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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).
The Gem State earned three top-10 rankings for its affordability, economy, and safety. WalletHub ranked Idaho the No. 1 state for income growth and No. 3 for the lowest crime rate.
Alaska. Household median income: $86,370 Household mean income: $110,602 Rent average cost in April 2024: $1,411 Average expenditure cost: $2,676 Total cost of living: $4,087 Read More: The 50 ...
Rounding out the top five least expensive states to live are Oklahoma, Alabama, Kansas and Arkansas, all requiring less than $47,500 to earn a living wage. Mississippi. Oklahoma. Alabama. Arkansas ...
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.
This list of U.S. states and territories by poverty rate covers the 50 U.S. states, the District of Columbia, and the territory of Puerto Rico and their populations' poverty rate. The four other inhabited U.S. territories (American Samoa, Guam, the Northern Mariana Islands, and the U.S. Virgin Islands) are listed separately.
However, the state ranked eighth in affordability, making it one of the most affordable states on this list. WalletHub ranked the state 39th last year for its economy; this year, it dropped to No. 45.
Check Out: The Salary Needed To Afford America’s 50 Biggest Cities. ... All the scores were summed and sorted to rank the states. All data was collected on and is up to date as of April 16, 2024.