Cost Of Living By State Map 2017

Thursday, July 30, 2020

Cost Of Living By State Map 2017

The least expensive areas were the midwest and southern states. Meric derives the cost of living index for each state by.

Cost Of Living Data Series Missouri Economic Research And

States with the highest cost of living.

Cost of living by state map 2017

. Lower numbers are better for cost of living. New york ny united states. The state with the highest cost of living index is hawaii whose index is 192 9. 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.

To calculate each city s price index value we start by assigning a value of 100 to a central reference city that happens to be prague. Here are the median household incomes regional price comparisons and real salary values in each u s. Mapporn throughout cost of living by state map 11703 source image. Smartasset s interactive map highlights the places in the country with the most favorable cost of living.

The council for community and economic research measures cost. Hover over counties to see data points or use the map s tabs to toggle between cost of living and median income. 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. 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.

In general the most expensive areas to live were hawaii alaska the northeast and the west coast. Zoom between states and the national map to see where people have the most purchasing power. Hawaii s housing index is 318 6 where a two bedroom costs about 1 895 per month and the median home value is about 660 000. Honolulu hi united states.

This means that the cost of living in hawaii is 92 9 higher than the u s. Necessities like food housing utilities and transportation expenses are all considered when actuaries perform cost of living calculations. For the past 13 quarters missouri has been in the top 10 for lowest cost of living in the nation. 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.

Cost of living data series 2017 annual average. Missouri had the 6th lowest cost of living in the united states for 2020.

Average Income And Cost Of Living In Every State Money