According to the Mercer’s list of World’s Cheapest Cities for Expensive Living 2011 Winston-Salem is the cheapest city to live well in the country. Here’s the description from the site, which ranks Winston-Salem number 18 in the world:
This city of 230,000 people is the least-expensive U.S. city in Mercer’s survey. Winston-Salem, home to Reynolds American (RAI)—the holding company of cigarette maker R.J. Reynolds Tobacco—as well as Wake Forest University, Wake Forest University Baptist Medical Center,Novant Health, and Hanesbrands (HBI), has a median household income of $41,979 and a poverty rate of 13.5 percent, according to U.S. Census Bureau data.
Unfortunately the site also claims this:
Monthly rent, unfurnished 2-br luxury apartment: $500
I think that might come as a bit of a surprise to our members in Winston-Salem:)