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The cheapest (and most expensive) states to live, ranked

Discover where your hard-earned dollars will go further
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Justin Sullivan/Getty Images

Discover where your hard-earned dollars will go further

Unhappy with the prices you're paying for groceries, housing, healthcare, and more? You're certainly not alone. Inflation was the number one hot-button issue in the 2024 election and while it has cooled over the past year, the current rate of 2.9% is still well above the Federal Reserve’s target of 2%.

With rising costs continuing to put a strain on Americans' wallets, read on to discover where every state ranks when it comes to the cost of living, from the cheapest to the most expensive.

Based on the latest cost of living index from the Missouri Economic Research and Information Center (MERIC) with data correct as of January 2025.

Daniel Coughlin

27 January 2025

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