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CBSMoneyWatch: 10 Cheapest Places to Live in the U.S.

Fayetteville, Ark.

Forbes Magazine recently named Fayetteville, Ark., one of the best places in the U.S. for "businesses and careers." An added benefit? It's affordable. The average home price is $228,200, and a two-bedroom/two-bath apartment goes for $543 per month. When food shopping, ground beef costs $3.22, and the average cost of a loaf of bread is $1.25. A trip to the movies will set you back a modest $8.70, compared with more than $12 in New York City. Fayetteville's overall cost of living is 15.4 percent lower than the national average.

(iStock)

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