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To identify the most affordable states, Stacker used data from the Council for Community and Economic Research (C2ER) to determine the 25 states with the lowest cost of living as of August 2024 ...
1. Tennessee. Cost-of-living index: 90.3 Annual cost of necessities: $33,060 Annual expenditure: $65,889 Tennesse ranks as the cheapest state without income tax on the list.
20. Topeka, Kansas. Cost of living: 13.8% below U.S. average Metro population: 125,464 Median household income: $50,709 Median home value: $138,900 Unemployment rate: 3.4% If you’re looking for ...
The difference in housing costs from state to state is especially important. The Bureau of Economic Analysis has calculated that the regional price parity of U.S. states ranges from 84.4 in Mississippi (the cheapest state in which to live) to Hawaii at 119.3 (the most expensive state).
U.S. states and D.C. by median home price, February 2024 (in February 2024 dollars) [1] State rank State or territory Median home price in US$ 1 Hawaii: $839,013 2 California: $765,197 — District of Columbia: $610,548 3 Massachusetts: $596,410 4 Washington: $575,894 5 Colorado: $539,151 6 Utah: $509,433 7 New Jersey: $503,432 8 Oregon: $487,244 9
The most affordable states are listed in reverse order, with the most affordable state listed last. See the 15 best states to live on just Social Security. Davel5957 / Getty Images