Top 10 Most Expensive States to Live in USA
Hi, today we have compiled the top 10 most expensive states to live in USA for you. Our list is as follows.
Hawaii, with a cost of living index of 189.9, is by far the most expensive state to live in on our list. Hawaii has the most expensive housing in the country, with prices that are twice as high as the national average. Groceries are also 50% more expensive, and the costs of utilities and getting around are about the same as in Alaska. Amazingly, there isn’t much poverty here.
2. Washington D.C.
Washington, D.C., is not a state; it is a district. However, with an index of 154.5, it is the second most expensive place to live on our list. What’s up? Homes, homes, and more homes. On average, one acre of land here costs $1.2 million. That’s twice as much as in Boston, where prices are already very high. Other costs are not very interesting.
Massachusetts is the most expensive place to live in New England. It has an index of 147.9, which makes it the third most expensive state to live in. Like California, housing prices in Massachusetts are crazy high, and almost everything else costs more than the average as well. On the bright side, Massachusetts has a very low poverty rate. Less than 10% of people live below the poverty line.
With an index of 139.8, California is the fourth state on our list. Just a little bit more than in New York, housing costs here are too high to be affordable. But transportation in California is expensive, second only to Oregon for the same reason. Groceries and utilities are also not cheap. In general, prices tend to be highest in cities along the coast.
5. New York
With an index of 136.8, it’s no surprise that New York comes in at No. 5 on our list. Housing is the most important part of this equation. It is the fifth most expensive thing in the country. But this is more because of the New York City area than the rest of the state, which is pretty cheap by comparison. Also, less people own homes in New York than in any other state.
To put it simply, everything in Alaska is expensive, the No. 6 entry with an index of 126.7. Even though housing is cheaper here than almost everywhere else on this list, other costs are very high. Health care, utilities, and groceries are the most expensive in the country. Alaska also gets more than half of its income from federal aid, making it the fifth state that depends on it the most.
Even though health care costs in Maryland are very low, it still ranked seventh on our list with a score of 125.1. Even though this could help you manage your budget if you live in a pricey state, the cost of housing could make up for it. Only five states have higher housing costs than California. In Maryland, wages are high and poverty is low, which is a good thing.
Oregon, which is back in the Pacific Northwest and has a mild climate, comes in at No. 8 with an index of 120.6. The cost of housing here is higher than in New Jersey, and it’s getting closer and closer to the top of the list. Due to taxes on gasoline, transportation costs in Oregon are also higher than in any other state, even California.
9. New Jersey
New Jersey, which is next to New York state and has an index of 118.6, comes in at No. 9 on the list. Again, living close to the Big Apple makes living costs go up. The cost of housing is again a big reason why this place is in the top 10, and it’s a bigger reason here than in any of the other places we’ve talked about so far. The squeeze is also caused by how close together people live.
Maine is 10th on our list. It has an index of 116.9, which is just a little bit higher than Connecticut and Vermont. The main reason for this rating is housing costs, but transportation costs here are also higher than average. Surprisingly, Maine is number 7 on the list of states that get the most of their money from the federal government. More than 43% of all the money the state gets comes from the federal government.