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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.
A closer look at the national costs of living is needed to better understand costs across states. The average household in the United States spends $61,334 a year on expenses . On average, 34.9% of spending, or roughly $1,784 a month, is dedicated to housing and housing-related costs.
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. cost of living by state comparison. Cost of living in each state data can vary depending on what factors are analyzed (e.g., housing) and who conducts the study. For our cost of living comparison by state, we used the following critical information: Annual mean wage for all occupations ; Average monthly rent
With diverse economic structures, geographical elements and local policies, each state poses a distinctive cost of living scenario. 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.
U.S. News ranks states based on the cost of living. See which states have the lowest cost of living.
Use Salary.com's Cost of Living Calculator to easily compare the cost of living in your current location to the cost of living in a new location. We use the Consumer Price Index (CPI) and salary differentials of over 300+ US cities to give you a comparison of costs and salary.
Housing costs in the U.S. Housing is usually the highest expense in a household’s budget. In 2023, the average house sold for approximately 427,000 U.S. dollars, but house prices in the Northeast...
Compare the cost of living between states in the USA. Indicators include restaurants, groceries, transportation, and more.
The cost of living can help determine where you’d like to live and buy a home. Here’s a list of cost of living figures by state to help you along the way.