San Luis Obispo, often affectionately called SLO, has been recognized as the most underrated town in California by Cheapism. Situated along the Central Coast between Los Angeles and San Francisco, this charming town boasts stunning beaches, natural landscapes, and a wealth of activities that rival more prominent Californian destinations. According to Cheapism, San Luis Obispo offers a blend of surfing, wine tasting, cave swimming, and vibrant nightlife, all without the crowds and high costs associated with L.A. and the Bay Area. With its college-town atmosphere, thanks to the presence of California Polytechnic State University, SLO stands out as a hidden gem worth discovering.