Wichita is one of the best places in the U.S. to save money.
Wichita came in seventh among the best cities for saving money, according to the list. In order, the top cheapest cities to live in are Virginia Beach, Va.; San Antonio; Oklahoma City; Omaha; Arlington, Texas; and Kansas City, Mo., the website said.
The website touted Wichita’s low cost of housing – citing the city’s median home listing price of $137,250 – as one of its main money-saving perks.
Never miss a local story.
So why is Kansas City listed as being a more affordable city than Wichita?
“The main difference is the monthly cost of groceries between Wichita ($324.47) and Kansas City ($296.30),” said Natalie Richter, a Go Banking Rates spokeswoman. “If we’re looking at saving money, Kansas City is the better option by just a hair because of monthly grocery prices.”
Go Banking Rates, which is owned by a company called Consumer Track, ranked the 60 highest-populated U.S. cities using seven categories: income, unemployment, home prices, rent prices, gas prices, cost of groceries and sales tax figures.
Of the 15 worst cities to live and save money, 11 are in California and all but New York City and Miami are west of the Rocky Mountains, according to the website’s findings. The most expensive cities to live in, according to to the findings, are San Francisco and Los Angeles.
In San Francisco, Go Banking Rates found that the median home listing price is nearly $1.2 million. The information, according Richter, was derived from several sources, including the Census Bureau, the Bureau of Labor Statistics and TaxFoundation.org.