Which are the cheapest US states to live in? See if your favorite is among them!
If you’re searching for an affordable place to live in the US but are unsure which ones fit your needs, we’re here to help! Whenever you decide to relocate for retirement (and not only), there are some things you must consider important. The cost of living, the monthly expenses, taxes, bills, groceries, transportation, and so on.
Some people want to be close to their children, while others prefer to focus on their time in retirement and relax as much as possible. While surfing the internet, you’ve probably found a ton of tops with the cheapest US states, and you can’t decide on one. But don’t worry! Our information will give you a better understanding of the nationwide situation, so you’ll definitely know which one is the best for you.
Curious about which are the cheapest US states to live in? Let’s start!
1. Mississippi
It’s acknowledged that it might not be the most glitzy or fantastic area in the USA, but it is one of the cheapest US states to live in, and it also has its advantages. It’s one of the least appreciated and underappreciated of all the states, and many people avoid starting a new life here.
Mississippi has the lowest personal need costs in the nation and a livable wage of $48,537. Did we also mention the opportunity to enjoy nature and the welcoming people? Overall, Mississippi provides everything a retiree may need to transition to a carefree lifestyle!
2. Kansas
With a score of 86.5, the wonderful state of Kansas ranks as the second-cheapest state to live in. The typical price of a single-family house in this region is about $176,898, ranking it as the third-cheapest housing expense in the country. A positive indicator for the state’s economy is that it has one of the lowest levels of unemployment in the nation.
However, you must take into account a few drawbacks for this particular state. The environment is also quite vulnerable to tornadoes and droughts, which might be a major drawback for those who prefer calm neighbors.
3. Oklahoma
Oklahoma performed relatively well in terms of wages and savings, ranking in the top five nations in the country with the fastest-growing economy. According to a recent survey, Oklahoma City was rated as the least obnoxious and snobbish city in the United States, so if you’re not sure yet about relocating there and you’re a highly friendly person, this will be the perfect spot for you.
Who would not desire cordial neighbors? Oklahoma, which has a close relationship with the military, will provide unique advantages to retirees. Oklahoma, a state with a diversified culture, will welcome everybody, regardless of country.
Plus, here you’ll have Trader Joe’s and Costco; what else could you want?
4. Tennessee
It may come as a surprise for some but Tennessee is one of the cheapest US states to live in. The typical price of a single-family house in the state is $230,253, which is somewhat less expensive than its southern neighbor. Despite the fact that Tennessee’s poverty rate is around 13.8% the unemployment rate in the state remains below the national average at 3.4%. Additionally, residents benefit from the lack of state income tax on wages received.
The main drawback to living in Tennessee is that it’s a rather populated state with rough traffic, but you’ll still need a car to get around.
5. Georgia
The fifth on the list of the cheapest US to live in is Georgia. There are 56,183 residents in this area. The majority of the country has affordable rent, which is really what most people desire, isn’t it? You could decide to relocate to Georgia right away if the state has affordable housing and cheap taxes.
You should be aware that Georgia has some of the safest cities in the country if you intend to retire there. Are you against winter? Since Georgia is warm and has a moderate environment for most of the year, moving there could be the best choice.
6. West Virginia
The two cities of Morgantown and Charleston are examined by the cost of living index for West Virginia. These cities’ median property costs are the lowest on our list, and their cost of living is 10% lower than the national average.
Living on the state’s eastern side of West Virginia puts you nearer to Washington, D.C., which means your cost of living will probably increase. The cost of living in the mountains of southern and western West Virginia, however, is probably much lower than it is in Morgantown.
Besides being one of the cheapest US states to live in, it has lower crime rates than the country as a whole. Furthermore, West Virginia features the most spectacular fall on earth, and you may experience all four seasons there.
When you have so many options to choose from it may be difficult to decide especially when it comes to retirement. But it’s one of the best chapters of our lives that’s why you must make the right decision. If our article about the cheapest US states to live in inspired you to look forward you may also want to check out this book.
Where to Retire: America’s Best & Most Affordable Places can be found on Amazon for only $21.20 for the paperback edition. According to various reviewers, you won’t find a better retirement book than this one!
7. Iowa
The seventh state on the list of some of the cheapest US states to live in is Iowa. The cost of living in Iowa is among the lowest, and the state’s labor market is expanding. This location is excellent for retirees wishing to relocate. Iowa is the ideal location if you enjoy having fun! The Iowa State Fair, which runs throughout the summer, Adventureland Resort, and the Covered Bridges of Madison County are just a few of the many well-known attractions in this area.
Besides being an inexpensive place to reside, Iowa boasts an extremely low crime rate. I know this is wonderful. So, Iowa is your greatest choice if you’re seeking a tranquil area to reside.
8. Alabama
Sweet home, Alabama? Indeed, it might be! Being on top of the cheapest US states to live in, we couldn’t miss it! Alabama is undoubtedly one of the least expensive areas to reside in the USA due to its proximity to the east side of Mississippi. Alabama has several opportunities to get in touch with nature, from lovely lakes to magnificent canyons. Alabama experiences all four seasons, allowing for the enjoyment of springtime and wintertime activities.
Now we want to find out which one of these cheapest US states to live in is your favorite. Tell us in the comments!
Bottom line
That’s it! This was the list of the cheapest US states to live in. Even though relocating to a place where everything is way more affordable than the place you’re living right now, besides the house pricing and taxes, you must consider everything that comes into play. If you plan to move to one of these states, ensure it fits your needs.
Some of you may be looking for a new job, while others are trying to enjoy their retirement. No matter the reason read everything you can about the state you’re planning to move to, write down the pros and cons, and see which ones are appropriate to what you need.
Regardless of where you wind up, we hope that knowing the costs and considerations will help you choose the ideal location for the upcoming wonderful chapter of your life.
If retirement is your major topic of interest then you must check out this article: 8 Things You Should Sell Before Retirement, According to Experts.
