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Examining The Cost Of Living By State In 2023

Hawaii ranks as the most expensive state in terms of cost of living, with the lowest disposable income, while Mississippi has the lowest cost of living and New York has the highest disposable income despite being the fourth costliest state. Massachusetts has the highest average annual salary, while Mississippi has the lowest. Hawaii has the highest transportation costs, and West Virginia has the lowest. Alaska has the highest food prices and healthcare costs, while Oklahoma is the most budget-friendly for food costs, and Utah is the most cost-effective for healthcare. California has the highest median monthly housing costs, while West Virginia has the lowest. Hawaii has the highest rental expenses, while North Dakota is the most budget-friendly for rentals. Hawaii also has the highest income taxes, while South Dakota has the lowest. Overall, the West and Northeast regions have the highest cost of living, while the South has the most states with the lowest cost of living.

forbes.com
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