There are some other takeaways from the study worth noting, too. For instance, a number of the cities on the list have notably low median household incomes. In fact, 12 of them are under $40,000, which is significantly less than the national average of $55,000. The GOBankingRates.com team also found that the cost of living in a city correlates strongly to the median income level there. They discovered that of the 15 cities with a cost of living higher than the national average, nine of them are among the "richest" in the ranking. Alternately, the majority of the 10 cities with the lowest median incomes are also those where the cost of living is exceptionally low, and well below the national average.
Of course, you don't necessarily have to move to Davenport, Iowa or even stay in the States to get more bang for your buck. There are still lots of great places where you can actually afford to buy a house these days, and plenty of crazy-beautiful, dirt cheap places abroad practically begging you to relocate there.