GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.
These brands compensate us to advertise their products in ads across our site.
This compensation may impact how and where products appear on this site.
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.
you could read more about oureditorial guidelinesand our products and servicesreview methodology.
Also of concern has been the rather steep mortgage prices across the country amid a struggling housing market.
However, high cost of living isnt unique to the big cities or the coasts.
In fact, a number of these small cities are barely affordable as is.
GOBankingRates found cities in the Southern United States using the U.S. Census American Community Survey.
The expenditure and mortgage costs were used to calculate the average cost of living.
The statewide home values and mortgages were calculated using the Zillow Home Value Index and compared to each city.
The leftover savings from median household income were scored and weighted at 1.50.
The difference from home mortgages was scored and weighted at 1.00.
All data was collected on and is up to date as of Jan. 9, 2025.
For our full Privacy Policy,click here.
