Whether you’re dreaming of beachfront sunsets or country roads, the cost of creating a new life can vary from state to state. Thankfully, there’s research out there that makes the whole process a little easier. Here are the nine most expensive states in America and nine of the cheapest.
High Prices in Paradise
This data comes courtesy of World Population Review. Living in Hawaii might sound like a dream, but it’s the most expensive dream here, with a cost of living index of 179. Practically everything in this state costs more because it travels a long way to reach the islands. You might save on winter coats, but you’ll spend more on everything else.
The Price of Politics
In DC, you’re paying a lot to be in the middle of all the political action, as this state has a cost of living index of 148.70. Living here means you’ll have to fork out for some seriously pricey homes. Even though the job market’s doing well, the rent is pretty high, so you better believe that your paycheck needs to stretch.
Costs in the Commonwealth
Massachusetts received a 148.40 on the cost of living index, which is mostly due to its tech scene and high-quality universities. Living in places like Boston means you’re paying top dollar to be near the brains and all that creativity. While it’s certainly not cheap, you’re paying for the privilege of walking the same streets as some of America’s brightest minds.
Spending on Sunshine
At 134.50, California’s cost of living index is heating up as much as the summers here. Houses in the state can cost a small fortune, especially in places like Silicon Valley. It doesn’t matter if you’re in LA or San Francisco because the price tags are just as steep and breathtaking as the landscape.
Big City, Big Costs
New York has a cost index of 125.10, and if you’ve ever gone apartment shopping in NYC, that number won’t surprise you. It’s the city of dreams, but they come with a price tag, no matter if it’s for your rent or your subway pass. Even the average cost of a bagel in the Big Apple is around $6.50.
High Prices Up North
Although Alaska is remote and cold, its cost index is a hot 124.40. Like Hawaii, it’s hard to get anything up there, including groceries and gas, which means that the price of things is pretty high. Plus, heating your home in the winter is pretty much a necessity, and those costs soon add up.
The Old Line State
Being so close to DC, it’s no surprise that Maryland also has a pretty high cost of living index at 119.50. In particular, areas near Baltimore and the capital can be particularly expensive. There are plenty of jobs here, especially in defense and tech, but you need to be prepared to pay a high price to truly enjoy this state.
Paying for Beauty
In Oregon, you’ll get plenty of rain but also some high real estate prices, which is why the state has a cost of living index of 115.10. Strict land use laws mean things are certainly pretty, although they’re also just expensive, too. In places like Portland, everyone wants a piece of eco-friendly pie, and they’re willing to pay high prices to get it.
Digital Dollars
Washington has the same cost of living index as Oregon at 115.10, which comes mostly from the number of tech companies here. Seattle is the home to giants like Amazon and Microsoft, which have caused house prices and the general cost of living to skyrocket. It’s a creative state, but you’ll have to get creative with your wallet as well.
More for Less
On the opposite side of the spectrum, we have Mississippi, with a cost of living index of 85.30. It’s a state where your dollars stretch further, especially with your housing, and you can enjoy a quieter way of life. You also get plenty of Southern charm at no extra cost. Honestly, what could be better than that?
Low Prices in the Great Plains
Oklahoma has a cost of living index of 86.00, thanks to the state’s lower grocery and gas costs. In this state, you can spread out and breathe easily, knowing that your finances will be okay. The state also has plenty of affordable education options and lower utility costs, so it’s much easier to manage your monthly budgets and save for the future.
No Hassle in the Heartland
In Kansas, the cost of living index is 87.70, which also translates into a good housing market, too. You can own a home in this state without breaking the bank and still have money left for all those BBQs and basketball games. Healthcare and childcare costs also aren’t so bad, so lots of families have a higher standard of living for a lot less.
Cheap and Cheerful
Missouri’s a sweet spot for affordable living because it has a score of 88.40. Whether you’re in St. Louis or in the countryside, you’ll find that your dollars go a lot further here. The state’s lower transportation and health costs mean that living comfortably and affordably doesn’t have to be so difficult after all.
Savings in the South
Living costs in Alabama are pretty nice, which is why the state has a cost of living index of 88.80. It’s a state where you can truly appreciate the slower pace of Southern life without having to dip too much into your savings. Residents here also pay lower utility bills than in some other states, which makes it easier to enjoy the state’s famous leisurely lifestyle.
The Cost of Cornfields
Iowa has a cost of living index of 89.70, as life here is just as affordable as it is quiet. You can enjoy a good quality of life without financial worries, and you’ll also have plenty of space to roam. The state’s well-funded public services, like its libraries and parks, also make daily life even more enjoyable.
Budget-Friendy Plains
Nebraska is well-known for its friendly residents and open skies, while its cost of living mirrors its simple lifestyle. The state received a score of 90.10, proving that you can really stretch your dollars here. Education and medical expenses in Nebraska are also below the national average, which makes things even better.
Reasonably Rustic
If you’re looking for an outdoor lifestyle without rugged prices, West Virginia is the one for you since it has a cost index of 90.30. Housing is pretty affordable here, and that makes it a lot easier to enjoy the beautiful mountain views, knowing they won’t cost you an arm and a leg. Even daily expenses are manageable, thanks to low utilities and transportation costs.
Natural Beauty and Natural Costs
Arkansas has the same cost index as West Virginia at 90.30. This makes it the perfect state for people who love natural beauty like the Ozarks but also want to live well for less. The state also has lower education and healthcare costs, meaning that it’s great for families who want a good quality of life without the high price tag.
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