Least Expensive & Most Expensive States in the USA - YouTube

Channel: The Infographics Show

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Around 43 million Americans up and move every year.
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60% of those are moving for work, and the other 40% move for more personal reasons.
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There are many trials and tribulations associated with a stateside move - finding new friends,
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exploring new avenues, and establishing new relationships.
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But what are the prime moving factors we should weigh before throwing a dart at the map and
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choosing our new destination?
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Climate, food, culture, and perhaps most important - affordability.
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So, we thought we’d do a little of the leg work for you, and explore the most cost-friendly
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and the most pricey states to settle in in the United States?
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Welcome to this episode of The Infographics Show – Least Expensive to Most Expensive
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State in the USA.
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So we’ll begin this journey by looking at some of the most cost-friendly States.
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First stop: Mississippi.
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Mississippi is not only one of the least densely populated states, but is also the least expensive
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to live in.
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With a low per capita income driving the economy, the state’s housing costs are kept really
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low.
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In decades past, cotton production drove the economy, but nowadays, agriculture has diversified
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and livestock industries have taken over.
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Products such as chicken, catfish, soybean, and rice are farmed here.
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The people are generally down to earth, god-loving Americans, with a passion for hunting and
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rebel flags.
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There’s a host of wildlife in the state to hunt, including everything from deer and
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wild hogs, to alligators and crocodiles.
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Alabama is also another good choice for new homeowners, with residential real estate exchanging
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hands for under $100,000.
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A meal for one at a restaurant in Birmingham can be had for around $11, and electricity,
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water, and trash collection would cost the avg person about $190 per month.
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A movie and a meal for two might cost you around $60.
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You have access to both the mountains and the sea, and the Southern hospitality is palpable
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here, making Alabama a good choice.
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Indiana is at the crossroads of America, so you can expect rock bottom prices for groceries.
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The topography is rugged and full of creeks, wetlands, caves, and canyons, and home to
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deer, raccoons, beaver, and muskrats.
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The crossroads to America has more miles of interstate highway than any other state, and
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more major highways intersect here than anywhere else in America, making this a great place
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to use as a base for further American exploration.
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Next stop is Michigan.
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The Great Lake state offers low cost housing and is touted as a good business hub.
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Home of the American auto industry, gas here is cheaper than most states.
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It is here in Michigan that the Kellogg brothers made the accidental discovery of flaked cereal
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that revolutionized breakfast tables across the world.
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Arkansas is a rural state offering low housing costs and low business costs, attracting Fortune
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500 companies to set up office in the State.
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Rent for a two-bedroom apartment is just $700 a month.
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The median home value here is around $110,000, which is $100,000 less than the national index.
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You can watch a movie for around $9, and if you hit a mid range restaurant, you’ll be
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looking at splashing out about $30 for two.
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Oklahoma is the home of wheat fields and a loaf a bread costs less than $3.
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You can rent a home here for the median price tag of $950.
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A dinner and a movie for two should cost around $60, and utilities in a small unit come in
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at about $140 a month.
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Other expenses such as gym memberships are lower here than most other states too.
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But what about on the other end of the affordability scale?
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Well, the most expensive state for real estate is a vacation destination for many.
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With palm studded sandy beaches, beautiful flora and fauna, and a diverse mix of cultures,
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take a gander at the Aloha state Hawaii.
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Paradise doesn’t come cheap, and with most homes changing hands for an astronomical average
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of $1 million, you may have to save up, or rob a bank, before retiring here.
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With an average home selling for $1.6 million, there are cheaper places to buy a new abode
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than Washington D.C.
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You’ll also be hit with an on average $160 energy bill.
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And if you’re planning on renting, it’ll cost you just under $2,000, more than double
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the cost in some places.
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Dinner and a movie will cost about a $100, so in order to be comfortable here, you’d
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need an annual salary of over $100,000.
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It comes as little surprise that California is one of the most expensive states to live
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in America.
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With high housing costs and a growing population, these prices seem set to remain sky high.
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Somehow, the state is in $1.6 billion of debt and nearly 33% of all welfare recipients are
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Californian, but still Cali remains an expensive place to call home.
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Next stop.
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New York.
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Even a modest lifestyle can cost a fortune here in the Empire State.
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In Manhattan, the average home costs $1.6 million.
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This is a huge state, with areas such as Rochester, where you might be able to find a home for
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under $300,000.
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But day to day living nowadays in New York is as pricey as anywhere in the world.
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Massachusetts isn’t that much cheaper.
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This state boasts a high price on groceries with a 24 ounce T-bone steak costing more
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than $60.
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The average rent for a two-bedroom apartment in Boston is the 4th highest in the US, and
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it has a steep $287 energy bill.
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Alaska has only 760 farms, meaning they have to import much of the food products here,
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which isn’t cheap.
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A loaf of bread that may cost a dollar seventy in other states is closer to 5 dollars here.
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