Cheapest Place To Live In The Us - Finding the right place to live can be difficult as the cost of living can vary from country to country. Finding the cheapest places to live always requires research. There is no official cost of living guide, although there are various resources to help you determine average wages, housing costs, utilities, food, and more.
For this comparison, states were compared based on the cost of living from the Missouri Center for Economic Research and Information. Also included is additional information about median income, home closing costs, and the median cost of car insurance. Income data is for 2015, the most recent available on this document. All other information available as of January 2017.
Cheapest Place To Live In The Us
Texas ranks low in the cost of living index based on low prices for shops and housing. Utilities, transportation, and healthcare costs, on the other hand, are higher than in low-income countries.
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In 2015, the average income in Texas among all businesses was $55,653.
Kentucky is not cheap when it comes to housing and health. Compared to other states to live in, Kentuckians pay more for transportation and utilities.
The median income in Kentucky is $45,215. The median home closing price is $149,000. On average, car insurance costs $1,503 per year.
Country Show With dealer in residences. However, utilities and supplies can be more expensive than other countries on this list.
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Missouri's median income is $50,238, the median home insurance price is $169,000. Car insurance in Missouri costs $1,207 per year.
Kansas scores well at home. Health care and consumer goods are better than low-income countries.
In Kansas, the median salary is $53,906. The median home closing price is $132,000. Over a year, car insurance in Kansas will cost $1,358.
Indiana scores well on price charts for housing, utilities, and transportation. Health care costs are higher than some of the other countries on this list.
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Indiana residents have a median income of $50,532. The average home closing price is just $64,000. Car insurance in Indiana is $1,202 per year.
Going halfway through your list will get you to Tennessee. The country is very good in terms of utilities, transportation, and healthcare. Housing costs are higher than in low-income countries.
The average annual income in Tennessee is $47,275. The average home closing price in the state is $170,000. The average car rental is $1,397 per year.
Oklahoma is a market leader in terms of housing and transportation. However, you will find higher prices for consumer goods and utilities than many of the countries lower on this list.
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In Oklahoma, the median annual salary is $48,568. The median home closing price is $140,000. Oklahomans pay an average of $1,568 per year in car insurance.
Michigan is very good in terms of amenities and shopping. You may find that transportation and healthcare are more expensive than in low-income countries.
Michiganders earn an average salary of $51,084 per year. The average closing price of a home in Michigan is $145,000. The average annual cost of car insurance in the state is $2,251 per year.
Not surprisingly, the second cheapest state in the United States to live in is not expensive on groceries, housing, cars, and health care. The only hiccup is that the cost of utilities is higher than most of the countries on this list.
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In Arkansas, the median annual salary is $41,995. The median home closing price is $145,000. Each year, you will pay an average of $1,399 for car insurance.
Mississippi held the top spot as the most expensive state to live in in 2017. State residents pay less for housing, utilities, and health care than most. Also, wholesale and shipping costs are average for this list, not high.
The median annual income in Mississippi is $40,593. The average closing price of a home in the state is $138,000, and the price per square foot is the second lowest in this group, more than Indiana. The average cost of auto insurance in Mississippi is $1,385 per year.
Of course, the data used to find these ten lowest cost of living countries are averages. In any city of the country, you can find prices that are higher or lower than those discussed here. For example, the cost of living in big cities like Miami, Pittsburgh, and New York City is higher than in smaller cities and towns across the country. It is the same in other countries.
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It is important to understand that the cost of living is not a single factor, but a combination of different statistics. The country is considered one of the least expensive places to live when the costs of basic necessities, such as housing, transportation, shopping, and health care, are lower than other countries. This is important to remember when you are looking for the best one. If you look at this combination of powers, you will get an idea of where you can live the best in the United States. Struggling to make money? Does breaking up sound like a joke? Maybe it's because you spend a lot of money or it's too expensive where you live. There are places in the country where you can make a lot of money and be poor. We're talking San Francisco or New York City - where a 2 bedroom apartment costs over $4,000 per month on average.
Well, thank God we don't have to live there. However, we can choose to live in one of the lowest areas of the country. It has more money than the big cities mentioned before. Take Tennessee, the lowest-paying state in the country this year according to MIT's Living Wage data.
Today, we're going to talk about the cheapest places - or the most affordable places - you can live in America. These places are being sold for a reason. A family of 2 parents and 1 child needs $83,897 to earn a living wage in Tennessee. About 30% less Massachusetts requires $131,461 to earn a living wage.
Here are the 10 cheapest states to live in America according to MIT cost of living data for 2023:
Cheapest Places To Live In The U.s. In 2022 2023
And for those who play at home, the living wage in Metro San Francisco is $81,795.
Read on to learn more about the cheapest countries. Or check out the best states to live in or the safest states in America.
To read more about the cheapest places in the state, check out the cheapest places to live in Mississippi and the cheapest places to live in California.
Welcome to the state of Tennessee (except Nashville). We are back to some Southern life. tax? Really low. The price of food? Really low. The price of the house is higher than other places on this list at about $810 per month, but it is low for most people who watch this video, they like to pay the mortgage 810 dollars.
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However, it must be said that Tennessee, in general, is, perhaps surprisingly, one of the most dangerous states in the nation. Memphis is one of the most dangerous cities in America. If you're going to move to Tennessee to start living nice and down, you better know where you're going or we'll never hear from you again.
In Indiana, the living wage is about $52,000 a year. This means that if you have this amount every year - as a family - you can live comfortably. Of course, you will have to work until you are 70 years old and you may not be very wealthy, but at least you will not live on welfare. And, the cost of housing in Indiana is about $9,600 a year. That means your mortgage or rent is about 800 dollars a month. Not too bad if you ask me.
By comparison, in the largest state to live in, California, you need to make about $68k a year to live comfortably. And believe me, not even close. Try living in San Francisco on $68k a year and you'll be renting a bedroom in the slums with a window overlooking a sidewalk with poop in it. The living wage for the city of San Francisco is $89,000. Just get it without any hassle. It is the most expensive place you can live in the US.
The third most populous state in America is… Mississippi. As in other low-income countries, food and personal amenities are scarce here - in fact the least you'll find in America.
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