10 most expensive states for physicians to live in (2024)

FAQs

What are the 10 most expensive states to live in? ›

According to several studies on cost of living, Hawaii is the most expensive U.S. state to live in. Prices are typically double in Hawaii compared to those on the mainland, and the continued rise in inflation is making costs ranging from housing to health care much more expensive.

Conversely, Hawaii tops the list of the most expensive states with an average house price of $636,400. As the only state not geographically based in North America, it's unsurprising that the cost of moving is significantly higher, from flights to shipping costs.

1. Hawaii. Hawaii is known for its beautiful beaches, warm climate, and breathtaking scenery. However, it is also the most expensive state to buy a house, with a Zillow Home Value Index of $834,582.

Which City Is More Affordable: Los Angeles or New York City? Both NYC and LA are among the most expensive cities in both the U.S. and the world. However, the average cost of living in LA is also 24-27% lower than that of NYC.

Is it expensive to live in Florida? Though the state has long had a reputation for being an inexpensive place to live, housing costs are high. Rents and sale prices are both well above national averages. However, the overall cost of living in the state is about on par with the national average.

Hawaii and California are the LEAST affordable places to live in the U.S as incomes fail to keep up with soaring property prices.

What is the most unaffordable city in the United States? ›

To no major surprise, Los Angeles was found to be the least affordable. Two other California cities – Bakersfield and Modesto – found themselves among the top 10 least affordable cities in the U.S. Three Texas cities made the list as well.

Regarding affordability, the report indicates that Connecticut, Massachusetts, and New Jersey are the most affordable states with Arizona, Nevada, and Florida being the least affordable.

While both states have a high cost of living, California is generally cheaper than Hawaii, particularly in terms of housing costs.

International Space Station: $150 Billion

The most expensive thing in the world is related to the Universe and it is the International Space Station. The amount which has gone towards its existence in terms of building and designing is $150 billion.

That state is Missouri. The results from Sporcle's “US States Quiz” make it clear that Missouri is the most forgotten state. The quiz has been attempted by players more than 19 million times, and Missouri is the state the lowest percent of people guess correctly.

The average price of the most expensive neighborhoods in every U.S. state is $5,249,542, but America's most expensive neighborhood—Manalapan, Fla.,—far surpasses that at a whopping average house price of $39,761,000.

Hawaii, Massachusetts, and California are the three most expensive states to live in, with cost of living indices of 184, 149.7, and 137.6, respectively.

1. Manhattan, New York. No place beats the center of the Big Apple when it comes to being the most expensive housing market in the U.S. With space at a premium and location paramount, the average price of a home in Manhattan is $2.4 million, or 5.4 times higher than the national average.

Which city has the most unaffordable housing? ›

All the cities on this graphic are classified as severely unaffordable⁠—and, for the 12th year in a row, Hong Kong takes the top spot as the world's most unaffordable housing market, with a score of 23.2.

At the metropolitan level, those in Texas and New York headline the list of locations with the highest property taxes. Texas places four major metros in the top 15, while three New York metros are represented—including Rochester, which has the nation's highest property taxes at a 2.4% effective rate.

The bottom line is Florida is a far less expensive state to live in than California because it has less expensive homes, lower sales tax on things you buy, and lower income taxes on money you earn.

The cost of living in Orlando, FL is -41.2% lower than in New York, NY. You would have to earn a salary of $35,309 to maintain your current standard of living. Employers in Orlando, FL typically pay -19.2% less than employers in New York, NY.

The other reasons that people leave the state after moving here are varied: “A nearly 14,000-member Facebook group for people moving out of Florida has cited severe weather, low wages, crowded beaches, changing politics, and steep housing prices as reasons people left.”

Florida is one of the most expensive states for housing, and Miami is the least affordable city in the country, according to a report. High demand, short supply, increased migration trends since the pandemic and exploding mortgage rates, make for a pricey combination.

1. Hawaii. Hawaii is truly a paradise, but it is also the most expensive state in America to live in. The cost of living in Hawaii overall is 86% higher than the national average, and the cost of housing in Hawaii is a jaw-dropping 207% above the national average.

Is it cheaper to live in Florida or Connecticut? ›

Considering all the amenities that Florida has to offer, you might be surprised at just how affordable it is. Although the cost of living varies depending on where you live in the state, Florida is much more affordable than many other states. In fact, the cost of living in Florida is about 12% cheaper than Connecticut.

In its report, Niche also ranked the cheapest places to live in the U.S. At the top of the list this year is Brownsville, Texas. Brownsville has been steadily rising in Niche's Lowest Cost of Living ranking over the past few years, placing number six in 2021, number three in 2022 and finally, number one in 2023.

The least affordable was Miami, where the median-priced home costs $598,000 and would require a monthly payment of $3,183 to cover mortgage and taxes — more than 85 percent of the local median household income of $44,581 (or $3,715 a month). Los Angeles and New York followed — no surprise given their steep home prices.

This map presents the most and least expensive cities in the world for international employees. The top 10 most expensive cities are, in order from rank 1 to rank 10: Hong Kong, Singapore, Zurich, Geneva, Basel, New York City, Bern, Tel Aviv, Copenhagen and Nassau.

The most liberal state in the country is Massachusetts, where the equally progressive city of Boston is located. Next is Hawaii, followed by Rhode Island, California, New York, Vermont, Maryland, New Jersey, Connecticut, and Oregon.

Given the general nature and common perception of the two parties, "red state" implies a conservative region or a more conservative American, and "blue state" implies a more liberal region or a more liberal American.

Average Cost of Living in Maine: $50,559 per year

Maine has the lowest cost of living in New England, beating out all five of its neighbors, including Massachusetts, Connecticut, and Vermont, according to MERIC 2021 data.

Singapore and New York City tied for the first rank amongst the world's most expensive cities in 2022, pushing Israel's Tel Aviv from the first place in 2021 to the third place in 2022.

What are the 10 cheapest cities to live in in the United States? ›

Cost Comparison between Florida and Hawaii

In general, the cost of a vacation in Florida is cheaper compared to Hawaii. This is because the cost of living in Florida is cheaper compared to Hawaii. The cost of food and accommodation in Florida is also cheaper compared to Hawaii.

Hawaii is 76% more expensive than the US average, while Florida is just 2% more. In simpler terms, if you're a US citizen, you'd have to spend 76% more money to buy an item in Hawaii, whilst in Florida, you'd have to pay 2% more than what you would pay in your home state. What is this? For vacationers, it's alright.

The cost of living in Honolulu, HI is 30.7% higher than in Denver, CO. You would have to earn a salary of $78,414 to maintain your current standard of living. Employers in Honolulu, HI typically pay 2.6% more than employeers in Denver, CO.

In fact, we are sure you would struggle to come up with the answer if you didn't already know what it is. The most expensive man-made thing in the world surprisingly, does not even exist on the Earth. It is none other than the International Space Station (ISS) and it took more than $100 billion to make.

Which City Is More Affordable: Los Angeles or New York City? Both NYC and LA are among the most expensive cities in both the U.S. and the world. However, the average cost of living in LA is also 24-27% lower than that of NYC.

Florida residents enjoy the 32nd-lowest cost of living in the United States, per MERIC data gathered in 2022.

Atherton, California: $10.05 million. This Silicon Valley city is the most expensive place in the U.S. to buy a home, by a wide margin. Prices soared nearly 43 percent from the first quarter of 2021 to the first quarter of 2022, according to ATTOM Data Solutions.

Finding a Financial Advisor in Florida

For example, Florida doesn't have a state income tax while California does. Florida residents only owe federal taxes on their income. On top of that, Florida housing prices are also cheaper than in California.

What states has the best cost of living? ›

The Takeaway

Florida can be an expensive place, mostly because the cost of renting or owning a home has gone up so much. But with a good salary — by one definition at least $60,000 for a single, childless person — and a solid spending plan, you can enjoy the laid-back Florida lifestyle.

If you are looking for a place to spend your golden years, look no further. Florida was ranked the second-best state to retire to in 2022, due primarily to low taxes and great weather.