The spacious southern city that has the lowest cost of living in America thanks to its bargain real estate

This Southern metropolis has the lowest cost of living successful America owed to its inexpensive location prices. 

McAllen successful Texas is located on the US-Mexico borderline and was ranked fig 1 for the lowest outgo of surviving by Realtor.com.

The outgo of homes are overmuch little compared to the nationalist average, bringing the wide outgo of surviving down, with the average location terms being conscionable $275,000.

'Nationally, the location price-to-income ratio is astir 5.5 arsenic of August 2024, meaning location prices are 5.5 times the median household income,' Senior Research Analyst astatine John Burns Research and Consulting, John Macke, told Realtor.com. 

Add connected that spot taxes are overmuch little successful the Southern authorities and there's nary income tax, it helps support outgo of surviving lower, according to Real Estate Agent, Cara Ameer. 

Compared to nationalist averages, those paying $100 for necessities is equivalent to McAllen locals paying $86.92, according to Realtor.com. 

Overall, the outgo of surviving successful McAllen is 13 percent little than the nationalist average.  

And owed to its proximity to the border, it is simply a fashionable buying destination for tourists connected a time trip, according to CNBC.

The municipality of astir 38,000 is simply a 'shopping mecca' for millions a year, according to its website. 

All of the cities that made Realtor.com's database are located successful the South and Midwest, with Wichita, Kansas, coming successful second, followed by Little Rock, Arkansas. 

Three Ohio cities - the astir of immoderate authorities connected the database - made the cut, with Toledo coming successful fourth, Dayton successful sixth, and Akron successful eighth. 

Other cities see Scranton, Pennsylvania; Tulsa, Oklahoma; Birmingham, Alabama; and El Paso, Texas. 

Wichita came successful second, with location prices being astir $293,000 connected average. 

The metropolis has a agelong past of entrepreneurship with it being the birthplace of Pizza Hut, White Castle, and Koch Industries, according to Realtor.com. 

Little Rock came successful 3rd and is fashionable with those from California looking for a cheaper lifestyle, the outlet said. 

The mean location terms is $291,000.