30 Most Affordable Cities in America

4. Amarillo, Texas

Cost of Living: 15.4% lower than the national average
Median Home Value: $164,682
Median Household Income: $52,725
Unemployment Rate: 4.0%

Originally known as Oneida, Amarillo is a city in the state of Texas with an estimated population of over 200,000. Situated in the Llano Estacado region, it is the largest city in the Texas Panhandle. Considered the regional economic center for the Texas Panhandle, Amarillo was once the self-proclaimed ‘Helium Capital of the World’, due to owning one of the country’s most productive helium fields. The meat packing industry is also a major industry in the city, along with the petroleum extraction industry. Some of Amarillo’s largest employers include the BWX Technologies, Inc. (NYSE: BWXT) Pantex Plant, a nuclear weapons assembly and disassembly facility, Amazon.com, Inc. (NASDAQ: AMZN) and the Texas Tech University, leading to the most economic development the city has witnessed in the past thirty years. Despite the economic growth, Amarillo remains an exceptionally affordable city, with housing costs over 34.8% less than the average American pays and a Cost of Living 15.4% lower than the U.S average. Thus, Amarillo secures a spot at the 4^th place on our list.

gpointstudio/Shutterstock.com