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The difference in housing costs from state to state is especially important. The Bureau of Economic Analysis has calculated that the regional price parity of U.S. states ranges from 84.4 in Mississippi (the cheapest state in which to live) to Hawaii at 119.3 (the most expensive state).
U.S. states and D.C. by median home price, February 2024 (in February 2024 dollars) [1] State rank State or territory Median home price in US$ 1 Hawaii: $839,013 2 California: $765,197 — District of Columbia: $610,548 3 Massachusetts: $596,410 4 Washington: $575,894 5 Colorado: $539,151 6 Utah: $509,433 7 New Jersey: $503,432 8 Oregon: $487,244 9
Every year, the Council for Community & Economic Research (C2ER) publishes a report that details the cost of living by state. The ranking is based on a price index that is calculated using the ...
GOBankingRates found that the average monthly cost of living in the United States in the first quarter of 2024 was $2,005 — $1,860 for retired people, $2,730 for married couples with kids and ...
1. Oklahoma. Groceries: $321.04 Healthcare: $315.30 Utilities: $284.21 Transportation: $676.06 Average mortgage: $1,239.21 Miscellaneous: $61.86 Overall cost-of-living index: 86.2 Methodology: For ...
This is a list of U.S. states, territories, and Washington, D.C. by income. Data is given according to the 2023 American Community Survey (ACS) 1-Year Estimates, except for the American Samoa , Guam , the Northern Mariana Islands and the U.S. Virgin Islands , for which the data comes from 2010, as ACS does not operate in these areas.
The cost of living is the cost of maintaining a certain standard of living for an individual or a household. Changes in the cost of living over time can be measured in a cost-of-living index . Cost of living calculations are also used to compare the cost of maintaining a certain standard of living in different geographic areas.
Alabama. Living Wage: $63,074 Alabama is among the least expensive places in America to live but earning a median wage would still leave inhabitants of the YellowHammer State $3,465 short of a ...