The 10 Most Budget-Friendly Cities In America

Want to rein in your spending and stock away more money this year? Your success may depend on where you hang your hat.

Your cost of living can vary drastically based on where you live. Residing in America’s most expensive city, New York, costs more than twice the national average, and you’d have to shell out about $US1.3 million to buy a home and spend $US22 for a mediocre haircut.

On the other hand, Tulsa, Okla., is the most budget-friendly city in the country, according to a new analysis by rental site Apartment Guide. The Midwestern metro offers a comparatively low cost of living and the lowest average rent in the nation, at $US550 a month.

Apartment Guide ranked its list of budget-friendly cities by comparing metros with the lowest average rent, based on its internal listing data, and with the lowest cost of living, according to the 2013 third quarter Cost of Living Index by The Council for Community and Economic Research. Cities in Oklahoma and Ohio are well represented.

Here are the 10 most budget-friendly cities in America:

1. Tulsa, Okla.

Average rent: $550

2. Augusta, Ga.
Average rent: $606

3. Memphis, Tenn.
Average rent: $632

4. Columbus, Ohio
Average rent: $635

5. Birmingham, Ala.
Average rent: $653

6. Dayton, Ohio
Average rent: $583

7. Indianapolis, Ind.
Average rent: $594

8. Louisville, Ky.
Average rent: $606

9. Oklahoma City, Okla.
Average rent: $606

10. Cincinnati, Ohio
Average rent: $624

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at