Whether you're a student considering college options or someone who enjoys living near a university, here are the most affordable college towns, per WalletHub.
Edinburg, home to the University of Texas Rio Grande Valley, ranks as the most wallet-friendly college town, according to WalletHub's "To determine the most affordable college towns, WalletHub evaluated 415 cities of various sizes that had a college or university population of at least 7,500 students. Several factors were used to rank the cities, including housing costs; monthly fitness club fees; the average price of pizza, burgers, movies and bowling; and the cost of higher education.
Numerous other Texas cities made WalletHub's list as well. Brownsville came in third place, McAllen and Nacogdoches ranked fifth and sixth, respectively, and Killeen came in ninth place.College towns aren't just for students"You have to think about what resources the town has and what resources you have," Kelly McFaden, a University of North Georgia professor, says in WalletHub's report.
"Many college towns have a strong orientation toward students. You can typically find affordable dining and entertainment, and the cost of living is often reasonable," Michael T. Miller, a University of Arkansas professor, says in WalletHub's study. Since the beginning and end of the semester usually falls around the same time from year to year, people living in the community can easily make plans around when students are on or off campus, Miller says.
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