New London, Connecticut is salary.com’s #1 most affordable city for 2005:
“The living costs measured in the new Salary Value Index include housing, food, transportation, utilities and state taxes. The index also factors in an area’s employment and job-growth rates.
What it does not account for are quality-of-life issues, such as culture, school systems and the weather.”
… or, you know, the fact that the city may seize your house and knock it down.