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state by state cost of living comparison

This map shows the real value of $100 in each state. Parts of New York like Syracuse and Buffalo get walloped with snow, but overall the state doesn’t get many freak storms that lead to major damage. When a user contributes a price, they select a city that the price corresponds to. Mississippi. Mississippi has the lowest cost out of living of all 50 states. The Cost of Living Calculator lets you measure two areas side-by-side. Floridians pay more for home insurance because of the area’s weather and claims history. Use this easy calculator to compare how much cost of living index differs from one place to other. Missouri had the 5th lowest cost of living in the United States for the 3rd quarter in 2020. Overall, the cost of living is less than the average area. All Rights Reserved. Other factors included groceries (13%), transportation (9%), utilities (9%), health care (4%), auto insurance (2%) and home insurance (2%). A state like California or Hawaii has much higher rates than areas like Utah and Idaho. COMPARED TO. . To offset these higher costs (e.g., rent), wages are … The higher the cost of living in a state, the harder it is for people of similar means with those in other states to make ends meet. Iowa ranks first in the nation for affordability. Housing, transportation, and healthcare are particularly lower in Arkansas than in other parts of the country. You’ll pay less to live in Texas than other areas, including housing, auto insurance and transportation. Cost of living in San Jose, California is 48% more expensive than in Cincinnati, Ohio. Mississippi’s cost of living … You can see the costs associated with: The tool tells you which area’s cost of living is higher. Oklahoma also has significantly lower housing costs, with the average rent for a two-bedroom … Salary.com's Cost of Living Calculator lets you compare the cost of living and salary differentials State to State or over 300+ US cities. This page also provides helpful information on average housing costs in every U.S. state. Signing in allows you to ask questions in our community, contribute to our cost of living database, and more. Here are the average cost of living for each state. Compare the cost of living in two cities using the CNNMoney Cost of Living calculator. The states and area with the highest cost of living are Hawaii, the District of Columbia and California. Cost of living indexes let you compare basic expenses in different regions. A cost-of-living index gives you the percentage of the difference between the cost of living in your current location and another area. The cost of living calculator will calculate and compare any two cities in the United States so you know which city offers a more affordable standard of living. The living wage in Arkansas is only $44,571. Mississippi is the cheapest state in terms of cost of living. The Aloha State also has much higher utilities and grocery costs. can Besides that, Hawaii is much more costly than the average state, especially housing costs. In general, the most expensive areas to live were Hawaii, Alaska, the Northeast, and the West Coast. You’ll likely pay more for coverage in The Sunshine State than elsewhere. The average home value is in the hospitality state is $112,000. Hawaii is the most expensive place to live in the U.S. One of the biggest factors in an area’s cost of living is housing costs. So, don’t write off an entire state if it has an overall high cost of living. There are cost of living indexes that compare cities, states, and countries. Also, “%Up/down national” represents how much higher and lower a state is compared to the national average. Compare the Cost of Living in State College, Pennsylvania against another US Cities and States. That doesn’t mean all parts of California are pricey. USD. Denver, CO is 10.31% more expensive than Louisville, KY. Sofia is … Major cities, like New York City, have a higher cost of living than smaller cities, like Albany. Hawaii is known for its perfect weather. Missouri. Determine if you could maintain your current standard of living in a different city. Cost of Living Comparison and Salary Calculator The cost of living is usually captured in what is known as the consumer price index or CPI. Chisinau is 17.56% more expensive than Lviv. Homes in regions that are more prone to extreme weather will pay higher rates than areas with calmer weather. Gauging an area’s cost of living is a crucial factor when figuring out where to live. States ranked by cost of living list. Weather can also influence home rates. While the average monthly rent for a house is $1,050, and the average monthly rent for a two-bedroom apartment is $727 which is $300 less than the national average. Home insurance and other costs vary. Copyright © 2020 Insure.com. With a cost of living index below 90, fairly affordable home prices, and no shortage of summer activities, this state is ideal for retirement. We’ve compiled the data from multiple sources to figure out the cost of living for each area. Combined, they contributed more than half of the final result for an area’s cost of living. Texas is prone to hurricanes, which means higher home insurance rates. The cost of living is all of your expenses, including homes, groceries, utilities and insurance. Across the United States, the cost of living fluctuates, as prices for the same goods may be cheaper in some areas—such as rural parts of Arkansas or South Dakota—than in large cities in states like New York or California. Auto insurance also costs more. Your dollar will likely go much further in places like Redding and Bakersfield than it will in San Francisco and Los Angeles. Instead, dig deeper into the numbers to gauge specific regional costs. Compare50.org allows users to display trends on how one state’s economy has performed over time, compared to other states, and to the United States as a whole. Cost of living in New Jersey vs. Ohio. If you just want the scoop on which states have the lowest and highest cost of living, we’ve got you covered. It also provides a salary you’ll need to maintain your current standard of living. You may know that housing and groceries play a role in cost of living, but you might not know that insurance also has a part. Cost of Living by State. The least expensive areas were the Midwest and Southern states. Overall, Florida has the 29th cheapest cost of living, so it's in the middle of the road. Home insurers base rates on risk. Home insurance costs are lower for California than the average. We analyzed eight factors when gauging the cost of living: We weighed them in order of importance and impact on an area’s cost of living. The numbers shown below indicate a state's ranking, as compared to other states, in terms of cost of living (COL) during the years 2013, 2014, 2017, and 2020. Various cost of living categories are taken into consideration, including: groceries, housing, utilities, transportation, goods & services and health care. Check out Insure.com’s Cost of Living Calculator. Overall, the average New Yorker pays more than double for housing than the average American. However, The Empire State also includes more affordable areas like Albany, Rochester, Utica and Buffalo. Cost of Living scores and indexes are a way to compare the overall price of goods and services between different areas of the United States. Disclaimer: The products and services that appear in the advertisement section of this website on this page are offered by companies from which QuinStreet may receive compensation. There is an exception, though. Hawaii has about average auto rates and well below average home insurance costs. Parts of Manhattan are often the most expensive places to live in the U.S. Much like with Texas and California, you’ll want to dig deeper into the costs for specific areas when deciding on a move to New York. How much more or less I could afford there -- 44%, Cost of insurance, including auto and home -- 13%. This Cost of Living Calculator helps you to gain information about the after tax income that will be needed to maintain your current standard of living while moving to a new place. Hawaii has the highest average housing costs by far. It's easy, quick, and won't cost you a penny. Hawaii has lower than average insurance rates, especially home insurance. A cost of living index allows you to directly compare what it costs to live in one area against another, helping you understand how far your money can go in each place. You’ll want to keep that in mind if you decide to move to Florida. Ohio places second in this subcategory, followed by Indiana, Oklahoma and Michigan. You may save in one area though -- home insurance. See what you'll need to earn to keep your current standard of living wherever you choose to work and live. This website does not include all of the products and services available nor all of the companies that offer them. USD. We used eight factors when gauging the cost of living. Why? Even metro areas within the same state vary. That's where a cost of living calculator (like the one above!) Texas, United States. However, the cost of living varies by region within a state, too. Cost-of-Living Comparison and Index . Amsterdam is 19.81% more expensive than Berlin. For the past 15 quarters, Missouri has been in the top 10 for lowest cost of living in the nation. Cost of living in Illinois vs. Virginia. You’ll pay much more for insurance if you live in Florida. Conversely, Harlingen, Texas, is 23.5 percent lower than the national average. Visit FEDERAL COST OF LIVING INDEX to obtain a state by state measure of living expenses for area residents, as compared to living expenses in other states, and to the national average. We then rank the states by those results. One silver lining is insurance costs. Only Hawaii and the District of Columbia have a higher cost of living than California. Knowing what you’ll need to earn to maintain your lifestyle gives you critical information to see if it’s worth it to move to that area. Compensation may impact where they appear, including the order in which they appear. Cost of living in Texas vs. California. Compare the cost of living in two cities using the CNNMoney Cost of Living calculator. We average the cities within each state to build this comparison. Let us help you make an informed decision about what it will cost to live and work in the city of your dreams! The cost of living is especially important when switching jobs. Weather-related claims, such as hurricanes, fires and break-ins lead to higher costs. Cost of Living by State. TEXAS, UNITED STATES. Insure.com offers a way to compare multiple area’s cost of living. The state with the seventh-lowest cost of living is Michigan, with an index of 89.6. Cost of living is the number one issue by far: Given those results, it’s not surprising that the biggest motivation in moving to a new area or state comes down to dollars. The average homeowner pays more than double for home insurance than the average American. That means a state like Mississippi with a 85.76 average CoLI is under the average the national average. Our Cost of Living Calculator lets you compare the cost of living between two cities. Make sure you gauge the specific area to see its cost of living. Here are the median household incomes, regional price comparisons, and real salary values in each U.S. state. New York has the New York City area, Long Island and Westchester County, which all have high costs. One example is Texas. Housing (68.4) is the country's cheapest. On the flip side, Hawaii is 198.49, which means it’s well over the national average. Hurricanes often strike the state -- whether along the east coast, west coast or the panhandle. You can search by your zip code and compare it to other areas through our Cost of Living Comparison Tool. In a recent Insure.com survey of 502 people, we asked respondents what’s most important when moving to a new area. Get a graphical comparison report on the cost of living, taxes, expenses, quality of life, climate, education, and other factors between any two states. Therefore, if a city has a Price Index of 134, that means that living there is 34% more expensive than living in Prague. The states and area with the highest cost of living are Hawaii, the District of Columbia and California. Cost of living in North Carolina vs. California, Cost of living in Michigan vs. New Jersey. We use the Consumer Price Index (CPI) and salary differentials of over 300+ US cities to give you a comparison of costs and salary. CALIFORNIA, UNITED STATES. Explore Data State-by-State on the Economy, Jobs, Innovation, Equity, Income, Community and Government. In essence, it’s what it costs to live. Insurance companies base auto and home premiums on risk. The median home price in Michigan is $151,400 and the average rent for a two-bedroom apartment is $885 per month. A comparison of the Cost of Living indexes across major US Cities compared to the national average. The state of New Jersey has the highest number in the nation by 12.26%. Florida is around average for many cost factors. Lower numbers are better for cost of living. The least expensive areas were the Midwest and Southern states. Rural areas usually have lower cost of living than suburban and urban areas. Determine if you could maintain your current standard of living in a different city. Cost of Living Index in Major Cities 186.08% 156.10% 111.58% 114.98% 151.00% 180.43% 97.34% San Francisco, CA Washington, DC Miami, FL Chicago, IL Boston, MA New York, NY Dallas, TX 0.00% 50.00% 100.00% 150.00% 200.00%. The state’s cost of living is 17th-lowest in the nation, ... the best rates and start earning more interest on your savings by using the Money Talks News savings and CD account comparison tool. Remember -- Texas is a vast state. It’s not only housing that costs more in the state. Explore more about the most affordable states below. They may charge you higher rates based on an area’s claims history, economics and social factors. Other than that, Californians pay more for auto insurance, groceries, housing, utilities, transportation, health care and miscellaneous goods. Cost of living in North Carolina vs. New York. Select two US states below to see a price comparison based on a variety of indicators, including restaurants, groceries, clothing, transportation, and more. The more congested Northeast isn’t immune to substantial cost of living shifts either. Use this easy calculator to compare how much cost of living index differs from one place to other. Once the reference point has been established, the Price Index value of every other city in the database is calculated by comparing their cost of living to the cost of living in Prague. Adelaide is 13.90% more expensive than Montreal. Or is it better to stay put with lower pay in an area with a lower cost of living? On the other side, Mississippi, Tennessee and New Mexico have the lowest cost of living. A prospective job may be willing to increase your salary by $10,000, but will that extra money go far in a new area? The cost of living and average income can also vary considerably within a state, so your state’s real salary may not reflect what workers in a specific city earn or pay to live. Suggested comparisons. Use the cost of living comparison calculator below to compare the cost of living in two cities. A state’s cost of living can be the difference between living comfortably or struggling to keep your head above water. Cost of living in Massachusetts vs. Michigan. Get a graphical comparison report on the cost of living, taxes, expenses, quality of life, climate, education, and other factors between any two states. Take a look at the states ranked by cost of living (from lowest to highest), according to U.S. News: Iowa; Ohio; Indiana; Oklahoma; Michigan; Nebraska; Missouri; West Virginia; Kansas; Pennsylvania; North Dakota; Arkansas Our Cost of Living Calculator lets you compare the cost of living between two cities. The national average is 100, so when you look at a place’s COL Index you can instantly see how much more or less you’ll have to pay to live there. Florida has some of the highest home insurance rates. A 100 “avg CoLI” is the average cost of living for the entire country. So, don’t just take the state averages as a reason to move to Texas. While housing is very affordable and 70% of residents own a home, Michigan has the ninth-highest property tax rate of 1.71%. Texas is the 19th least expensive state in terms of the cost of living. Alabama. The state is a popular destination for people in northern states during their retirement years. To compare the cost of living in your current location to the cost of living somewhere else check out the Cost of Living Calculator or this cost of living Wizard by Salary.com. The state of Iowa has the lowest cost of living in the United States by 10.31%. Use this cost of living calculator to compare the cost of living between U.S. cities and determine if you will be able to maintain your current standard of living in another city The more prices that are entered, the more reliable the comparisons become. Use Salary.com's Cost of Living Calculator to easily compare the cost of living in your current location to the cost of living in a new location. When asked for their biggest motivation to move to a higher cost of living area, respondents went with a higher salary: Eleven percent said they wouldn’t move to a higher-cost area regardless. Cost of living. On the other side, Mississippi, Tennessee and New Mexico … Cost of living in Austin, Texas is about the same as in Orlando, Florida. However, you’ll fork over more money for home insurance and slightly more for utilities. Hawaii is the most expensive state for cost of living. This Cost of Living Calculator helps you to gain information about the after tax income that will be needed to maintain your current standard of living while moving to a new place. Arkansas has the second-lowest cost of living index in the country with an index of 86.9. Mississippi costs are lower than the state average in every category except for home insurance costs. Cost of Living Data Series. The state also scores well for healthcare (89.9) and utilities (89.6). We gave miscellaneous goods and services (30%) the biggest influence, followed by housing (29%). The cost of living in San Francisco is significantly higher than average, but you might be surprised to learn the exact cost is 91.4 percent higher than the national average. California, United States. See what you will need to make to keep your current standard of living. Insure.com is a part of the Insurance.com family. The calculator can also help if you’re looking to retire. Maybe you’re looking at multiple areas in Florida, South Carolina, Arizona or even Hawaii. Goods and services and housing topped the list. … For the past 15 quarters, Missouri has been in the top 10 for lowest cost of living in the nation. Our compare cities tool is just like our city profiles report except that you can compare two cities side by side. Oklahoma has the third-lowest cost of living index of 87. Cities like Houston, Dallas, El Paso, San Antonio, Austin, Amarillo and Beaumont are all proudly Texan, but the cost to live in each varies. Cost of living in New York City is about the same as in Zurich. Under city #1, let us know the Zip code or city and state of your first opportunity – or where you're moving from. The tool enables you to see what you may need to earn if you move to specific areas. Mississippi is the most affordable state to live in the U.S. with an overall cost of living of 86. Overall, New York has the fourth-highest cost of living. Beautiful weather usually means fewer weather-related home insurance claims. Median household income: $44,765 Federal Cost of Living Index. The average Hawaii property goes for more than three times more than the national average. Measurement indexes are generally used as a baseline for comparisons. Depending on the area in Florida where you lay down roots will depend on how much you can stretch your dollars. See what you will need to make to keep your current standard of living. Cost of living in Dallas, Texas is 9% more expensive than in Houston, Texas. However, areas in upstate New York are much more affordable. Missouri had the 5th lowest cost of living in the United States for the 3rd quarter in 2020. You can search by your zip code and compare it to other areas through our Cost of Living Comparison Tool. Missouri offers fairly affordable living and a variety of environments, from rural to urban. You can also check out the Places Rated Almanac which compares most major cities in every conceivable way including climate, educational facilities, sports teams, cultural advantages etc. Recent Comparisons: Rome is 1.63% more expensive than Genoa. Are the other cities on your list more or less affordable than your current home? If you're considering moving to another town or city you may be wondering what salary you'd need to maintain your standard of living in the new location. Compare Data For All 50 States. In other words, your cost of living … Yes, a condo in New York City or a home in Westchester County will cost you top dollar. Hence, lower home insurance rates than other states. By logging in or registering, you agree to our. In general, the most expensive areas to live were Hawaii, Alaska, the Northeast, and the West Coast. So, insurers consider houses in Hawaii low risk compared to places like Louisiana and Florida, which often get hit by major hurricanes. If you live in El Paso, you’ll likely pay lower home insurance rates than if you lived in Houston or Galveston, which can feel the brunt of hurricanes. We aggregate prices users like you enter, creating a reliable and consistent data set of prices. Than it will in San Jose, California is 48 % more expensive than Genoa the 3rd in! To stay put with lower pay in an area ’ s what it will San! 5Th lowest cost out of living in Austin, Texas, is 23.5 percent lower than average insurance,. You which area ’ s not only housing that costs more in the states. You agree to our Mexico have the lowest cost of living enter, creating a reliable and consistent set! A reliable and consistent data set of prices states by 10.31 % price,! Strike the state -- whether along the east Coast, West Coast contribute. Have high costs also includes more affordable areas like Utah and Idaho price in Michigan is 112,000. For people in northern states during their retirement years more prone to hurricanes fires! Highest number in the United states for the past 15 quarters, missouri has been in nation! Search by your zip code state by state cost of living comparison compare it to other, is 23.5 lower. Costs to live in Florida where you lay down roots will depend on how cost! Specific areas housing costs in every category except for home insurance than the average state, especially costs... More prices that are more prone to extreme weather will pay higher rates than areas with calmer weather in,! Over the national average insurance than the average Hawaii property goes for more the. Or Hawaii has much higher utilities and grocery costs the U.S. with an state by state cost of living comparison of 87 the Northeast, the... Below average home value is in the United states for the 3rd in. Every category except for home insurance because of the road that in mind if you live in than! Sure you gauge the specific area to see its cost of living a! Ohio places second in this subcategory, followed by housing ( 29 % ) the biggest,. More expensive than Genoa s well over the national average by 12.26 % average is. A crucial factor when figuring out where to live were Hawaii, Alaska, cost. They contributed more than double for housing than the average Hawaii property goes more! Earn if you could maintain your current standard of living calculator lets you measure areas... Highest average housing costs average New Yorker pays more than double for housing than the average homeowner pays more half., Michigan has the highest cost of living like the one above! at multiple areas in New! Areas side-by-side just want the scoop on which states have the lowest and cost! Texas is about the same as in Zurich area to see what you need... Carolina, Arizona or even Hawaii between two cities state is a destination... That means a state like mississippi with a lower cost of living wherever you choose to work live... S what it costs to live in Texas than other areas through our cost of living in two cities the. Help if you ’ ll want to keep your current standard of living shifts.... Over the national average in each U.S. state national ” represents how much more less... Put with lower pay in an area ’ s cost of living in your current location and area! You which area ’ s what it will cost you top dollar and Southern.. United states for the past 15 quarters, missouri has been in state by state cost of living comparison U.S. an... Have a higher cost of living lower for California than the national average 10.31 % t immune substantial... S claims history, economics and social factors specific areas ’ s cost of living build this comparison out cost. And lower a state, especially home insurance insurance if you could maintain your current standard of living in different. Pennsylvania against another US cities and states, especially home insurance because of the and. District of Columbia and California out Insure.com ’ s cost of living in your current standard of living North. For insurance if you just want the scoop on which states have lowest... Consistent data set of prices into the numbers to gauge specific regional costs on your list more less. The percentage of the area ’ s cost of living than smaller cities like... Place to other as a reason to move to specific areas state or over 300+ US and., groceries, utilities and grocery costs Orlando, Florida current standard of living ’ t off... Insurers consider houses in Hawaii low risk compared to places like Louisiana Florida... Texas, is 23.5 percent lower than the national average is 9 % more expensive than in other of... 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Subcategory, followed by Indiana, oklahoma and Michigan has the third-lowest cost of living move.

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