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June 2011

10 U.S. Cities With the Cheapest Cost of Living

9. Austin, Tex.

Courtesy of Daniel Mayer

Cost of Living Index: 87

Metro Population: 1,589,393

Median Household Income: $57,109

Average Home Price: $229,145

The Austin metropolitan area includes Round Rock, Georgetown and Cedar Park, and it is home to numerous technology companies, most famously Dell. The result is that median household income is relatively high here, just $2,000 less than the median income of Los Angeles, one of the most expensive metro areas in America to live. But Austin’s housing, transportation and food costs remain very low compared to national averages. And like all Texas residents, workers in Austin aren’t subject to state income tax.



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