Asked by: Dr. Angelo Crist | Last update: March 1, 2025 Score: 4.5/5
(66 votes)
Mississippi takes the crown as the most affordable state in 2024, with a cost of living that is 17% lower than the national average. This southern gem boasts the lowest housing costs in the nation, with an average housing cost index of 75.2. Imagine renting a two-bedroom apartment for just $991 a month.
What is the easiest state to live in financially?
Mississippi. Referred to as the Magnolia State, Mississippi has been ranked as the most affordable place to live in the U.S. thanks to not only its low housing costs, but also having some of the lowest gas costs.
What state has the most affordable cost of living?
Arkansas. #1 in Cost of Living. #47 in Best States Overall. ...
Mississippi. #2 in Cost of Living. #48 in Best States Overall. ...
Alabama. #3 in Cost of Living. ...
South Dakota. #4 in Cost of Living. ...
Iowa. #5 in Cost of Living. ...
North Dakota. #6 in Cost of Living. ...
Oklahoma. #7 in Cost of Living. ...
West Virginia. #8 in Cost of Living.
What is the most expensive state to live in 2024?
No surprise, California ranked as the most expensive state to live in in 2024, followed by Massachusetts, Hawaii, Montana (which saw a major influx of residents during the pandemic), and Colorado. New York tied with Florida for the 9th most expensive state.
What is the #1 best state to live in?
WalletHub released its 2024 ranking of the best US states to live in. The study considered metrics like affordability, economy, and safety. Massachusetts was ranked the No. 1 state to live in.
Poorest city in America. Where you can buy a starter home for $50,000.
44 related questions found
What state has the worst cost of living?
Right behind Hawaii are the states you might expect to have big living costs as they're home to some of the most expensive cities in the nation. No. 2 is California, which “has notoriously high prices for housing, gas, utilities, and food,” according to the data.
Where is the nicest but cheapest place to live?
10 Most Affordable Cities To Live In The U.S.
Evansville, Indiana.
Fort Wayne, Indiana.
Dayton, Ohio.
Wichita Falls, Texas.
Toledo, Ohio.
Akron, Ohio.
Springfield, Illinois.
Rockford, Illinois.
What state will be the best in the future?
Utah. Utah will be the nation's No. 1 state to live in 2032. ...
1. West Virginia. West Virginia's cost of living is 16.2% below average—making it the lowest in the country. And cheap housing is a big factor in that number.
Which state is worth moving to?
Topping the list was Massachusetts. "Massachusetts is the best state to live in, due in large part to its strong health care system and high-quality education," said WalletHub Analyst Cassandra Happe in a statement.
What is the least desirable state to live in?
It assessed each state's affordability, economy, education and health, quality of life, and safety. Louisiana was ranked the worst state to live in, followed by New Mexico.
What is the easiest state to get rich in?
Key findings included that of all 50 states, Texas was the easiest state to build wealth in, with 0% personal income tax and an overall score of 8.23 out of 10. Alternatively, Montana, West Virginia and Idaho were among the hardest states to accumulate wealth.
What state has the lowest rent?
West Virginia ranked as the state with the lowest average rent, according to doxo.
What state is like California but cheaper?
Oregon – While Oregon does have state income tax, it has a lower cost of living compared to California and a thriving tech industry, which can provide job opportunities.
Where is the cheapest and safest place to live in America?
Westminster, Colorado, is the most affordable and safest large city, with a five-year income change of 58% — the second highest in our study. Following closely are Surprise, Arizona; Thornton, Colorado; and Arvada, Colorado, each experiencing over 35% income growth and mortgage costs below 26% of household income.
What is the best state to move to in 2024?
The 10 states at the top of WalletHub's 2024 ranking included:
New Jersey. ...
Utah. ...
New Hampshire. ...
Idaho. ...
Pennsylvania. ...
Wisconsin. ...
New York. ...
Wyoming.
Where in the US will be least affected by climate change?
1 Vermont, with neighboring New Hampshire in a distant second place. The Northeast is home to the only three states with Climate Change Risk Index scores lower than 100 (Vermont, New Hampshire, and Massachusetts).
Which state has the best quality of life?
Overall, the study ranked Massachusetts as the best place to live in the U.S. thanks in part to the state's education and health, (where it ranked first in the country), and their quality of life, (where it ranked sixth). Other states that rounded out the top five were Florida, New Jersey, Utah and New Hampshire.
What state is the safest and cheapest to live in?
Here are some of the cheapest and safest places to live in the US!
Live in Boise, Idaho.
Affordable living in Des Moines, Iowa.
Winston Salem, North Carolina: among the cheapest cities in USA.
Live affordably in Naples, Florida.
Enjoy Lexington, Kentucky.
Where is the cheapest rent in the U.S. right now?
Top 5 Cheapest States to Live In for Renters, by Median Rent
West Virginia – $831.
Arkansas – $868.
South Dakota – $878.
Mississippi – $896.
Kentucky – $902.
Where is the best place to live with low income?
The 25 Best Affordable Places to Live in the U.S. in 2024-2025
Green Bay, Wisconsin.
Montgomery, Alabama.
Hickory, North Carolina.
Davenport, Iowa.
Springfield, Missouri.
Wichita, Kansas.
Huntsville, Alabama.
Fort Wayne, Indiana.
What is the most overpriced state?
Hawaii is the most expensive state to live in, according to new cost of living data from doxo, an online bill payment service. Doxo recently released its 2024 Cost of Bills Index, which compares average household costs by state and by major U.S. cities.
What is the best state to live in financially?
5 Best States To Live In If You Want To Get Rich
Texas. Texas has no state income tax for individuals, although property taxes tend to be higher than average. ...
Kansas. ...
Minnesota. ...
Colorado. ...
Oklahoma.
What state has the lowest cost of living and highest pay?
South Dakota is among the states with the highest minimum wage and low cost of living, with housing and utilities costing an estimated 15% less than the national average in the US. The minimum wage in the state is set to increase 40 cents from January 1, 2024.