Updated
2022-08-31T20:56:53Z
Big coastal cities, such as New York and San Francisco, are known for having notoriously
high rent prices and an expensive cost of living. But in their smaller Midwestern counterparts, like Indianapolis, Indiana or Toledo, Ohio, life proves much, much cheaper. And while a lower cost of living doesn't always equate to a higher
quality of life, it can make a difference for those looking to stretch their paycheck. Niche, a company that researches and compiles information on places to live, released its
list of the US cities with the lowest cost of living in 2022. The ranking focused primarily on the ratio of home values to income, median property taxes, median home values, median rent, and ratios of monthly housing cost to income for each place. It also took into account the price of gas, the price of groceries, and the ratio of the
median rent to income into consideration. You can read a full breakdown of the methodology here. Many of the top 25 cities fell within the Midwest and the South, with a city in Indiana earning the top spot. Emmie Martin contributed to an earlier version of this article. Population: 163,778 Median rent: $856 Median home value: $91,400 Percentage of people who rent their home: 51% Percentage
of people who own their home: 49% Population: 122,630 Median rent: $1,104 Median home value: $159,700 Percentage of people
who rent their home: 39% Percentage of people who own their home: 61% Population: 117,488 Median rent: $847 Median home value: $87,700 Percentage of people who rent
their home: 48% Percentage of people who own their home: 52% Population: 153,014 Median rent: $882 Median home value: $101,300 Percentage of people who rent their home: 43% Percentage of
people who own their home: 57% Population: 301,286 Median rent: $984 Median home value: $134,800 Percentage of people who rent their home: 53% Percentage of people who
own their home: 47% Population: 210,928 Median rent: $870 Median home value: $97,50025. Jackson, Mississippi
Jackson, Mississippi. Sean Pavone/Shutterstock 24. Odessa, Texas
Odessa, Texas.
DenisTangneyJr/Getty Images 23. Lansing, Michigan
Lansing, Michigan downtown buildings. Jeffrey Greenberg/Universal Images Group via Getty Images 22. Kansas City, Kansas
Kansas City, Kansas Getty Images 21. Pittsburgh, Pennsylvania
Pittsburgh, Pennsylvania. Andrea Evangelo-Giamou / EyeEm 20. Birmingham, Alabama
Birmingham, Alabama.
SeanPavonePhoto/Getty Images
Percentage of people who rent their home: 54%
Percentage of people who own their home: 46%
19. McAllen, Texas
McAllen, Texas. Denis Tangney Jr/Getty ImagesPopulation: 142,557
Median rent: $829
Median home value: $131,500
Percentage of people who rent their home: 41%
Percentage of people who own their home: 59%
18. Cedar Rapids, Iowa
Cedar Rapids, Iowa. DenisTangneyJr/iStock/Getty ImagesPopulation: 133,125
Median rent: $791
Median home value: $144,500
Percentage of people who rent their home: 30%
Percentage of people who own their home: 70%
17. Wichita, Kansas
Wichita, Kansas. Getty ImagesPopulation: 390,566
Median rent: $821
Median home value: $138,100
Percentage of people who rent their home: 42%
Percentage of people who own their home: 58%
16. Montgomery, Alabama
Montgomery, Alabama. Sean Pavone/ShutterstockPopulation: 199,054
Median rent: $905
Median home value: $121,100
Percentage of people who rent their home: 46%
Percentage of people who own their home: 54%
15. Abilene, Texas
Abilene, Texas. Grace MuseumPopulation: 124,691
Median rent: $918
Median home value: $131,300
Percentage of people who rent their home: 46%
Percentage of people who own their home: 54%
14. Amarillo, Texas
Amarillo, Texas. Gimas/ShutterstockPopulation: 199,225
Median rent: $876
Median home value: $138,900
Percentage of people who rent their home: 41%
Percentage of people who own their home: 59%
13. Cleveland, Ohio
Cleveland, Ohio. Yuanshuai Si/Getty ImagesPopulation: 383,331
Median rent: $735
Median home value: $73,400
Percentage of people who rent their home: 58%
Percentage of people who own their home: 42%
12. Topeka, Kansas
Topeka, Kansas. Henryk Sadura/shutterstockPopulation: 125,819
Median rent: $815
Median home value: $105,700
Percentage of people who rent their home: 41%
Percentage of people who own their home: 59%
11. Erie, Pennsylvania
Erie, Pennsylvania. Getty ImagesPopulation: 96,616
Median rent: $725
Median home value: $90,500
Percentage of people who rent their home: 48%
Percentage of people who own their home: 52%
10. Akron, Ohio
Akron, Ohio. ShutterstockPopulation: 197,375
Median rent: $795
Median home value: $83,500
Percentage of people who rent their home: 50%
Percentage of people who own their home: 50%
9. Beaumont, Texas
Texas road sign. Drew Angerer/Getty ImagesPopulation: 117,321
Median rent: $868
Median home value: $123,700
Percentage of people who rent their home: 45%
Percentage of people who own their home: 55%
8. Buffalo, New York
Buffalo, New York Walter Bibikow/Getty ImagesPopulation: 255,805
Median rent: $801
Median home value: $101,000
Percentage of people who rent their home: 58%
Percentage of people who own their home: 42%
7. Evansville, Indiana
Evansville, Indiana. Joe Sohm/Visions of America/Universal Images Group via Getty ImagesPopulation: 118,414
Median rent: $797
Median home value: $98,600
Percentage of people who rent their home: 45%
Percentage of people who own their home: 55%
6. Toledo, Ohio
Toledo, Ohio. Michael Shake/ShutterstockPopulation: 275,116
Median rent: $737
Median home value: $83,600
Percentage of people who rent their home: 49%
Percentage of people who own their home: 51%
5. Dayton, Ohio
Dayton, Ohio. David Harmantas/ShutterstockPopulation: 140,444
Median rent: $724
Median home value: $69,400
Percentage of people who rent their home: 53%
Percentage of people who own their home: 47%
4. South Bend, Indiana
South Bend, Indiana. Chuck W Walker/ShutterstockPopulation: 102,686
Median rent: $814
Median home value: $88,600
Percentage of people who rent their home: 42%
Percentage of people who own their home: 58%
3. Brownsville, Texas
Brownsville, Texas. ShutterstockPopulation: 182,230
Median rent: $754
Median home value: $92,400
Percentage of people who rent their home: 40%
Percentage of people who own their home: 60%
2. Wichita Falls, Texas
Wichita Falls, Texas. DenisTangneyJr/Getty ImagesPopulation: 104,657
Median rent: $828
Median home value: $104,800
Percentage of people who rent their home: 43%
Percentage of people who own their home: 57%
Erin McDowell
Reporter, Editorial Partnerships
Erin McDowell is a reporter on the Insider Inc. distribution team. She covers food, lifestyle, entertainment, retail, careers, and more for Insider, Business Insider, and Insider Inc.'s partners, including MSN.com and Yahoo. She graduated from Elon University in January 2019, where she studied strategic communications and digital art. She has written for V Magazine, Milk.XYZ, OUT.com, Brides Magazine, and more. She lives in Brooklyn, New York, and can be found on LinkedIn. Please send all inquiries, comments, or tips to .
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Erin Snodgrass is a reporter for Insider. Before joining Insider, Erin was an intern with InvestigateTV and Česká televize. She graduated from Loyola University New Orleans in 2020. Her work has also been published in The Olympian and on Nola.com. She can be reached by email at or on Twitter as @erinsnod.
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