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Top 10 Cheapest States To Live In The United States - Around The World - YouTube
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[6]
Housing is by far the largest slice of the
average American budget, representing one-third
[13]
of typical household spending.
[16]
Because of this, the best way to cut your
costs is to reduce how much you spend to keep
[22]
a roof over your head.
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Here are the 10 cheapest states to live in
the United States in 2019.
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1. Mississippi.
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Living in Mississippi puts residents at a
confluence of Southern charm, innovation and
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cutting edge culture.
[48]
Mississippi鈥檚 temperate climate and abundance
of waterways make it a popular location for
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outdoor lovers.
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Like the other cheap states, food and personal
necessities are very cheap here.
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You can rent a two-bedroom apartment in Gulfport
for just $778 per month.
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So far, that cost advantage has done little
to attract business.
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2. Arkansas.
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All regions of Arkansas provide residents
and tourists with top-notch outdoor recreation
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opportunities such as fishing, boating, hiking
and hunting.
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The core necessities in Arkansas are as cheap
as you can find in America.
[109]
Did you know that pork sausage is remarkably
inexpensive in Arkansas?
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It鈥檚 just $3.76 a pound in Little Rock.
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Additionally, Arkansas has the honor of being
home to the cheapest housing.
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3. West Virginia.
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Noted for its mountains, rolling hills and
many state parks, West Virginia offers a variety
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of outdoor recreational options that include
hiking, mountain biking, skiing, fishing,
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hunting and whitewater rafting.
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The state's strong economy is led by aerospace,
chemical research, plastics, biometrics and
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medicine.
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A lot of money is being invested into the
state.
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The state offers a low cost of living.
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You can pay less than $600 a month to rent
a nice two bedroom house with a fenced yard
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in a quiet neighborhood.
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4. Tennessee.
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Tennessee is a beautiful spot for retirees
to live out their golden years.
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It pairs up nicely with Mississippi and Arkansas
on the cost of food and necessities.
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The residents face a cost of living index
of 89.7, a grocery index of 93.5, a housing
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index of 77.2, and health index of 89.7.
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Tennessee is also one of the few states that
doesn't tax wages, residents are able to keep
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more of their income, though there is a 6
percent hall tax on investment interest and
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dividends.
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5. South Dakota.
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While Mount Rushmore draws thousands of tourists
to South Dakota each year, the state鈥檚 natural
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resources, low cost of living and thriving
economy lure new residents.
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Agriculture, tourism and national defense
anchor the economy in South Dakota.
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While food and necessities aren鈥檛 as cheap
as the first two state on the list, South
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Dakota has a big advantage over them: No income
tax.
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Wherever you choose to lay your hat in South
Dakota you can be sure you will be welcomed
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with open arms.
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6. Alabama.
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The cost of living in Alabama is almost 19%
lower than the national average.
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Affordability is one of the benefits of living
in Alabama's cities.
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Tuscaloosa, the fifth-largest city in Alabama,
is home to the University of Alabama and Stillman
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College.
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Both of which employ many people in the area.
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The university also brings the state a large
number of temporary residents every year.
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Relatively high taxes and medical care for
the South prevented the state from appearing
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higher on the list.
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7. Kentucky.
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Kentucky is a beautiful place to call home,
and in some cases, extremely affordable.
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People can live here rather cheaply but not
skim on the amenities.
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The generally low cost of living in Kentucky
is a major perk for anyone considering retirement
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in Kentucky.
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However, child care will set you back a couple
of grand more than others in the top ten.
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Anchorage, Indian Hills, Fort Thomas are the
best places to live in Kentucky.
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8. Ohio.
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Consistently ranked one of the best states
for business, Ohio offers residents many benefits
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too, including a low cost of living, excellent
schools and good recreational opportunities.
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Everything is affordable here, whether it鈥檚
housing, healthcare or groceries.
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Ohio also has some of the cheapest medical
care available in the States.
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The best places to live in Ohio include Columbus,
Akron, Cincinnati and Dublin.
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There are lots of interesting places to explore,
different activities to try, and friendly,
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open-minded people.
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9. South Carolina.
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South Carolina boasts cheap child care and
standard Southern costs for food and such.
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However, relatively expensive medical care
and housing prevented it from being one of
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the cheap places to live.
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But it makes sense that people would pay more
to be a short drive from the Atlantic ocean
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with great weather.
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A one-bedroom apartment in South Carolina
rents for an average of $830.
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The state does not tax Social Security retirement
benefits.
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Plus, there鈥檚 a $15,000 deduction for seniors
receiving any other type of retirement income.
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10. Indiana.
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Indiana offers residents a great quality of
life with natural attractions and vibrant
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cultural destinations.
[542]
Military installations as well as strong manufacturing
and agriculture sectors drive the economy
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in Indiana.
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A low cost of living is one of the biggest
draws for many people to move to Indiana.
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Indiana's low cost of living is in line with
its lower incomes.
[567]
Indiana's average wage has dropped to $17
an hour, which is lower than the rest of the
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Midwest and the United States as a whole.
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