Cost of living makes a big difference when choosing where to move -- and not all places were created equal. The most affordable small town in every state has been identified by www.BusinessInsider.com. (They defined 'small town' as towns with populations between 1,000 and 10,000.)

 Ferrum has been identified as the most affordable small town in Virginia, with 94.2% of homes being deemed affordable. Ferrum was also cited as being home to Ferrum College, named one of US News' best regional colleges in the South this year.