Median home value:</strong> $156,200<br /><strong>Unemployment rate:</strong> 2.9%</p> </div> </div> <div class="slide"> <div class="slide-title">14. Mobile, Alabama</div> <div class="slide-image">Mobile, Alabama. <p class="copyright">Getty Images.</p> </div> <div class="slide-content"> <p><strong>Cost of living: </strong>15.7% below US average<br /><strong>Metro population:</strong> 430,714<br /><strong>Median household income:</strong> $49,691<br /><strong>Median home value:</strong> $159,100<br /><strong>Unemployment rate:</strong> 3.2%</p> </div> </div> <div class="slide"> <div class="slide-title">13. Amarillo, Texas</div> <div class="slide-image">Amarillo, Texas. <p class="copyright">Getty Images</p> </div> <div class="slide-content"> <p><strong>Cost of living:</strong> 15.8% below US average<br /><strong>Metro population:</strong> 270,119<br /><strong>Median household income:</strong> $58,354<br /><strong>Median home value:</strong> $167,000<br /><strong>Unemployment rate:</strong> 3.2%</p> </div> </div> <div class="slide"> <div class="slide-title">12. Winston-Salem, North Carolina</div> <div class="slide-image">Winston-Salem, North Carolina. <p class="copyright">halbergman/Getty Images</p> </div> <div class="slide-content"> <p><strong>Cost of living: </strong>15.9% below US average<br /><strong>Metro population: </strong>681,438<br /><strong>Median household income:</strong> $57,392<br /><strong>Median home value:</strong> $193,100<br /><strong>Unemployment rate:</strong> 3.6%</p> </div> </div> <div class="slide"> <div class="slide-title">11. Oklahoma City, Oklahoma</div> <div class="slide-image">Oklahoma City, Oklahoma. <p class="copyright">Marcus Elwell/Getty Images</p> </div> <div class="slide-content"> <p><strong>Cost of living: </strong>16% below US average<br /><strong>Metro population:</strong> 1,441,647<br /><strong>Median household income:</strong> $61,815<br /><strong>Median home value:</strong> $190,800<br /><strong>Unemployment rate:</strong> 3%</p> </div> </div> <div class="slide"> <div class="slide-title">10. Jackson, Mississippi</div> <div class="slide-image">Jackson, Mississippi. <p class="copyright">Jeremy Woodhouse/Getty Images</p> </div> <div class="slide-content"> <p><strong>Cost of living:</strong> 16.3% below US average<br /><strong>Metro population:</strong> 586,758<br /><strong>Median household income: </strong>$54,123<br /><strong>Median home value:</strong> $178,100<br /><strong>Unemployment rate:</strong> 3%</p> </div> </div> <div class="slide"> <div class="slide-title">9. Albany, Georgia</div> <div class="slide-image"> <p class="copyright">Shutterstock</p> </div> <div class="slide-content"> <p><strong>Cost of living:</strong> 16.5% below US average<br /><strong>Metro population:</strong> 146,961<br /><strong>Median household income:</strong> $48,659<br /><strong>Median home value:</strong> $143,200<br /><strong>Unemployment rate:</strong> 4% </p> </div> </div> <div class="slide"> <div class="slide-title">8. Conway, Arkansas</div> <div class="slide-image">Conway, Arkansas. <p class="copyright">David7/Shutterstock</p> </div> <div class="slide-content"> <p><strong>Cost of living: </strong>16.5% below US average<br /><strong>City population:</strong> 65,126<br /><strong>Median household income:</strong> $53,029<br /><strong>Median home value:</strong> $230,900 <br /><strong>Unemployment rate:</strong> 3.2%</p> </div> </div> <div class="slide"> <div class="slide-title">7. Anniston, Alabama</div> <div class="slide-image"> <p class="copyright">Getty Images</p> </div> <div class="slide-content"> <p><strong>Cost of living:</strong> 16.9% below US average<br /><strong>Metro population:</strong> 115,972<br /><strong>Median household income:</strong> $46,524<br /><strong>Median home value:</strong> $139,400 <br /><strong>Unemployment rate: </strong>3.8% </p> </div> </div> <div class="slide"> <div class="slide-title">6. Topeka, Kansas</div> <div class="slide-image">Topeka, Kansas. <p class="copyright">Getty Images</p> </div> <div class="slide-content"> <p><strong>Cost of living:</strong> 17.5% below US average<br /><strong>Metro population:</strong> 232,670<br /><strong>Median household income:</strong> $57,474<br /><strong>Median home value: </strong>$154,800 <br /><strong>Unemployment rate: </strong>3.1% </p> </div> </div> <div class="slide"> <div class="slide-title">5. Joplin, Missouri</div> <div class="slide-image">Joplin, Missouri. <p class="copyright">Terra Fondriest/The Washington Post/Getty Images</p> </div> <div class="slide-content"> <p><strong>Cost of living:</strong> 18% below US average<br /><strong>Metro population: </strong>182,541<br /><strong>Median household income:</strong> $55,045<br /><strong>Median home value: </strong>$149,500 <br /><strong>Unemployment rate: </strong>2.6% </p> </div> </div> <div class="slide"> <div class="slide-title">4. Decatur, Illinois</div> <div class="slide-image">Decatur, Illinois. <p class="copyright">Jeffrey Greenberg/Universal Images Group/Getty Images</p> </div> <div class="slide-content"> <p><strong>Cost of living:</strong> 20.6% below US average<br /><strong>Metro population: </strong>880,356<br /><strong>Median household income:</strong> $44,818<br /><strong>Median home value: </strong>$107,500 <br /><strong>Unemployment rate:</strong> 4.9%</p> </div> </div> <div class="slide"> <div class="slide-title">3. McAllen, Texas</div> <div class="slide-image">McAllen, Texas. <p class="copyright">Getty Images</p> </div> <div class="slide-content"> <p><strong>Cost of living:</strong> 20.6% below US average<br /><strong>Metro population: </strong>880,356<br /><strong>Median household income:</strong> $44,818<br /><strong>Median home value: </strong>$107,500 <br /><strong>Unemployment rate:</strong> 4.9%</p> </div> </div> <div class="slide"> <div class="slide-title">2. Kalamazoo, Michigan</div> <div class="slide-image">Kalamazoo, Michigan. <p class="copyright">Sean Pavone/Getty Images</p> </div> <div class="slide-content"> <p><strong>Cost of living:</strong> 22.5% below US average<br /><strong>Metro population:</strong> 261,108<br /><strong>Median household income:</strong> $62,128<br /><strong>Median home value:</strong> $208,300 <br /><strong>Unemployment rate:</strong> 4.6%</p> </div> </div> <div class="slide"> <div class="slide-title">1. Harlingen, Texas</div> <div class="slide-image">Harlingen, Texas. <p class="copyright">Getty Images</p> </div> <div class="slide-content"> <p><strong>Cost of living:</strong> 22.9% below US average<br /><strong>Metro population:</strong> 423,029<br /><strong>Median household income:</strong> $48,115<br /><strong>Median home value: </strong>$103,500 <br /><strong>Unemployment rate: </strong>5.7%  </p> </div> </div> </div> <div class="read-original">Read the original article on <a href="https://www.businessinsider.com/cheapest-most-affordable-cities-places-to-live-in-us-2023-8">Business Insider</a></div><!-- /wp:html -->

Decatur, Illinois.

Personal-finance company Kiplinger has ranked the cheapest US cities to live in this year.
It considered factors like cost of living, unemployment rates, and home values in 267 urban areas.
While Alabama and Texas dominated the list, Harlingen, Texas, secured the top spot.

US inflation has been cooling over the past year, but housing, food, and other cost of living items remain pricey.

But there are pockets of the country that could offer reprieve. Personal-finance company Kiplinger identified America’s cheapest cities as of April 2023. Using data from the Council for Community and Economic Research, Kiplinger calculated the living expenses for 267 urban areas in the US that have a population of at least 50,000. The study weighed factors like prices for housing, groceries, transportation, healthcare, and miscellaneous goods and services.

The study shows that many of the most budget-friendly cities in America are found in the South, a region renowned for its advantageous income-to-cost ratio. According to their findings, Harlingen, Texas — a small city of less than 72,000 people in the Rio Grande Valley, next to Brownsville — is America’s cheapest city.

Craig Grove, a broker and owner of the Brownsville brokerage GRT Realty, previously told Insider that Harlingen’s affordable housing market and down-to-earth atmosphere has made it attractive for prospective homebuyers. 

“It is very old school in a nice way — people are very friendly, it still feels like a small town and the houses are affordable,” he said. 

In southern states like Georgia and Alabama, homebuyers can pluck out a few metros where the cost of living is below the national average. But northern states — from Michigan to Kansas — dot the list as well, if taking up residence in the South doesn’t appeal. Read on for the 15 cheapest cities in the US 2023 — maybe one will spark your interest.

15. Florence, Alabama
Florence, Alabama.

Cost of living: 15.5% below US average
Metro population: 151,517
Median household income: $51,639
Median home value: $156,200
Unemployment rate: 2.9%

14. Mobile, Alabama
Mobile, Alabama.

Cost of living: 15.7% below US average
Metro population: 430,714
Median household income: $49,691
Median home value: $159,100
Unemployment rate: 3.2%

13. Amarillo, Texas
Amarillo, Texas.

Cost of living: 15.8% below US average
Metro population: 270,119
Median household income: $58,354
Median home value: $167,000
Unemployment rate: 3.2%

12. Winston-Salem, North Carolina
Winston-Salem, North Carolina.

Cost of living: 15.9% below US average
Metro population: 681,438
Median household income: $57,392
Median home value: $193,100
Unemployment rate: 3.6%

11. Oklahoma City, Oklahoma
Oklahoma City, Oklahoma.

Cost of living: 16% below US average
Metro population: 1,441,647
Median household income: $61,815
Median home value: $190,800
Unemployment rate: 3%

10. Jackson, Mississippi
Jackson, Mississippi.

Cost of living: 16.3% below US average
Metro population: 586,758
Median household income: $54,123
Median home value: $178,100
Unemployment rate: 3%

9. Albany, Georgia

Cost of living: 16.5% below US average
Metro population: 146,961
Median household income: $48,659
Median home value: $143,200
Unemployment rate: 4% 

8. Conway, Arkansas
Conway, Arkansas.

Cost of living: 16.5% below US average
City population: 65,126
Median household income: $53,029
Median home value: $230,900 
Unemployment rate: 3.2%

7. Anniston, Alabama

Cost of living: 16.9% below US average
Metro population: 115,972
Median household income: $46,524
Median home value: $139,400 
Unemployment rate: 3.8% 

6. Topeka, Kansas
Topeka, Kansas.

Cost of living: 17.5% below US average
Metro population: 232,670
Median household income: $57,474
Median home value: $154,800 
Unemployment rate: 3.1% 

5. Joplin, Missouri
Joplin, Missouri.

Cost of living: 18% below US average
Metro population: 182,541
Median household income: $55,045
Median home value: $149,500 
Unemployment rate: 2.6% 

4. Decatur, Illinois
Decatur, Illinois.

Cost of living: 20.6% below US average
Metro population: 880,356
Median household income: $44,818
Median home value: $107,500 
Unemployment rate: 4.9%

3. McAllen, Texas
McAllen, Texas.

Cost of living: 20.6% below US average
Metro population: 880,356
Median household income: $44,818
Median home value: $107,500 
Unemployment rate: 4.9%

2. Kalamazoo, Michigan
Kalamazoo, Michigan.

Cost of living: 22.5% below US average
Metro population: 261,108
Median household income: $62,128
Median home value: $208,300 
Unemployment rate: 4.6%

1. Harlingen, Texas
Harlingen, Texas.

Cost of living: 22.9% below US average
Metro population: 423,029
Median household income: $48,115
Median home value: $103,500 
Unemployment rate: 5.7%  

Read the original article on Business Insider

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