5 Cheapest Places To Live In The US in 2024

2. Youngstown, Ohio

Cost of Living Index: 74.4

Youngstown is the county seat of Mahoning County in Ohio. It is the principal city of the Youngstown–Warren metropolitan area, which is the seventh largest metro area in the state. The city was traditionally known for steel production before the US steel industry went into decline during the 1970s. It is still home to several steel manufacturing operations, though not to the extent of the past. Youngstown is considered one of the cheapest places to live in the US with a cost of living 25.6% below the national average.