12 Most Affordable Towns To Live In The United States

Tupelo, Miss.

Cost of living: 19% below national average

City population: 38,271

Median household income: $50,694

Median home value: $145,400

Unemployment rate: 5.6%

Tupelo is well known among rock'n'roll fans as being the birthplace of Elvis Presley, one of the reasons it hosts the Elvis Festival every year in June. If rock'n'roll is not your favorite music, then you can listen to the beautiful orchestrations of the North Mississippi Symphony Orchestra, one of the main attractions on Tupelo's cultural scene.

But one of the most important things in Tupelo is the extremely low cost of living. According to the Cost of Living Index, housing expenses are 34 percent below the national average, while household bills are 12 percent cheaper than what the average American pays while groceries are 16 percent lower. Downtown Tupelo has many cute stores and restaurants, with just the right amount of things to do.