While housing is very affordable and 70% of residents own a home, Michigan has the ninth-highest property tax rate of 1.71%. Cost of living in North Carolina vs. California, Cost of living in Michigan vs. New Jersey. Cost of living in Massachusetts vs. Michigan. That's where a cost of living calculator (like the one above!) Cost of living in New York City is about the same as in Zurich. Oklahoma also has significantly lower housing costs, with the average rent for a two-bedroom … Remember -- Texas is a vast state. Missouri offers fairly affordable living and a variety of environments, from rural to urban. If you live in El Paso, you’ll likely pay lower home insurance rates than if you lived in Houston or Galveston, which can feel the brunt of hurricanes. Cost of living in Austin, Texas is about the same as in Orlando, Florida. The state is a popular destination for people in northern states during their retirement years. The cost of living calculator will calculate and compare any two cities in the United States so you know which city offers a more affordable standard of living. Use this easy calculator to compare how much cost of living index differs from one place to other. Compare the Cost of Living in State College, Pennsylvania against another US Cities and States. In other words, your cost of living … A 100 “avg CoLI” is the average cost of living for the entire country. Get a graphical comparison report on the cost of living, taxes, expenses, quality of life, climate, education, and other factors between any two states. Cost of living is the number one issue by far: Given those results, it’s not surprising that the biggest motivation in moving to a new area or state comes down to dollars. For the past 15 quarters, Missouri has been in the top 10 for lowest cost of living in the nation. Let us help you make an informed decision about what it will cost to live and work in the city of your dreams! However, you’ll fork over more money for home insurance and slightly more for utilities. A state’s cost of living can be the difference between living comfortably or struggling to keep your head above water. Overall, New York has the fourth-highest cost of living. One example is Texas. Hawaii has the highest average housing costs by far. This page also provides helpful information on average housing costs in every U.S. state. Select two US states below to see a price comparison based on a variety of indicators, including restaurants, groceries, clothing, transportation, and more. Housing (68.4) is the country's cheapest. We average the cities within each state to build this comparison. Cost of Living by State. Cost of Living scores and indexes are a way to compare the overall price of goods and services between different areas of the United States. When a user contributes a price, they select a city that the price corresponds to. The more congested Northeast isn’t immune to substantial cost of living shifts either. Our Cost of Living Calculator lets you compare the cost of living between two cities. In a recent Insure.com survey of 502 people, we asked respondents what’s most important when moving to a new area. Measurement indexes are generally used as a baseline for comparisons. … Even metro areas within the same state vary. Texas, United States. Mississippi is the most affordable state to live in the U.S. with an overall cost of living of 86. Compare50.org allows users to display trends on how one state’s economy has performed over time, compared to other states, and to the United States as a whole. Instead, dig deeper into the numbers to gauge specific regional costs. The state with the seventh-lowest cost of living is Michigan, with an index of 89.6. The numbers shown below indicate a state's ranking, as compared to other states, in terms of cost of living (COL) during the years 2013, 2014, 2017, and 2020. See what you'll need to earn to keep your current standard of living wherever you choose to work and live. The state’s cost of living is 17th-lowest in the nation, ... the best rates and start earning more interest on your savings by using the Money Talks News savings and CD account comparison tool. Iowa ranks first in the nation for affordability. Median household income: $44,765 Hence, lower home insurance rates than other states. Yes, a condo in New York City or a home in Westchester County will cost you top dollar. can Hawaii is the most expensive state for cost of living. This Cost of Living Calculator helps you to gain information about the after tax income that will be needed to maintain your current standard of living while moving to a new place. Florida has some of the highest home insurance rates. Disclaimer: The products and services that appear in the advertisement section of this website on this page are offered by companies from which QuinStreet may receive compensation. Use this cost of living calculator to compare the cost of living between U.S. cities and determine if you will be able to maintain your current standard of living in another city Cost of living in New Jersey vs. Ohio. This map shows the real value of $100 in each state. To compare the cost of living in your current location to the cost of living somewhere else check out the Cost of Living Calculator or this cost of living Wizard by Salary.com. The average home value is in the hospitality state is $112,000. States ranked by cost of living list. See what you will need to make to keep your current standard of living. Hurricanes often strike the state -- whether along the east coast, west coast or the panhandle. Adelaide is 13.90% more expensive than Montreal. Mississippi costs are lower than the state average in every category except for home insurance costs. All Rights Reserved. Our compare cities tool is just like our city profiles report except that you can compare two cities side by side. You’ll pay much more for insurance if you live in Florida. Denver, CO is 10.31% more expensive than Louisville, KY. Sofia is … The average Hawaii property goes for more than three times more than the national average. On the flip side, Hawaii is 198.49, which means it’s well over the national average. A cost of living index allows you to directly compare what it costs to live in one area against another, helping you understand how far your money can go in each place. For the past 15 quarters, Missouri has been in the top 10 for lowest cost of living in the nation. Under city #1, let us know the Zip code or city and state of your first opportunity – or where you're moving from. We use the Consumer Price Index (CPI) and salary differentials of over 300+ US cities to give you a comparison of costs and salary. There is an exception, though. Compensation may impact where they appear, including the order in which they appear. We then rank the states by those results. The tool enables you to see what you may need to earn if you move to specific areas. So, don’t write off an entire state if it has an overall high cost of living. Chisinau is 17.56% more expensive than Lviv. Our Cost of Living Calculator lets you compare the cost of living between two cities. If you just want the scoop on which states have the lowest and highest cost of living, we’ve got you covered. Homes in regions that are more prone to extreme weather will pay higher rates than areas with calmer weather. We aggregate prices users like you enter, creating a reliable and consistent data set of prices. It also provides a salary you’ll need to maintain your current standard of living. Hawaii is the most expensive place to live in the U.S. One of the biggest factors in an area’s cost of living is housing costs. Major cities, like New York City, have a higher cost of living than smaller cities, like Albany. Cost of Living Comparison and Salary Calculator The cost of living is usually captured in what is known as the consumer price index or CPI. Beautiful weather usually means fewer weather-related home insurance claims. Other than that, Californians pay more for auto insurance, groceries, housing, utilities, transportation, health care and miscellaneous goods. In essence, it’s what it costs to live. Insurance companies base auto and home premiums on risk. Only Hawaii and the District of Columbia have a higher cost of living than California. There are cost of living indexes that compare cities, states, and countries. The least expensive areas were the Midwest and Southern states. This Cost of Living Calculator helps you to gain information about the after tax income that will be needed to maintain your current standard of living while moving to a new place. One silver lining is insurance costs. Gauging an area’s cost of living is a crucial factor when figuring out where to live. Overall, the cost of living is less than the average area. The cost of living in San Francisco is significantly higher than average, but you might be surprised to learn the exact cost is 91.4 percent higher than the national average. Determine if you could maintain your current standard of living in a different city. You can also check out the Places Rated Almanac which compares most major cities in every conceivable way including climate, educational facilities, sports teams, cultural advantages etc. Cost of living in Texas vs. California. California, United States. Mississippi is the cheapest state in terms of cost of living. Overall, the average New Yorker pays more than double for housing than the average American. However, areas in upstate New York are much more affordable. Or is it better to stay put with lower pay in an area with a lower cost of living? A cost-of-living index gives you the percentage of the difference between the cost of living in your current location and another area. That doesn’t mean all parts of California are pricey. The least expensive areas were the Midwest and Southern states. Cost of living. Various cost of living categories are taken into consideration, including: groceries, housing, utilities, transportation, goods & services and health care. You can search by your zip code and compare it to other areas through our Cost of Living Comparison Tool. We analyzed eight factors when gauging the cost of living: We weighed them in order of importance and impact on an area’s cost of living. The state of New Jersey has the highest number in the nation by 12.26%. So, insurers consider houses in Hawaii low risk compared to places like Louisiana and Florida, which often get hit by major hurricanes. Use Salary.com's Cost of Living Calculator to easily compare the cost of living in your current location to the cost of living in a new location. CALIFORNIA, UNITED STATES. See what you will need to make to keep your current standard of living. Maybe you’re looking at multiple areas in Florida, South Carolina, Arizona or even Hawaii. Mississippi’s cost of living … The Cost of Living Calculator lets you measure two areas side-by-side. You’ll want to keep that in mind if you decide to move to Florida. Cost of living in San Jose, California is 48% more expensive than in Cincinnati, Ohio. The cost of living is all of your expenses, including homes, groceries, utilities and insurance. Conversely, Harlingen, Texas, is 23.5 percent lower than the national average. Recent Comparisons: Rome is 1.63% more expensive than Genoa. Home insurance costs are lower for California than the average. It’s not only housing that costs more in the state. Ohio places second in this subcategory, followed by Indiana, Oklahoma and Michigan. The cost of living and average income can also vary considerably within a state, so your state’s real salary may not reflect what workers in a specific city earn or pay to live. Your dollar will likely go much further in places like Redding and Bakersfield than it will in San Francisco and Los Angeles. However, The Empire State also includes more affordable areas like Albany, Rochester, Utica and Buffalo. Florida is around average for many cost factors. You can search by your zip code and compare it to other areas through our Cost of Living Comparison Tool. Cost of Living by State. The cost of living is especially important when switching jobs. Auto insurance also costs more. Therefore, if a city has a Price Index of 134, that means that living there is 34% more expensive than living in Prague. Amsterdam is 19.81% more expensive than Berlin. Cost of Living Data Series. To offset these higher costs (e.g., rent), wages are … Missouri. A comparison of the Cost of Living indexes across major US Cities compared to the national average. Cities like Houston, Dallas, El Paso, San Antonio, Austin, Amarillo and Beaumont are all proudly Texan, but the cost to live in each varies. Federal Cost of Living Index. Other factors included groceries (13%), transportation (9%), utilities (9%), health care (4%), auto insurance (2%) and home insurance (2%). Why? Besides that, Hawaii is much more costly than the average state, especially housing costs. If you're considering moving to another town or city you may be wondering what salary you'd need to maintain your standard of living in the new location. Overall, Florida has the 29th cheapest cost of living, so it's in the middle of the road. USD. Cost of living indexes let you compare basic expenses in different regions. Use the cost of living comparison calculator below to compare the cost of living in two cities. It's easy, quick, and won't cost you a penny. Weather-related claims, such as hurricanes, fires and break-ins lead to higher costs. Insure.com offers a way to compare multiple area’s cost of living. Suggested comparisons. The Aloha State also has much higher utilities and grocery costs. Hawaii has lower than average insurance rates, especially home insurance. Goods and services and housing topped the list. The more prices that are entered, the more reliable the comparisons become. You may save in one area though -- home insurance. Make sure you gauge the specific area to see its cost of living. You may know that housing and groceries play a role in cost of living, but you might not know that insurance also has a part. The state of Iowa has the lowest cost of living in the United States by 10.31%. Compare the cost of living in two cities using the CNNMoney Cost of Living calculator. You can see the costs associated with: The tool tells you which area’s cost of living is higher. TEXAS, UNITED STATES. We used eight factors when gauging the cost of living. Here are the median household incomes, regional price comparisons, and real salary values in each U.S. state. By logging in or registering, you agree to our. Copyright © 2020 Insure.com. How much more or less I could afford there -- 44%, Cost of insurance, including auto and home -- 13%. Knowing what you’ll need to earn to maintain your lifestyle gives you critical information to see if it’s worth it to move to that area. Parts of New York like Syracuse and Buffalo get walloped with snow, but overall the state doesn’t get many freak storms that lead to major damage. Across the United States, the cost of living fluctuates, as prices for the same goods may be cheaper in some areas—such as rural parts of Arkansas or South Dakota—than in large cities in states like New York or California. Signing in allows you to ask questions in our community, contribute to our cost of living database, and more. Insure.com is a part of the Insurance.com family. Explore Data State-by-State on the Economy, Jobs, Innovation, Equity, Income, Community and Government. The average homeowner pays more than double for home insurance than the average American. Missouri had the 5th lowest cost of living in the United States for the 3rd quarter in 2020. Cost of Living Index in Major Cities 186.08% 156.10% 111.58% 114.98% 151.00% 180.43% 97.34% San Francisco, CA Washington, DC Miami, FL Chicago, IL Boston, MA New York, NY Dallas, TX 0.00% 50.00% 100.00% 150.00% 200.00%. Texas is prone to hurricanes, which means higher home insurance rates. Texas is the 19th least expensive state in terms of the cost of living. The calculator can also help if you’re looking to retire. New York has the New York City area, Long Island and Westchester County, which all have high costs. However, the cost of living varies by region within a state, too. Cost-of-Living Comparison and Index . Weather can also influence home rates. With a cost of living index below 90, fairly affordable home prices, and no shortage of summer activities, this state is ideal for retirement. On the other side, Mississippi, Tennessee and New Mexico … Depending on the area in Florida where you lay down roots will depend on how much you can stretch your dollars. On the other side, Mississippi, Tennessee and New Mexico have the lowest cost of living. Missouri had the 5th lowest cost of living in the United States for the 3rd quarter in 2020. COMPARED TO. Once the reference point has been established, the Price Index value of every other city in the database is calculated by comparing their cost of living to the cost of living in Prague. You’ll likely pay more for coverage in The Sunshine State than elsewhere. In general, the most expensive areas to live were Hawaii, Alaska, the Northeast, and the West Coast. Cost of living in Illinois vs. Virginia. Mississippi. They may charge you higher rates based on an area’s claims history, economics and social factors. Parts of Manhattan are often the most expensive places to live in the U.S. Much like with Texas and California, you’ll want to dig deeper into the costs for specific areas when deciding on a move to New York. We gave miscellaneous goods and services (30%) the biggest influence, followed by housing (29%). Arkansas has the second-lowest cost of living index in the country with an index of 86.9. Explore more about the most affordable states below. Also, “%Up/down national” represents how much higher and lower a state is compared to the national average. The living wage in Arkansas is only $44,571. Hawaii is known for its perfect weather. Cost of living in North Carolina vs. New York. Take a look at the states ranked by cost of living (from lowest to highest), according to U.S. News: Iowa; Ohio; Indiana; Oklahoma; Michigan; Nebraska; Missouri; West Virginia; Kansas; Pennsylvania; North Dakota; Arkansas The national average is 100, so when you look at a place’s COL Index you can instantly see how much more or less you’ll have to pay to live there. Home insurance and other costs vary. Here are the average cost of living for each state. USD. Check out Insure.com’s Cost of Living Calculator. Rural areas usually have lower cost of living than suburban and urban areas. Combined, they contributed more than half of the final result for an area’s cost of living. Housing, transportation, and healthcare are particularly lower in Arkansas than in other parts of the country. Compare the cost of living in two cities using the CNNMoney Cost of Living calculator. A state like California or Hawaii has much higher rates than areas like Utah and Idaho. Hawaii has about average auto rates and well below average home insurance costs. . The higher the cost of living in a state, the harder it is for people of similar means with those in other states to make ends meet. A prospective job may be willing to increase your salary by $10,000, but will that extra money go far in a new area? The median home price in Michigan is $151,400 and the average rent for a two-bedroom apartment is $885 per month. This website does not include all of the products and services available nor all of the companies that offer them. Determine if you could maintain your current standard of living in a different city. The states and area with the highest cost of living are Hawaii, the District of Columbia and California. You’ll pay less to live in Texas than other areas, including housing, auto insurance and transportation. Use this easy calculator to compare how much cost of living index differs from one place to other. Are the other cities on your list more or less affordable than your current home? Floridians pay more for home insurance because of the area’s weather and claims history. Alabama. Visit FEDERAL COST OF LIVING INDEX to obtain a state by state measure of living expenses for area residents, as compared to living expenses in other states, and to the national average. Compare Data For All 50 States. The state also scores well for healthcare (89.9) and utilities (89.6). Mississippi has the lowest cost out of living of all 50 states. While the average monthly rent for a house is $1,050, and the average monthly rent for a two-bedroom apartment is $727 which is $300 less than the national average. Get a graphical comparison report on the cost of living, taxes, expenses, quality of life, climate, education, and other factors between any two states. That means a state like Mississippi with a 85.76 average CoLI is under the average the national average. Oklahoma has the third-lowest cost of living index of 87. We’ve compiled the data from multiple sources to figure out the cost of living for each area. Salary.com's Cost of Living Calculator lets you compare the cost of living and salary differentials State to State or over 300+ US cities. Home insurers base rates on risk. When asked for their biggest motivation to move to a higher cost of living area, respondents went with a higher salary: Eleven percent said they wouldn’t move to a higher-cost area regardless. 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