Report: Cleveland ranks 7th in Top 25 Most Frugal Cities

Residents of Orlando shine when it comes to saving money, as the Florida city took the number one ranking on the 'Most Frugal U.S. Cities' list, according to the 2013 Savings Index.

Orlando overtook Atlanta, which had held the top spot for four years running. Tampa landed the number two position, with Washington D.C., Nashville and Charlotte rounding out the top five.

Cleveland took the No. 7 spot on this year's list. Top 10, jumping one position from No. 8 on last year's list.

Ohio remains the country's most frugal state, represented three times on the list, with Cleveland topping the ranking over Columbus at No. 13 and Cincinnati at No. 18.

Orlando took the No. 1 spot, after being No. 2 last year. Orlando stole this top spot from Atlanta, which has held the No. 1 position for the last four years. Atlanta dropped to 6th place.

The 25 top Most Frugal Cities are Orlando (#1), Tampa (#2), Washington D.C. (#3), Nashville (#4), Charlotte (#5), Atlanta (#6), Cleveland (#7), Kansas City (#8), Denver (#9), Raleigh (#10), Indianapolis (#11), St. Louis (#12), Columbus (#13), San Francisco (#14), Philadelphia (#15), Virginia Beach (#16), Phoenix (#17), Cincinnati (#18), Dallas (#19), Boston (#20), Minneapolis (#21), Milwaukee (#22), Chicago (#23), Pittsburgh (#24), and Providence (#25).

The Midwest remains the top frugal region, with nine cities on the list. The Southeast is the second most frugal region of the country with six cities on the list.

315 billion coupons were issued in the U.S. in 2013, giving consumers more than $510 billion in potential savings. This ranking is measured by coupon usage per capita in major greater metro areas.

Washington D.C. jumped into the top ten, advancing eight spots to number three and pushing Atlanta out of the top five. Raleigh made the biggest jump overall, moving to the number 10 spot, from number 36 in 2012. Indianapolis was the second biggest gainer, moving up 16 spots to land at number 11.

The Southeast landed every one of the top six slots, taking eight spots on this year's list. But that still didn't keep it from being edged out by the number one region overall – the Midwest. Nine cities in the Heartland made the list, with Cleveland excelling over its neighbors and taking the number seven slot.


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