10 Cheapest Small Towns to Live In

The cheapest small towns might not be for everyone, but their charms can make them the best places to live for plenty of folks.

cheapest places to live small towns
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The cheapest small towns to live in aren't for everyone. 

True, small-town living has plenty of perks: light traffic, a strong sense of community and a slower pace of life. Perhaps best of all, there's the cost of living, which typically is cheaper in small towns than in expensive big cities.


Source: C2ER's Cost of Living Index, 2023 Annual Average Data, published October 2023. Index data is based on average prices of goods and services collected during the first three quarters of 2023, with index values based on the new weights for 2023. Population data, household incomes, home values, poverty rates and other demographic information are from the U.S. Census Bureau. Local unemployment rates, courtesy of the U.S. Bureau of Labor Statistics, are not seasonally adjusted, and are as of February 1, 2024 for the month of November 2023, which is the latest available final data.

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Donna LeValley
Personal Finance Writer

Donna joined Kiplinger as a personal finance writer in 2023. She spent more than a decade as the contributing editor of J.K.Lasser's Your Income Tax Guide and edited state specific legal treatises at ALM Media. She has shared her expertise as a guest on Bloomberg, CNN, Fox, NPR, CNBC and many other media outlets around the nation.