States with the Lowest Cost of Living

Americans have long acknowledged that the cost of living will differ from state to state, even though all states strive to lower the cost of living of their citizens. The cost of living refers to the amount of money needed to cover basic necessities; cost of living is typically calculated by the overall price of goods and services. Often, the cost of living is the standard used by the government and employers when determining wages or social safety nets. States attempt to lower the cost of living either by lowering costs or increasing benefits to citizens and consumers.

States like Florida have chosen the former method to lower the cost of living. H.B. 7071, which went into effect July 1, 2022, includes several “tax holidays”, waiving taxes for various goods such as gasoline, children’s books, baby and toddler clothes, back-to-school products, tools and home improvement goods. On the other hand, states like New York have introduced legislation that would increase the amount of money retirees receive.

Compare for yourself how the cost of living differs between various states by looking at the data in the charts.

Living Wage by State

Alabama

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do_not_disturb_on

LIVING WAGEhelp

$15.91

#2 in the US

MINIMUM WAGEhelp

$7.25

#32 in the US

MEDIAN HOUSEHOLD INCOMEhelp

$56,929

#46 in the US

Alaska

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do_not_disturb_on

LIVING WAGEhelp

$16.72

#13 in the US

MINIMUM WAGEhelp

$10.34

#20 in the US

MEDIAN HOUSEHOLD INCOMEhelp

$81,133

#12 in the US

Arizona

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do_not_disturb_on

LIVING WAGEhelp

$17.43

#28 in the US

MINIMUM WAGEhelp

$12.8

#8 in the US

MEDIAN HOUSEHOLD INCOMEhelp

$70,821

#28 in the US

Arkansas

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do_not_disturb_on

LIVING WAGEhelp

$15.55

#3 in the US

MINIMUM WAGEhelp

$11

#16 in the US

MEDIAN HOUSEHOLD INCOMEhelp

$50,784

#49 in the US

California

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do_not_disturb_on

LIVING WAGEhelp

$21.82

#47 in the US

MINIMUM WAGEhelp

$15

#1 in the US

MEDIAN HOUSEHOLD INCOMEhelp

$81,575

#11 in the US

Colorado

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do_not_disturb_on

LIVING WAGEhelp

$19.16

#41 in the US

MINIMUM WAGEhelp

$12.56

#9 in the US

MEDIAN HOUSEHOLD INCOMEhelp

$84,954

#8 in the US

Connecticut

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do_not_disturb_on

LIVING WAGEhelp

$19

#42 in the US

MINIMUM WAGEhelp

$14

#3 in the US

MEDIAN HOUSEHOLD INCOMEhelp

$80,958

#13 in the US

Delaware

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do_not_disturb_on

LIVING WAGEhelp

$17.74

#29 in the US

MINIMUM WAGEhelp

$10.5

#21 in the US

MEDIAN HOUSEHOLD INCOMEhelp

$68,687

#32 in the US

District of Columbia

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do_not_disturb_on

LIVING WAGEhelp

$23.13

#51 in the US

MINIMUM WAGEhelp

$15.2

#2 in the US

MEDIAN HOUSEHOLD INCOMEhelp

$90,640

#2 in the US

Florida

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do_not_disturb_on

LIVING WAGEhelp

$17.24

#30 in the US

MINIMUM WAGEhelp

$10

#22 in the US

MEDIAN HOUSEHOLD INCOMEhelp

$59,734

#44 in the US

Georgia

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do_not_disturb_on

LIVING WAGEhelp

$17.64

#31 in the US

MINIMUM WAGEhelp

$7.25

#33 in the US

MEDIAN HOUSEHOLD INCOMEhelp

$61,497

#42 in the US

Hawaii

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do_not_disturb_on

LIVING WAGEhelp

$21.99

#48 in the US

MINIMUM WAGEhelp

$10.1

#23 in the US

MEDIAN HOUSEHOLD INCOMEhelp

$82,199

#9 in the US

Idaho

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do_not_disturb_on

LIVING WAGEhelp

$16.16

#14 in the US

MINIMUM WAGEhelp

$7.25

#34 in the US

MEDIAN HOUSEHOLD INCOMEhelp

$76,918

#18 in the US

Illinois

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do_not_disturb_on

LIVING WAGEhelp

$18.16

#39 in the US

MINIMUM WAGEhelp

$12

#10 in the US

MEDIAN HOUSEHOLD INCOMEhelp

$79,253

#16 in the US

Indiana

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do_not_disturb_on

LIVING WAGEhelp

$15.79

#4 in the US

MINIMUM WAGEhelp

$7.25

#35 in the US

MEDIAN HOUSEHOLD INCOMEhelp

$70,190

#29 in the US

Iowa

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do_not_disturb_on

LIVING WAGEhelp

$16.18

#15 in the US

MINIMUM WAGEhelp

$7.25

#36 in the US

MEDIAN HOUSEHOLD INCOMEhelp

$72,429

#25 in the US

Kansas

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do_not_disturb_on

LIVING WAGEhelp

$16.38

#16 in the US

MINIMUM WAGEhelp

$7.25

#37 in the US

MEDIAN HOUSEHOLD INCOMEhelp

$75,979

#20 in the US

Kentucky

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do_not_disturb_on

LIVING WAGEhelp

$15.46

#5 in the US

MINIMUM WAGEhelp

$7.25

#38 in the US

MEDIAN HOUSEHOLD INCOMEhelp

$55,629

#47 in the US

Louisiana

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do_not_disturb_on

LIVING WAGEhelp

$16.15

#17 in the US

MINIMUM WAGEhelp

$7.25

#39 in the US

MEDIAN HOUSEHOLD INCOMEhelp

$57,206

#45 in the US

Maine

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do_not_disturb_on

LIVING WAGEhelp

$17.88

#32 in the US

MINIMUM WAGEhelp

$12.75

#11 in the US

MEDIAN HOUSEHOLD INCOMEhelp

$71,139

#26 in the US

Maryland

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do_not_disturb_on

LIVING WAGEhelp

$19.74

#43 in the US

MINIMUM WAGEhelp

$12.5

#12 in the US

MEDIAN HOUSEHOLD INCOMEhelp

$97,332

#1 in the US

Massachusetts

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do_not_disturb_on

LIVING WAGEhelp

$21.88

#49 in the US

MINIMUM WAGEhelp

$14.25

#4 in the US

MEDIAN HOUSEHOLD INCOMEhelp

$86,566

#7 in the US

Michigan

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do_not_disturb_on

LIVING WAGEhelp

$16.36

#18 in the US

MINIMUM WAGEhelp

$9.87

#25 in the US

MEDIAN HOUSEHOLD INCOMEhelp

$64,488

#35 in the US

Minnesota

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do_not_disturb_on

LIVING WAGEhelp

$17.74

#33 in the US

MINIMUM WAGEhelp

$10.33

#24 in the US

MEDIAN HOUSEHOLD INCOMEhelp

$80,441

#14 in the US

Mississippi

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do_not_disturb_on

LIVING WAGEhelp

$15.66

#6 in the US

MINIMUM WAGEhelp

$7.25

#40 in the US

MEDIAN HOUSEHOLD INCOMEhelp

$46,637

#51 in the US

Missouri

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do_not_disturb_on

LIVING WAGEhelp

$16.29

#19 in the US

MINIMUM WAGEhelp

$11.15

#17 in the US

MEDIAN HOUSEHOLD INCOMEhelp

$63,594

#37 in the US

Montana

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do_not_disturb_on

LIVING WAGEhelp

$16.32

#20 in the US

MINIMUM WAGEhelp

$9.2

#26 in the US

MEDIAN HOUSEHOLD INCOMEhelp

$64,999

#34 in the US

Nebraska

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do_not_disturb_on

LIVING WAGEhelp

$16.6

#21 in the US

MINIMUM WAGEhelp

$9

#27 in the US

MEDIAN HOUSEHOLD INCOMEhelp

$78,109

#17 in the US

Nevada

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do_not_disturb_on

LIVING WAGEhelp

$16.24

#22 in the US

MINIMUM WAGEhelp

$9.5

#28 in the US

MEDIAN HOUSEHOLD INCOMEhelp

$64,340

#36 in the US

New Hampshire

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do_not_disturb_on

LIVING WAGEhelp

$17.32

#34 in the US

MINIMUM WAGEhelp

$7.25

#41 in the US

MEDIAN HOUSEHOLD INCOMEhelp

$88,841

#3 in the US

New Jersey

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do_not_disturb_on

LIVING WAGEhelp

$20.57

#46 in the US

MINIMUM WAGEhelp

$13

#6 in the US

MEDIAN HOUSEHOLD INCOMEhelp

$88,559

#4 in the US

New Mexico

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do_not_disturb_on

LIVING WAGEhelp

$16.25

#23 in the US

MINIMUM WAGEhelp

$11.5

#18 in the US

MEDIAN HOUSEHOLD INCOMEhelp

$53,463

#48 in the US

New York

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do_not_disturb_on

LIVING WAGEhelp

$21.99

#50 in the US

MINIMUM WAGEhelp

$13.2

#7 in the US

MEDIAN HOUSEHOLD INCOMEhelp

$72,920

#23 in the US

North Carolina

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do_not_disturb_on

LIVING WAGEhelp

$17.14

#35 in the US

MINIMUM WAGEhelp

$7.25

#42 in the US

MEDIAN HOUSEHOLD INCOMEhelp

$62,891

#38 in the US

North Dakota

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do_not_disturb_on

LIVING WAGEhelp

$15.37

#7 in the US

MINIMUM WAGEhelp

$7.25

#43 in the US

MEDIAN HOUSEHOLD INCOMEhelp

$68,882

#31 in the US

Ohio

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do_not_disturb_on

LIVING WAGEhelp

$15.61

#8 in the US

MINIMUM WAGEhelp

$9.3

#29 in the US

MEDIAN HOUSEHOLD INCOMEhelp

$62,689

#39 in the US

Oklahoma

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do_not_disturb_on

LIVING WAGEhelp

$15.75

#9 in the US

MINIMUM WAGEhelp

$7.25

#44 in the US

MEDIAN HOUSEHOLD INCOMEhelp

$60,096

#43 in the US

Oregon

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do_not_disturb_on

LIVING WAGEhelp

$19.51

#44 in the US

MINIMUM WAGEhelp

$12.5

#13 in the US

MEDIAN HOUSEHOLD INCOMEhelp

$81,855

#10 in the US

Pennsylvania

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do_not_disturb_on

LIVING WAGEhelp

$16.67

#24 in the US

MINIMUM WAGEhelp

$7.25

#45 in the US

MEDIAN HOUSEHOLD INCOMEhelp

$72,627

#24 in the US

Rhode Island

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do_not_disturb_on

LIVING WAGEhelp

$17.8

#36 in the US

MINIMUM WAGEhelp

$12.25

#14 in the US

MEDIAN HOUSEHOLD INCOMEhelp

$74,982

#21 in the US

South Carolina

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do_not_disturb_on

LIVING WAGEhelp

$17.47

#37 in the US

MINIMUM WAGEhelp

$7.25

#46 in the US

MEDIAN HOUSEHOLD INCOMEhelp

$62,542

#40 in the US

South Dakota

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do_not_disturb_on

LIVING WAGEhelp

$14.85

#1 in the US

MINIMUM WAGEhelp

$9.95

#30 in the US

MEDIAN HOUSEHOLD INCOMEhelp

$73,893

#22 in the US

Tennessee

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do_not_disturb_on

LIVING WAGEhelp

$15.45

#10 in the US

MINIMUM WAGEhelp

$7.25

#47 in the US

MEDIAN HOUSEHOLD INCOMEhelp

$62,166

#41 in the US

Texas

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do_not_disturb_on

LIVING WAGEhelp

$16.41

#25 in the US

MINIMUM WAGEhelp

$7.25

#48 in the US

MEDIAN HOUSEHOLD INCOMEhelp

$67,404

#33 in the US

Utah

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do_not_disturb_on

LIVING WAGEhelp

$16.98

#26 in the US

MINIMUM WAGEhelp

$7.25

#49 in the US

MEDIAN HOUSEHOLD INCOMEhelp

$87,649

#5 in the US

Vermont

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do_not_disturb_on

LIVING WAGEhelp

$17.81

#38 in the US

MINIMUM WAGEhelp

$12.55

#15 in the US

MEDIAN HOUSEHOLD INCOMEhelp

$76,079

#19 in the US

Virginia

See less

do_not_disturb_on

LIVING WAGEhelp

$19.4

#45 in the US

MINIMUM WAGEhelp

$11

#19 in the US

MEDIAN HOUSEHOLD INCOMEhelp

$80,268

#15 in the US

Washington

See less

do_not_disturb_on

LIVING WAGEhelp

$18.54

#40 in the US

MINIMUM WAGEhelp

$14.49

#5 in the US

MEDIAN HOUSEHOLD INCOMEhelp

$87,648

#6 in the US

West Virginia

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do_not_disturb_on

LIVING WAGEhelp

$15.45

#11 in the US

MINIMUM WAGEhelp

$8.75

#31 in the US

MEDIAN HOUSEHOLD INCOMEhelp

$46,836

#50 in the US

Wisconsin

See less

do_not_disturb_on

LIVING WAGEhelp

$16.4

#27 in the US

MINIMUM WAGEhelp

$7.25

#50 in the US

MEDIAN HOUSEHOLD INCOMEhelp

$69,943

#30 in the US

Wyoming

See less

do_not_disturb_on

LIVING WAGEhelp

$15.25

#12 in the US

MINIMUM WAGEhelp

$7.25

#51 in the US

MEDIAN HOUSEHOLD INCOMEhelp

$71,052

#27 in the US