Which state has the lowest cost of living?

Which state has the lowest cost of living?

Mississippi. Mississippi has the lowest cost of living in the United States. With a cost of living index of 83.3, expenses are nearly 17% less than the national average. Mississippi’s housing costs are the lowest in the nation.

Which are the 10 most expensive states to live in?

Here are the 10 states with the highest cost index:

• Hawaii (193.3)
• New York (148.2)
• California (142.2)
• Massachusetts (135)
• Oregon (130.1)
• Alaska (127.1)
• Maryland (124)
• Connecticut (121.6)

Which states cost the most to live in?

Below is a list of the five most expensive states to live in the U.S. according to the study:

• Hawaii.
• California.
• Massachusetts.
• New Jersey.
• Connecticut.

What is the best site to compare cost of living?

The 4 Best Cost of Living Calculators

1. NERDWALLET. NerdWallet uses your current city, future city, and current income to predict the salary you’ll need in order to maintain your current lifestyle in the new location. …
2. BANKRATE. …
3. CNN MONEY. …
4. SMART ASSET.

What is the 2nd cheapest state to live in?

Kansas is still the second-cheapest state in the US. The median house price in the area is $194,951. On average, it’s possible to rent an 895-square-foot apartment for $1,133 per month; that’s around 65% cheaper than a one-bedroom apartment in New York.

What is the cheapest state to live in 2021?

Here are the top 10 cheapest states to live in, according to WalletHub’s report.

• Alabama.
• West Virginia.
• Arkansas.
• Indiana.
• Missouri.
• Utah.
• Mississippi.
• Tennessee.

Which state is the best for living?

Best States 2021

• #1. Washington.
• #2. Minnesota.
• #3. Utah.
• #4. New Hampshire.
• #5. Idaho.

What U.S. city has the highest cost of living?

1. New York City, New York. New York City leads the pack as the most expensive city in the United States. …
2. San Francisco, California. …
3. Honolulu, Hawaii. …
4. Boston, Massachusetts. …
5. Washington, D.C. …
6. Oakland, California. …
7. San Jose, California. …
8. San Diego, California.

Is it cheaper to live in Texas?

Well, as it turns out, the cost of living in Texas is surprisingly affordable! In fact, the average cost of living in Texas is 7% lower than the national average….What’s the Average Cost of Living in Texas?

What city has the lowest cost of living?

Wichita Falls, Texas, was named the city with the lowest cost of living. Visit Business Insider’s homepage for more stories.

What state has the lowest cost of living for retirees?

South Dakota. The Mount Rushmore State might not be the first place that comes to mind when you dream of where to retire, but it’s first place in our overall ranking of all 50 states for retirement. Affordability is the main factor pushing it to the top spot.

How do I find the cost of living in my area?

Your cost of living is simply calculated by adding up all your monthly expenses. That number is how much it costs to live as you for a month in your given location. There are several cost of living indexes that exist to compare expenses of different people in different regions.

How much money does a single person need to live comfortably?

This means a single person needs to make at least $66,434 after taxes to live comfortably. After their basic living expenses are covered, an individual could spend $19,930 on wants and set $13,287 aside for savings or debt paydown.

Where can I find cost of living data?

Salaries, Costs of Living, & Relocation

• Bankrate.COM – www.bankrate.com. …
• Chamber of Commerce Directory – www.chamberofcommerce.com.
• CityRating.com – www.cityrating.com. …
• CNN Money – http://money.cnn.com/best/bpretire.

Where is the most affordable place to live in the US?

The Full List Of The Most Affordable Cities To Live & Work In 2022