The cost of living in the United States varies widely depending on the region, state, city, and even neighborhood. Some of the factors that affect the cost of living are housing, transportation, food, health care, education, taxes, and entertainment.
According to the U.S. Bureau of Economic Analysis, the average annual personal income in the United States was $59,729 in 2020. However, this does not mean that everyone can afford the same standard of living, as the cost of living can differ by more than 300% across the country.
Below are the top 10 cheapest states to live in and how their cost of living compares to the national average, according to Insure.com.
Mississippi (-16.10 percent)
Iowa (-11.03 percent)
Oklahoma (-10.60 percent)
Alabama (-10.40 percent)
Kansas (-10.39 percent)
Arkansas (-10.29 percent)
Indiana (-10.02 percent)
Ohio (-9.52 percent)
Tennessee (-8.57 percent)
Nebraska (-8.39 percent)
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