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Missouri Economic Research and Information Center (MERIC) derives the cost of living index for each state by averaging the indices of participating cities and metropolitan areas in that state.
In general, the most expensive areas to live were Hawaii, Alaska, the Northeast, and the West Coast. The least expensive areas were the Midwest and Southern states.
Cities across the nation participate in the Council for Community & Economic Research (C2ER) survey on a volunteer basis. Price information in the survey is governed by C2ER collection guidelines which strive for uniformity.
The entries for Ontario, British Columbia, and Remote were added manually for my use case.
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Graph and download economic data for Estimated Mean Real Household Wages Adjusted by Cost of Living for Franklin County, MO (MWACL29071) from 2009 to 2023 about Franklin County, MO; St. Louis; adjusted; MO; average; wages; real; and USA.
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TwitterWest Virginia and Kansas had the lowest cost of living across all U.S. states, with composite costs being half of those found in Hawaii. This was according to a composite index that compares prices for various goods and services on a state-by-state basis. In West Virginia, the cost of living index amounted to **** — well below the national benchmark of 100. Virginia— which had an index value of ***** — was only slightly above that benchmark. Expensive places to live included Hawaii, Massachusetts, and California. Housing costs in the U.S. Housing is usually the highest expense in a household’s budget. In 2023, the average house sold for approximately ******* U.S. dollars, but house prices in the Northeast and West regions were significantly higher. Conversely, the South had some of the least expensive housing. In West Virginia, Mississippi, and Louisiana, the median price of the typical single-family home was less than ******* U.S. dollars. That makes living expenses in these states significantly lower than in states such as Hawaii and California, where housing is much pricier. What other expenses affect the cost of living? Utility costs such as electricity, natural gas, water, and internet also influence the cost of living. In Alaska, Hawaii, and Connecticut, the average monthly utility cost exceeded *** U.S. dollars. That was because of the significantly higher prices for electricity and natural gas in these states.
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Graph and download economic data for Estimated Mean Real Household Wages Adjusted by Cost of Living for St. Louis city, MO (MWACL29510) from 2009 to 2023 about St. Louis City, MO; St. Louis; adjusted; MO; average; wages; real; and USA.
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Graph and download economic data for Estimated Mean Real Household Wages Adjusted by Cost of Living for Greene County, MO (MWACL29077) from 2009 to 2023 about Greene County, MO; Springfield; adjusted; MO; average; wages; real; and USA.
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TwitterCost comparison table showing 2023 and 2024 median costs by location
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TwitterCost comparison table showing 2023 and 2024 median costs by location
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Graph and download economic data for Estimated Mean Real Household Wages Adjusted by Cost of Living for Buchanan County, MO (MWACL29021) from 2009 to 2023 about Buchanan County, MO; St. Joseph; adjusted; MO; average; wages; real; and USA.
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Graph and download economic data for Estimated Mean Real Household Wages Adjusted by Cost of Living for St. Francois County, MO (MWACL29187) from 2016 to 2023 about St. Francois County, MO; adjusted; MO; average; wages; real; and USA.
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TwitterCost comparison table showing 2023 and 2024 median costs by location
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TwitterCost comparison table showing 2023 and 2024 median costs by location
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TwitterCost comparison table showing 2023 and 2024 median costs by location
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TwitterCost comparison table showing 2023 and 2024 median costs by location
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TwitterCost comparison table showing 2023 and 2024 median costs by location
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TwitterCost comparison table showing 2023 and 2024 median costs by location
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TwitterCost comparison table showing 2023 and 2024 median costs by location
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TwitterCost comparison table showing 2023 and 2024 median costs by location
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TwitterCost comparison table showing 2023 and 2024 median costs by location
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TwitterCost comparison table showing 2023 and 2024 median costs by location
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TwitterCost comparison table showing 2023 and 2024 median costs by location
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Twitterhttps://www.usa.gov/government-works/https://www.usa.gov/government-works/
Thumbnail Image by macrovector_official on Freepik
Missouri Economic Research and Information Center (MERIC) derives the cost of living index for each state by averaging the indices of participating cities and metropolitan areas in that state.
In general, the most expensive areas to live were Hawaii, Alaska, the Northeast, and the West Coast. The least expensive areas were the Midwest and Southern states.
Cities across the nation participate in the Council for Community & Economic Research (C2ER) survey on a volunteer basis. Price information in the survey is governed by C2ER collection guidelines which strive for uniformity.
The entries for Ontario, British Columbia, and Remote were added manually for my use case.