5 Best Cities for Cheapskates
Third-best city for cheapskates: Norman, Okla.
Cost of living: 16.2% below U.S. average
Move to the University of Oklahoma's hometown and you'll save money Sooner rather than later.
That's primarily because Norman -- home to the famous Oklahoma Sooners college-sports teams -- boasts housing costs that run 27.6% below the U.S. average. That's the 12th-best showing of any community in CCER's poll.Norman's 111,000 residents also pay the third-lowest prices for miscellaneous items, which run 13.8% below the national average. Similarly, locals enjoy 16.8% below-average prices for utilities and 13.2% less for groceries, as well as 11.4% under the U.S. average for health care and a 3.9% discount on transportation. Frutiger says college towns usually have high costs of living due to strong housing demand, "but Norman throws a wrench into that theory." Located just outside of Oklahoma City, the community has placed third on CCER's list of low-cost communities for two years running.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts