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Mississippi has the lowest cost of living in the U.S., with a cost of living index of 83.3. Most notably, Mississippi's housing index is 66., the lowest in the country. The median price for a single-family home in Mississippi is $140,818, and the average rent for a two-bedroom apartment is $991.
1 ημέρα πριν · Explore the 2023 state-by-state cost of living analysis. Discover how expenses vary across the United States and find insights to manage your finances better.
Which state is the cheapest to live in? US News ranks the states with the best economic affordability, based on the cost of living and housing affordability.
U.S. News ranks states based on the cost of living. See which states have the lowest cost of living.
States with the highest cost of living are mostly found on the coasts, with Hawaii (184), Massachusetts (149.7), California (137.6), and New York (134.5) leading the way. This pattern might be linked to several factors, including higher property and living costs, lucrative job markets, economic opportunities, and denser populations.
Indiana is the tenth-cheapest state to live in the United States. Average costs are 10% lower than the national average, and costs in all categories are below the national average. Housing in Indiana is the eighth cheapest in the United States. Single-family homes cost an average of $210,166, while rents run $1,016 a month for a two-bedroom unit.
Mississippi has the lowest cost of living, with an index of 85, implying that living costs are 15% below the national average. Following closely is Oklahoma, with a Cost of Living Index of 85.8, indicating that cost of living here is approximately 14.2% less than the national average.
