Which state is the most expensive to live in 2023? (2024)

Which state is the most expensive to live in 2023?

Hawaii is the most expensive state to live in, with a cost of living index of 184.

Which US state has the highest cost of living?

Hawaii has the highest cost of living index of 184, which is significantly higher than any other state in the US. The state with the lowest cost of living index is Mississippi, with a score of 85.

What is the most expensive city to live in 2023?

Well, this list has been compiled by Economist Intelligence Unit's Worldwide Cost of Living survey, in which Singapore and Zurich have jointly claimed the top spot.

What are the top states to live in 2023?

Researchers at the personal finance publication ranked the 50 states based on scores in five categories: affordability, economy, education and health, quality of life, and safety. Massachusetts topped 2023's list, scoring 61 out of 100. New Jersey came in second.

What is the cheapest state to live in?

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.

What is the cheapest state in the US?

Certain states bear the brunt of exorbitant living costs, yet others provide a haven from this financial equation. Mississippi is the cheapest state in the US, boasting a cost of living index of 85, rendering it the most affordable option.

What are the 3 most expensive states to live in?

The Most Expensive States to Live
StateCOLI Index
California134.50
New York125.10
Alaska124.40
Maryland119.50
6 more rows

What is the cheapest city to live in?

Most Affordable Places to Live in the U.S. in 2023-2024
  • Hickory, NC.
  • Youngstown, OH.
  • Huntington, WV & Ashland, KY-OH.
  • Fort Wayne, IN.
  • Beaumont, TX.
  • Peoria, IL.

Who has the highest rent in the United States?

Most & Least Expensive States for Renters
Top StatesMedian Rent
1. California$2,690
2. Hawaii$2,590
3. Massachusetts$2,431
4. New York$2,306
11 more rows
Nov 20, 2023

What is the best city for life 2023?

Vienna, Austria tops the quality of living ranking for 2023. Known for its rich history, stunning architecture, and vibrant cultural scene, Vienna offers its residents a high standard of living in various aspects. It is followed by Zurich, Switzerland and Aukland, New Zealand in second and third place, respectively.

What is the safest state to live in?

The top five safest states, according to the study, are Vermont, Maine, New Hampshire, Utah and Massachusetts. In compiling the rankings, WalletHub compared five key dimensions: Personal and Residential Safety, Financial Safety, Road Safety, Workplace Safety and Emergency Preparedness.

Which US state has best quality of life?

  • Washington. Washington state has the highest quality of life in all 50 states. ...
  • Minnesota. Minnesota ranks second best quality of life in the United States. ...
  • Utah. Utah has the third-best quality of life in the United States. ...
  • New Hampshire. ...
  • Idaho. ...
  • Virginia. ...
  • Wisconsin. ...
  • Massachusetts.

Which state is least populated?

Population in the states of the U.S. 2022

Wyoming had the lowest population with about 581,000 residents.

What state has the highest and lowest cost of living?

In general, the most expensive areas to live were Hawaii, Alaska, the Northeast, and the West Coast. The least expensive areas were the Midwest and Southern states. MERIC derives the cost of living index for each state by averaging the indices of participating cities and metropolitan areas in that state.

What is the cheapest state to live in including taxes?

The states with the lowest tax burden are:
  • Alaska – 5.06%
  • Delaware – 6.12%
  • New Hampshire – 6.14%
  • Tennessee – 6.22%
  • Florida – 6.33%
  • Wyoming – 6.42%
  • South Dakota – 6.69%
  • Montana – 6.93%
6 days ago

Which city in the US has the highest cost of living?

New York's Manhattan borough is the most expensive place to live in the U.S. by a wide margin — the cost of living there is more than double the national average.

Is Florida low cost of living?

The cost of living in Florida is higher than the national average, with research putting Florida 15th highest across US states. According to the Bureau of Economic Analysis, the average cost of living per person in Florida is around $4,224 per person monthly.

What is the cheapest state for seniors to live in?

According to the Missouri Economic Research and Information Center, the lowest overall costs of living were found in Mississippi, Oklahoma, Kansas, Alabama, and West Virginia: Cheapest states to retire.

What state cost the most to buy?

1. Hawaii
  • Median Sold Price: $713,199.
  • Grocery Items Index:9.
  • Transportation Index:5.
  • Health Care Index:6.
May 24, 2023

What state has the most expensive things?

Hawaii Is More Expensive Than Any Other State

Hawaiians spend $3,070 per month on bills, which is 43% of their household income, and 50% more than the national average. The average mortgage in the state is $2,247 and rent is $1,856.

Is Hawaii very expensive?

If you want to go to Hawaii …

It can be very expensive. Hidden costs like resort fees and exorbitant parking prices can easily break the budget. But there are ways to save on the cost of a vacation to Hawaii. Traveling before or after the peak summer season can save considerably.

Where is the cheapest rent in the United States?

Cheap rent can be found in Midwest, South

Overall, the city with the cheapest average rent in the U.S. was listed as Wichita, Kansas, with a population of nearly 400,000. The average rent for all apartment sizes in Wichita is just $598 a month, the report said — adding that no other city averages under $700.

What is the nicest and cheapest place to live?

10 Most Beautiful and Affordable Places to Live in the U.S.
  • 01 of 10. Hickory, North Carolina. ...
  • 02 of 10. Grand Rapids, Michigan. ...
  • 03 of 10. Greenville, South Carolina. ...
  • 04 of 10. Louisville, Kentucky. ...
  • 05 of 10. Knoxville, Tennessee. ...
  • 06 of 10. St. ...
  • 07 of 10. Dallas-Fort Worth, Texas. ...
  • 08 of 10. Raleigh-Durham, North Carolina.
Mar 27, 2023

Where is the best place to live in the US?

U.S. News determines quality of life based on factors that matter to Americans most, including crime rates, quality of education, and quality and availability of health care. Ann Arbor, Michigan, nabbed the highest score for quality of life, with Boulder, Colorado (in our design list), a close second.

What city pays the most rent?

The most expensive rental market in the US remains to be New York. The average monthly rent for a one-bedroom is roughly $3,260. This is about a $500 decrease from 2021, however as demand continues to increase prices are likely to follow.

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