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    America’s Cheapest Cities to Live In (24/7 Wall St)

    Low living expenses in an area are usually a reflection of what area residents can afford. The median household income in 17 of the 20 least expensive U.S. cities is lower than the national median annual income of $57,617 per year.

    While the nation’s cheapest areas are not necessarily the nation’s poorest, a few of these 20 cities struggle with high poverty rates. In both Sumter, South Carolina and Dothan, Alabama, for example, the poverty rate is around 20% — well above the national poverty rate of 14%.

    By   247WallSt

    Source: Thinkstock

    20. Akron, OH
    > Cost of goods and services: 15.5% lower than US avg.
    > Median home value: $144,200
    > Typical monthly rent: $806
    > Median household income: $51,598
    > Population: 702,221

    Source: Thinkstock

    19. Palm Bay-Melbourne-Titusville, FL
    > Cost of goods and services: 15.6% lower than US avg.
    > Median home value: $175,600
    > Typical monthly rent: $962 (top 25%)
    > Median household income: $51,184
    > Population: 579,130

    Source: Thinkstock

    18. Little Rock-North Little Rock-Conway, AR
    > Cost of goods and services: 15.8% lower than US avg.
    > Median home value: $151,700
    > Typical monthly rent: $803
    > Median household income: $51,501
    > Population: 734,381

    Source: Thinkstock

    17. Lake Havasu City-Kingman, AZ
    > Cost of goods and services: 15.9% lower than US avg.
    > Median home value: $148,700
    > Typical monthly rent: $787
    > Median household income: $42,423 (bottom 10%)
    > Population: 205,249

    Source: Thinkstock

    16. Beaumont-Port Arthur, TX
    > Cost of goods and services: 16.0% lower than US avg.
    > Median home value: $107,800 (bottom 10%)
    > Typical monthly rent: $817
    > Median household income: $49,364
    > Population: 409,901

    Source: Alberto Bernal Gtz. / Thinkstock

    15. San Angelo, TX
    > Cost of goods and services: 16.1% lower than US avg.
    > Median home value: $140,300
    > Typical monthly rent: $848
    > Median household income: $49,096
    > Population: 120,189

    Source: bubba73 / Wikimedia Commons

    14. Terre Haute, IN
    > Cost of goods and services: 16.2% lower than US avg.
    > Median home value: $94,500 (bottom 10%)
    > Typical monthly rent: $703 (bottom 25%)
    > Median household income: $46,951
    > Population: 169,518

    Source: Thinkstock

    13. Lafayette-West Lafayette, IN
    > Cost of goods and services: 16.2% lower than US avg.
    > Median home value: $146,000
    > Typical monthly rent: $767
    > Median household income: $51,410
    > Population: 217,439

    Source: John Phelan / Wikimedia Commons

    12. Norwich-New London, CT
    > Cost of goods and services: 16.5% lower than US avg.
    > Median home value: $242,000 (top 25%)
    > Typical monthly rent: $1,048 (top 25%)
    > Median household income: $70,699 (top 10%)
    > Population: 269,801

    Source: Ecjmartin1 / Wikimedia Commons

    11. Dothan, AL
    > Cost of goods and services: 17.3% lower than US avg.
    > Median home value: $118,200 (bottom 25%)
    > Typical monthly rent: $710 (bottom 25%)
    > Median household income: $41,040 (bottom 10%)
    > Population: 147,834

    Source: oddharmonic / Flickr

    10. Goldsboro, NC
    > Cost of goods and services: 17.4% lower than US avg.
    > Median home value: $127,800 (bottom 25%)
    > Typical monthly rent: $760
    > Median household income: $41,711 (bottom 10%)
    > Population: 124,150

    9. Daphne-Fairhope-Foley, AL
    > Cost of goods and services: 17.6% lower than US avg.
    > Median home value: $189,100
    > Typical monthly rent: $952
    > Median household income: $56,732
    > Population: 208,563

    Source: Home4tnindustry / Wikimedia Commons

    8. Morristown, TN
    > Cost of goods and services: 17.9% lower than US avg.
    > Median home value: $133,500 (bottom 25%)
    > Typical monthly rent: $702 (bottom 25%)
    > Median household income: $44,348 (bottom 25%)
    > Population: 117,320

    7. Yuba City, CA
    > Cost of goods and services: 18.1% lower than US avg.
    > Median home value: $254,000 (top 25%)
    > Typical monthly rent: $915
    > Median household income: $50,775
    > Population: 171,926

    Source: U.S. Air Force photo/ Airman 1st Class Tabatha L. Duarte

    6. Sumter, SC
    > Cost of goods and services: 18.1% lower than US avg.
    > Median home value: $110,900 (bottom 10%)
    > Typical monthly rent: $685 (bottom 10%)
    > Median household income: $40,614 (bottom 10%)
    > Population: 107,396

    Source: Smallbones / Wikimedia Commons

    5. Chambersburg-Waynesboro, PA
    > Cost of goods and services: 18.7% lower than US avg.
    > Median home value: $174,700
    > Typical monthly rent: $832
    > Median household income: $60,559 (top 25%)
    > Population: 153,851

    Source: Thinkstock

    4. Kingsport-Bristol-Bristol, TN-VA
    > Cost of goods and services: 18.8% lower than US avg.
    > Median home value: $124,300 (bottom 25%)
    > Typical monthly rent: $633 (bottom 10%)
    > Median household income: $40,811 (bottom 10%)
    > Population: 307,723

    Source: Thinkstock

    3. Coeur d’Alene, ID
    > Cost of goods and services: 18.9% lower than US avg.
    > Median home value: $239,600 (top 25%)
    > Typical monthly rent: $914
    > Median household income: $51,765
    > Population: 154,311

    Source: Thinkstock

    2. Lincoln, NE
    > Cost of goods and services: 19.8% lower than US avg.
    > Median home value: $168,000
    > Typical monthly rent: $772
    > Median household income: $59,344
    > Population: 326,591

    Source: Vicki Timman / Flickr

    1. Elkhart-Goshen, IN
    > Cost of goods and services: 20.3% lower than US avg.
    > Median home value: $129,300 (bottom 25%)
    > Typical monthly rent: $742 (bottom 25%)
    > Median household income: $54,216
    > Population: 203,781

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