Cheapest States To Live In 2019
The cost of living in the United States varies from state to state. In some states, particularly around urban areas, the cost of housing, food, taxes, and other expenses are very high. Other states, however, have a much lower cost of living.
Several organizations and publications have conducted studies to find which states in the U.S. are the cheapest to live. One such study is CNBC’s America’s Top States for Business report. In this report, one of the categories is Cost of Living, which is based on the 2017 Annual Average Cost of Living Index published by the Council for Community and Economic Research.
CNBC published the results of this study in the summer of 2018. The cheapest state to live in was determined to be Mississippi. The average home price in this state is just over $214,000. A monthly utility bill is over $114, while a doctor visit costs less than $90.
The second cheapest state to live in is Arkansas. The average home price in this state is just over $320,000. Energy bills average about $140, while doctors’ visits cost $121.67.
The third cheapest state on this list is Oklahoma. The average home price is over $219,000. Energy bills average $147.64, while a doctor’s visit costs less than $110.
The top 10 cheapest states to live in based on the CNBC study are:
U.S. News and World Report conducted another study. This report looked at the cost of living and housing affordability to determine the cheapest states to live.
Based on this study, Ohio ranked as the cheapest state. It was ranked top in the nation for housing affordability and 11th for cost of living. The second most affordable state was Indiana, which listed as 3rd for housing affordability and 7th for cost of living. The third cheapest state to live in is Iowa, which was ranked 2nd for housing affordability and 12th for cost of living.
Based on this study, the ten cheapest states to live in are: