The city of Raleigh has a new distinction as home to some of the most frugal-minded folks in America.
According to a study released this week by the website Coupons.com, the capital city ranks among the top five most frugal cities in the United States for 2011.
Atlanta was named the No. 1 most frugal city, followed by Tampa, St. Louis, Cincinnati and then Raleigh.
This year's No. 5 spot was a big move up in the frugal standings for Raleigh, which ranked as the 10th most frugal city in the 2010 survey, said Patrick Crisp, a spokesman for Coupons.com, which is based in Mountain View, Calif.