Being financially comfortable and living in a place you admire, and can afford, shows that you’re living the American dream lifestyle.
America’s economy is turbocharged. People migrate so easily from one state to the other, in a bid to find better job opportunities, a lower tax haven, and places where their families can access a better quality of life.
States in the U.S. have varied cost of living. In urban areas, for example, exorbitant expenses on housing, food, and taxes await you. Companies can easily attract workers from a state that has a low cost of living. Cost of Living ranks high among the 7 categories considered for our competitive rankings.
The 2018 Annual Average Cost of Living Index by the Council for Community and Economic Research was used to compute and analyze the average prices for basic items in all the states, including each state’s most expensive area. Here are the cheapest 8 states to live in America in 2019.
People say that Mississippi should be called the Magnolia State or the Hospitality State. It is the home of affordable housing in the country, and Southern hospitality awaits you in the state. Just throw some steaks on the grill, and you will see that they cost about 50% less in Jackson than their actual cost in New York. In New Hampshire, Manchester, a bottle of wine would cost you about $14, whereas it is less than $10 in Mississippi.
2019 Cost of Living Score: 50/50
Most Expensive Area: Jackson
Average Home Price: $272,509
Half Gallon of Milk: $2.90
Ribeye Steak: $9.73
Monthly Energy Bill: $127.10
Doctor Visit: $91.27