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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add_circle

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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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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add_circle

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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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

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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

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

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. 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 in 2023? ›

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 has the lowest rent in 2023? ›

The U.S. state with the lowest average monthly rent: West Virginia. West Virginia has the lowest rent costs with a monthly average of $846, according to the doxo report. It is also the most affordable state for mortgage payments, with an average of $961.

What is the #1 cheapest state to live in? ›

Mississippi is the cheapest state in the US, boasting a cost of living index of 85, rendering it the most affordable option.

Where is the cheapest place to live in the United States 2023? ›

Top 10 Most Affordable Cities to Live in 2023
  1. Green Bay, Wis. Roughly 120 miles north of Milwaukee, Green Bay ranks as the most affordable city in our study. ...
  2. Wichita, Kan. ...
  3. Rapid City, S.D. ...
  4. Springfield, Ill. ...
  5. Broken Arrow, Okla. ...
  6. Jackson, Miss. ...
  7. Alexandria, La. ...
  8. Iowa City, Iowa.
Dec 29, 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.

What is the hardest state to live in financially? ›

Hawaii. Hawaii holds the top spot for the worst state to live in for the money. Its overall cost of living is 79% higher than national average, with healthcare being 18% higher and groceries 25.6% higher.

Which US state has cheapest rent? ›

Cheapest State for Rent in the US

The least expensive state for rent is West Virginia with an average rent price of $800.

Where in the US has the lowest cost of living? ›

  • Mississippi. #1 in Cost of Living. #48 in Best States Overall. ...
  • Alabama. #2 in Cost of Living. #44 in Best States Overall. ...
  • Kentucky. #3 in Cost of Living. ...
  • Arkansas. #4 in Cost of Living. ...
  • Iowa. #5 in Cost of Living. ...
  • New Mexico. #6 in Cost of Living. ...
  • South Dakota. #7 in Cost of Living. ...
  • Oklahoma. #8 in Cost of Living.

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 lowest cost of living and highest pay? ›

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.

Which state has the lowest average house cost? ›

States With the Lowest Median Home Prices
  • Iowa. Iowa's median home price was the lowest in the nation at just $229,000 as of September 2023. ...
  • Ohio. Don't let the low prices fool you—Ohio's housing market is competitive. ...
  • Arkansas (tie) ...
  • Oklahoma (tie) ...
  • Louisiana.
Apr 18, 2024

Where is the best place to move to start over? ›

According to the survey, the top 10 cities to move to for a fresh start are:
  • Raleigh, North Carolina.
  • Austin, Texas.
  • Virginia Beach, Virginia.
  • Oklahoma City, Oklahoma.
  • Charlotte, North Carolina.
  • Jacksonville, Florida.
  • Salt Lake City, Utah.
  • Richmond, Virginia.
Jan 19, 2024

What state has the lowest rent 2023? ›

The 10 most affordable rental markets in 2023
  • West Virginia topped the list of the 10 most affordable states for renters, with a score of 85, followed by Wyoming (84) and North Dakota (82).
  • Source: Home Stratosphere.
  • Source: Home Stratosphere.
Dec 1, 2023

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 best economy in 2023? ›

Strongest State Economies in 2023
RankStateReal GDP 2023
1North Dakota$58B
2Texas$2.0T
3Wyoming$39B
4Alaska$53B
7 more rows
Apr 11, 2024

What is the best state to live in to make the most money? ›

But the state where workers earn the highest median annual wage is actually Massachusetts, where the median income as of 2023 is about $60,690, according to the Bureau of Labor Statistics. Workers in the District of Columbia have a higher annual median wage at $84,450, but Massachusetts is the highest-earning state.

What is the best state to retire on a fixed income in 2023? ›

Virginia tops the list of the best states for retirement with excellent scores in affordability, quality of life, and healthcare. Florida is second on the list of best states to retire in, which is unsurprising due to its low costs, generous tax laws, and high quality of life.

What is the safest state to live in 2023? ›

According to the 2023 Safest States in America report by WalletHub, Vermont has been declared the safest state in the U.S. while Louisiana ranks as the most dangerous. This is the third consecutive year Vermont has taken top honors in WalletHub's Safest States rankings.

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