The Kiplinger financial magazine has named Pueblo as the nation’s second cheapest city in which to live in the United States.
Cheapest cities: Top 10 cheapest cities in the U.S. according to Kiplinger: 1. Harlingen, Texas 2. Pueblo, Co. 3. Norman, Okla. 4. Memphis, Tenn. 5. Idaho Falls, Idaho 6. Youngstown, Ohio 7. Jonesboro, Ark. 8. Wichita Falls, Texas 9. Temple, Texas 10. Augusta, Ga.
The magazine released its 2014 list on Wednesday. Three of the 10 cheapest cities in the U.S. can be found in Texas. The other cities on the 2014 list are scattered across the nation, from as far west as Idaho to as far east as Georgia. The rankings were based on the Council for Community and Economic Research’s calculations of living expenses in 308 urban areas. Its Cost of Living Index measures prices for housing, groceries, utilities, transportation, health care, and miscellaneous goods and services. Screened out were cities with populations below 50,000. All 10 finalists, while different in many ways, share one over-arching similarity: super-affordable housing options for renters and homeowners alike. Pueblo was described by the magazine as being “known more for its green chiles than the amount of green its residents earn. The median household income is 34 percent lower than the nation’s and 40 percent below Colorado’s. “But the low incomes come with low living expenses, which makes Pueblo a perennial contender when we look for the cheapest places to live in the U.S. The median home value, for example, is less than half that of the state as a whole, and the typical rent falls 23 percent below the national average.” – See more at: http://www.chieftain.com/news/2577856-120/cheapest-pueblo-cities-texas#sthash.27XjSu0k.dpuf