One of the many considerations on where to live is cost. There is a big difference in living costs between the most expensive state and the cheapest state.
Mississippi is overall the most affordable state to live in the U.S., with a cost of living index of just 83.3, 17% cheaper than the average state. Housing is also very affordable, with a typical home value of just $158,000. Mississippi offers a warm climate and beaches on the Gulf Coast.
With a population of just under 3 million, Kansas offers affordable living, coming in 13.5% cheaper than the national average. A relatively high median household income also boosts the average family’s standard of living.
Sitting just to the east of Mississippi, Alabama comes in third in the overall cost of living, 12% under the national average. The Yellowhammer State ranks 24th in population, and its largest metropolitan area is Greater Birmingham, with over 1.1 million people.
Oklahoma comes in as the 4th cheapest state to live in, just behind Alabama. With affordable housing and a diverse economic landscape, The Sooner State offers many opportunities.