Cheapest States to Live in 2023 - Wisevoter (2024)

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Introduction

Based on the cost of living index – which measures the relative cost of goods and services in a particular location – the cheapest states to live in are Mississippi, Oklahoma, Kansas, Alabama, and Georgia. These states have a cost of living index below 89, which is significantly lower than the national average of 100. The top 10 cheapest states to live in are all located in the southern and midwestern regions of the United States. On the other hand, the northeastern and western states, including New York, California, and Hawaii, have the highest cost of living indices.

In general, the cost of living tends to be lower in the South and Midwest regions of the United States, while it is higher in the West and Northeast regions. This is due to factors such as differences in housing costs, taxes, and wages. However, it is important to note that the cost of living can vary significantly within a state, with cities generally being more expensive than rural areas.

Cheapest Cost of Living in the US

#StateCost of Living Index (2023)Percentage Change (vs. 2022)
1Mississippi861.18%
2Oklahoma86.91.28%
3Kansas87.2-0.34%
4Alabama88.20.11%
5Georgia89.30.79%
6West Virginia89.3-0.78%
7Iowa89.90.78%
8Missouri89.90.9%
9Arkansas90.1-0.55%
10Tennessee90.40.22%
11Nebraska91.3-0.65%
12Ohio91.4-0.54%
13Indiana91.51.78%
14Illinois92.1-0.54%
15Michigan92.1-0.11%
16Wyoming92.1-0.43%
17Louisiana92.2-1.5%
18Texas92.90.43%
19South Dakota93.4-1.16%
20New Mexico94.10.11%
21Kentucky94.5-0.42%
22Wisconsin95.1-0.42%
23Minnesota95.6-1.95%
24North Carolina95.80.1%
25North Dakota96-1.13%
26South Carolina96.42.23%
27Pennsylvania97-1.22%
28Idaho99.2-0.4%
29Nevada101.7-1.45%
30Florida101.9-0.88%
31Virginia102.6-0.19%
32Utah102.7-0.1%
33Montana103-1.72%
34Delaware103.3-2.18%
35Colorado104.80.19%
36Arizona107.11.23%
37New Jersey111.7-0.62%
38Rhode Island111.8-0.97%
39Maine112.5-2.43%
40Connecticut114.4-2.05%
41New Hampshire114.6-1.29%
42Washington115.61.23%
43Oregon116.2-4.13%
44Maryland120.7-2.66%
45Alaska125.3-1.03%
46New York126.6-5.87%
47California139.71.53%
48Massachusetts143.1-4.41%
49District of Columbia149.7-1.64%
50Hawaii181.5-1.36%
51Vermont400245.13%

Cheapest States to Live in

The cheapest states to live in are Mississippi, Oklahoma, Kansas, Alabama, Georgia, Missouri, Iowa, Indiana, West Virginia, and Tennessee. Mississippi is the cheapest state to live in in the US, with a cost of living index of 85. The second cheapest state to live in is Oklahoma, with a cost of living index of 85.8. The third and fourth cheapest states to live in are Kansas and Alabama, with cost of living indexes of 87.5 and 88.1 respectively. The fifth least expensive state to live in is Georgia, with a cost of living index of 88.6. Missouri is the sixth cheapest state to live in in the US, with a cost of living of 88.6. The seventh and eighth cheapest states to live in are Iowa and Indiana, with cost of living indexes of 89.2 and 89.9 respectively. West Virginia is the ninth least expensive state to live in with a cost of living index of 90. Finally, the tenth cheapest state to live in is Tennessee, with a cost of living index of 90.2.

The top 10 cheapest states to live in are:

1. Mississippi – 85
2. Oklahoma – 85.8
3. Kansas – 87.5
4. Alabama – 88.1
5. Georgia – 88.6
6. Missouri – 89.1
7. Iowa – 89.2
8. Indiana – 89.9
9. West Virginia – 90
10. Tennessee – 90.2

Cheapest State to Live In

Mississippi is the cheapest state to live in the United States, with a cost of living index of 85. This means that the cost of goods and services in Mississippi is 15% lower than the national average. The low cost of living in Mississippi can be attributed to several factors, including low housing costs, low taxes, and affordable healthcare. In fact, Mississippi has the lowest cost of housing in the country, with the median home price at $46,637. Additionally, the state has a low-income tax rate, which contributes to lower overall taxes for residents.

States by Cost of Living

Alabama

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Cost of Living Index

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88.2

↑ 0.11%

Vs 2022

Ranked in the US

#4

Living Wage

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$15.91

Ranked in the US

#12

Minimum Hourly Wage

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$7.25

Ranked in the US

#32

Median Household Income

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$56,929

- 0%

Vs 2020

Ranked in the US

#46

Alabama is the fourth cheapest state to live in, with a cost of living index of 88.1. The state's low cost of living is due to its affordable housing options, low taxes, and relatively low healthcare costs. Additionally, Alabama has a low overall tax burden, which contributes to its affordability.

Cost of Living Index

Living Wage

Minimum Hourly Wage

Median Household Income

Alaska

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Cost of Living Index

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125.3

↓ 1.03%

Vs 2022

Ranked in the US

#45

Living Wage

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$16.72

Ranked in the US

#26

Minimum Hourly Wage

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$10.34

Ranked in the US

#22

Median Household Income

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$81,133

- 0%

Vs 2020

Ranked in the US

#12

Cost of Living Index

Living Wage

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Median Household Income

Arizona

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Cost of Living Index

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107.1

↑ 1.23%

Vs 2022

Ranked in the US

#36

Living Wage

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$17.43

Ranked in the US

#31

Minimum Hourly Wage

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$12.8

Ranked in the US

#9

Median Household Income

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$70,821

- 0%

Vs 2020

Ranked in the US

#28

Cost of Living Index

Living Wage

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Median Household Income

Arkansas

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Cost of Living Index

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90.1

↓ 0.55%

Vs 2022

Ranked in the US

#9

Living Wage

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$15.55

Ranked in the US

#7

Minimum Hourly Wage

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$11

Ranked in the US

#18

Median Household Income

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$50,784

- 0%

Vs 2020

Ranked in the US

#49

Cost of Living Index

Living Wage

Minimum Hourly Wage

Median Household Income

California

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Cost of Living Index

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139.7

↑ 1.53%

Vs 2022

Ranked in the US

#47

Living Wage

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$21.82

Ranked in the US

#47

Minimum Hourly Wage

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$14

Ranked in the US

#4

Median Household Income

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$81,575

- 0%

Vs 2020

Ranked in the US

#11

Cost of Living Index

Living Wage

Minimum Hourly Wage

Median Household Income

Colorado

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Cost of Living Index

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104.8

↑ 0.19%

Vs 2022

Ranked in the US

#35

Living Wage

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$19.16

Ranked in the US

#42

Minimum Hourly Wage

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$12.56

Ranked in the US

#11

Median Household Income

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$84,954

- 0%

Vs 2020

Ranked in the US

#8

Cost of Living Index

Living Wage

Minimum Hourly Wage

Median Household Income

Connecticut

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Cost of Living Index

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114.4

↓ 2.05%

Vs 2022

Ranked in the US

#40

Living Wage

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$19

Ranked in the US

#41

Minimum Hourly Wage

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$14

Ranked in the US

#5

Median Household Income

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$80,958

- 0%

Vs 2020

Ranked in the US

#13

Cost of Living Index

Living Wage

Minimum Hourly Wage

Median Household Income

Delaware

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Cost of Living Index

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103.3

↓ 2.18%

Vs 2022

Ranked in the US

#34

Living Wage

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$17.74

Ranked in the US

#34

Minimum Hourly Wage

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$15.2

Ranked in the US

#1

Median Household Income

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$68,687

- 0%

Vs 2020

Ranked in the US

#32

Cost of Living Index

Living Wage

Minimum Hourly Wage

Median Household Income

District of Columbia

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Cost of Living Index

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149.7

↓ 1.64%

Vs 2022

Ranked in the US

#49

Living Wage

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$23.13

Ranked in the US

#51

Minimum Hourly Wage

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$10.5

Ranked in the US

#20

Median Household Income

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$90,640

- 0%

Vs 2020

Ranked in the US

#2

Cost of Living Index

Living Wage

Minimum Hourly Wage

Median Household Income

Florida

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Cost of Living Index

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101.9

↓ 0.88%

Vs 2022

Ranked in the US

#30

Living Wage

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$17.24

Ranked in the US

#29

Minimum Hourly Wage

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$10

Ranked in the US

#25

Median Household Income

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$59,734

- 0%

Vs 2020

Ranked in the US

#44

Cost of Living Index

Living Wage

Minimum Hourly Wage

Median Household Income

Georgia

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Cost of Living Index

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89.3

↑ 0.79%

Vs 2022

Ranked in the US

#5

Living Wage

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$17.64

Ranked in the US

#33

Minimum Hourly Wage

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$7.25

Ranked in the US

#33

Median Household Income

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$61,497

- 0%

Vs 2020

Ranked in the US

#42

Georgia is the fifth cheapest state to live in, with a cost of living index of 88.6. The state's low cost of living can be attributed to its affordable housing options and relatively low healthcare costs. Georgia also has a low sales tax rate, which makes goods and services more affordable for residents.

Cost of Living Index

Living Wage

Minimum Hourly Wage

Median Household Income

Hawaii

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Cost of Living Index

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181.5

↓ 1.36%

Vs 2022

Ranked in the US

#50

Living Wage

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$21.99

Ranked in the US

#49

Minimum Hourly Wage

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$10.1

Ranked in the US

#24

Median Household Income

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$82,199

- 0%

Vs 2020

Ranked in the US

#9

Cost of Living Index

Living Wage

Minimum Hourly Wage

Median Household Income

Idaho

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Cost of Living Index

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99.2

↓ 0.4%

Vs 2022

Ranked in the US

#28

Living Wage

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$16.16

Ranked in the US

#14

Median Household Income

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$76,918

- 0%

Vs 2020

Ranked in the US

#18

Cost of Living Index

Living Wage

Minimum Hourly Wage

Median Household Income

Illinois

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Cost of Living Index

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92.1

↓ 0.54%

Vs 2022

Ranked in the US

#14

Living Wage

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$18.16

Ranked in the US

#39

Minimum Hourly Wage

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$12

Ranked in the US

#15

Median Household Income

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$79,253

- 0%

Vs 2020

Ranked in the US

#16

Cost of Living Index

Living Wage

Minimum Hourly Wage

Median Household Income

Indiana

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Cost of Living Index

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91.5

↑ 1.78%

Vs 2022

Ranked in the US

#13

Living Wage

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$15.79

Ranked in the US

#11

Minimum Hourly Wage

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$7.25

Ranked in the US

#35

Median Household Income

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$70,190

- 0%

Vs 2020

Ranked in the US

#29

Indiana is the eighth cheapest state to live in, with a cost of living index of 89.9. The state's low cost of living can be attributed to its affordable housing options, low taxes, and relatively low healthcare costs. Additionally, Indiana has a lower cost of living than the national average for goods and services, making it a more affordable place to live.

Cost of Living Index

Living Wage

Minimum Hourly Wage

Median Household Income

Iowa

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Cost of Living Index

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89.9

↑ 0.78%

Vs 2022

Ranked in the US

#7

Living Wage

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$16.18

Ranked in the US

#15

Minimum Hourly Wage

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$7.25

Ranked in the US

#36

Median Household Income

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$72,429

- 0%

Vs 2020

Ranked in the US

#25

Iowa is the seventh cheapest state to live in, with a cost of living index of 89.2. The state's low cost of living can be attributed to its affordable housing options, low taxes, and relatively low healthcare costs. Iowa also has a lower cost of living than the national average for goods and services, contributing to its overall affordability.

Cost of Living Index

Living Wage

Minimum Hourly Wage

Median Household Income

Kansas

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87.2

↓ 0.34%

Vs 2022

Ranked in the US

#3

Living Wage

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$16.38

Ranked in the US

#21

Minimum Hourly Wage

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$7.25

Ranked in the US

#37

Median Household Income

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$75,979

- 0%

Vs 2020

Ranked in the US

#20

Kansas is the third cheapest state to live in, with a cost of living index of 87.5. The state's low cost of living can be attributed to its affordable housing options, low taxes, and relatively low healthcare costs. Kansas also has a low sales tax rate, which contributes to the overall affordability of goods and services in the state.

Cost of Living Index

Living Wage

Minimum Hourly Wage

Median Household Income

Kentucky

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Cost of Living Index

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94.5

↓ 0.42%

Vs 2022

Ranked in the US

#21

Living Wage

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$15.46

Ranked in the US

#6

Minimum Hourly Wage

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$7.25

Ranked in the US

#38

Median Household Income

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$55,629

- 0%

Vs 2020

Ranked in the US

#47

Cost of Living Index

Living Wage

Minimum Hourly Wage

Median Household Income

Louisiana

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Cost of Living Index

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92.2

↓ 1.5%

Vs 2022

Ranked in the US

#17

Living Wage

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$16.15

Ranked in the US

#13

Minimum Hourly Wage

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$7.25

Ranked in the US

#39

Median Household Income

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$57,206

- 0%

Vs 2020

Ranked in the US

#45

Cost of Living Index

Living Wage

Minimum Hourly Wage

Median Household Income

Maine

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Cost of Living Index

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112.5

↓ 2.43%

Vs 2022

Ranked in the US

#39

Living Wage

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$17.88

Ranked in the US

#38

Minimum Hourly Wage

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$12.75

Ranked in the US

#10

Median Household Income

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$71,139

- 0%

Vs 2020

Ranked in the US

#26

Cost of Living Index

Living Wage

Minimum Hourly Wage

Median Household Income

Maryland

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Cost of Living Index

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120.7

↓ 2.66%

Vs 2022

Ranked in the US

#44

Living Wage

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$19.74

Ranked in the US

#45

Minimum Hourly Wage

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$12.5

Ranked in the US

#13

Median Household Income

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$97,332

- 0%

Vs 2020

Ranked in the US

#1

Cost of Living Index

Living Wage

Minimum Hourly Wage

Median Household Income

Massachusetts

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Cost of Living Index

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143.1

↓ 4.41%

Vs 2022

Ranked in the US

#48

Living Wage

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$21.88

Ranked in the US

#48

Minimum Hourly Wage

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$14.25

Ranked in the US

#3

Median Household Income

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$86,566

- 0%

Vs 2020

Ranked in the US

#7

Cost of Living Index

Living Wage

Minimum Hourly Wage

Median Household Income

Michigan

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Cost of Living Index

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92.1

↓ 0.11%

Vs 2022

Ranked in the US

#15

Living Wage

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$16.36

Ranked in the US

#20

Minimum Hourly Wage

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$9.87

Ranked in the US

#27

Median Household Income

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$64,488

- 0%

Vs 2020

Ranked in the US

#35

Cost of Living Index

Living Wage

Minimum Hourly Wage

Median Household Income

Minnesota

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Cost of Living Index

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95.6

↓ 1.95%

Vs 2022

Ranked in the US

#23

Living Wage

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$17.74

Ranked in the US

#35

Minimum Hourly Wage

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$10.33

Ranked in the US

#23

Median Household Income

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$80,441

- 0%

Vs 2020

Ranked in the US

#14

Cost of Living Index

Living Wage

Minimum Hourly Wage

Median Household Income

Mississippi

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Cost of Living Index

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86

↑ 1.18%

Vs 2022

Ranked in the US

#1

Living Wage

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$15.66

Ranked in the US

#9

Minimum Hourly Wage

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$7.25

Ranked in the US

#40

Median Household Income

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$46,637

- 0%

Vs 2020

Ranked in the US

#51

Mississippi is the cheapest state to live in, with a cost of living index of 85. The state's low cost of living can be attributed to its low housing costs, affordable healthcare, and low taxes. The median home price in Mississippi is $128,200, which is the lowest in the country, and the state also has a low-income tax rate, contributing to overall lower taxes for residents.

Cost of Living Index

Living Wage

Minimum Hourly Wage

Median Household Income

Missouri

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Cost of Living Index

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89.9

↑ 0.9%

Vs 2022

Ranked in the US

#8

Living Wage

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$16.29

Ranked in the US

#18

Minimum Hourly Wage

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$11.15

Ranked in the US

#17

Median Household Income

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$63,594

- 0%

Vs 2020

Ranked in the US

#37

Missouri is the sixth cheapest state to live in, with a cost of living index of 89.1. The state's low cost of living can be attributed to its affordable housing options, low taxes, and relatively low healthcare costs. Additionally, Missouri has a lower cost of living than the national average for goods and services, making it a more affordable place to live

Cost of Living Index

Living Wage

Minimum Hourly Wage

Median Household Income

Montana

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Cost of Living Index

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103

↓ 1.72%

Vs 2022

Ranked in the US

#33

Living Wage

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$16.32

Ranked in the US

#19

Minimum Hourly Wage

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$9.2

Ranked in the US

#29

Median Household Income

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$64,999

- 0%

Vs 2020

Ranked in the US

#34

Cost of Living Index

Living Wage

Minimum Hourly Wage

Median Household Income

Nebraska

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Cost of Living Index

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91.3

↓ 0.65%

Vs 2022

Ranked in the US

#11

Living Wage

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$16.6

Ranked in the US

#24

Minimum Hourly Wage

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$9

Ranked in the US

#30

Median Household Income

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$78,109

- 0%

Vs 2020

Ranked in the US

#17

Cost of Living Index

Living Wage

Minimum Hourly Wage

Median Household Income

Nevada

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Cost of Living Index

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101.7

↓ 1.45%

Vs 2022

Ranked in the US

#29

Living Wage

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$16.24

Ranked in the US

#16

Minimum Hourly Wage

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$10.5

Ranked in the US

#21

Median Household Income

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$64,340

- 0%

Vs 2020

Ranked in the US

#36

Cost of Living Index

Living Wage

Minimum Hourly Wage

Median Household Income

New Hampshire

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Cost of Living Index

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114.6

↓ 1.29%

Vs 2022

Ranked in the US

#41

Living Wage

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$17.32

Ranked in the US

#30

Minimum Hourly Wage

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$7.25

Ranked in the US

#41

Median Household Income

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$88,841

- 0%

Vs 2020

Ranked in the US

#3

Cost of Living Index

Living Wage

Minimum Hourly Wage

Median Household Income

New Jersey

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Cost of Living Index

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111.7

↓ 0.62%

Vs 2022

Ranked in the US

#37

Living Wage

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$20.57

Ranked in the US

#46

Minimum Hourly Wage

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$13

Ranked in the US

#8

Median Household Income

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$88,559

- 0%

Vs 2020

Ranked in the US

#4

Cost of Living Index

Living Wage

Minimum Hourly Wage

Median Household Income

New Mexico

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Cost of Living Index

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94.1

↑ 0.11%

Vs 2022

Ranked in the US

#20

Living Wage

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$16.25

Ranked in the US

#17

Minimum Hourly Wage

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$11.5

Ranked in the US

#16

Median Household Income

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$53,463

- 0%

Vs 2020

Ranked in the US

#48

Cost of Living Index

Living Wage

Minimum Hourly Wage

Median Household Income

New York

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Cost of Living Index

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126.6

↓ 5.87%

Vs 2022

Ranked in the US

#46

Living Wage

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$21.99

Ranked in the US

#50

Minimum Hourly Wage

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$13.2

Ranked in the US

#7

Median Household Income

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$72,920

- 0%

Vs 2020

Ranked in the US

#23

Cost of Living Index

Living Wage

Minimum Hourly Wage

Median Household Income

North Carolina

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Cost of Living Index

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95.8

↑ 0.1%

Vs 2022

Ranked in the US

#24

Living Wage

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$17.14

Ranked in the US

#28

Minimum Hourly Wage

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$7.25

Ranked in the US

#42

Median Household Income

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$62,891

- 0%

Vs 2020

Ranked in the US

#38

Cost of Living Index

Living Wage

Minimum Hourly Wage

Median Household Income

North Dakota

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Cost of Living Index

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96

↓ 1.13%

Vs 2022

Ranked in the US

#25

Living Wage

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$15.37

Ranked in the US

#3

Minimum Hourly Wage

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$7.25

Ranked in the US

#43

Median Household Income

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$68,882

- 0%

Vs 2020

Ranked in the US

#31

Cost of Living Index

Living Wage

Minimum Hourly Wage

Median Household Income

Ohio

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Cost of Living Index

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91.4

↓ 0.54%

Vs 2022

Ranked in the US

#12

Living Wage

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$15.61

Ranked in the US

#8

Minimum Hourly Wage

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$9.3

Ranked in the US

#28

Median Household Income

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$62,689

- 0%

Vs 2020

Ranked in the US

#39

Cost of Living Index

Living Wage

Minimum Hourly Wage

Median Household Income

Oklahoma

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Cost of Living Index

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86.9

↑ 1.28%

Vs 2022

Ranked in the US

#2

Living Wage

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$15.75

Ranked in the US

#10

Minimum Hourly Wage

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$7.25

Ranked in the US

#44

Median Household Income

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$60,096

- 0%

Vs 2020

Ranked in the US

#43

Oklahoma is the second cheapest state to live in, with a cost of living index of 85.8. The state's low cost of living is due to affordable housing and low taxes. Additionally, Oklahoma has a low sales tax rate, which makes goods and services more affordable for residents.

Cost of Living Index

Living Wage

Minimum Hourly Wage

Median Household Income

Oregon

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Cost of Living Index

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116.2

↓ 4.13%

Vs 2022

Ranked in the US

#43

Living Wage

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$19.51

Ranked in the US

#44

Minimum Hourly Wage

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$13.5

Ranked in the US

#6

Median Household Income

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$81,855

- 0%

Vs 2020

Ranked in the US

#10

Cost of Living Index

Living Wage

Minimum Hourly Wage

Median Household Income

Pennsylvania

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Cost of Living Index

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97

↓ 1.22%

Vs 2022

Ranked in the US

#27

Living Wage

help

$16.67

Ranked in the US

#25

Minimum Hourly Wage

help

$7.25

Ranked in the US

#45

Median Household Income

help

$72,627

- 0%

Vs 2020

Ranked in the US

#24

Cost of Living Index

Living Wage

Minimum Hourly Wage

Median Household Income

Rhode Island

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Cost of Living Index

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111.8

↓ 0.97%

Vs 2022

Ranked in the US

#38

Living Wage

help

$17.8

Ranked in the US

#36

Minimum Hourly Wage

help

$12.25

Ranked in the US

#14

Median Household Income

help

$74,982

- 0%

Vs 2020

Ranked in the US

#21

Cost of Living Index

Living Wage

Minimum Hourly Wage

Median Household Income

South Carolina

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Cost of Living Index

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96.4

↑ 2.23%

Vs 2022

Ranked in the US

#26

Living Wage

help

$17.47

Ranked in the US

#32

Minimum Hourly Wage

help

$7.25

Ranked in the US

#46

Median Household Income

help

$62,542

- 0%

Vs 2020

Ranked in the US

#40

Cost of Living Index

Living Wage

Minimum Hourly Wage

Median Household Income

South Dakota

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Cost of Living Index

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93.4

↓ 1.16%

Vs 2022

Ranked in the US

#19

Living Wage

help

$14.85

Ranked in the US

#1

Minimum Hourly Wage

help

$9.95

Ranked in the US

#26

Median Household Income

help

$73,893

- 0%

Vs 2020

Ranked in the US

#22

Cost of Living Index

Living Wage

Minimum Hourly Wage

Median Household Income

Tennessee

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Cost of Living Index

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90.4

↑ 0.22%

Vs 2022

Ranked in the US

#10

Living Wage

help

$15.45

Ranked in the US

#4

Minimum Hourly Wage

help

$7.25

Ranked in the US

#47

Median Household Income

help

$62,166

- 0%

Vs 2020

Ranked in the US

#41

Tennessee is the tenth cheapest state to live in, with a cost of living index of 90.2. The state's low cost of living can be attributed to its affordable housing options, low taxes, and relatively low healthcare costs. Additionally, Tennessee has a lower cost of living than the national average for goods and services, making it a more affordable place to live.

Cost of Living Index

Living Wage

Minimum Hourly Wage

Median Household Income

Texas

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Cost of Living Index

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92.9

↑ 0.43%

Vs 2022

Ranked in the US

#18

Living Wage

help

$16.41

Ranked in the US

#23

Minimum Hourly Wage

help

$7.25

Ranked in the US

#48

Median Household Income

help

$67,404

- 0%

Vs 2020

Ranked in the US

#33

Cost of Living Index

Living Wage

Minimum Hourly Wage

Median Household Income

Utah

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Cost of Living Index

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102.7

↓ 0.1%

Vs 2022

Ranked in the US

#32

Living Wage

help

$16.98

Ranked in the US

#27

Minimum Hourly Wage

help

$7.25

Ranked in the US

#49

Median Household Income

help

$87,649

- 0%

Vs 2020

Ranked in the US

#5

Cost of Living Index

Living Wage

Minimum Hourly Wage

Median Household Income

Vermont

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Cost of Living Index

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400

↑ 245.13%

Vs 2022

Ranked in the US

#51

Living Wage

help

$17.81

Ranked in the US

#37

Minimum Hourly Wage

help

$12.55

Ranked in the US

#12

Median Household Income

help

$76,079

- 0%

Vs 2020

Ranked in the US

#19

Cost of Living Index

Living Wage

Minimum Hourly Wage

Median Household Income

Virginia

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Cost of Living Index

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102.6

↓ 0.19%

Vs 2022

Ranked in the US

#31

Living Wage

help

$19.4

Ranked in the US

#43

Minimum Hourly Wage

help

$11

Ranked in the US

#19

Median Household Income

help

$80,268

- 0%

Vs 2020

Ranked in the US

#15

Cost of Living Index

Living Wage

Minimum Hourly Wage

Median Household Income

Washington

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Cost of Living Index

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115.6

↑ 1.23%

Vs 2022

Ranked in the US

#42

Living Wage

help

$18.54

Ranked in the US

#40

Minimum Hourly Wage

help

$14.49

Ranked in the US

#2

Median Household Income

help

$87,648

- 0%

Vs 2020

Ranked in the US

#6

Cost of Living Index

Living Wage

Minimum Hourly Wage

Median Household Income

West Virginia

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Cost of Living Index

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89.3

↓ 0.78%

Vs 2022

Ranked in the US

#6

Living Wage

help

$15.45

Ranked in the US

#5

Minimum Hourly Wage

help

$8.75

Ranked in the US

#31

Median Household Income

help

$46,836

- 0%

Vs 2020

Ranked in the US

#50

West Virginia is the ninth cheapest state to live in, with a cost of living index of 90. The state's low cost of living can be attributed to its affordable housing options and low taxes. West Virginia also has a lower cost of living than the national average for goods and services, making it a more affordable place to live.

Cost of Living Index

Living Wage

Minimum Hourly Wage

Median Household Income

Wisconsin

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Cost of Living Index

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95.1

↓ 0.42%

Vs 2022

Ranked in the US

#22

Living Wage

help

$16.4

Ranked in the US

#22

Minimum Hourly Wage

help

$7.25

Ranked in the US

#50

Median Household Income

help

$69,943

- 0%

Vs 2020

Ranked in the US

#30

Cost of Living Index

Living Wage

Minimum Hourly Wage

Median Household Income

Wyoming

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add_circle

Cost of Living Index

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92.1

↓ 0.43%

Vs 2022

Ranked in the US

#16

Living Wage

help

$15.25

Ranked in the US

#2

Minimum Hourly Wage

help

$7.25

Ranked in the US

#51

Median Household Income

help

$71,052

- 0%

Vs 2020

Ranked in the US

#27

Cost of Living Index

Living Wage

Minimum Hourly Wage

Median Household Income

FAQs

What is the cheapest state to live in in the US ?

Mississippi is the cheapest state to live in, as it has the lowest cost of living in the US, with a cost of living index of 85.

What are the cheapest states to live in ?

The cheapest states to live in are Mississippi, Oklahoma, Kansas, Alabama, Georgia, Missouri, Iowa, Indiana, West Virginia, and Tennessee.

Cheapest States to Live in 2023 - Wisevoter (2024)

FAQs

Cheapest States to Live in 2023 - Wisevoter? ›

The cheapest states to live in are Mississippi, Oklahoma, Kansas, Alabama, Georgia, Missouri, Iowa, Indiana, West Virginia, and Tennessee. Mississippi is the cheapest state to live in in the US, with a cost of living index of 85.

What state has the lowest cost of living in 2023? ›

Mississippi, known for its rich history, warm hospitality, and mouthwatering southern cuisine, is not only the state with the lowest cost of living in the U.S., but it also offers an affordable lifestyle that can be a particularly appealing place to live for families, retirees, and anyone looking to stretch their ...

What state has the cheapest overall cost of living? ›

  • Arkansas. #1 in Cost of Living. #47 in Best States Overall. ...
  • Mississippi. #2 in Cost of Living. #48 in Best States Overall. ...
  • Alabama. #3 in Cost of Living. ...
  • South Dakota. #4 in Cost of Living. ...
  • Iowa. #5 in Cost of Living. ...
  • North Dakota. #6 in Cost of Living. ...
  • Oklahoma. #7 in Cost of Living. ...
  • West Virginia. #8 in Cost of Living.

What is the cheapest state to buy a house in 2023? ›

Mississippi, “The Magnolia State,” is the birthplace of Elvis Presley and the delta blues. It's also the cheapest state to buy a house in 2023. As of 2020, the total state population was 2,961,279, making it the 32nd most populated state. The most populated city is Jackson, with 153,701 residents.

What state has the worst cost of living? ›

Hawaii took the top spot in our investigation of the states with the most expensive cost of living. The total average annual expenditure of $55,491 leaves its residents just $5,929 to spend per year on average. Consequently, Hawaii ranked as the state with the lowest disposable income.

What state has the best pay and lowest cost of living? ›

South Dakota is among the states with the highest minimum wage and low cost of living, with housing and utilities costing an estimated 15% less than the national average in the US. The minimum wage in the state is set to increase 40 cents from January 1, 2024.

What is the best state to live in financially? ›

Top 5 Best States for Families To Live on the Average Salary
  • Connecticut: The Best State Financially for Families. ...
  • New Hampshire. ...
  • Maryland. ...
  • New Jersey. ...
  • Virginia. ...
  • Hawaii: The Worst State Financially for Families. ...
  • Nevada. ...
  • Florida.
Feb 20, 2024

What state is everything cheaper? ›

The cheapest states to live in are Mississippi, Oklahoma, Kansas, Alabama, Georgia, Missouri, Iowa, Indiana, West Virginia, and Tennessee. Mississippi is the cheapest state to live in in the US, with a cost of living index of 85. The second cheapest state to live in is Oklahoma, with a cost of living index of 85.8.

What are the three most affordable states to live in? ›

The most affordable U.S. state overall is Utah, in which the cost of living makes up 63.3% of average residents' income. Coming in second place is Tennessee, in which the cost of living makes up 63.7% of average income. Meanwhile, Arizona comes in third place, with cost of living making up 64.1% of average income.

What US town has the lowest cost of living? ›

Most Affordable Places to Live in the U.S. in 2023-2024
  • Hickory, NC.
  • Youngstown, OH.
  • Huntington, WV & Ashland, KY-OH.
  • Fort Wayne, IN.
  • Beaumont, TX.
  • Peoria, IL.

What state has the cheapest property tax? ›

The state with the lowest property tax rate is Hawaii, giving investors even more reason to consider the Aloha State. Though their effective property tax rate is a low 0.29%, there are actually several states with property taxes under 1%.

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.

What state has the cheapest land? ›

The ten states with the cheapest land are Arizona, New Mexico, Mississippi, Colorado, Arkansas, New York, Missouri, Oregon, Alabama, and Michigan. Arizona is the cheapest state to buy land with a median price of $4,164 per acre.

What is the easiest state to live in financially? ›

Most Affordable States to Live in 2024
  • Iowa.
  • Kansas.
  • Mississippi.
  • Missouri.
  • Nebraska.
  • Oklahoma.
  • Tennessee.
  • West Virginia.
Apr 22, 2024

What is the #1 most expensive city in the US? ›

New York City is not only the most expensive to live in the US but also one of the most expensive place to live in the world.

What is the best state to live in for taxes and cost of living? ›

Alaska had the lowest average overall tax burden – measured as total individual taxes paid divided by total personal income – at 5.4%, followed by Tennessee (6.3%), New Hampshire (6.4%), Wyoming (6.6%) and Florida (6.7%).

What is the cheapest city to live in 2023? ›

The Best Affordable Places to Live in the U.S. include:
  • Huntington, West Virginia, and Ashland, Kentucky.
  • Huntsville, Alabama.
  • Fort Wayne, Indiana.
  • Beaumont, Texas.
  • Peoria, Illinois.
  • Green Bay, Wisconsin.
  • Quad Cities – Davenport-Bettendorf, Iowa, and Moline-Rock Island, Illinois.
  • Knoxville, Tennessee.

What is the #1 best state to live in 2023? ›

While Massachusetts has the highest total score for 2023, each state ranks differently depending on the livability metric. Alabama ranked the best state to live in for affordability, while California ranked the worst for this metric.

What is the best state to live in 2023? ›

Top three states to live in
  • Massachusetts came out on top as the best state to live in, with a total score of 61.67. ...
  • New Jersey came out on top as the second best state to live in, with a total score of 61.48. ...
  • New Hampshire came out on top as the third best state to live in, with a total score of 59.32.
Aug 15, 2023

What state is everyone moving to in 2023? ›

The most moved-to states in 2023 were South Carolina, North Carolina, Tennessee, Arizona and Florida. Among the top inbound states in the Moving Migration Report, some cities saw a higher influx of new residents than others. The top cities in 2023 include: Tucson, Arizona.

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