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

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

help

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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add_circle

Cost of Living Index

help

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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add_circle

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

See more

add_circle

Cost of Living Index

help

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

See more

add_circle

Cost of Living Index

help

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

See more

add_circle

Cost of Living Index

help

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

help

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

See more

add_circle

Cost of Living Index

help

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

What state has the lowest cost of living 2023? ›

13 Cheapest States to Live in for 2023
  • Kansas.
  • Oklahoma.
  • Mississippi.
  • West Virginia.
  • Alabama.
  • Missouri.
  • Arkansas.
  • Michigan.
Feb 6, 2024

What is the #1 cheapest state 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.

What is the best state to live in financially? ›

Top 5 Best States for Families To Live on the Average Salary
  1. Connecticut: The Best State Financially for Families. Among all states, Connecticut provides the most optimal conditions for a comfortable lifestyle, with the average two-earner household earning $144,146 a year. ...
  2. New Hampshire. ...
  3. Maryland. ...
  4. New Jersey. ...
  5. Virginia.
Feb 20, 2024

What is the cheapest state for seniors to live in? ›

According to the Missouri Economic Research and Information Center, the lowest overall costs of living were found in Mississippi, Oklahoma, Kansas, Alabama, and West Virginia: Cheapest states to retire.

What is the best state to live in financially in 2023? ›

Alabama ranked the best state to live in for affordability, while California ranked the worst for this metric.

Where is the cheapest and safest place to live in USA? ›

Winston Salem, North Carolina: among the cheapest cities in USA. This city in North Carolina is another one of the most affordable and safest places to live in the USA.

What state is everything cheap? ›

Mississippi is the most affordable state in the U.S., with an overall cost of living index of 86. The average home value in the state is $112,000. The average monthly rent for a house is $1,050, and the average monthly rent for a two-bedroom apartment is $727, $300 less than the national average.

Which state is worth moving to? ›

If you're thinking of relocating this year, consider New Hampshire, Wyoming, Virginia, Rhode Island and Wisconsin, which lead the most recent list of the best states to move to, according to immigration law experts Shoreline Immigration.

What states have the best housing assistance? ›

Which states offer the most subsidized housing units? Rhode Island had the most subsidized units per 100,000 people in 2022, with over 35 units per 1,000 people. It's followed by New York (30), Massachusetts (28), Connecticut (23), and Louisiana (21).

What is the hardest state to live in financially? ›

Here's which states ranked worse off financially:
  1. Louisiana. Topping the list of the most financially distressed states is Louisiana. ...
  2. Mississippi. In second place is neighboring Mississippi. ...
  3. Texas. Texas takes this place after a surge of more than 21% in non-business bankruptcy filings in the past year.
Dec 18, 2023

What state is worth the least money? ›

These are the least valuable states in the U.S., based on land value:
  • Wyoming. Land value per acre – $1,558.
  • New Mexico. $1,931.
  • Nevada. $2,116.
  • South Dakota. $2,135.
  • Montana. $2,283.
  • North Dakota. $2,283.
  • Nebraska. $2,936.
  • Idaho. $3,435.

What is the best state to live in without income tax? ›

States with the lowest personal income tax rates
  • Alaska.
  • Florida.
  • Nevada.
  • South Dakota.
  • Tennessee.
  • Texas.
  • Washington.
  • Wyoming.
5 days ago

Where is the cheapest place to live on Social Security? ›

1. Iowa. Iowa tops the list for best states to live on just a Social Security check thanks to a number of factors. Overall, the monthly cost of living-rent, groceries, healthcare, utilities, transportation, and any miscellaneous expenses-comes to just under $3,000.

What state helps seniors the most? ›

Minnesota and Washington are the states that provide the best services and supports for frail older adults, younger people with disabilities, and their families, according to a new study by AARP.

Where are most retirees moving to? ›

These five states drew the largest percentage of interstate moves by retirees in 2023:
  • Florida (11.1% of all inbound moves)
  • South Carolina (10%)
  • New Jersey (6%)
  • Texas (5.8%)
  • Washington (5. 3%)
Jan 10, 2024

Where is the cheapest place to retire in the US 2023? ›

West Virginia ranks as the least expensive state to retire in 2023, according to data from Bankrate's “Best and Worst States to Retire” list. The state's light tax burden and low cost of living may make it an attractive option for retirees.

What city has 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.

Will cost of living go down 2023? ›

Caldwell estimates that the inflation rate will average around 1.5% between 2023 and 2025. “While consensus has largely given up on the 'transitory' story for inflation, we still think most of the sources of today's high inflation will abate, and even unwind in impact, over the next few years,” Caldwell says.

Is Texas the cheapest state to live in? ›

Texas ranked 17 in states with lowest cost of living, according to composite cost of living index data for the first quarter of 2023. Its overall cost of living index was 93 — the lowest was Mississippi at 85.3 and the highest was Hawaii at 179. Here is a breakdown of the how certain expenses scored in Texas.

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