The cost of living where you're planning to move is an important factor to consider because you want to live comfortable and still have money left over to enjoy the restaurants, attractions and shopping that made the U.S News Best Place to Live in the U.S. truly top-notch. We broke down the rankings to find out which of the 100 Best Places to Live cost the least. Based on how much of the average individual's income is required to own a home or rent in the area, including the cost of utilities, we found the 20 best place to live wit the lowest cost of living.
#20 Charlotte, NCMedian Annual Salary: $48,290
Income spent of Living Expenses: 29.04%
Charlotte rounds out the top 20, with a fairly low cost of living - area residents spend less than 30% of their average income on housing. But while Charlotte has a fairly low cost ofl iving now, it also has a high population growth by net migration. As more people move to Charlotte, housing prices will likely continue to inch toward the national median price of $218,867.
US News Real Estate