Fayetteville named among 10 most inexpensive places to live

Screen capture, kiplinger.com

Fayetteville was named one of the least expensive cities to live in the U.S. in 2013.

Fayetteville ranked No. 5 on the recently-released list, complied by kiplinger.com, based on the Council for Community and Economic Research’s calculations of living expenses in 307 urban areas. According to the calculations, cost of living in Fayetteville is 14 percent below the national average. Cities with populations below 50,000 were excluded from the study.

“While salaries aren’t big, unemployment in the Fayetteville area is below the national average,” the article states. “Paychecks stretch further thanks to Fayetteville’s particularly low housing, transportation and utility costs.”

Fellow Arkansas city Conway also made the list at No. 9 with a cost of living at 12.9 percent below the national average.

10 cheapest places to live in the U.S.

1. Harlingen, Texas
2. McAllen, Texas
3. Norman, Okla.
4. Memphis, Tenn.
5. Fayetteville, Ark.
6. Wichita Falls, Texas
7. Pueblo, Colo.
8. Springfield, Ill.
9. Conway, Ark.
10. Idaho Falls, Idaho