The cost of living varies significantly across the United States, with some states offering a significantly lower cost of living than others. This article explores the 13 cheapest states to live in, based on data from the Council for Community and Economic Research (C2ER).
Key Facts
- Kansas: Kansas is considered one of the cheapest states to live in. It has a cost of living that is 14% below the national average. The state offers relatively low housing prices, high salaries, and low unemployment rates.
- Oklahoma: Oklahoma is another state known for its affordability. It has an average cost of living that is 13.6% lower than normal. Housing costs in Oklahoma are relatively low, and the state offers a variety of job opportunities.
- Mississippi: Mississippi is ranked as the third cheapest state to live in, with a cost of living that is 12.5% below the national average. While housing is affordable in Mississippi, it also has the lowest median household income among the states on the list.
- West Virginia: West Virginia is known for its low cost of living, which is 12.3% below average. The state has the lowest median home price among the states on the list. West Virginia offers beautiful outdoor areas and a rich coal mining history.
- Alabama: Alabama has the fifth lowest cost of living, with a cost that is 11.9% lower than the national average. The state offers a mix of forests and beaches, and it is one of America’s biggest steelmakers.
Please note that the information provided is based on the search results and may not reflect the current year’s data. It is always recommended to consult reliable sources for the most up-to-date and accurate information.
Kansas
Kansas has the lowest cost of living among the 13 states, at 14% below the national average. It offers low housing prices, high salaries, and low unemployment rates.
Oklahoma
Oklahoma’s cost of living is 13.6% lower than average. The state has low housing costs and a diverse job market.
Mississippi
Mississippi ranks third with a cost of living 12.5% below the national average. While housing is affordable, the state has a lower median household income.
West Virginia
West Virginia has a cost of living 12.3% below average, with the lowest median home price among the states on the list. It boasts beautiful outdoor areas and a coal mining industry.
Alabama
Alabama’s cost of living is 11.9% lower than the national average. The state offers a mix of forests and beaches, and it is a major steel producer.
Missouri
Missouri’s cost of living is 11.4% below average. While Kansas City is more expensive, the state offers affordable cities like Joplin.
Arkansas
Arkansas has a cost of living 11.2% below average. The state is known for its natural hot springs, caves, and forests.
Michigan
Michigan’s cost of living is 10.2% below average. While Detroit is more expensive, the state has affordable cities like Kalamazoo.
Georgia
Georgia’s cost of living is 9.4% below average. Atlanta is more expensive, but smaller cities offer lower costs.
Iowa
Iowa’s cost of living is 9.4% below average. The state offers affordable housing and a high median household income.
Tennessee
Tennessee’s cost of living is 9.4% below average. While Nashville is more expensive, Knoxville offers lower costs.
Indiana
Indiana’s cost of living is 9.3% below average. The state offers a variety of landscapes and a low cost of living.
Illinois
Illinois’ cost of living is 8.6% below average. While Chicago is more expensive, the state has affordable cities like Decatur.
Conclusion
The 13 states listed above offer a significantly lower cost of living compared to the national average. These states provide affordable housing, low unemployment rates, and a variety of job opportunities. However, it is important to consider individual circumstances, career goals, and lifestyle preferences when making a decision about relocating.
Sources
- Forbes: Cheapest States to Live In
- Ramsey Solutions: Cheapest States to Live In
- Fortune Builders: Cheapest States to Live
FAQs
What is the cheapest state to live in the United States?
Kansas has the lowest cost of living among the 13 states, at 14% below the national average.
What factors contribute to a low cost of living?
Low housing prices, high salaries, and low unemployment rates are all factors that can contribute to a low cost of living.
What are some of the benefits of living in a state with a low cost of living?
Living in a state with a low cost of living can allow you to save more money, reduce your financial stress, and have a higher quality of life.
What are some of the challenges of living in a state with a low cost of living?
States with a low cost of living may have fewer job opportunities, lower wages, and less access to amenities and services.
How can I find out the cost of living in a particular state?
You can use online cost of living calculators or research the cost of housing, groceries, transportation, and other expenses in the state you are interested in.
Should I move to a state with a low cost of living?
The decision of whether or not to move to a state with a low cost of living depends on your individual circumstances, career goals, and lifestyle preferences.
What other factors should I consider when choosing a place to live?
In addition to the cost of living, you may also want to consider factors such as job opportunities, climate, culture, and access to amenities and services.