The Cheapest Metro Areas to Live Forbes magazine looked at the 100 least expensive places to live. It ranked all 380 metropolitan areas based on cost-of-living data from Moody’s Economy.com and home affordability from the National Association of Home Builders and Wells Fargo.The magazine also factored in four quality-of-life considerations, including the rate of violent crime, unemployment, average salary for college grads, and cultural opportunities.Here are the cheapest places by region:
1. Durham-Chapel Hill, N.C.
2. Charlotte-Gastonia-Concord, N.C.-S.C.
3. Atlanta-Sandy Springs-Marietta, Ga.
Source: Forbes (07/14/2009)