Fayetteville was one of two cities in Arkansas to be named in a list of the least expensive cities to live in around the U.S.
The Council for Community and Economic Research, a nonprofit group that provides information on local economic trends, recently compared the cost of living in 306 urban areas in the country.
Based on the price of housing, utilities, grocery items, transportation, health care, and miscellaneous goods and services, CBS’ Moneywatch put together a list of the ten cheapest places to live.
Citing an overall cost of living as being 15.4 percent lower than the national average, Moneywatch named Fayetteville as the No. 4 least expensive city to live in. Besides modest average home prices and relatively inexpensive food costs, the list notes that a trip to the movies is over $3 cheaper per ticket in Fayetteville, compared to New York City.
Conway, Ark. was listed as No. 8 with a 13.8 percent lower cost of living than the national average.
10 cheapest places to live in the U.S.
1. Harlingen, Texas
2. Memphis, Tenn.
3. McAllen, Texas
4. Fayetteville, Ark.
5. Ardmore, Okla.
6. Temple, Texas
7. Ashland, Ohio
8. Conway, Ark.
9. Pueblo, Colo.
10. Pryor Creek, Okla.