July 2017   Volume 43, Number 7      


Five States with the Highest, Lowest Cost of Living

Just how widely does the cost of living vary from state to state? GoBankingRates.com reviewed 2016 data from the Missouri Economic Research and Information Center, examining six categories of housing, living expenses, groceries, utilities, healthcare, transportation, and miscellaneous expenses. The site used the data to calculate an overall cost of living index for each state and the District of Columbia.

The findings ranked states by highest cost of living, with Hawaii ranked number one. Its cost-of-living expenses are 67.4 percent higher than the national average and its housing costs higher than the national average by 130 percent.

  1. Hawaii
  2. Washington, D.C.
  3. New York
  4. California
  5. Massachusetts

The states with the lowest cost of living are:

  1. Mississippi
  2. Indiana
  3. Michigan
  4. Arkansas
  5. Oklahoma

Mississippi is the least expensive state with a cost of living 14 percent below the national average, according to GoBankingRates.com’s study. Mississippi housing costs are 31.6 percent lower than the national average and groceries are nearly 6 percent lower than the national average.

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In this issue:

The Best, Worst Metros for Real Estate Investors

Five States with the Highest, Lowest Cost of Living

Americans’ Confidence in Economy Reaches Post-Election Low

EB-5 Program Extended Through September 2017

Flexible Workspace Real Estate Trend Set to Take Off

Home Builders Target Millennials with Lower-Priced Homes

Housing Starts Decline 2.6 Percent in April

Luxury Real Estate Starting to Cool Off

Market Competition Intensifies for Millennial House-Hunters

How Realtors Are Using Mobile Technology


The information presented and conclusions within are based upon our best judgment and analysis. It is not guaranteed information and does not necessarily reflect all available data. Web addresses are current at time of publication but subject to change. SmartsPro Marketing and The Insurance 411 do not engage in the solicitation, sale or management of securities or investments, nor does it make any recommendations on securities or investments. This material may not be quoted or reproduced in any form without publisher's permission. All rights reserved. ©2017 The Insurance 411. Tel. 877-762-7877. theinsurance411.com