Find out where you can live cheaply in the United States with our list of the 6 cheapest states to live for 2022.
The cost of living varies widely across the United States. Some areas are expensive, while others are cheap. This page shows how much money you need to earn to afford housing, food, transportation, healthcare, and other necessities.
Arizona has been ranked as one of the top ten places to retire by Money Magazine. It also ranks high in terms of cost of living. According to the Bureau of Labor Statistics, the average annual salary in Arizona was $43,000 in 2017. That’s lower than the national average of $45,000.
Colorado was ranked No. 1 on the list because of its low cost of living, high quality of life, and relatively safe environment. It also has one of the lowest unemployment rates in the country.
Wyoming has the lowest average cost of living in the U.S., according to the Council for Community and Economic Research (CCER). In fact, the state ranks first in affordability among states with populations under 100,000 people.
CCER says that the median household income in Wyoming was $51,971 in 2017, compared to $53,849 in Montana. However, the cost of living in Wyoming is lower than in other states. According to CCER, the cost of living index in Wyoming is 79.5, while the national average is 100.
In addition to having the lowest cost of living, North Dakota also has the highest median household income at $61,724. This means that residents there earn more money than people in any other state.
According to the U.S. Census Bureau, the average annual cost of living in South Dakota was $48,988 in 2016. That’s lower than the national average of $51,856. However, the cost of living in South Dakotans’ home state is still higher than the national average.