Knowledge Builders

what states have the lowest cost of living

by Destiny Ebert DVM Published 8 months ago Updated 6 months ago
image

What cities have low cost of living?

The Cheapest States to Live Mississippi. Mississippi has the lowest cost of living in the United States. With a cost of living index of 83.3,... Kansas. Kansas offers the second-cheapest cost of living in the nation. Housing costs are 28% lower than the national... Alabama. Alabama has the ...

What state has the most affordable cost of living?

50 rows ·  · The cost of living in America varies dramatically between each state. From Mississippi being ...

What state has the lowest housing prices?

52 rows ·  · Mississippi has the lowest cost of living while Hawaii has the highest cost of living. Our ...

Which US state has the best standard of living?

 · 10. Indiana. The average price for a four-bedroom or 2,400-square-foot home in the United States is almost $366,000, according to the 2020 fourth-quarter Cost of Living Index report by the Council ...

image

What is the cheapest state to live in?

MississippiMississippi. Mississippi is the cheapest state to live in in the United States. Overall, costs in the state are 17% lower than the national average. Housing costs in Mississippi are the lowest in the nation.

What are the best states to live in financially?

Overall ranking of best states for your financesRankStateScore1Tennessee4.332Utah4.453Idaho4.594Arkansas4.9146 more rows•Mar 30, 2022

What state is the cheapest and safest to live in?

Settle down in Augusta, Georgia Augusta, a small city near Georgia's border with South Carolina, is one of the cheapest and safest places to live in the USA. It has a low crime rate and a low cost of living, making it perfect for those looking to live comfortably and save money.

What state has the best quality of life?

New York. New York ranked the highest in quality of life (1) and safety (2), with a low ranking for affordability (47).

What is the #1 best state to live in?

Best States 2021#1. Washington.#2. Minnesota.#3. Utah.#4. New Hampshire.#5. Idaho.

Where is the nicest cheapest place to live in the US?

Coming in at the top of the C2ER list was Cedar Park, Texas, which was named the most affordable place to live in America. Set outside Austin, Cedar Park made it to the top of the list, due to its low cost of living index (7.2% below the national average) and high income levels (17.8% above the national median).

What is the cheapest place to buy a house?

Keeping reading to see a list of the top 10 cheapest states to buy a home right now.West Virginia. Shutterstock.Arkansas. Shutterstock. ... Alabama. Shutterstock. ... Mississippi. Getty Images. ... Oklahoma. Shutterstock. ... Indiana. Shutterstock/Brad Whitsitt. ... Kentucky. Shutterstock. ... Ohio. Shutterstock. Median list price: $180,000. ...

What is the cheapest state to live in?

Mississippi is the cheapest state in terms of cost of living. Mississippi costs are lower than the state average in every category except for home...

What is the best state to live in financially?

Just because it’s cheap to live in a certain state doesn’t necessarily mean it’s the best place to live for your finances. You’ll also want to cons...

How much has the cost of living increased?

According to the Consumer Price Index , prices in the U.S. increased by 2.3% in 2019. Some areas where costs rose the most include medical care (4...

How do you read a cost of living index?

A cost of living index evaluates several factors, which are weighted in terms of importance. Below are the eight main expense categories we used to...

Which state has the lowest cost of living?

1. Mississippi. Mississippi has the lowest cost out of living of all 50 states. Mississippi 's cost of living index is 84.8. At a housing index of 66.7, Mississippi has the lowest housing costs in the country, with the average home price at $128,000 ad the average rent for a two-bedroom apartment at $795 per month.

Is Alabama a good state to retire in?

Alabama's housing index is only 70.2. The median home price in Alabama is $129,300, and the average rent for a two-bedroom apartment is $772 per month. Alabama is one of the best states for retirement because it offers beaches, golf, and warm weather but is significantly cheaper than Florida.

How much does a two bedroom apartment cost?

A two-bedroom apartment costs around $750 a month , and the average home value is $169,156. Transportation costs are around the national average, and grocery costs are lower than the national average. Here are the 10 states with the lowest cost of living:

Which state has the lowest cost of living?

Cheapest vs most expensive state. The cost of living in America varies dramatically between each state. From Mississippi being the least expensive state with a living cost of $48,537 to California being the most expensive state with a living cost of $68,190.

What is the cost of living index?

The Cost of Living index calculates the average cost of living at 100. Every state that averages less than 100 is considered below the national average for the Cost of Living.

What are the benefits of small towns?

Smaller cities or towns can still offer an excellent education, healthcare, and community spirit, along with an increase in your quality of living. Less traffic, more clean air, cheaper housing, and even fewer taxes in some states are a drawcard.

10. Indiana

A fuel pump stands at a Royal Dutch Shell Plc gas station in Jeffersonville, Indiana.

8. (tie) Tennessee

A customer gets a haircut at John’s Barber Shop in Knoxville, Tennessee, May 1, 2020.

8. (tie) Georgia

Yes, you can get more peaches for your money in Georgia, where a 15-ounce can will cost roughly 30% less than it would in New York. And for your main course, a New York steak is also cheaper in Atlanta than it is in New York — by almost a dollar, based on 2020 averages.

6. Alabama

An American flag is displayed outside a home in the Cloverdale neighborhood of Montgomery, Alabama.

5. Missouri

See a movie in Kansas City and it will cost about 30% less than it would in Hollywood. And if you wanted to buy a nice men’s shirt in Missouri for your first visit to a theater since before the pandemic, it would cost about 25% less than the same shirt in Boston.

2. Kansas

If Dorothy Gale were alive today — and her little dog, too — taking Toto to the veterinarian in Dodge City would cost half what it would cost in New York City. If she went to a restaurant in New York and ordered a steak, she would find the price 20% higher than at home, and she would know right away that she’s not in Kansas anymore.

1. Mississippi

Quaint clapboard 19th Century cottage style house with Stars and Stripes flag, South Canal Street in Natchez, Mississippi.

Which state has the highest cost of living?

Hawaii is the most expensive place to live in the U.S. The state's cost of living is nearly double the national average. One of the biggest factors in an area’s cost of living is housing costs. Hawaii has the highest average housing costs by far.

Is Texas a vast state?

Remember -- Texas is a vast state. Home insurance and other costs vary. If you live in El Paso, you’ll likely pay lower home insurance rates than if you lived in Houston or Galveston, which can feel the brunt of hurricanes. So, don’t just take the state averages as a reason to move to Texas.

Is Texas prone to hurricanes?

Texas is prone to hurricanes, which means higher home insurance rates. Remember -- Texas is a vast state. Home insurance and other costs vary. If you live in El Paso, you’ll likely pay lower home insurance rates than if you lived in Houston or Galveston, which can feel the brunt of hurricanes.

Is Nebraska a rural state?

Nebraska is still largely a rural state, but increasing productivity of the farms there has caused some decline in the rural population. And if rural or small-town living isn't for you, Omaha, with a population of more than 400,000, and Lincoln, at nearly 260,000 people, offer more urban amenities.

Is Utah a western state?

Like Idaho, Utah is a true western state, with ranches, forests, rivers and ski resorts. But Utah's main attraction may be its national parks – it has Zion, Bryce Canyon, Arches, Canyonlands, Capitol Reef, and the north rim of the Grand Canyon. Camping, hiking, rafting -- you name it, and you can find it in Utah.

Where is DeSoto County?

For example, DeSoto County, near the Tennessee state line, is really part of the Memphis, Tenn., metro area, which teems with ribs, blues music, the legacy of Elvis and other entertainment offerings.

What are the best places to visit in Utah?

But Utah's main attraction may be its national parks – it has Zion, Bryce Canyon, Arches, Canyonlands, Capitol Reef, and the north rim of the Grand Canyon. Camping, hiking, rafting -- you name it, and you can find it in Utah. Fortunately, you'll find a low cost of living there as well.

What is Texas known for?

While the state is known for its hot, dry climate, Texas is also home to some of the country's best beaches, which provide residents with an affordable way to beat the heat. As one of the largest states in the U.S., Texas offers some of the country's biggest cities, but it's also home to dozens of small towns for those looking for a slower pace of life. A large number of colleges and military operations allow Texas to maintain a strong, stable economy and also help bring more young people to the state.

Where is the Kentucky Derby?

Each spring, the town of Louisville, Ky., hosts one of the country's biggest sporting and cultural events. The Kentucky Derby brings people from around the world who are drawn to Southern hospitality and world-class horse racing. For the state's residents, this sense of tradition and local charm extend throughout the year, coupled with affordable housing and a high quality of life. Lexington is another hub of horse country, with the world-famous Kentucky Horse Park. And it's the home of the University of Kentucky, whose top-ranked men's basketball team makes things lively each winter.

What are the factors that affect the cost of living?

Utilities (electricity, water, etc.) Internet. Gasoline. Food (groceries plus occasional restaurant meals) Of course, a lot of factors can affect your cost of living. If you ride public transportation every day and cook all of your meals at home, your cost of living likely will be much lower than your SUV-driving, pizza-ordering neighbor’s.

What is the capital of Silicon Valley?

Food. $359.85. Nicknamed the “Capital of Silicon Valley,” San Jose is known around the world for innovation and technology. But the city has a population that surpasses San Francisco’s—and some of the steepest rental prices in the nation.

Where is Muhammad Ali's birthplace?

Louisville, KY. Birthplace of legendary boxer Muhammad Ali and home to a variety of healthy sports rivalries, Louisville is made for sports fans. Louisville also has several whiskey distilleries scattered throughout its streets, so connoisseurs of good whiskey will also feel right at home in this southeastern city. 6.

Who is Joe Roberts?

Joe Roberts is a professional writer with a degree in writing studies and over three years of copywriting experience. He previously worked at Overstock.com, where he wrote about furniture, home decor, and moving. Joe has moved all over Utah, so he knows his way around a moving truck—and he spends his time (and money) expanding his personal library so it will be even heavier next time he moves.

image
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z 1 2 3 4 5 6 7 8 9