It’s no secret that some states are cheaper places to live than others. With vast differences existing in the cost of everything from housing to groceries, it really pays to do your research before moving to a new place.
Here’s an overview of how much it costs to live in each state, courtesy of HowMuch.
HowMuch HowMuch calculated how much monthly income a household would need to comfortably rent a house in each state. The most expensive states to rent a house in the U.S. are California ($8,313), Hawaii ($7,806), New York ($7,223), Massachusetts ($7,193), and New Jersey ($6,717) The least expensive states are Oklahoma ($3,317), Arkansas ($3,157), and Alabama ($3,313).
HowMuch Researchers figured out the average cost of utilities per month in each state as well, and there are some stark differences. The most expensive states for utilities are Hawaii ($730.86), Alaska ($527.96), Rhode Island ($521.98), and Connecticut ($496.07). The least expensive states are Idaho ($344), Washington ($369), and Nevada ($377).
HowMuch If you’re looking to retire, there are a few states you should avoid and some that are far more budget-friendly. If you have $1 million to retire with and want to make it last as many years as possible, the best states to live are Mississippi (25 years), Arkansas (25 years), and Tennessee (24 years). The worst states to live in are Hawaii (13 years), California (15 years), and Oregon (16 years).
Were you surprised? Share and let us know in the comments! Thanks to HowMuch for this fascinating data.
HowMuch
HowMuch calculated how much monthly income a household would need to comfortably rent a house in each state. The most expensive states to rent a house in the U.S. are California ($8,313), Hawaii ($7,806), New York ($7,223), Massachusetts ($7,193), and New Jersey ($6,717) The least expensive states are Oklahoma ($3,317), Arkansas ($3,157), and Alabama ($3,313).
Researchers figured out the average cost of utilities per month in each state as well, and there are some stark differences. The most expensive states for utilities are Hawaii ($730.86), Alaska ($527.96), Rhode Island ($521.98), and Connecticut ($496.07). The least expensive states are Idaho ($344), Washington ($369), and Nevada ($377).
If you’re looking to retire, there are a few states you should avoid and some that are far more budget-friendly. If you have $1 million to retire with and want to make it last as many years as possible, the best states to live are Mississippi (25 years), Arkansas (25 years), and Tennessee (24 years). The worst states to live in are Hawaii (13 years), California (15 years), and Oregon (16 years).
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