10 Cheapest U.S. Cities to Live In
4. Memphis, Tenn.
Mark Gstohl via Creative Commons
Cost of Living: 14% below average
City Population: 652,050
Median Household Income: $37,072
Median Home Value: $99,000
Memphis is a big city -- it’s the biggest in Tennessee and has over half a million more residents than the next-largest city on this list (McAllen, Texas). Yet it doesn’t have big-city prices. You can buy a home in Memphis for less than $100,000, a price tag that’s hard to match in a comparably sized city. Proximity to the Mississippi River makes it a hub for the shipping and transportation industries. Memphis is home to three Fortune 500 companies (FedEx, International Paper and AutoZone), numerous colleges and universities, mouthwatering ribs and, of course, Graceland.
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