States With Lowest Cost Of Living 2023 (2024)

The cheapest state to live in in the United States is Mississippi by 2023. States with the Lowest Cost of Living as per index are Mississippi is 84.10, followed by Kansas with 86.8, Oklahoma with 87.2, Arkansas with 88.1, Missouri with 89.1, Alabama with 89.2, New Mexico with 89.3, Georgia with 89.7, Tennessee with 89.7 and Indiana with 89.9. According to Cost of Living Index report (coli) and Community and Economic Research (CERI), The average price for a four-bedroom or 2,400-square-foot home in the United States is almost $366,000. An index score of 100 reflects a national average across all participating areas, while figures less than 100 indicate higher affordability, and the opposite is the expensive for those more than 100. According to COLI, Most expensive urban areas in 2023 are New York, Honolulu, San Francisco, Brooklyn, Orange County, Washington, Los Angeles, Seattle, Boston and San Diego. Some of the Least Expensive Urban areas in 2023 are Harlingen, Decatur, McAllen, Kalamazoo, Muskogee, Topeka, Tupelo, Ashland, Anniston-Calhoun and Salina. The living standards council assigns each metropolitan area in the country a cost of living index based on most essential common consumer goods and services like housing, utilities, transportation, health, grocery, education, auto insurance, home insurance and other miscellaneous areas.

Check the lowest on Housing | Transportation | Utilities | Grocery | Health | Education

Most affordable states to live in 2023 are

1. Mississippi

Mississippi has the lowest cost out of living of all 50 states. Jackson, Gulfport and Southaven are the populous cities of Mississippi state. Mississippi's cost of living index is 84.5. At a housing index of 66.2, Mississippi has the lowest housing costs in the country, with the average home price at $125,000 and the average rent for a single bedroom apartment between $700.00-$1,300.00 per month. With the lowest cost of living in the country has median household income of $41,600 per year. Mississippi has the fourth best Transportation cost, eight best rank in Food and Grocery prices and fifth best in Healthcare systems.

2. Kansas

Kansas State has the second lowest cost of living in USA, with the overall cost of living index is 86.8. Wichita, Overland Park, Kansas, Olathe and Topeka are the populous cities of Kansas State. Kansas housing is the third lowest in the country with the housing index of 70.3 and the average apartment rent for single bedroom is between $500 to $1100, With the second lowest cost of living in the country has the median household income of $48,610. Kansas Transportation Rank stands at fifteenth with 94.1, fifth rank in Food and Grocery prices and health index is 100.5

3. Oklahoma

Oklahoma has the third-lowest cost of living in the United States. Oklahoma , Tulsa, Norman, Broken Arrow, Edmond and Lawton are the most populous cities of Oklahoma State. Oklahoma's housing costs are fifth best in the United State with the average one-bedroom apartment costing between $950 to $1400 per month, also has low transportation costs with 92.0 as Transportation Index. The Food and Grocery costs are ninth best in US, and the median household income is $47,340.

4. Arkansas

Arkansas has the fourth-lowest cost of living in US. Little Rock, Fort Smith, Fayetteville, Springdale and Jonesboro are the most populous cities of Arkansas. Arkansas ranks second in Food and Grocery prices and Transportation Rank stands at fifth, and ranks third in healthcare and health index is 86.4.Arkansas housing cost are the seventh best in US with housing index as 75.4, with an average one-bedroom apartment monthly rent is between $650 to $1000, and the median household income is $44,780.

5. Missouri

Missouri has the fifth-lowest cost of living in US. Kansas, St. Louis, Springfield, Columbia and Independence are the populous cities of Missouri State.Missouri housing cost are the sixth best in US with housing index as 73.7, with an average one-bedroom apartment monthly rent is between $800 - $1000,and the median household income is $50,140. Missouri ranks sixteenth in Food and Grocery prices and Transportation Rank stands at eighth.

6. Alabama

Alabama has the sixth-lowest cost of living in U.S. Birmingham, Montgomery, Huntsville, Mobile and Tuscaloosa are the populous cities of Alabama State, and the median household income is $46,840. Alabama ranks eleventh in Food and Grocery prices and Transportation Rank stands at Thirteenth and healthcare is eight-best rank and index is 90.8. Alabama housing cost are the second best in US with housing index as 69.7, with an average one-bedroom apartment monthly rent is between $800 to $1800.

7. New Mexico

New Mexico has the seventh-lowest cost of living in U.S. Albuquerque , Las Cruces, Rio Rancho and Santa Fe are the populous cities of New Mexico State, and the median household income is $49,650. New Mexico housing cost are the fifteenth best in US with housing index as 81.2, with an average one-bedroom apartment monthly rent is between $600 to $1200. New Mexico State ranks twelfth in Food and Grocery prices and Transportation Rank stands at sixth

8. Georgia

Georgia has the eighth-lowest cost of living in America. Atlanta, Augusta, Columbus, Macon and Savannah are the populous cities of Georgia State, housing cost are the fourth best in US with housing index as 71.4, with an average one-bedroom apartment monthly rent is between $1300 to $1800, and the median household income is $51,940. Georgia ranks bit expensive than other top states with 97.6 in Food and Grocery prices and Transportation Rank stands at nineteenth.

9. Tennessee

Tennessee has the ninth-lowest cost of living in the country. Nashville, Memphis, Knoxville, Chattanooga, Clarksville and Murfreesboro are the populous cities of Tennessee State, Tennessee ranks tenth in Food and Grocery prices and Transportation Rank stands at second-best and healthcare is seventh rank and index is 90.1, housing cost are the sixteenth best in US with housing index as 81.2, with an average one-bedroom apartment monthly rent is between $1200 to $2500, and the median household income is $47,530.

10. Indiana

Indiana has the tenth-lowest cost of living in the country, and the median household income is $48,650. Indianapolis , Fort Wayne, Evansville, South Bend and Carmel are the populous cities of Indiana State. Indiana housing cost are the eighth best in US with housing index as 76.5, with an average one-bedroom apartment monthly rent is between $1000 to $1700. Indiana ranks sixth in Food and Grocery prices and Transportation Rank stands at twenty-third and health index is 93.7 and ranks eleventh in healthcare.

Here are the 15 most affordable states in the U.S.:
RankStateCost of Living Index GroceryHousingUtilitiesTransportationHealthMisc.Median Household income
1Mississippi 84.592.766.293.288.388.191.9$41,600
2Kansas 86.892.370.399.094.1100.590.8$48,610
3Oklahoma 87.293.371.694.492.095.193.1$47,340
4Arkansas 88.190.575.492.488.686.496.1$44,780
5Missouri 89.197.173.796.691.896.994.4$50,140
6Alabama 89.296.169.7101.792.590.897.4$46,840
7New Mexico 89.396.481.291.290.297.691.1$49,650
8Georgia 89.797.671.493.896.397.697.2$51,940
9Tennessee 89.793.581.292.186.990.195.1$47,530
10Indiana 89.892.476.597.197.393.794.9$48,650
11Michigan 90.689.276.7101.2101.894.896.1$53,390
12Iowa 91.396.876.996.498.8102.495.8$49,280
13Texas 92.090.983.8102.690.995.196.0$52,400
14Ohio 92.297.977.089.3103.1100.098.8$51,510
15West Virginia 92.799.479.089.588.088.4103.6$45,380
For the Index values of other states, Please refer Cost of Living in USA.

Transportation

Across all U.S. metro areas, transportation costs for an individual vary considerably, from $435 a month to over $1,000 a month. In many of the metro areas with public transit infrastructure, which give many residents the option to not own a car, average monthly transit costs tend to be lower.

In 2023, Wyoming state has the lowest transport cost in the United States. Transportation costs can therefore include fuel, public transit fare, and the costs of automobile ownership such as maintenance and auto insurance. The average cost of car insurance in the United States is $2,388 per year or $199 per month. But the insurance quotes changes with the states, For a policy that meets the minimum requirements of each state with out full coverage policy, i.e., minimum coverage rate for the car insurance policy goes down to as lowest as $876 per year, or $73 per month. And all it depends on the top insurance company likes USAA, Amica, Geico, Erie, State Farm and Progressive. For households making less than $30,000 per year, reliable cars are a long dream, and its huge expense which they cannot afford in terms of fuel, maintenance and insurance. In fact, 35% of American households own three or more cars. Transportation costs in 2017 made up the fourth largest expenditure among American households ranging from 3% to 4.5% of percentage of income average. On average, Americans own 2.28 cars, meaning that many households in the United States have three or more vehicles. Personal vehicles accounted for the largest amount of transportation expenditures.

RankStateTransportation IndexMost Populous CityOne-way Ticket (Local Transport) ($)Travel Monthly Pass ($)Taxi Standard ($)Taxi every 1km ($)Taxi 1hour Waiting ($)
1Wyoming86Cheyenne1.50-7.0025.00-35.003.25-3.251.24-1.2424.00-24.00
2Tennessee86.9Nashville2.00-5.0038.00-70.003.00-8.001.24-1.2518.00-18.00
3West Virginia88.0Charleston2.00-3.0035.00-90.003.50-3.501.09-1.2415.00-25.00
4Mississippi88.3Jackson2.00-2.5030.00-45.003.00-4.002.17-3.7321.00-26.00
5Arkansas88.6Little Rock1.35-1.5035.00-45.003.50-5.001.24-3.1110.00-25.00
6New Mexico90.2Albuquerque1.00-1.0030.00-30.002.50-2.501.37-1.6224.00-45.00
7Texas90.9Houston1.25-2.0035.00-90.002.75-3.251.15-3.7324.00-30.00
8Missouri91.8Kansas City1.50-1.5020.00-60.002.50-5.001.30-3.1125.00-42.00
9South Dakota91.9Sioux Falls1.50-1.5020.00-30.002.50-4.001.44-3.1135.00-35.00
10Oklahoma92.0Oklahoma City1.75-3.0030.00-50.002.75-7.001.24-2.4922.00-50.00

Utilities

Generally utility expenses include electricity, gas, water/sewage and garbage disposal. Other services such as internet, cable TV and phone services are considered to be additional utilities since they are now considered standard in most American households. According to EnergyStar, Utilities can be costly for homeowners, landlords and even renters. The typical U.S. family spends $2,060 on average per year for home utility bills. Idaho State tops the lowest cost for utilities and additional services with 83.3 as utilities index, followed by Colorado, Louisiana, Wyoming and Montana.

RankStateUtilities IndexMost Populous CityElectricity, Heating, Cooling, Water, Garbage per month for 85sq m Apartment1 min. of Prepaid Mobile Tariff LocalInternet (Cable/ADSL)
1Idaho83.3Boise88.54-280.000.15-0.3345.00-100.00
2Colorado86.7Denver77.27-226.670.03-0.3050.00-80.00
3Louisiana86.9New Orleans100.00-300.000.10-0.2050.00-100.00
4Wyoming87Cheyenne85.77-250.000.10-0.1064.99-73.00
5Montana87.6Billings80.00-292.780.10-0.1059.00-70.00
6Nebraska88.7Omaha101.66-303.570.08-0.0955.00-120.00
7Oregon89.1Portland120.00-302.420.10-0.1660.00-100.00
8Ohio89.3Columbus118.94-350.000.10-0.3745.00-100.00
9West Virginia89.5Charleston175.00-350.000.10-0.1065.00-90.00
10South Dakota89.9Sioux Falls101.66-303.570.08-0.0955.00-120.00

Food & Grocery

Groceries for one person monthly could cost anywhere between $75.00 to $250.00, depends upon where you live, how and where you choose to shop. The most cheapest state is Michigan with a grocery index of 89.2, followed by next cheapest eat outs and grocery are Arkansas, Kentucky, Texas, Kansas, Indiana and Idaho. This again depends very heavily on where you live and typical lifestyle of the person.

RankStateGrocery IndexMost Populous CityMeal, Inexpensive Restaurant($)Meal for 2 People, Mid-range Restaurant, Three-course ($)McDonalds Standard Meal ($)Cappuccino (regular) ($)Milk (regular), (1 liter) ($)Loaf White Bread ($)Rice (1kg) ($)Chicken Fillets (1kg) ($)Beef Round (1kg) ($)Bottle of Wine (Mid-Range) ($)Domestic Beer (0.5 liter bottle) ($)
1Michigan89.2Detroit8.00-20.0030.00-80.007.00-9.423.00-6.000.45-1.051.54-3.851.76-6.614.39-13.236.37-17.647.00-20.001.43-4.29
2Arkansas90.5Little Rock12.00-24.0045.00-70.006.00-9.002.00-7.000.68-1.321.65-4.411.59-5.514.14-11.023.95-11.025.00-15.001.00-2.50
3Kentucky90.9Loisville10.00-20.0042.00-86.007.00-8.503.00-8.000.34-0.791.09-4.412.20-5.603.86-19.846.59-17.617.00-20.001.43-2.86
4Texas90.9Houston10.00-30.0035.00-100.006.89-8.702.00-7.000.53-1.061.10-3.951.46-5.514.00-12.796.61-19.828.00-17.491.29-2.86
5Kansas92.3Wichita6.50-30.0035.00-75.005.00-7.502.00-6.000.42-0.791.10-3.171.72-4.414.17-7.216.61-17.067.00-36.241.31-2.86
6Indiana92.4Indianapolis8.00-30.0040.00-120.006.00-8.001.40-6.000.47-0.851.10-2.761.96-4.412.20-13.238.80-17.618.00-20.001.25-3.57
7Idaho92.7Boise9.00-35.0030.00-100.006.00-10.003.00-7.000.47-0.791.38-5.511.65-4.412.20-12.744.41-13.239.00-15.001.00-4.29
8Mississippi92.7Jackson10.00-35.0038.00-105.006.50-10.003.25-7.000.52-1.591.09-5.512.18-6.614.39-15.434.41-11.029.00-16.001.43-3.93
9Oklahoma93.3Oklahoma City8.00-15.0035.00-78.007.75-8.792.00-8.000.66-1.211.76-2.852.20-4.413.95-14.539.92-22.057.00-18.001.43-3.57
10Tennessee93.5Nashville9.00-30.0045.00-150.007.00-10.003.00-6.000.66-1.191.65-3.311.96-6.614.39-13.238.77-17.6110.00-20.001.43-2.86

Housing

The cost of housing and rental rates tend to vary much more, while considering the top lowest housing index are between 66.2 to 76.9, the monthly average rent for single bedroom apartment falls between $800 and $1000. In terms of lowest rent, Kansas, Arkansas and Mississippi has the lowest housing costs in America, with the average residents spending about $500 to $700 a month on rent, By 2020, The typical lowest home price in the U.S. is between $200,000 to $700,000. According to US Census Bureau, The median sales price of new houses sold in March 2021 was $330,800. The average sales price was $397,800. The median asking rent in the U.S. rose to $1,033 per month in Q2 2020. First time homebuyers accounted for about 33% of total sales in August 2020, down from 34% in the previous month but up from 31% a year ago, according to NAR. In addition, all-cash sales were 18% of all transactions in August 2020, slightly down from 19% a year earlier. Individual investors, who account for many cash sales, purchased 14% of homes in August 2020, at par with the previous year.

Buying a Home in 2023? Homes can be brought through mortgage easily if you have steady income and employment, and are capable of making mortgage payments, a 600 credit score should not stop you from buying a house. It all comes down to choosing the right mortgage program based on your credit, and your income. To afford a house that costs $300,000 with a down payment of $60,000, you'd need to earn $44,764 per year before tax. The monthly mortgage payment would be $1,044. Salary needed for 300,000 dollar mortgage.

RankStateHousing IndexMost Populous CityApartment Rent (1 bedroom) in City Centre ($)Apartment Rent (1 bedroom) Outside of Centre ($)Apartment Rent (3 bedrooms) in City Centre ($)Apartment Rent (3 bedrooms) Outside of Centre ($)Price per Square Meter to Buy Apartment in City Centre ($)
1Mississippi66.2Jackson700.00-1,300.00600.00-1,000.00850.00-1,500.00950.00-2,400.001,245.02-5,054.58
2Alabama69.7Birmingham800.00-1,800.00700.00-1,000.00918.50-2,500.00824.00-1,890.001,614.59-2,425.98
3Kansas70.3Wichita500.00-1,100.00425.00-650.00800.00-2,000.00700.00-1,500.001,054.19-3,100.94
4Georgia71.4Atlanta1,300.00-1,800.00900.00-1,391.362,294.00-3,770.001,400.00-3,770.002,690.98-17,203.16
5Oklahoma71.6Oklahoma City950.00-1,400.00550.00-1,275.001,200.00-3,000.001,000.00-1,600.001,614.59-5,077.20
6Missouri73.7Kansas City800.00-1,500.00700.00-1,000.00875.00-2,500.00875.00-1,800.001,895.38-3,948.84
7Arkansas75.4Little Rock650.00-1,000.00600.00-800.00850.00-1,800.00850.00-1,400.001,528.48-4,521.82
8Indiana76.5Indianapolis1,000.00-1,700.00700.00-1,100.00934.00-2,500.00796.00-1,800.001,550.00-2,858.97
9Michigan76.7Detroit800.00-1,905.00800.00-1,905.001,500.00-2,850.001,200.00-2,400.00559.72-1,509.39
10Iowa76.9Des Moines800.00-1,117.50625.00-1,030.001,300.00-2,000.001,000.00-1,300.001,668.40-4,796.39

Health

Puerto Rico has the best health care system in the United States with 65.1 as Health Index, followed by Maryland with 85.1, Arkansas, Kentucky, Mississippi, Tennessee and West Virginia. In 2020, the average national cost for health insurance is $456 for an individual and $1,152 for a family per month. However, costs vary among the wide selection of health plans. Understanding the relationship between health coverage and cost can help you choose the right health insurance for you.

Private health insurance can be purchased from various health insurance companies. Generally health care is expensive in United States and does not have a universal healthcare program, a combination of private health insurance and public health coverage like Medicare and Medicaid. Hospitals, doctors, and nurses all charge more in the U.S. than in other countries, with hospital costs increasing much faster than professional salaries. Medicine is expensive compared to most of the countries. Prices for drugs and healthcare are at least partially controlled by the government. In the U.S. all these medical prices depend on market forces. The cheapest health insurance option is Medicaid.

RankStateHealthMost Populous CityShort visit to Doctor ($)Fitness Club, Monthly Fee for 1 Adult
1Puerto Rico65.1San Juan32-6020.00-125.00
2Maryland85.1Baltimore103-15015.00-90.00
3Arkansas86.4Little Rock119-18010.00-30.00
4Kentucky87.9Louisville108-23010.00-57.00
5Mississippi88.1Jackson103-16015.00-40.00
6West Virginia88.4Charleston126-17040.00-55.00
7Tennessee90.1Nashville117-19010.00-120.00
8Alabama90.8Birmingham103-19014.00-60.00
9Utah90.9Salt Lake City113-21012.00-70.00
10District of Columbia92.8Washington, D.C.108-20029.99-129.00
11Indiana93.7Indianapolis112-19011.00-60.00
12South Carolina94.1Charleston126-18010.00-50.00
13Idaho94.4Boise146-23020.00-50.00
14Michigan94.8Detroit86-14010.00-60.00
15Oklahoma95.1Oklahoma City74-14010.00-60.00

Education

The federal government provides funding for public education, While public education is generally free, there are some fees associated with public schools including books and uniform. On average, the tuition fees for private day schools in the United States is between $7,000 to $12,000 for grades 1 to 3, $9,000 to $13,000 for grades 6 to 8, and $11,000 to $15,000 for grades 9 to 12. These costs will not cover books or school supplies.

StateMost Populous CityPreschool (or Kindergarten), Monthly for 1 Child ($)International Primary School, Yearly for 1 Child ($)Cinema ticket for 1 Seat ($)
AlabamaBirmingham600.00-1,000.009,500.00-17,500.0010.00-13.00
AlaskaAnchorage800.00-1,200.006,000.00-8,000.008.50-12.00
ArizonaPhoenix800.00-1,180.0013,200.00-22,000.009.00-14.00
ArkansasLittle Rock400.00-630.008,000.00-14,400.009.00-15.00
CaliforniaLos Angeles600.00-1,800.0012,000.00-32,000.008.00-15.00
ColoradoDenver1,000.00-1,550.009,600.00-30,000.008.95-15.00
ConnecticutBridgeport600.00-1,800.0012,000.00-32,000.0012.00-13.50
DelawareWilmington450.00-2,250.008,300.00-10,800.0010.00-15.00
District of ColumbiaWashington, D.C.1,200.00-2,700.0025,000.00-45,000.009.00-16.00
FloridaJacksonville630.00-1,000.008,000.00-35,000.008.00-20.00
GeorgiaAtlanta830.00-1,600.0012,000.00-30,000.0012.50-20.00
HawaiiHonolulu700.00-1,800.0018,000.00-25,000.009.50-14.00
IdahoBoise350.00-1,300.0010,000.00-18,000.0010.00-15.00
IllinoisChicago750.00-2,000.0015,000.00-35,000.008.00-15.00
IndianaIndianapolis300.00-1,200.004,800.00-19,000.0012.00-17.00
References:

Cost of Living Index report (coli)
Numbeo

© 2019-2023 populationU, Research papers on Population dynamics and Social affairs

States With Lowest Cost Of Living 2023 (2024)

FAQs

States With Lowest Cost Of Living 2023? ›

1. 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.

What is the cheapest state to live in 2023? ›

1. 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.

What state has the overall lowest cost of living? ›

Mississippi. Mississippi has the lowest cost of living in the United States. With a cost of living index of 83.3, expenses are nearly 17% less than the national average. Mississippi's housing costs are the lowest in the nation.

What's the most expensive state to live in 2023? ›

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.

What state has the best income to cost of living ratio? ›

Mississippi is the state with the lowest cost of living in the US, with a cost of living index of 85. This means that the cost of living in Mississippi is 15% lower than the national average. The state has a low cost of housing, groceries, and utilities.

Where is everyone moving to in 2023? ›

Based on migration data from the U.S. Census Bureau, Americans are moving to Austin, Texas; Raleigh, North Carolina; Orlando, Florida; Dallas, Texas; and Phoenix, Arizona. The most moved-to cities are based on percentage increases in population since 2010.

What state to move in 2023? ›

One of the most popular states to move to in 2023 is Texas, and for good reason. This state boasts an impressive job market since it is home to many tech companies, startups, and artistic hubs.

What state has the lowest property taxes? ›

All of the data below comes from the Census Bureau's 2021 1-year American Community Survey (ACS) Estimates. Hawaii has the lowest property tax rate in the U.S. at 0.27%. The Aloha state has a home median value of $722,500.

What states have the lowest cost of living for retirees? ›

Here are the 10 cheapest states to retire in, according to WalletHub:
  • West Virginia.
  • South Carolina.
  • Wyoming.
  • Delaware.
  • Georgia.
  • Arkansas.
  • Florida.
  • Mississippi.
Mar 26, 2023

Where is best to live in 2023? ›

Best Countries to Live in 2023
  • Best Quality of Life: Top 10 Countries.
  • New Zealand.
  • Australia.
  • Netherlands.
  • Germany.
  • Finland.
  • Norway.
  • Switzerland.
May 8, 2023

Will everything be cheaper in 2023? ›

Key points. Inflation seems to be slowing, and some things could start to get cheaper in 2023. The cost of real estate, rental, cars, and gas could fall, at least a little. Don't get too excited about potential price drops, as there's still a lot of uncertainty about the economy.

What city in the U.S. has the lowest cost of living? ›

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.

What state has the best quality of life to live? ›

Washington state has the highest quality of life in all 50 states. The state has no income tax, a thriving job market, and great international business opportunities.

What state has the highest pay and lowest cost of living? ›

The cost of living in America varies dramatically between each state. From Mississippi being the cheapest state to live in with a median household income of $46,511 to Hawaii being the most expensive state with a median household income of $83,173.

What state has the lowest average income? ›

Mississippi is the poorest state in the US, with a poverty rate of 18.7%, followed by Louisiana as the second poorest state, with a poverty rate of 17.8%, and New Mexico, as the third poorest state in the US, at a poverty rate of 16.8%.

What states are people leaving the most? ›

Top states residents are leaving

The annual 2022 United Van Lines National Movers study is out! But it wasn't good news for New Jersey or New York. A similar report from United Van Lines showed New Jersey as the top outbound state, followed by Illinois, New York, Michigan, and Wyoming. The full list is below.

What country are most Americans moving to? ›

The top three countries for American expats are Mexico, Canada, and the United Kingdom, which are all popular for their proximity to the States and lower cost of living.

What is the fastest-growing city 2023? ›

Georgetown, Texas: The Fastest-Growing City in the Nation

With an impressive growth rate, Georgetown leads all cities and towns with a population of at least 50,000.

What is the best state to live in 2023 for weather? ›

Based on these criteria, California has the best weather in all 50 states. Coastal cities in south and central California, such as San Diego, Los Angeles, Long Beach, and Santa Barbara, experience only 20 inches of rain per year and temperatures typically between the low 60s and 85 degrees.

What state has the most residents moving to? ›

The states that attracted the most new residents in 2022 are Florida, Texas, North Carolina and South Carolina, followed by other states in the South and West.

What is the #1 best state? ›

Utah takes No. 1 in rankings that measure health care, education and economy. WASHINGTON, May 2, 2023 /PRNewswire/ -- Utah is the Best State in the country, according to the 2023 Best States rankings.

What state has no income tax and lowest property tax? ›

Which Are the Tax-Free States? As of 2022, Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington, and Wyoming are the only states that do not levy a state income tax. Note that Washington does levy a state capital gains tax on certain high earners.

Which state has highest income tax? ›

New York has the highest state income tax burden out of any other state. In 2020, the state collected income taxes that amounted to 4.7% of per capita personal income, or nearly $3,500 per person. Not far behind are Maryland and Washington, DC.

Which state has highest taxes? ›

Highest tax burdens
  • New York - 12.47%
  • Hawaii - 12.31%
  • Maine - 11.14%
  • Vermont - 10.28%
  • Connecticut - 9.83%
  • New Jersey - 9.76%
  • Maryland - 9.44%
  • Minnesota - 9.41%
Mar 30, 2023

Is it better to live in a state with no income tax? ›

States that have no income tax aren't excessively wealthy and benevolent. They simply have a different structure for raising revenue. With no income tax dollars coming in, these states must get that revenue from other sources. Typically, this translates to higher sales taxes, property taxes and/or gasoline taxes.

Which state is the most tax friendly for retirees? ›

1. Alaska. Alaska is the most tax-friendly state for retirees because it has no state income tax or tax on Social Security. And its sales tax rate is the fourth lowest on our list - fifth lowest in the U.S. But keep this in mind: The cost of living in Alaska is higher than in most states.

Where can I retire on $1,300 a month? ›

Panama: A Home Away from Home

You can retire comfortably on $1,300 per month, and it's one of the best countries for quality of life. What's more, English is widely spoken, and you can use your US money anywhere across the country. The country also offers first-rate hospitals, and many of its doctors are US trained.

Where can I retire on $800 a month? ›

Ecuador. If you're looking for a country where you can retire outside the US comfortably with $800 per month and experience one of the most ecologically diverse places in the world, then Ecuador might be for you. The go-to city for US retirees in Ecuador is Cuenca, which also happens to be a UNESCO World Heritage site.

Where do the happiest retirees live? ›

Cape Coral, Fla. With its desirable climate and favorable tax status, Florida is filled with popular retirement destinations. Many of our favorite retirement spots in the Sunshine State can be found along the Gulf Coast including St. Petersburg, Sarasota and Punta Gorda.

Where are retirees moving to in 2023? ›

Cities Where Retirees Are Moving
RankCityMoved Out2
1Mesa, AZ1,338
2Henderson, NV1,968
3San Antonio, TX1,963
4North Las Vegas, NV1,190
11 more rows
Apr 17, 2023

What is the average U.S. home price in 2023? ›

Average home price in the United States: $436,800

The median home sales price is $436,800 as of the first quarter of 2023. That's a 32% increase from 2020, when the median was $329,000.

Where not to go in 2023? ›

World's most dangerous destinations for 2023
  • Venezuela (83,76)
  • Papua New Guinea (80.79)
  • South Africa (76,86)
  • Afghanistan (76,31)
  • Honduras (74.54)
  • Trinidad & Tobago (71.63)
  • Guyana (68,74)
  • El Salvador (67,79)
Jan 31, 2023

What is the fastest growing city 2023? ›

Georgetown, Texas: The Fastest-Growing City in the Nation

With an impressive growth rate, Georgetown leads all cities and towns with a population of at least 50,000.

Is 2023 good year to buy a house? ›

Homebuyer.com data analysis indicates that, for first-time home buyers, June 2023 is a good time to buy a house relative to later in the year. This article provides an unbiased look at current mortgage rates, housing market conditions, and market sentiment.

Will cost of living go down in 2023? ›

Prices are currently coming down in some markets, and the national median price was ever-so-slightly lower in February 2023 than it was in 2022, but experts do not expect dramatic drops. In many areas where prices are falling, the declines have not significantly improved affordability.

Will inflation go away in 2023? ›

With the main causes of high inflation now running in reverse gear, the economy is set to receive a large deflationary impulse. After peaking at 6.2% in 2022, we expect inflation to fall to 3.5% for 2023. Over 2024 to 2027, we expect inflation to average just 1.8%—below the Fed's 2% target.

Will food prices go down in 2023? ›

Food prices are expected to grow more slowly in 2023 than in 2022 but still at above historical-average rates. In 2023, all food prices are predicted to increase 6.2 percent, with a prediction interval of 4.9 to 7.5 percent.

What state do most retirees move to? ›

Top 10 states where retirees moved in 2021
1.Florida78.2K
2.Arizona25.1K
3.South Carolina19K
4.North Carolina19K
5.Tennessee14.8K
5 more rows
Apr 30, 2023

How much is a 3 bedroom house in USA? ›

Depending on the state you call home, the typical three-bedroom house can list at anywhere from about $125,000 to more than $740,000. That's why GOBankingRates compiled a study to track the affordability of the three-bedroom house across America.

What is the average cost of a house in Mexico? ›

A two-bedroom house in Mexico City can range anywhere from $100,000 to $500,000, while a similar property in Tulum may cost upwards of $1 million. In Cancun, a two-bedroom home can range from $200,000 to $800,000, depending on the location and amenities.

How much will the average US home cost in 2030? ›

House prices in the US have risen by 48.55% in the last ten years (from $173k to $257k) and if they continue to grow at this rate for another decade, the average US home will be worth $382k by 2030.

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