20 cities in which you can live on $ 50 thousand per year

If you are struggling to make ends meet, the place of residence is of great importance. In some cities in the United States, it can be difficult to stretch even a large salary to pay for basic necessities, not to mention savings or entertainment, but somewhere it will be easier for the same money. Maybe it's time to move?

Springfield, Massachusetts. Photo: Depositphotos

To help you choose the cheapest places to live, GOBankingRates compares living expenses in the largest US cities. Here are the top twenty places where you can live on less than 270 thousand dollars a year and, accordingly, less than 50 thousand a month. Go!

20. San antonio

Required annual income: $ 43,460.40
Monthly Income Required: $ 3,621.70

Although San Antonio is one of the cities where you can live on $50 or less, that enjoyment may not last long. In a separate study, GOBankingRates named the city one of the 000 places in America where the cost of living is rising.

19. Las Vegas

Required annual income: $ 43,454.96
Monthly Income Required: $ 3,621.25

Las Vegas is still one of the most accessible places to live. The cost of health care, utilities and groceries is lower than in most cities on our list.

18. Oklahoma City

Required annual income: $ 42,908.56
Monthly Income Required: $ 3,575.71

Oklahoma City offers many big city amenities without breaking the bank. For example, here one of the lowest rental rates is only $700 per month.

17. Louisville, KY

Required annual income: $ 42,448
Monthly Income Required: $ 3,573.33

Louisville is one of the best cities to live on a budget. Utility costs here are among the lowest in the country, at approximately $142 per month.

16. Memphis, Tennessee

Required annual income: $ 42,260.16
Monthly Income Required: $ 3,521.68

Memphis is one of the best places to live on $50 or less, largely due to low utility and rent costs. This is a great big city for renters. The average rent for a one-bedroom apartment is just $000.

Memphis, Tennessee. Photo: Depositphotos

15. Newark, NJ

Required annual income: $ 41,948.56
Monthly Income Required: $ 3,495.71

Newark is the first city on this list where you can live on less than $42 per year. But you'll likely need a higher salary if you want to be a homeowner rather than a renter; Newark is one of the top 000 cities where home prices are skyrocketing.

14. Columbus Ohio

Required annual income: $ 41,750.96
Monthly Income Required: $ 3,479.25

Ohio's capital city has a low cost of living. It is also one of the best cities to retire to. Plus, it has the second lowest gas price in the country at $1,498 per year, but the cost of fuel in Newark is even lower at $803.

13. Tucson, Arizona

Required annual income: $ 41,297.84
Monthly Income Required: $ 3,441.49

Low rent, gas and utility costs make Tucson one of the best cities to live on a budget. The average monthly rent in this city is just $614. This is a key reason why Tucson is one of the cities where you can realistically live on minimum wage.

12. Billings montana

Required annual income: $ 41,025.52
Monthly Income Required: $ 3,418.79

This city has the second lowest monthly utility cost in the country, at just $104 per month, and one of the cheapest rental rates, $675.

11. Rochester, New York

Required annual income: $ 40,799.68
Monthly Income Required: $ 3,399.97

The cost of living in Rochester is much lower than in the largest city of the state: in New York. It is also an affordable place for retirees, the city is considered one of the cheapest places to retire in the United States.

Rochester, New York. Photo: Depositphotos

10. Indianapolis

Required annual income: $ 40,726.80
Monthly Income Required: $ 3,393.90

Although it is the capital of Indiana, Indianapolis is one of the cities where your salary can stretch out for a long time. The average monthly rent is just $775. The cost of products is also one of the lowest, on average, $335.

9. Tulsa, Oklahoma

Required annual income: $ 40,075.04
Monthly Income Required: $ 3,339.59

Low housing costs are a good reason why Tulsa is one of the cheapest cities to live. The average monthly rent is just $595, the second-highest on this list.

8. Wichita, KS

Required annual income: $ 39,387.20
Monthly Income Required: $ 3,282.27

It only takes about 19 700 US dollars to cover the cost of essential items in Wichita, mainly due to the low average rent in the amount of 679 dollars.

7. Cincinnati

Required annual income: $ 39,036.80
Monthly Income Required: $ 3,253.07

Medical expenses in Cincinnati are among the lowest in our list, and other affordable necessities allow you to live here with incomes of less than 40 000 dollars, not to mention 50 thousands.

6. Albuquerque, New Mexico

Required annual income: $ 38,086.08
Monthly Income Required: $ 3,172.34

The average monthly premium of $224 is the lowest on our list. Monthly rent is $749 and other necessary costs are low enough to live well on $38 a year.

Albuquerque, New Mexico. Photo: Depositphotos

5. Lexington, KY

Required annual income: $ 37,729.04
Monthly Income Required: $ 3,144.09

Lexington is one of the cities with high salaries and a low cost of living. With an average monthly rent of $750, the cost of housing is only $9 per year. Combined with other needs, discretionary spending, and savings, $000 would be enough for you to live here comfortably.

4. Fresno, California

Required annual income: $ 37,465.52
Monthly Income Required: $ 3,122.17

In California, you usually need to earn a lot to afford rent and other living expenses. But Fresno is much more accessible than many cities. You need total 37 466 dollars to cover expenses for necessities, savings and discretionary expenses.

3. Detroit

Required annual income: $ 34,808.64
Monthly Income Required: $ 2,900.72

Detroit is one of the cheapest places to live, with rent costing just $600 per month and healthcare costing around $230. However, it is also one of the least tax-friendly American cities.

2. El Paso TX

Required annual income: $ 34,692.56
Monthly Income Required: $ 2,891.05

El Paso offers the second largest average rent in the amount of 595 dollars, as well as low costs for products and utilities.

1. Springfield, Massachusetts

Required annual income: $ 33,175.60
Monthly Income Required: $ 2,764.63

Springfield's average monthly rent of $495—the lowest on our list—makes it one of the most affordable places to live in the United States. And other expenses are low enough that you can live here comfortably on a very modest amount.

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