12 Most Affordable Towns To Live In The United States

Ponca City, Okla.

Cost of living: 14.5% below U.S. average

City population: 24,134

Median household income: $44,043

Median home value: $96,600

Unemployment rate: 5.8%

Ponca City dates back to the times of the pioneers when there was a dire need for a human settlement near the Arkansas River and a freshwater spring. Soon after its establishment, the area became popular for drilling companies and it has remained so to this very day, with energy companies such as Schlumberger (SLB), ConocoPhillips (COP) and Phillips 66 (PSX) having activities in the area.

When it comes to living in Ponca City, the costs are some of the lowest in all America. More than that, the housing expenses are well below the national average, more specifically two-thirds lower, at $96,600 median value compared to the national median of $240,500.

Healthcare is also another category of less expensive services, 12.4 cheaper than what the average American is required to pay.