Least Expensive States to Live In: The cost of living is an important consideration when choosing where to live, and living in a state with a low cost of living can offer many advantages. Not only can residents save money on housing, groceries, healthcare, and other expenses, but they may also be able to enjoy a higher quality of life overall. Cheap states often offer a more relaxed pace of life, access to outdoor recreation, and a strong sense of community. Additionally, low taxes in these states can provide further financial benefits to residents. In this article, we will explore some of the cheapest states to live in the US and the advantages of living in each of them.
1. Mississippi: Number of our least expensive states, with a cost of living that is 15% below the national average, Mississippi is the cheapest state to live in the US. Housing, healthcare, and groceries are particularly affordable in this southern state, and residents can enjoy a mild climate and easy access to outdoor recreation.
2. Arkansas: Arkansas is another southern state with a cost of living that is 14% below the national average. The state has a low unemployment rate and affordable housing, which makes it an attractive option for those seeking a low-cost lifestyle.
3. Oklahoma: Oklahoma’s cost of living is 13% below the national average, making it a budget-friendly option for residents. The state is known for its friendly people, diverse geography, rich history and one of the least expensive.
4. Missouri: Missouri’s cost of living is 12% below the national average, and the state offers a low tax burden and affordable housing options. The state is also home to several thriving urban areas and beautiful natural attractions.
5. Tennessee: Tennessee has a cost of living that is 11% below the national average, and the state’s major cities offer a range of affordable housing options and low taxes. The state is also known for its music scene, southern hospitality, and stunning natural beauty.
6. Kansas: Kansas is another state with a cost of living that is 11% below the national average. The state has a diverse economy and a low unemployment rate, and residents can enjoy a range of outdoor activities in the state’s many parks and natural areas.
7. Indiana: Indiana’s cost of living is 10% below the national average, and the state is known for its strong manufacturing industry and vibrant arts and culture scene. Housing and healthcare are particularly affordable in this state.
8. Alabama: Alabama has a cost of living that is 10% below the national average, and the state’s warm climate, friendly people, and rich history make it an attractive option for those seeking an affordable lifestyle.
9. Kentucky: Kentucky’s cost of living is 9% below the national average, and the state is home to some of the most beautiful natural areas in the US, including Mammoth Cave National Park. The state also has a thriving bourbon industry and a low tax burden.
10. Iowa: Iowa’s cost of living is 8% below the national average, and the state is known for its strong agricultural industry and friendly communities. The state’s major cities offer a range of affordable housing options and a low cost of living.
In conclusion, the cost of living can have a significant impact on your financial well-being and quality of life. While there are many factors to consider when choosing a place to live, living in a state with a low cost of living can provide many benefits. From affordable housing to a lower tax burden, there are many advantages to living in a cheap state. However, it is important to weigh these benefits against any potential downsides, such as limited job opportunities or lower quality education systems. By doing your research and carefully considering your priorities, you can make an informed decision about where to call home. We hope you enjoyed our list of the Least Expensive Sates to Live In!