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2. Memphis, Tenn.

Memphis has a rich musical heritage and is the city Elvis Presley called home. But you don’t have to be rich to live there — the average cost to buy your own Graceland (albeit a more modest one and probably with less carpeting on the walls) is the lowest of all these top 10 urban areas.

Memphis has the cheapest average prices for:

Homes $190,181
Six pack of beer $7.94

Scott Olson | Getty Images