Cost of living: 13.4% below national average
City population: 40,914
Median household income: $46,927
Median home value: $96,300
Unemployment rate: 4.8%
Located on the Arkansas River, Hutchinson, called Hutch by the locals, stands out as one of the cheapest small towns in the United States due to its extremely low housing costs, the lowest, actually, among all cities on our list. These are 41,3 % lower than the U.S. average, with rents 43% below the national average and real estate prices 40% lower than the rest of America.
In terms of the cost of living, residents of this former railroad town don’t pay much less than an average American, but they do pay 7 percent less for groceries than the U.S. average.