Simple Dollar, an online publication that offers financial advice on a variety of topics, has named College Station, the home of Texas A&M University, the sixth most affordable college town in America.
The editors of the publication point out that when students pick a college, they are also picking a home for the next four years so the location can also determine the money needed to live there.
“The Simple Dollar team has conducted a thorough analysis of college towns across America to determine the 10 most affordable ones for college students to keep on their radar,” they add.
They considered facts such as Texas A&M being consistently listed as a “best value” among the nation’s top 100 public colleges by Kiplinger. The university also was named as a “best buy” in the 2014 edition of the Fiske Guide to Colleges and is ranked third overall in the nation in terms of research capacity.
In addition to the university itself, other major factors considered included the fact that College Station was named by U.S. News and World Report as a “Great Underpriced College Town” and by Forbes as one of the top “20 Best College Towns in America.”
“It’s such a privilege to be home to a world-class university,” said College Station Mayor Nancy Berry. “Our low tax rate makes College Station highly attractive, but it’s really more than that. People are moving here for our public schools, healthcare, green spaces, new industry and, increasingly, to retire in the same place where they spent the best years of their lives — at Texas A&M.”
The Simple Dollar.com team also found the average rent for a one-bedroom apartment in the city center is about $825. Costs lower dramatically for living just outside the city, with an average rent of a one-bedroom apartment being around $570. “Overall, College Station is 6 points below the national average cost-of-living,” they report.
The list is headed by Knoxville, Tenn., Cookeville, Tenn., Conway, Ark., Cedar City, Utah and Gainesville, Fla..
The complete article can be found here.