10 Cheapest Places to Live in the US

5) Pueblo, Colorado

Pueblo, Colorado has been rated one of the “Ten Cheapest Places to Live” by the Council for Community and Economic Research. The AARP also named it as a great place to retire affordably. About 100 miles from Denver, Pueblo is major steel producer, and the mill is the biggest recycler of scrap steel in Colorado. After the recession in the early 1980s, the city focused on redevelopment and bringing additional business and manufacturing opportunities, including retail, tortilla manufacturing and technology services. Pueblo is also the primary place in the state for solar energy development. Vestas Wind Systems installed a wind turbine tower manufacturing plant. The cost of living is about 16.6 percent below the average. The median household income is $35,176. The median home price is $116,700 with property taxes averaging around $1,000 per year.