Cheapest US States to Live in 2023
The United States is a vast country, and the cost of living can vary significantly from state to state. Some states are known for their high cost of living, while others are more affordable. If you’re considering moving to the United States, it’s essential to understand the cost of living in the different states to make an informed decision about where to live.
In this context, “Cheapest US States to Live in 2023” refers to the states in the United States that offer a lower cost of living compared to other states. The cost of living includes expenses such as housing, food, transportation, healthcare, and taxes, among others. The cost of living in a particular state can have a significant impact on your quality of life and overall financial well-being.
In this article, we will explore the top cheapest states to live in US. We will provide detailed information on the cost of living in each state, including housing prices, average salaries, and other important factors. We will also highlight the unique features and attractions of each state to give you a better understanding of what it’s like to live there. Whether you’re planning to move to the United States for work or personal reasons, this guide will help you make an informed decision about where to live based on your budget and lifestyle.
Top 10 Cheapest US States to Live in 2023
The cost of living can vary significantly across the United States, with some states being more affordable than others. For those looking to save money or make their budget go further, it’s important to know which states offer the best value for their money. In this context, the “Top 10 Cheapest US States to Live in 2023” refers to the states that provide the lowest cost of living. These states have a lower cost of housing, food, transportation, and taxes, among other factors. This list will help individuals and families who are looking to move to the United States make informed decisions about where to live based on their budget and lifestyle.
S. No |
Cheapest US States |
Cost of Living Index Score |
|
1 |
Mississippi |
83.3 |
|
2 |
Kansas |
86.5 |
|
3 |
Alabama |
87.9 |
|
4 |
Oklahoma |
87.9 |
|
5 |
Georgia |
88.8 |
|
6 |
Tennessee |
89.0 |
|
7 |
Missouri |
89.8 |
|
8 |
Iowa |
89.9 |
|
9 |
West Virginia |
90.5 |
|
10 |
Indiana |
90.6 |
TRENDING
1. Mississippi (83.3)
Mississippi takes the top spot as one of the cheapest states to live in 2023, with a cost of living index of 83.3. Housing prices in Mississippi are notably affordable, making it an attractive option for individuals and families on a tight budget. Whether you’re looking to rent or buy a home, Mississippi offers a range of affordable housing options.
Additionally, the state has a relatively low tax burden, including property taxes and income taxes. The cost of groceries and healthcare in Mississippi also tends to be lower compared to the national average. Mississippi’s rich cultural heritage, scenic landscapes, and warm hospitality add to its appeal as a place to call home.
2. Kansas (86.5)
Kansas secures the second position on the list of cheapest states to live in 2023, with a cost of living index of 86.5. The state’s affordable housing market contributes significantly to its affordability. Rent and home prices in Kansas are generally lower than the national average. In addition to affordable housing, Kansas offers relatively low transportation costs, making commuting more budget-friendly.
The state also boasts a lower-than-average cost for healthcare and groceries. With its vast plains, friendly communities, and diverse recreational opportunities, Kansas provides a high quality of life at an affordable cost.
3. Alabama (87.9)
Ranked third on the list, Alabama offers a cost of living index of 87.9, making it an attractive option for those seeking affordable living. Housing costs in Alabama are notably lower than the national average, whether you’re looking to rent an apartment or buy a home. The state also enjoys relatively low property taxes, which further contributes to its affordability.
Groceries and healthcare expenses in Alabama tend to be more affordable compared to many other states. Alabama’s rich history, vibrant music scene, and beautiful Gulf Coast beaches make it an enticing place to live. The state’s affordability, combined with its southern charm and diverse landscapes, make Alabama an appealing choice for individuals and families looking to stretch their dollars further.
4. Oklahoma (87.9)
Oklahoma, located in the heartland of the United States, offers a relatively low cost of living, making it an attractive choice for individuals and families seeking affordability. With a cost of living index of 87.9, Oklahoma provides significant savings compared to the national average. Housing costs are particularly affordable, with a range of options available from apartments to single-family homes at reasonable prices.
In terms of everyday expenses, Oklahoma also offers affordable groceries, transportation, and healthcare services. The state has a diverse economy, with industries such as energy, agriculture, manufacturing, and aerospace playing a significant role. Residents of Oklahoma can enjoy a variety of outdoor recreational activities, including exploring beautiful lakes, hiking trails, and scenic landscapes.
5. Georgia (88.8)
Georgia, situated in the southeastern part of the United States, is known for its blend of affordable living and high quality of life. With a cost of living index of 88.8, Georgia offers lower expenses compared to the national average. The state’s housing costs are relatively affordable, with various options available for renters and homeowners alike.
Grocery prices in Georgia are generally reasonable, and transportation costs are manageable, especially in areas with reliable public transportation. The state boasts a diverse economy, with thriving sectors such as manufacturing, agriculture, film and television production, technology, and logistics.
In terms of lifestyle, Georgia offers a rich cultural heritage, vibrant cities, and charming small towns. Residents can enjoy a warm climate, beautiful beaches, picturesque mountains, and numerous outdoor activities. Georgia also has a renowned culinary scene, with a mix of traditional Southern cuisine and international flavors.
6. Tennessee (89.0)
Tennessee, located in the southeastern region of the United States, is another state that provides a relatively low cost of living. With a cost of living index of 89.0, Tennessee offers affordability in housing, groceries, transportation, and healthcare expenses. The state has a diverse range of housing options, from urban apartments to suburban homes, catering to various lifestyles and budgets.
Tennessee boasts a strong economy, with industries such as manufacturing, healthcare, tourism, and music contributing significantly to its growth. The state is home to vibrant cities like Nashville and Memphis, known for their cultural richness and thriving music scenes.
Residents of Tennessee can enjoy the state’s natural beauty, including stunning landscapes, national parks, and recreational areas. The state has a pleasant climate, with mild winters and warm summers. Tennessee also offers a variety of educational institutions and healthcare facilities, ensuring access to quality services for its residents.
7. Missouri (89.8)
Missouri, located in the Midwestern region of the United States, offers a relatively low cost of living, making it an attractive option for those seeking affordability. Housing costs in Missouri are below the national average, allowing residents to find affordable homes or apartments. The state also boasts lower transportation expenses and reasonably priced groceries. Additionally, Missouri has a relatively low tax burden, with no state-level tax on Social Security benefits.
The state’s major cities, including Kansas City and St. Louis, offer a variety of cultural attractions, entertainment options, and employment opportunities. Residents can explore the beautiful Ozark Mountains, enjoy outdoor activities such as hiking and fishing, and experience a rich history showcased in numerous museums and historical sites. Overall, Missouri’s affordability, diverse amenities, and natural beauty make it an appealing choice for individuals and families seeking a lower cost of living.
8. Iowa (89.9)
Iowa, situated in the heart of the Midwest, is known for its welcoming communities, strong economy, and affordable cost of living. The state offers a lower cost of housing compared to the national average, making homeownership or renting more affordable for residents. In addition to housing, Iowa boasts relatively lower transportation costs and affordable healthcare options.
The state’s economy is diversified, with sectors such as agriculture, manufacturing, healthcare, and education providing numerous employment opportunities. Iowa’s charming small towns, vibrant cities like Des Moines, and picturesque countryside offer a high quality of life. Residents can enjoy a range of recreational activities, including hiking, biking, fishing, and exploring the state’s beautiful parks and natural areas. With its affordable living expenses, robust job market, and friendly communities, Iowa continues to attract individuals and families looking for a cost-effective and fulfilling lifestyle.
9. West Virginia (90.5)
Nestled in the Appalachian region, West Virginia offers a relatively low cost of living, making it an appealing choice for those seeking affordability. Housing costs in the state are below the national average, making homeownership or renting more accessible. In addition to housing, West Virginia provides lower transportation expenses and affordable healthcare options for its residents.
The state’s stunning natural beauty, including the Appalachian Mountains and picturesque rivers, offers a wide range of outdoor activities such as hiking, skiing, and whitewater rafting. West Virginia also boasts a rich cultural heritage, with opportunities to explore historical sites, museums, and local arts and crafts. The state’s close-knit communities foster a strong sense of belonging and offer a slower pace of life. With its affordable cost of living, natural splendor, and tight-knit communities, West Virginia provides a unique and attractive living environment for individuals and families.
10. Indiana (90.6)
Indiana, located in the Midwest region of the United States, offers a relatively low cost of living, making it an affordable option for residents. Housing costs in Indiana are below the national average, providing opportunities for affordable homeownership or renting. The state also boasts lower transportation expenses and reasonably priced groceries. With its diverse economy, including sectors such as manufacturing, agriculture, healthcare, and technology, Indiana offers a range of job opportunities.
The state is home to vibrant cities like Indianapolis, which provide cultural attractions, professional sports teams, and a thriving arts scene. Nature enthusiasts can enjoy exploring Indiana’s scenic landscapes, such as the Indiana Dunes National Park and numerous lakes and rivers. The state’s affordable living expenses, economic opportunities, and the blend of urban and natural attractions make it an enticing choice for individuals and families seeking a lower cost of living.
Which State has the Lowest Cost of Living in the US?
Mississippi, located in the southern region of the United States, is renowned for having the lowest cost of living in the country. With a cost of living index of 83.3, well below the national average, Mississippi offers a highly affordable lifestyle for its residents.
One of the major factors contributing to the state’s low cost of living is its affordable housing market. Mississippi boasts some of the most affordable housing options in the country, whether one is looking to rent an apartment or buy a home. The cost of housing is significantly lower compared to many other states, allowing individuals and families to stretch their budgets further.
In addition to housing, other essential expenses in Mississippi, such as groceries, transportation, and healthcare, are relatively affordable. The state has a lower average grocery cost, making it easier for residents to afford their daily necessities. Transportation costs, including gas prices and car insurance rates, tend to be lower compared to national averages. Healthcare expenses are also relatively affordable, with the presence of several medical facilities and a lower cost of healthcare services.
Mississippi offers a unique blend of natural beauty and cultural heritage. The state is known for its vast stretches of farmland, charming small towns, and picturesque landscapes. Residents can explore the Mississippi River, enjoy outdoor activities such as fishing and boating, or immerse themselves in the rich history and vibrant music scene of cities like Jackson and Biloxi.
Despite its low cost of living, Mississippi provides opportunities for employment and economic growth. Industries such as agriculture, manufacturing, healthcare, and education contribute to the state’s economy and offer job prospects for residents.
While Mississippi’s low cost of living may be attractive, it is essential to consider other factors such as employment opportunities, education, and healthcare infrastructure when deciding to relocate. However, for individuals and families looking to make their budget go further, Mississippi’s affordability, natural beauty, and cultural offerings make it an appealing choice to call home.
What are the Factors That Determine the Cost of Living in Different States?
The cost of living in different states is influenced by several key factors that can vary significantly from one location to another. Understanding these factors is crucial for assessing and comparing the affordability of different states. Here are some of the main factors that determine the cost of living:
1. Housing Costs: One of the most significant contributors to the cost of living is housing expenses. The price of renting or purchasing a home can vary greatly across states, cities, and even neighborhoods. Factors such as supply and demand, property taxes, and local regulations play a role in determining housing costs.
2. Transportation Expenses: The cost of transportation, including gas prices, public transportation fares, and car insurance rates, can vary from state to state. States with extensive public transportation systems or lower gas prices tend to have lower transportation expenses.
3. Food and Groceries: The cost of food and groceries is another essential factor that affects the cost of living. States with a higher concentration of agricultural production or lower distribution costs may have lower food prices. Additionally, local taxes on groceries can impact overall food expenses.
4. Taxes: State and local taxes have a significant impact on the cost of living. States with higher income taxes, sales taxes, or property taxes may have a higher overall cost of living. Conversely, states with lower tax rates can provide residents with more disposable income.
5. Healthcare Costs: Healthcare expenses, including insurance premiums, doctor’s visits, and prescription medication costs, can vary across states. Factors such as the availability of healthcare providers, competition within the healthcare industry, and state regulations influence healthcare costs.
6. Education Costs: If you have children or plan to pursue higher education, education costs can be a significant consideration. Tuition fees for public schools, colleges, and universities can vary considerably between states, impacting the overall cost of living.
7. Income and Job Opportunities: The availability of well-paying jobs and income levels within a state can affect the cost of living. States with higher average incomes may also have higher living expenses. It’s important to consider the balance between job opportunities and the cost of living when assessing a state’s affordability.
8. Quality of Life Factors: The cost of living is also influenced by factors that contribute to the overall quality of life. Access to amenities such as cultural attractions, recreational activities, healthcare facilities, and public services can vary from state to state, impacting the overall cost of living.
Understanding these factors can help individuals and families make informed decisions about where to live based on their budget, lifestyle preferences, and priorities. It’s important to assess the cost of living comprehensively, considering multiple factors, to get a clear picture of the affordability of different states.
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