This month, real estate agent. Com published its list of the 10 cities with the lowest cost of living using the most recent regional price parities data from the Bureau of Economic Analysis (BEA) of the U.S. Department of Commerce. Regional price parities indicate the variations in the price levels of goods and services in different states and metropolitan areas, expressed as a percentage of the national price level, according to the BEA. Hannah Jones, a senior economic research analyst at Realtor, comments on this data. According to com, it’s not a surprise that most of the cities on the list are located in the South and the Midwest. “Housing is a major factor in this.” “According to Jones, home prices are usually more affordable in the South and the Midwest. As demand increases, these markets can grow, contributing to lower housing costs.” Housing prices are quite reasonable due to their capacity to adjust to demand. McAllen, Texas is the American city that has the most affordable cost of living. McAllen, Texas was identified as the city with the least expensive cost of living. It had an RPP of 86.92%, and the cost of living is 13% below the average.
