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What are the cheapest states to live in? If this question has crossed your mind, you aren’t alone. Given the country’s increasing home prices, high interest rates and rising inflation, it’s no surprise that many Americans are looking to leave expensive, overpriced cities in search of more affordable places to live. In fact, during the pandemic, thousands upon thousands of Americans left expensive states to move to areas with a lower cost of living – namely, the southern and western portions of the country. Of course, by “cheaper,” we mean a state with a below-average cost of living, including lower than average transportation, grocery, healthcare and utility costs. We’re also referring to places with below-average home prices. So, where in America do your dollars go the furthest? The cheapest states to live in all feature exceptionally affordable homes and an overall low cost-of-living index score. They’re also all located in the South and Midwest regions of the U.S. According to the latest research by the Council for Community & Economic Research (as recorded by the Missouri Economic Research and Information Center), the most affordable place to live is Mississippi, which currently has the lowest cost of living of any U.S. state. Below, we’ve included the top 10 cheapest states to live in, as well as Census data and real estate prices to back it up.
7 things to consider when looking for an affordable state to live inThe cost of living isn’t the only thing you should consider when moving to a new state. From affordability to quality of life, here are seven things you should consider before making a move.
Ready to move to one of these affordable states?To explore more cities within these states, check out our City Profile Report feature. Our reports include city demographics, real estate information, quality-of-life factors and more. Simply enter the zip code or the state and city of your potential move to get a free report at the click of a button. For those ready to move, our extensive network of reputable and reliable movers makes it easy to book the best moving company for the job. All relocation companies in our network are licensed and insured, so you can rest assured that your move will be in good hands. Best of luck and happy moving! What state has the lowest cost of living in the US?Mississippi
Coming in as the cheapest state to live in in the United States is Mississippi with a cost of living index score of 83.3. It also has the lowest average housing costs in the nation at 33.7% below the national average.
Which US city has the lowest cost of living?Cost of Living Index data is based on average prices of goods and services collected for the first three quarters of 2021, with index values based on the new weights for 2022.. Amarillo, Texas.. Anniston, Alabama. ... . Knoxville, Tennessee. ... . Joplin, Missouri. ... . Augusta-Aiken, Georgia/South Carolina. ... . Kokomo, Indiana. ... . Jackson, Tennessee. ... . Where is the nicest cheapest place to live in the US?Coming in at the top of the C2ER list was Cedar Park, Texas, which was named the most affordable place to live in America. Set outside Austin, Cedar Park made it to the top of the list, due to its low cost of living index (7.2% below the national average) and high income levels (17.8% above the national median).
Where is the cheapest but safest place to live in the United States?Augusta, a small city near Georgia's border with South Carolina, is one of the cheapest and safest places to live in the USA. It has a low crime rate and a low cost of living, making it perfect for those looking to live comfortably and save money.
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