What States Have the Most Affordable Cost of Living?


Quick Answer

Tennessee, Oklahoma and Arkansas are three states with low costs of living based on median salaries and housing prices, as of 2015. Each state offers affordable urban and rural living areas, as well as opportunities to explore social and nature-based activities.

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Full Answer

The median cost of a home in Tennessee is approximately $138,000, while the median income is about $42,000. Knoxville, in eastern Tennessee, and Memphis, in western Tennessee, are urban areas that offer low costs of living. People living in Tennessee can visit the Mississippi River in the western part of the state and the Great Smoky Mountains in the east. The climate in Tennessee consists of four distinct seasons with primarily mild weather year-round.

People in Oklahoma have a median income of about $42,000, and the median price of a home there is approximately $100,000. The state has several urban areas and universities, and the Oklahoma Arts Council acts as an advocate for the state's artists and offers grants for artistic ventures. People living in Oklahoma can experience cultural events related to Native American culture and the Wild West.

The median cost of a home in Arkansas is about $100,000, while families have a median income of about $40,000. The state boasts 51 parks, is home to the Ozark Mountains, and has a mostly mild climate with four distinct seasons.

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