Recent research, Texas has four of the top ten most cheap areas to reside in the southern United States.
The Ascent analyzed median household earnings to cost-of-living statistics to determine the most inexpensive locations. A larger ratio was utilized to indicate greater affordability.
Cedar Park
The survey ranked Cedar Park as the cheapest city to live in both the South and the whole United States, placing it first.
“It has excellent wages, with a median income 22.2% higher than the U.S. median income. While it isn’t the cheapest city in the country, the cost of living beats the national average by 7.7%,” the study said.
According to The Ascent, Cedar Park’s largest industries were:
- Professional, scientific, and technical services
- Retail trade
- Healthcare and social assistance
San Marcos
According to the study’s statistics, San Marcos was rated second, after Cedar Park, with an estimated income-to-expense ratio of 1.338.
“The median income is 22.2% higher than the national median, and groceries are cheap at 14.2% less than the national average,” The Ascent said.
The study said the industries that employed the most people in San Marcos were:
- Accommodation and food services
- Retail trade
- Educational services
Midland
According to The Ascent, Midland has above-average incomes and relatively inexpensive housing, with a projected income-to-expense ratio of 1.327, ranking it third.
“Housing costs are 22.9% less than the national average, and if you want to buy a home, prices are lower than average in much of the country,” the study said. “Overall, residents in Midland enjoy the cost of living 9.4% better than average, and groceries are 12.6% cheaper than average.”
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