US States Ranked by Cost of Living [Report of 2022]

The cost of living is represented as the amount of money required to maintain a certain standard of living by providing basic necessities such as accommodation, food, healthcare, and other essentials.

In the US, the difference in cost of living varies significantly. The value 100 defines the average cost of living throughout the whole United States and anything below that means the cost of living is lower than average.

Here is the list of 50 US States Ranked by Cost of Living starting from the most affordable state.

State NameAffordability Score
1. Mississippi86.1
2. Arkansas86.9
3. Oklahoma87
4. Missouri87.1
5. New Mexico87.5
6. Tennessee88.7
7. Michigan88.9
8. Kansas89
9. Georgia89.2
10. Wyoming89.3
11. Alabama89.3
12. Indiana90
13. Iowa90.1
14. Ohio90.8
15. Nebraska90.8
16. Kentucky90.9
17. West Virginia91.1
18. Texas91.5
19. Idaho92.3
20. Louisiana93.9
21. Illinois94.5
22. North Carolina94.9
23. South Carolina95.9
24. Arizona97
25. Wisconsin97.3
26. Florida97.9
27. Utah98.4
28. North Dakota98.8
29. South Dakota99.8
30. Virginia100.7
31. Minnesota101.6
32. Pennsylvania101.7
33. Colorado105.6
34. Montana106.9
35. Delaware108.1
36. Nevada108.5
37. New Hampshire109.7
38. Washington110.7
39. Vermont114.5
40. Maine117.5
41. Rhode Island119.4
42. New Jersey125.1
43. Connecticut127.7
44. Maryland129.7
45. Alaska129.9
46. Massachusetts131.6
47. Oregon134.2
48. New York139.1
49. California151.7
50. Hawaii192.9

In order to determine affordable housing in each state, median housing prices were compared to median family incomes and mortgage interest rates.

The cost index mostly depends on groceries, housing, transportation and other utilities. And, the index indicating, Housing is the most determining factor for the greater cost of living index.

You might be interested in know about median household income by states or the ranking of states based on poverty.

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