What is the #1 cheapest state to live in? (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 state currently has the lowest cost of living?

Mississippi ranks as the state with the lowest cost of living overall. Keep in mind that wages are also quite low, on average, in that state. For most people, your single biggest cost is going to be housing. So I would start there bc that's where you can make the biggest impact on your finances.

What is the best state to live in financially?

When it comes to the most affordable best state to live in USA, Mississippi takes the crown as the cheapest state. With a cost of living index of 85, it offers residents a significant economic advantage. Following closely behind as the best state to live in USA is Oklahoma, with a cost of living index of 85.8.

What is the cheapest state to live in 2023?

13 Cheapest States to Live in for 2023
  • Kansas.
  • Oklahoma.
  • Mississippi.
  • West Virginia.
  • Alabama.
  • Missouri.
  • Arkansas.
  • Michigan.
Dec 19, 2023

What is the #1 most affordable state?

Mississippi is the cheapest state to live in in the United States. Overall, costs in the state are 17% lower than the national average. Housing costs in Mississippi are the lowest in the nation.

What is the best state to move to in 2023?

Massachusetts topped 2023's list, scoring 61 out of 100. New Jersey came in second. New Hampshire, New York, and Wyoming fill out the rest of the top five states to live in, in that order. Several Southern states – Mississippi, Louisiana and Arkansas, among others – rounded out the bottom of WalletHub's rankings.

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

Kansas. Kansas has a cost of living index of 87.7, which is below the country's average. It's one of the states with the best income to cost of living ratio since everything from groceries, utilities, transportation and housing are all below the current standard.

Which is the richest state in USA?

The richest states in the US are New York, Massachusetts, Washington, California, North Dakota, Connecticut, Delaware, Alaska, Nebraska, and Illinois. The richest state in America is New York, with a GDP per capita of $96,502.

What state is the happiest?

Utah is the happiest state in America

Utah ranked as the happiest state in the U.S., according to the 2023 WalletHub. According to the WalletHub report, Utah had the highest volunteer rate, with 40.7%, 2.6 times higher than Florida, with the lowest volunteer rate.

What is the number 1 best state to live in?

  • Utah. #1 in Best States Overall. ...
  • Washington. #2 in Best States Overall. ...
  • Idaho. #3 in Best States Overall. ...
  • Nebraska. #4 in Best States Overall. ...
  • Minnesota. #5 in Best States Overall. ...
  • New Hampshire. #6 in Best States Overall. ...
  • Iowa. #7 in Best States Overall. ...
  • Wisconsin. #8 in Best States Overall.

What is the safest state to live in?

Safest States in the US
  1. Vermont. Vermont was the safest state in the US in 2022, with a total score of 69.49. ...
  2. Maine. With a score of 66.24, Maine was 2022's second-safest U.S. state. ...
  3. New Hampshire. ...
  4. Minnesota. ...
  5. Utah. ...
  6. Connecticut. ...
  7. Massachusetts. ...
  8. Rhode Island.

Where is the cheapest place to live?

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

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

Best States 2023
  • #1. Utah.
  • #2. Washington.
  • #3. Idaho.
  • #4. Nebraska.
  • #5. Minnesota.

What state is everything cheap?

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.

What is the cheapest state to buy land in 2023?

The ten states with the cheapest land are Arizona, New Mexico, Mississippi, Colorado, Arkansas, New York, Missouri, Oregon, Alabama, and Michigan. Arizona is the cheapest state to buy land with a median price of $4,164 per acre. New Mexico is the second cheapest state to buy land with a median price of $6,000 per acre.

Where is the cheapest safest place to live in the US?

Lake in the Hills, Illinois

Its total crime rate per 1,000 residents — just 3.1 — is the lowest in our top 15. Lake in the Hills also boasts the second-lowest annual cost for groceries in our list, just $5,091.

What is the safest state to live in 2023?

The top five safest states, according to the study, are Vermont, Maine, New Hampshire, Utah and Massachusetts.

Which state should I move to?

What are the best states to move to, when it comes to safety and quality of living? New Hampshire, Wyoming, Virginia, Rhode Island and Wisconsin lead the 2023 list of the best states to move to, according to immigration law experts Shoreline Immigration.

What is the most expensive state 2023?

Hawaii is the most expensive state to live in, with a cost of living index of 184.

Is $20 an hour a livable wage?

California. California's living wage is $19.41, or $40,371 a year for an individual. A family of four requires $27.42, or $101,378 a year.

What is a good hourly wage to live comfortably?

Living Wage Calculation for California
1 ADULT2 ADULTS (BOTH WORKING)
0 Children2 Children
Living Wage$21.24$30.06
Poverty Wage$6.53$6.67
Minimum Wage$15.50$15.50

What is the easiest state to make a living in?

This statistic shows the best states to make living in the United States in 2019. In 2019, Wyoming was ranked as the best state to make a living in the United States, with the cost of living index at 90.5 value and the median income of 40,240 U.S. dollars.

Which state has the most millionaires?

American states with highest ratio of millionaire households per capita in 2020
CharacteristicRatio of millionaire households per capita
California8.51%
New Hampshire8.47%
Virginia8.31%
Alaska8.18%
9 more rows
Nov 3, 2023

What are the top 3 richest states in the US?

  1. District of Columbia. D.C. has the highest median household income of any state, $90,842. ...
  2. Maryland. Maryland's median income is the second-highest in the U.S. at $87,063. ...
  3. New Jersey. New Jersey is the nation's third-richest state, with a median household income of $85,245. ...
  4. Massachusetts. ...
  5. Hawaii.

Which state has the best people?

1. Minnesota. The term “Minnesota nice” lives up to its name. Minnesota residents are known for being extra polite, even during the state's cold, bitter winters.

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