5 best affordable places to live if you don’t have a car

5 best affordable places to live if you don't have a car

Let’s face it: owning a car is expensive. That’s why you may have decided to look for an affordable new place to live where you don’t need one.

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Considering the average cost of owning and operating a vehicle in the US is $6,578 per year (assuming you drive 15,000 miles per year), according to the Bureau of Transportation Statistics, this decision can seriously save you money.

In fact, the average annual cost of living in the US is $35,491, so opting out of car ownership can make it much easier to stay on budget. Of course, when you think of places where you don’t need a car to get around, you probably think of New York City, Washington, DC, and Chicago — and they’re not exactly cheap.

To make this decision easier, GOBankingRates conducted a survey to determine the five most affordable places to live if you don’t have a car. All of the cities on this list have a lower annual cost of living than the US average — our monthly cost of living includes public transportation, health care, groceries, utilities, and miscellaneous expenses.

Here are the five most affordable cities to move to if you don’t have a car.