According to CBS Money Watch, the town with the nation’s lowest cost of living is Harlingen, Texas, located in the state’s southernmost tip and with a population of 74,950. The after-tax cost to maintain a standard of living enjoyed by the average company manager or other professional is roughly 17 percent lower than the national average. A pound of ground beef in Harlingen costs $2.35, compared with $3.30 nationally as of January, while a night out at the movies will run you $9. The average price of a home is $229,558.
The average cost of a home in McAllen, Texas, the third-least expensive community in the country, is $178,000, while a two-bedroom/two-bath apartment rents for $708. The cost of living in McAllen, population of 130,831, is 16.2 percent cheaper than the national average. McAllen’s cost of living is 15 percent lower than Austin, 61 percent lower than Seattle, 70 percent lower than Washington, D.C., and 163 percent lower than Manhattan in New York City.