Slideshow
June 2011
10 U.S. Cities With the Cheapest Cost of Living
3. Ft. Hood, Tex.
Courtesy of Killeen Convention & Visitors Bureau
Metro Population: 368,682
Median Household Income: $46,183
Average Home Price: $210,383
The Fort Hood metropolitan area, which includes Killeen and Temple, is about 60 miles north of Austin, the capital of Texas. The local economy is anchored in part by a major U.S. Army base. The high concentration of soldiers and military families may help explain why close to 15% of the population is 25- to 34-year-olds. Rent averages $596, and home prices are among the five least expensive in our ranking.
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