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The Lone Star state has a cost of living index score of 92.6 — well below the U.S. mean of 100. Read More: Here’s How Much the Definition of Middle Class Has Changed in the South
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).
It is typical that states with low costs of living receive more in spending than states with high costs of living (Leonard and Walder, Page 19). After discounting income with costs of living, New York's poverty level increases a significant amount (Pear, Page 2). The significance level between high levels of poverty and high taxation may be ...
Tennessee: Spring Hill. Cost-of-living index: 139.4. Monthly cost of living: ... Texas: Leander. Cost-of-living index: 116.9. Monthly cost ... The highest-scoring city was kept for each state and ...
Instead, Texas has sales and property tax. The standard sales tax rate in Texas is 6.25%, “However, local tax jurisdictions have the authority to impose up to an additional 2% tax. Consequently ...
This is a table of the total federal tax revenue by state, federal district, and territory collected by the U.S. Internal Revenue Service. Gross Collections indicates the total federal tax revenue collected by the IRS from each U.S. state , the District of Columbia , and Puerto Rico .
Compare this to the state’s 2022 median household income of $48,610, and the graphic’s standard of living appears practically unachievable for most families. Massachusetts, which is identified ...
State rank State or territory Median home price in US$ 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 New Hampshire: $454,948 10 New York: $453,138 11 Montana: $448,238 12 Idaho ...