Considering how much money these stars have in the bank, it would not be surprising to hear they live in extravagant homes. However, these particular stars, along with many others, prefer to live modest home lives.

Pete Wentz
1. Pete Wentz
Peter Lewis Kingston "Pete" Wentz III is the bassist and primary lyricist for the band Fall Out Boy. He also owns a record label that has signed acts like Gym Class Heroes and Panic! at the Disco. Despite this success, Wentz lives in a small, four-bedroom house in Studio City, California, that only cost $1.5 million, a reasonable amount for basic homes in that part of California.

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