What Is The Least Expensive State To Live In? Top Affordable Picks
10 Us States With The Lowest Cost Of Living
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What State Is Least Affordable To Live In?
Which state stands out as the least affordable place to reside in the United States? To answer that question, let’s delve into the factors that contribute to this distinction. Hawaii, in particular, holds the title for being the most expensive state to live in. The average price for a house in Hawaii is a staggering $636,400, making it considerably more costly than most other states. One significant factor contributing to Hawaii’s high cost of living is its unique geographical location—it is the only state in the U.S. that is not situated within North America. Consequently, the expenses associated with relocating to or within Hawaii can be notably higher, encompassing everything from airfare to shipping costs. As of March 20, 2023, these factors continue to shape Hawaii’s status as the least affordable state to call home.
What Us City Has The Lowest Cost Of Living?
Which US city boasts the lowest cost of living in 2023? Let’s explore the list of the most affordable cities to live in, ranked based on median household income, to find out. As of August 31, 2023, the following cities offer budget-friendly living:
- Green Bay, WI with a median household income of $70,879
- Wichita, KS with a median household income of $77,762
- Rapid City, SD with a median household income of $81,183
- Springfield, IL with a median household income of $79,460
These rankings provide valuable insights for individuals and families looking to make informed decisions about their choice of residence and cost of living.
What Is The Number 1 Most Expensive State?
Hawaii holds the title of the most expensive state in the United States when it comes to the cost of household bills. As of August 5th, 2023, the average monthly expenditure for a resident of Hawaii is approximately $3,070, which is a staggering 50% higher than the national average of $2,046. This significant cost disparity underscores the financial challenges faced by individuals and families living in the Aloha State, where the high cost of living is a distinctive characteristic.
Aggregate 5 What is the least expensive state to live in
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The cheapest states to live in are Mississippi, Oklahoma, Kansas, Alabama, Georgia, Missouri, Iowa, Indiana, West Virginia, and Tennessee. Mississippi is the cheapest state to live in in the US, with a cost of living index of 85. The second cheapest state to live in is Oklahoma, with a cost of living index of 85.8.Conversely, Hawaii tops the list of the most expensive states with an average house price of $636,400. As the only state not geographically based in North America, it’s unsurprising that the cost of moving is significantly higher, from flights to shipping costs.Hawaii residents spend on average, $3,070 each month, 50% above the national average of $2,046. This makes it the number one most expensive state in the United States, based on the cost of household bills.
| Rank | City | Median Household Income |
|---|---|---|
| 1 | Green Bay, WI | $70,879 |
| 2 | Wichita, KS | $77,762 |
| 3 | Rapid City, SD | $81,183 |
| 4 | Springfield, IL | $79,460 |
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