3. Wichita Falls, Texas
When speaking about good places to live in Texas, we can’t carry on without mentioning Wichita Falls. Straight to the point – it has one of the lowest home values on any list of cheap and affordable cities. If you’re planning on moving to Wichita Falls, you most probably won’t need more than $100,000 (except if you plan on living luxuriously). On the other hand, if you’re the renting type, your average apartment rent amounts to about $570 a month, which is $316 less than the national average. If you still don’t fully understand how cheap that is, think of it like this – an average apartment in Manhattan will cost you over $3,500 a month, and that’s just a place to live.
Wichita Falls’ income is rather solid, despite the fact that the city has a more than reasonable price tag on its apartments and homes. The unemployment rate stands at a low 5% while the overall rate in the US was 6.7% in 2014. If you’re wondering who the main contributor to the regional economy is, it’s the Sheppard Air Force Base, the top employer of Wichita Falls.