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.

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