In the United States, the cost of living can vary dramatically from state to state, impacting everything from housing to groceries. For those seeking a more affordable lifestyle, there are specific states to target when considering an area that aligns with your lifestyle goals, notes Atlas Property Management Group.
Here, we dive into the states where your dollar stretches the furthest, providing detailed insights into where and how you can live well for less.
Whether you’re planning to relocate or simply curious about economic disparities across the country, these insights offer valuable guidance.
Mississippi
Mississippi boasts the lowest cost of living in the United States. Its housing costs are 33% lower than the national average. Residents enjoy affordable healthcare and groceries, which are below the U.S. average.
Arkansas
Arkansas offers a significantly reduced cost of living, with housing prices that are nearly 30% lower than the national average. The state’s residents benefit from low utility and transportation costs. This makes Arkansas particularly appealing for retirees and budget-conscious families.
Oklahoma
Oklahoma’s cost of living is attractive, especially when it comes to housing and groceries. The average home price is substantially lower than in most other states. Moreover, Oklahoma’s energy costs are among the lowest in the country, thanks to abundant natural resources.
Missouri
Missouri features a cost of living that is 10% lower than the national average. Housing here is affordable, with the median home cost significantly lower than in many other states. This affordability extends to healthcare and groceries, making it a practical choice for many.
Tennessee
Tennessee is known for its low property taxes and absence of state income tax, which significantly lowers overall living costs. The state also boasts affordable housing and utility costs. Its vibrant culture and economy make it an attractive place for both young professionals and retirees.
Michigan
Michigan’s cost of living is lower than the national average, particularly in terms of housing and healthcare. The state has experienced economic growth while maintaining affordable living standards. Michigan’s diverse climate and geography offer additional appeal to residents.
Kansas
In Kansas, residents enjoy a cost of living that is below the national average across all major categories. Housing costs here are remarkably affordable, making homeownership accessible to many. The state’s agricultural abundance keeps food prices competitive.
Georgia
Georgia combines low housing costs with a lower-than-average tax burden. The state offers a relatively affordable lifestyle with its moderate climate, which reduces heating and cooling expenses. Additionally, Georgia’s growing economy offers numerous opportunities without the high costs associated with other states.
Alabama
Alabama provides a cost-effective environment with its low property taxes and inexpensive housing. The state’s residents benefit from lower healthcare costs and affordable utilities. Alabama’s rich cultural heritage and warm climate further enhance its appeal.
Indiana
Indiana is another state where the cost of living is considerably lower than the national average. Housing prices are particularly attractive, and the cost of utilities and transportation is also below average. The state’s stable economy and job market make it a great choice for families and recent graduates.
Ohio
Ohio boasts a low cost of living, with affordable housing and lower healthcare costs. The state’s diverse industrial base helps keep unemployment rates low. Ohio’s rich cultural scene and access to quality education make it a desirable location for residents.
Iowa
Iowa’s cost of living is lower than the national average, with particularly affordable housing and healthcare. The state’s strong agricultural economy helps keep food costs down. Iowa also scores high in terms of quality of life and safety, making it attractive for families.
Nebraska
Nebraska offers a low cost of living, with affordable housing and competitive utility costs. The state’s strong agricultural presence helps stabilize food prices. Nebraska’s community-focused lifestyle and high-quality education systems are key draws for new residents.
Texas
Texas is known for its lack of state income tax, which helps keep overall living costs low. Housing in Texas varies by city but is generally affordable compared to the national average. The state’s robust economy and job market attract residents from more expensive states.
Wyoming
Wyoming not only offers no state income tax but also boasts low property taxes. This combination contributes to a lower overall cost of living. Residents enjoy the benefits of affordable housing and plentiful outdoor activities.
Idaho
Idaho’s growing popularity hasn’t taken away from its low cost of living. Housing remains affordable, and the state has a reasonable tax structure. Idaho’s natural beauty and outdoor recreation opportunities are bonuses for its residents.
Kentucky
Kentucky’s cost of living is attractive, particularly in terms of housing and healthcare. The state also offers low costs for groceries and utilities. Kentucky’s scenic landscapes and historic sites provide a high quality of life for its residents.
New Mexico
In New Mexico, the cost of living is kept low by affordable housing and healthcare. The state’s rich cultural diversity and historical significance add to its charm without a hefty price tag. New Mexico also offers extensive outdoor activities at a low cost.
West Virginia
West Virginia is among the states with the lowest cost of living, driven by extremely affordable housing. The state also provides low costs for healthcare and utilities. West Virginia’s rural charm and scenic mountain landscapes are added attractions.
Louisiana
Louisiana offers a low cost of living with particularly cheap housing and utility costs. The state’s vibrant culture and cuisine are extra perks that come without the high price tag of other cultural hotspots. Louisiana’s diverse economy helps keep employment opportunities open.
South Dakota
South Dakota features no state income tax, contributing to its low overall cost of living. Housing and healthcare costs are also below the national average. The state is known for its friendly communities and great natural landscapes, enhancing its residents’ living experience.
