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The ongoing pressures of recession and job losses accompanied with it, people are resorting to cheaper locations in order to cut down rentals and basic living costs. Even people who haven’t lost their jobs are looking for cheaper residential regions and are trying everything they can do to save those extra dollars. Identifying the cheapest place to live in the USA is not an easy task. While determining the cheapest place to live in the US, various factors have to be taken into consideration, such as income earned, cost of living, poverty, building quality, crime, etc.

Cheapest Place to Live in the US

Most people are of the school of thought that the Midwest houses are the most cheapest place to live in USA. This is because, even though the salary earned is lower than that earned in other regions of the US, the housing rates are very cheap. Moreover, taxes are also low. So the overall cost of living in the Midwest in lower than when residing in any other part of the US. Moreover, if we consider the tax burden levied, we will find that the five states with the lowest tax burden are Alaska, New Hampshire, Tennessee, Delaware and Alabama. Forbes.com has published a wonderful list of America’s Best Cheap Cities, wherein, they have rated cities across the US on the basis of factors like crime rate, unemployment rate, average salary for graduates and cultural opportunity available in the city. Based on the research conducted by Forbes.com let us have a look at some of the cheapest places in the US.

Manchester – Nashua, New Hampshire

Manchester, Nashua of New Hampshire are cheaper than places like New York City and many other cities in the US. In fact according to Forbes article, ‘Where to live cheaply’, the Manchester – Nashua metro area ranks as the cheapest place to live in the USA in the list of America’s 100 Cheapest places to live. Forbes also points out how there is no sales or income tax cuts in New Hampshire, thereby making the state the perfect place for people who want to save their money. Manchester today is a place of solace for those who want to shun away from an expensive style of living. A median house in Manchester will cost about $213,180 and the cost of living here is 2.53% lower than the average US cost of living. One will have to shell out $237,720 for a median house in Nashua and the cost of living here is 3.25% higher than the US average. Manchester and Nashua are known for their high quality of life, low cost of living, affordable housing and sustainability even in trying economic times.

Ogden-Clearfield Metro, Utah

According to the research conducted by Forbes.com, Ogden-Clearfield of Utah ranks as the second cheapest place in USA. They have considered the crime rates and unemployment rates while giving Ogden-Clearfield the second place. Ogen-Clearfield metro area has had a population growth of 12.42% since the year 2000 and as of 2009, the population of this metro area is approximately 531,000. Buying a median house in this area would cost somewhere around $162,700 and as compared to the cost of living in other parts of the US, Ogen-Clearfield has a cost of living that is 4.15% lower. Read more on interesting facts about Utah.

Minneapolis, Minnesota

Forbes.com gives Minneapolis of Minnesota the third position in the list of America’s best cheap places. Minneapolis’ high salary and extensive culture strains are responsible for this position. With a population of 377,392, Minneapolis has had a population growth of -2.56 since the year 2000. A median home here will cost somewhere around $179,640 and the cost of living is 2.14% higher than the US average.

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This is a rough guideline about the first three cheapest places in the US. Besides these cities, the other cheap places to live in the US are Dayton (Ohio), Wichita (Kansas), Kokomo (Indiana), Louisville (Kentucky), Oklahoma City (Oklahoma), Knoxville (Tennessee), Tulsa (Oklahoma) and Queen City (Texas). Before deciding upon the cheapest place to live in the USA, conduct a thorough research of your own by considering key factors like cost of living, employment opportunities, general quality of life, safety and crime rates.

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