10 US Cities with Cheapest Cost of Living

Kiplinger.com ranked the most affordable US MSAs to live in.  The Killeen-Temple-Fort Hood MSA was #3 in their rankings.

According to Kiplinger:

Cost-of-Living Index: 84.8

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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