FAQs
1. Mississippi. Coming in as the cheapest state to live in in the United States is Mississippi with a cost of living index score of 83.3. It also has the lowest average housing costs in the nation at 33.7% below the national average.
What is the most expensive state to live in 2023? ›
Hawaii is the most expensive state to live in, with a cost of living index of 184. Massachusetts is ranked second, with a cost of living index of 149.7, followed by California at 137.6, and New York at 134.5.
What state is the most affordable to live in? ›
The three cheapest states to move to in terms of housing costs are: West Virginia, with an average price of $123,000; Mississippi, with an average price of $125,000; and Arkansas, with an average house price of 133,600. You can view the 10 cheapest states to move to below.
What state is least affordable to live in? ›
Hawaii and California are the LEAST affordable places to live in the U.S as incomes fail to keep up with soaring property prices.
Where is best to live in 2023? ›
Best Countries to Live in 2023
- Best Quality of Life: Top 10 Countries.
- New Zealand.
- Australia.
- Netherlands.
- Germany.
- Finland.
- Norway.
- Switzerland.
What state to move in 2023? ›
One of the most popular states to move to in 2023 is Texas, and for good reason. This state boasts an impressive job market since it is home to many tech companies, startups, and artistic hubs.
What are the cheapest blue states? ›
Regarding affordability, the report indicates that Connecticut, Massachusetts, and New Jersey are the most affordable states with Arizona, Nevada, and Florida being the least affordable.
What are the 10 most expensive states to live in? ›
10 Most Expensive States To Live In
- New Hampshire. State Cost of Living Index: 114.7. ...
- Connecticut. State Cost of Living Index: 115.4. ...
- Vermont. State Cost of Living Index: 116.4. ...
- Oregon. State Cost of Living Index: 122.2. ...
- Maryland. State Cost of Living Index: 124.1. ...
- Alaska. State Cost of Living Index: 125.5. ...
- New York. ...
- 3. California.
What are the three most expensive states to live in? ›
Download Table Data
State | Cost Index | Grocery |
---|
New York | 148.2 | 118.4 |
California | 142.2 | 113.7 |
Massachusetts | 135 | 119.3 |
Oregon | 130.1 | 107.8 |
17 more rows
What city has the lowest cost of living? ›
In its report, Niche also ranked the cheapest places to live in the U.S. At the top of the list this year is Brownsville, Texas. Brownsville has been steadily rising in Niche's Lowest Cost of Living ranking over the past few years, placing number six in 2021, number three in 2022 and finally, number one in 2023.
Is it expensive to live in Florida? Though the state has long had a reputation for being an inexpensive place to live, housing costs are high. Rents and sale prices are both well above national averages. However, the overall cost of living in the state is about on par with the national average.
What's the most expensive state right now? ›
According to several studies on cost of living, Hawaii is the most expensive U.S. state to live in. Prices are typically double in Hawaii compared to those on the mainland, and the continued rise in inflation is making costs ranging from housing to health care much more expensive.
What is the cheapest state to live in by yourself? ›
Albuquerque, New Mexico, ranks as the most affordable city in the country for single renters. Studio apartments in Albuquerque go for a median price of $700, and the average single person would only need to spend 15.33% of their income to afford one.
What is the number 1 most expensive state in the US? ›
1. Hawaii. Hawaii is truly a paradise, but it is also the most expensive state in America to live in. The cost of living in Hawaii overall is 86% higher than the national average, and the cost of housing in Hawaii is a jaw-dropping 207% above the national average.
Is it cheaper to live in Florida or Connecticut? ›
Considering all the amenities that Florida has to offer, you might be surprised at just how affordable it is. Although the cost of living varies depending on where you live in the state, Florida is much more affordable than many other states. In fact, the cost of living in Florida is about 12% cheaper than Connecticut.
Where are retirees moving to in 2023? ›
Cities Where Retirees Are Moving
Rank | City | Moved Out2 |
---|
1 | Mesa, AZ | 1,338 |
2 | Henderson, NV | 1,968 |
3 | San Antonio, TX | 1,963 |
4 | North Las Vegas, NV | 1,190 |
11 more rowsApr 17, 2023
Where not to go in 2023? ›
World's most dangerous destinations for 2023
- Venezuela (83,76)
- Papua New Guinea (80.79)
- South Africa (76,86)
- Afghanistan (76,31)
- Honduras (74.54)
- Trinidad & Tobago (71.63)
- Guyana (68,74)
- El Salvador (67,79)
Where is the highest quality of life? ›
According to the Human Development Index, some countries provide a better quality of life than others. The Human Development Index (HDI) is calculated based on three main factors: life expectancy, education, and per capita income. In 2021, Switzerland was ranked first in the HDI, followed closely by Norway and Iceland.
Which state is everyone moving to? ›
What States Are Americans Moving To? The most popular state people moved to in 2022 was Florida, while the state people most often moved from was California. Texas was the second-most popular state for Americans on the move, while North Carolina came in third.
What is the safest state to live in 2023? ›
Based on the number of homicides, the ten safest states in America are New Hampshire, Vermont, Wyoming, Maine, Rhode Island, North Dakota, South Dakota, Hawaii, Idaho, and Alaska. New Hampshire is the safest state in the US, with just 20 reported homicide incidents.
Top states residents are leaving
The annual 2022 United Van Lines National Movers study is out! But it wasn't good news for New Jersey or New York. A similar report from United Van Lines showed New Jersey as the top outbound state, followed by Illinois, New York, Michigan, and Wyoming. The full list is below.
What are the most liberal states? ›
The most liberal state in the country is Massachusetts, where the equally progressive city of Boston is located. Next is Hawaii, followed by Rhode Island, California, New York, Vermont, Maryland, New Jersey, Connecticut, and Oregon.
Is Texas one of the cheapest states? ›
Texas. Texas isn't just one of the largest states in the United States and one of the few states without state income taxes, Texas is actually also one of the more affordable states given its 2022 Second Quarter Cost of Living Index of 90.9.
Is North Carolina a red state? ›
In the three presidential elections since 2008, Indiana and North Carolina went back to supporting Republicans. Virginia has continued voting for the Democratic presidential nominees (as well as increasingly electing Democrats at the state level), leading to its being reclassified as a blue state in recent years.
Is California or New York more expensive? ›
Which City Is More Affordable: Los Angeles or New York City? Both NYC and LA are among the most expensive cities in both the U.S. and the world. However, the average cost of living in LA is also 24-27% lower than that of NYC.
Is Hawaii very expensive? ›
To live comfortably in Hawaii, an annual income of around $70,000 to $100,000 for a single person, or $120,000 to $200,000 for a family is recommended. Is it expensive to live in Hawaii? Yes, Hawaii is known for its high cost of living due to factors such as housing, groceries, utilities, and transportation.
What are the five most expensive states? ›
Let's look at what the data is saying about the highest cost of living states, according to World Population Review.
- Hawaii. Tops on the list lands Hawaii, with a COL index of 193.3. ...
- New York. ...
- California. ...
- Massachusetts. ...
- Oregon.
What US city has the highest cost of living? ›
1. Manhattan, New York
- Overall cost of living: 127.7% above U.S. average.
- Median household income: $70,663.
- Average home price: $2,434,977.
- Average monthly rent: $4,569.
- Unemployment rate: 4.3%
- Poverty rate: 17%
- Cost of a half-gallon of milk: $3.04.
Is Virginia expensive to live in? ›
The cost of living in Virginia is 0% than the national average. Housing is 4% higher than the national average, while utilities are 1% higher. When it comes to basic necessities such as food and clothing, groceries are around 1% higher than in the rest of the country, while clothing costs 1% higher.
Why is USA so expensive? ›
Inflation is so high because many consumers are spending more money than they usually do, and because supply chain issues and global fuel shortages have lingered since the pandemic. That high demand and low supply have led to an increase in prices.
Topping the 2023-24 list: Green Bay, Wisconsin. The magazine called Green Bay "The perfect mix of big-city amenities complemented with a Midwestern, small-town feel."
How to live cheaply? ›
Here are 15 frugal tips to look like you're living large without overspending.
- Eliminate monthly subscriptions.
- Shop for new insurance.
- Reduce prescription costs.
- Buy used items.
- Rent, don't own.
- Purchase at the right time.
- Buy high-quality products.
- Enlist your friends.
What country is the cheapest and safest place to live? ›
10 of the cheapest and safest places to live in the world
- Albania.
- Portugal.
- Costa Rica.
- Panama.
- Mexico.
- Thailand.
- Malaysia.
- Vietnam.
What state is the cheapest to live in for retirees? ›
Rather, Alabama is the most affordable state to retire in, according to WalletHub's “2023 Best States to Retire.” The analysis compared all 50 states across three key categories: health care, quality of life and affordability.
Is it cheaper to live in Florida or Georgia? ›
Cost of living
Georgia has an overall score of 93.4, about 10% less than Florida's 102.8. This means that, on average, living in Georgia is slightly more affordable than living in Florida.
Is it cheaper to live in Alabama or Florida? ›
Cost of living
It's no surprise that living in Alabama costs less than living in Florida, considering the population of Alabama is almost four times less than that of its neighboring state. Prices are naturally cheaper here because there's less demand for goods and services.
What is the most expensive place to live in the world? ›
Singapore and New York City tied for the first rank amongst the world's most expensive cities in 2022, pushing Israel's Tel Aviv from the first place in 2021 to the third place in 2022.
Is it expensive to live in Tennessee? ›
The cost of living in Tennessee is 10% lower than the national average. Housing is 20% lower than the national average, while utilities are 6% lower. When it comes to basic necessities such as food and clothing, groceries are around 6% lower than in the rest of the country, while clothing costs 6% lower.
Where does Florida rank in cost of living? ›
Overall, the cost of living in Florida ranks as the 24th highest among states. It is important to note that this index reflects the annual average cost of living in 2021 and does not account for recent price increases due to inflation.
Where is the best place to live alone? ›
The Highest-Ranked Cities to Live Alone in the U.S.
Our overall winner was Milwaukee, WI, with our runner ups being Cleveland, OH and St. Louis, MO.
Most Affordable Places to Live in Florida
- Cape Coral.
- Dunedin.
- Fort Walton Beach.
- Lakeland.
- Vero Beach.
Is it cheaper to live alone? ›
Ultimately, living solo is a more expensive choice, so if saving money is a huge priority for you, you may want to live with roommates for a year or two until you're more financially stable. However, if you're committed to living alone, there are ways you can do it without breaking the bank completely.
Is Montana expensive to live? ›
Find out what income you need to maintain your standard of living in a different city and how much more or less money you need to budget for basic expenses. The cost of living in Montana is 2% higher than the national average. Housing is 5% higher than the national average, while utilities are 10% lower.
How expensive is it to live in Florida? ›
The cost of living in Florida is 1% higher than the national average. Housing is 4% higher than the national average, while utilities are 1% higher. When it comes to basic necessities such as food and clothing, groceries are around 2% lower than in the rest of the country, while clothing costs 2% lower.
Is it expensive to live in Colorado? ›
The cost of living in Colorado is 5% higher than the national average. Housing is 21% higher than the national average, while utilities are 8% lower. When it comes to basic necessities such as food and clothing, groceries are around 1% higher than in the rest of the country, while clothing costs 1% higher.
Is South Carolina or Florida more affordable? ›
Cost of living
Looking at those numbers, South Carolina is more affordable than Florida in every category but health care. However, it also has a smaller population and less land mass.
Is Florida or California more affordable? ›
Finding a Financial Advisor in Florida
For example, Florida doesn't have a state income tax while California does. Florida residents only owe federal taxes on their income. On top of that, Florida housing prices are also cheaper than in California.
What is the cheapest state in Florida? ›
10 Cheapest Places to Live in Florida in 2023
- Jacksonville.
- Cape Coral.
- Gainesville.
- Dade City.
- Dunedin.
- Kissimmee.
- Bartow.
- hom*osassa Springs.
Will everything be cheaper in 2023? ›
Key points. Inflation seems to be slowing, and some things could start to get cheaper in 2023. The cost of real estate, rental, cars, and gas could fall, at least a little. Don't get too excited about potential price drops, as there's still a lot of uncertainty about the economy.
What is the average U.S. home price in 2023? ›
Average home price in the United States: $436,800
The median home sales price is $436,800 as of the first quarter of 2023. That's a 32% increase from 2020, when the median was $329,000.
Food prices are expected to grow more slowly in 2023 than in 2022 but still at above historical-average rates. In 2023, all food prices are predicted to increase 6.2 percent, with a prediction interval of 4.9 to 7.5 percent.
Is cost of living going down in 2023? ›
While the 2022 COLA adjustment was 5.9%, government inflation data showed costs grew at a faster pace for much of last year. Now, the 8.7% COLA for 2023 is outpacing current inflation, with a 5.8% increase over the past 12 months for the consumer price index for urban wage earners and clerical workers, or CPI-W.
What food will be more expensive 2023? ›
Increases in the prices of eggs, butter, meat, and more are going to make grocery shopping extra expensive this year. Brittany Leitner has been a beauty, lifestyle, and health editor for 10 years.
What states do not pay Social Security taxes? ›
The 38 states that don't tax Social Security benefits
- Alabama.
- Alaska.
- Arizona.
- Arkansas.
- California.
- Delaware.
- Florida.
- Georgia.
What state do most retirees move to? ›
Top 10 states where retirees moved in 2021
1. | Florida | 78.2K |
---|
2. | Arizona | 25.1K |
3. | South Carolina | 19K |
4. | North Carolina | 19K |
5. | Tennessee | 14.8K |
5 more rowsApr 30, 2023
What states do not tax pensions? ›
Fortunately, there are some states that don't charge taxes on retirement income of any kind: Alaska, Florida, Nevada, South Dakota, Tennessee, Texas, Washington and Wyoming.
How much is a 3 bedroom house in USA? ›
Depending on the state you call home, the typical three-bedroom house can range from the mid- to high-$100,000s to about $900,000. That's why GOBankingRates compiled a study to track the affordability of the three-bedroom house across America.
Where are the cheapest homes in the US? ›
10 Cheapest Housing Markets to Buy a House in the US
- West Virginia. With a Zillow Home Value Index of $146,578, West Virginia is the most affordable state to buy a house in the US. ...
- Mississippi. ...
- Arkansas. ...
- Louisiana. ...
- Oklahoma. ...
- Kentucky. ...
- Iowa. ...
- Ohio.
Will 2023 be a good time to buy a house? ›
Homebuyer.com data analysis indicates that, for first-time home buyers, June 2023 is a good time to buy a house relative to later in the year. This article provides an unbiased look at current mortgage rates, housing market conditions, and market sentiment.
What U.S city has the highest cost of living? ›
1. Manhattan, New York
- Overall cost of living: 127.7% above U.S. average.
- Median household income: $70,663.
- Average home price: $2,434,977.
- Average monthly rent: $4,569.
- Unemployment rate: 4.3%
- Poverty rate: 17%
- Cost of a half-gallon of milk: $3.04.