The report based their research on how much of an individual’s annual income is required to own a home or rent factoring in the cost of utilities and other living expenses. After a list was compiled of the top 100 cities that meet the best-case scenario, Fayetteville climbed its way to the top with "the average individual spending less than 24 percent of their income on housing costs."
The state of Arkansas has been growing at a record pace, and Fayetteville is the fastest-growing city in the state. The report states “Fayetteville grew by 4.76 percent due to net migration between 2010 and 2014.” This growth, along with low cost of living, boosts desirability to live in Fayetteville and paves the way for this influx of residents to continue in the future.
After being ranked among the Top 3 best places to live in America earlier this year, Fayetteville definitely has a lot going for it. It was the only city to make the top ten in both lists.
U.S. News & World Report is a digital news and information company that empowers people to make better, more informed decisions about important issues affecting their lives. Focusing on Education, Health, Personal Finance, Travel, Cars and News & Opinion, www.usnews.com provides consumer advice, rankings, news and analysis to serve people making complex decisions throughout all stages of life. 35 million people visit www.usnews.com each month for research and guidance. Founded in 1933, U.S. News is headquartered in Washington, D.C.
Read the full list of top 100 most affordable places here at usnews.com