Connect with us

Hi, what are you looking for?

Your Money Magic


What Is Your Ideal US State To Live In The US Based On Your Salary

Living in various parts of the United States has different perks. Those who love the snowy winter wonderland would appreciate the weather in the northern states, while beach buddies would love the south’s warmth. Aside from the different weather, people would also enjoy different cuisines from various states. Those in the Central US usually enjoy deep-dish pizza, while those in the northeastern regions love their pizza thin and crispy.

But apart from these differences, Americans also based their decisions when relocating to a different part of the country on the cost of living by state. Some states are more expensive compared to others. Here are the costlier areas in the US in 2021, based on the state’s standard of living considering the basic household living expenses like housing, food, healthcare, and taxes.

States With The Highest Cost Of Living

Among all the states in the US, Hawaii placed on the top of the ranks. The state has a 196.3 cost of living index, which means living in the Aloha State costs 96.3% higher than the country’s average. The state’s housing index is also at 336.3, with a median home value of $660,000. To live comfortably in Hawaii, residents must earn $61,000 on average.

The second most expensive place to live in the US is the District of Columbia. The state has a 161.1 cost of living index. Residents can rent a two-bedroom apartment for an average of $2,776 each month. Rounding up the top five most expensive states are California, with a 138.5 cost of living index, Oregon with a 134.6 cost of living index, and New York with a 133.7 cost of living index.

Hawaii has been recognized as the most expensive state to live in the US based on the cost of living index.

States With The Lowest Average Cost Of Living

Among all the states in the US, Mississippi is considered the most affordable place to live in the country. It only has an 84.8 cost of living index. The Magnolia State’s housing index is also the lowest in the nation, with Mississippi’s average home price recorded at $128,000. Locals can live comfortably in the city with an average wage of $46,000.

Advertisement. Scroll to continue reading.

Another affordable state of living in the US is Oklahoma. It has a cost of living index marked at 86.8. Residents can also rent a two-bedroom apartment for only $879 per month, which means people can live in the state without worrying about their expenses if they earn at least $47,000 monthly. Americans can also choose to live in Arkansas, Kansas, and Missouri if they want to save up on costs compared to other states in the country.

These are two different sets of US states at the different end of the cost of living spectrum. Aside from the price of real estate in the state, the residents must also consider the average expenses for groceries, utilities, and transportation if they want to live in a particular place in the US. It will help them find the best spot for relocation.

Written By

Riley is a finance, lifestyle, and entertainment writer living in San Diego. He received his bachelor's degree in Journalism and Multimedia from the University of Oregon. His work has been featured in many finance and lifestyle publications throughout the US. When he is not writing, Riley enjoys reading and hanging out at the beach with his dog.


You May Also Like


Braces can put a dent in your pocket. Here’s how to make your dental budget more manageable Year after year, millions of people in...

Credit Cards

The Legacy Visa Credit Card is a credit card provided by the First National Bank. Plenty of people aiming to get a credit card...

Credit Cards

Sometimes you’re in a pinch, and you need to make some quick cash. Luckily, you don’t have to sell your kidney on the black...

Health Insurance

Until today, there are still many individuals who don’t know the numerous benefits of Obamacare. The increasing number of negative feedback has overshadowed the...

Auto Insurance

Insurance Benefits and Perks for Veterans Health Insurance The U.S. Department of Veterans Affairs, or VA, provides enrolled veterans with medical coverage to treat...

Credit Cards

Members of the Teamsters Union are eligible to apply for the Teamster Credit Card, which offers various benefits, grants, and rebates. With this card,...

Save Money

Solar Panels on Your Home Can Help Save You Money All Year Long In past years, updating your home with solar panels was considered...

Auto Insurance

Easy Ways for Seniors to Save Money on Car Insurance Choosing the right car insurance policy can be challenging. There are many options, and...