Advertiser Disclosure
GOBankingRates works with many financial advertisers to showcase their products and services to our audiences. These brands compensate us to advertise their products in ads across our site. This compensation may impact how and where products appear on this site. We are not a comparison-tool and these offers do not represent all available deposit, investment, loan or credit products.
15 Best Small Cities To Live In — How Affordable Are They?



Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information. We use data-driven methodologies to evaluate financial products and services - our reviews and ratings are not influenced by advertisers. You can read more about our editorial guidelines and our products and services review methodology.
20 YearsHelping You Live Richer
Reviewed by Experts
Trusted by Millions of Readers
One strategy many Americans make when struggling to pay for high cost-of-living expenses is moving to a cheaper area. Often, they will swap out a major metro in favor of a small city where there’s more affordable housing and lower monthly expenditures.
If you’re looking for an affordable small city to relocate to, there’s good news. WalletHub recently shared a study outlining the best small U.S. cities to live in. Their top 15 cities are below. GOBankingRates also included each city’s average home value as sourced by the Zillow Home Values Index and median rent via Zumper to further determine each city’s housing affordability.
See how affordable it is to live in these 15 small cities.
Also see other affordable small towns with great quality of life.
Castle Rock, Colorado
- Affordability rank: 84
- Education and health rank: 58
- Quality of life rank: 411
- Safety rank: 127
- Average home value: $670,403
- Median rent: $2,800
Noblesville, Indiana
- Affordability rank: 78
- Education and health rank: 64
- Quality of life rank: 595
- Safety rank: 11
- Average home value: $365,705
- Median rent: $1,708
Leesburg, Virginia
- Affordability rank: 160
- Education and health rank: 28
- Quality of life rank: 154
- Safety rank: 55
- Average home value: $810,469
- Median rent: $2,200
Fair Lawn, New Jersey
- Affordability rank: 101
- Education and health rank: 34
- Quality of life rank: 950
- Safety rank: 21
- Average home value: $653,179
- Median rent: $3,800
Milton, Massachusetts
- Affordability rank: 178
- Education and health rank: 20
- Quality of life rank: 758
- Safety rank: 47
- Average home value: $1,023,705
- Median rent: $3,270
Westfield, Indiana
- Affordability rank: 20
- Education and health rank: 59
- Quality of life rank: 1001
- Safety rank: 6
- Average home value: $443,286
- Median rent: $1,870
Bozeman, Montana
- Affordability rank: 1139
- Education and health rank: 92
- Quality of life rank: 39
- Safety rank: 231
- Average home value: $739,836
- Median rent: $2,250
Lancaster, Pennsylvania
- Affordability rank: 818
- Education and health rank: 657
- Quality of life rank: 10
- Safety rank: 56
- Average home value: $352,095
- Median rent: $1,679
Brentwood, Tennessee
- Affordability rank: 98
- Education and health rank: 129
- Quality of life rank: 385
- Safety rank: 60
- Average home value: $1,262,903
- Median rent: $2,462
Apex, North Carolina
- Affordability rank: 30
- Education and health rank: 296
- Quality of life rank: 542
- Safety rank: 222
- Average home value: $611,264
- Median rent: $1,995
Appleton, Wisconsin
- Affordability rank: 172
- Education and health rank: 172
- Quality of life rank: 64
- Safety rank: 149
- Average home value: $272,140
- Median rent: $1,199
Fishers, Indiana
- Affordability rank: 19
- Education and health rank: 43
- Quality of life rank: 616
- Safety rank: 5
- Average home value: $419,856
- Median rent: $1,860
Lexington, Massachusetts
- Affordability rank: 518
- Education and health rank: 1
- Quality of life rank: 118
- Safety rank: 12
- Average home value: $1,510,336
- Median rent: $3,965
Brookfield, Wisconsin
- Affordability rank: 76
- Education and health rank: 33
- Quality of life rank: 292
- Safety rank: 49
- Average home value: $475,810
- Median rent: $1,771
Carmel, Indiana
- Affordability rank: 26
- Education and health rank: 44
- Quality of life rank: 280
- Safety rank: 4
- Average home value: $526,878
- Median rent: $1,793
Editor’s note: Photos are for representational purposes only and might not reflect the exact locations listed in this article.
Share This Article:
You May Also Like




7 Lessons To Learn If You Want To Become a Millionaire, According to Vincent Chan
July 10, 2025
3 min Read

Here's the Minimum Net Worth To Be Considered Upper Class as a Retiree
September 22, 2025
3 min Read

Barbara Corcoran: 'Fun Is Good for Business' -- 7 Ways You Can Balance Work and Play (and Still Make Money)
September 22, 2025
3 min Read


The Worst Financial Advice Grok Gave Me and What Experts Say To Do Instead
September 22, 2025
3 min Read



Questions Around The Economy
Make your money work for you
Get the latest news on investing, money, and more with our free newsletter.
By subscribing, you agree to our Terms of Use and Privacy Policy. Unsubscribe at any time.

Thanks!
You're now subscribed to our newsletter.
Check your inbox for more details.



Sending you timely financial stories that you can bank on.
Sign up for our daily newsletter for the latest financial news and trending topics.
For our full Privacy Policy, click here.
Looks like you're using an adblocker
Please disable your adblocker to enjoy the optimal web experience and access the quality content you appreciate from GOBankingRates.
- AdBlock / uBlock / Brave
- Click the ad blocker extension icon to the right of the address bar
- Disable on this site
- Refresh the page
- Firefox / Edge / DuckDuckGo
- Click on the icon to the left of the address bar
- Disable Tracking Protection
- Refresh the page
- Ghostery
- Click the blue ghost icon to the right of the address bar
- Disable Ad-Blocking, Anti-Tracking, and Never-Consent
- Refresh the page