Yes, Mansfield is regarded as a cheap city to live in. Mansfield's cost of living is about 15% less than the national average. Mansfield's median home price is around $120,000, considerably less than the national median of $375,000 for homes. Mansfield is cheaper than many other cities regarding groceries, transportation, and utilities. In general, Mansfield is a good choice for those who want to reduce their housing and other costs. Before deciding to relocate, it's crucial to know the city's high crime rate and shortage of employment options.