8. Fayetteville, Arkansas:

The people of this city do not have huge salaries, but the employment rate is less as compared to the national average. It has also got the University of Arkansas, which serves as the local employer here. Cost of housing and other utilities is quite low. All these factors combine and make this a preferred destination for students.

9. McAllen, Texas:

This is another place that is really cheap, with living cost 14.6 pct below the national average. Unemployment rate here is high, but other factors and cheap housing make it a good buy for students. Groceries also come really cheap making it an affordable choice.

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