The US in one of the Most expensive places in the world to live in. But that doesn’t mean all of it isn’t affordable. There are some cities that are relatively reasonably priced when it comes to living expenses. Forbes analyzed data from America’s 100 largest Metropolitan Statistical Areas and Metropolitan Divisions with populations of 600,000 or more. They measured the cost of food, utilities, transportation, medical expenses and other daily expenses to find the cost of living. Here are the top 5 most affordable cities to live in in the US.
5. Cincinnati, Ohio
- Median family income: $68,500
- Median sales price: $133,000
- Groceries: 4.6%
- Utilities: 5.9%
- Transportation: (0.2)%
- Health: 0.3%
- Misc.: 7.2%
4. Oklahoma City, Oklahoma
- Median family income: $61,400
- Median sales price: $139,000
- Groceries: 10.1%
- Utilities: 10.1%
- Transportation: 2.1%
- Health: 6%
- Misc.: 7.7%
3. Buffalo, New York
- Median family income: $63,900
- Median sales price: $118,000
- Groceries: 7.1%
- Utilities: (7.1)%
- Transportation: (2.4)%
- Health: 11.8%
- Misc.: 10.7%
2. Knoxville, Tennessee
- Median family income: $60,500
- Median sales price: $144,000
- Groceries: 11.2%
- Utilities: 7.7%
- Transportation: 14.7%
- Health: 7.7%
- Misc.: 8%
1. Birmingham, Alabama
And the most affordable city in the US is Birmingham, Alabama, where the median family income is $61,000, while the Q4 2014 median sales price is $130,000.
- Groceries: 5.4%
- Utilities: (3.5)%
- Transportation: 13.2%
- Health: 16.6%
- Misc.: 2.6%