Study: City No. 2 in US for cheapest metro areas to live ROSA SALTER RODRIGUEZ | The Journal Gazette Fort Wayne residents can send up a rousing cheer based on the results of a new study that found the city the second-cheapest place to live among 150 of the nation's most populous metropolitan areas. Published by U.S. News and World Report, the 2021-22 version of the annual study ranked the Summit City just below Huntsville, Alabama, and just ahead of the Quad Cities – Davenport and Bettendorf in Iowa and Moline and Rock Island in Illinois. Other cities in the top five are Hickory, North Carolina, and Des Moines, Iowa. Rounding out the top 10 are Green Bay, Wisconsin; Grand Rapids, Michigan; South Bend; Pittsburgh; and Fayetteville, Arkansas.