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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).
Hawaii was the state with the highest cost of living in the U.S. for 2023, according to research by the Missouri Economic Research and Information Center.Oklahoma had the lowest. How cost of ...
The ranking is based on a price index that is calculated using the cost of food, housing, transportation, utilities and other factors in all 50 states and Washington, D.C.
Visualisation of Numbeo's 2023 cost of living index by country. The cost of living is the cost of maintaining a certain standard of living for an individual or a household. Changes in the cost of living over time can be measured in a cost-of-living index. Cost of living calculations are also used to compare the cost of maintaining a certain ...
The Cost of Living Index (COLI), formerly the ACCRA Cost of Living Index is a measure of living cost differences among urban areas in the United States compiled by the Council for Community and Economic Research. [1] First published in 1968, the index compares the price of goods and services among metro areas across the US.
Miami, Florida Per capita income: $47,860 Annual rent for a 1-bedroom apartment: $38,999.44 Annual transportation cost: $5,642.91 Annual grocery cost: $5,670.08 Annual healthcare cost: $4,032.97 ...
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