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Old 08-03-2023, 08:29 AM
 
Location: DFW Metroplex, Texas
525 posts, read 718,030 times
Reputation: 440

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With inflation and current housing market affecting all of us, I am hearing more and more about Americans looking into more affordable states to live, work, and play. I saw this article (see the link below).

https://www.cnbc.com/2023/08/02/doxo...old-bills.html

Top 10 most expensive U.S. states based on monthly expenses:

Hawaii - #1 Most Expensive State
California
New Jersey
Massachusetts
Maryland
Connecticut
New York
Washington
Colorado
Alaska

Top 10 least expensive states based on monthly expenses:

Alabama
Missouri
New Mexico
South Dakota
Indiana
Kentucky
Oklahoma
Arkansas
Mississippi
West Virginia - #1 Least Expensive State

Would you live in any of these least expensive states? Please feel free to make comments about them including pros and cons.
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Old 08-03-2023, 09:11 AM
 
93,197 posts, read 123,819,554 times
Reputation: 18253
The problem with this is that cost of living can vary greatly by state. So, doing this by metro area would make more sense for that reason.
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Old 08-03-2023, 09:20 AM
 
Location: East of Seattle since 1992, 615' Elevation, Zone 8b - originally from SF Bay Area
44,551 posts, read 81,085,957 times
Reputation: 57750
The reason for expensive states being expensive is that people want to live there, and in the cases of Hawaii and Alaska, it costs a lot to get everything shipped there.

Likewise, the cheap states are that people don't want to move to. There is some movement today but the people leaving the expensive states are going to the middle-level states not on either list. Meanwhile the expensive states, are still growing thanks to illegal immigration.

I have been to 44 states, including all but Alaska on the two lists, and would never consider moving to any on the cheap list, and only 3 on the expensive list, regardless of the cost of living.
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Old 08-03-2023, 09:35 AM
sub
 
Location: ^##
4,963 posts, read 3,750,180 times
Reputation: 7831
Somehow I’ve managed to live in 4 of the least expensive and none of the most expensive.
The 4 were actually just fine, but like any of the most expensive states, your experience will vary greatly depending on where you live.
And yes, some on the least list are growing just fine, and some on the most list are stagnant.

West Virginia, Indiana, and Kentucky are the only ones I would not consider on the least expensive list. A few of the others are actually some of my top choices.

Of the most expensive ones, I would only consider Alaska for the adventure.
That’s it. The rest have no appeal to me at all whatsoever. I’m 40-70 years too late for California. Colorado may have been okay once upon a time.
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Old 08-03-2023, 09:49 AM
 
8,856 posts, read 6,846,043 times
Reputation: 8651
The "least expensive" list is all places where nearly everybody has to have a car, a big cost.
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Old 08-03-2023, 09:51 AM
 
7,067 posts, read 4,510,340 times
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I have lived in Kansas twice and it’s very cheap if you don’t live in Kansas City. Wichita is the biggest city and I still have friends there and it’s incredibly cheap.
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Old 08-03-2023, 10:00 AM
 
24,557 posts, read 18,230,382 times
Reputation: 40260
Quote:
Originally Posted by SciFiNerd1 View Post
With inflation and current housing market affecting all of us, I am hearing more and more about Americans looking into more affordable states to live, work, and play. I saw this article (see the link below).

https://www.cnbc.com/2023/08/02/doxo...old-bills.html

Top 10 most expensive U.S. states based on monthly expenses:

Hawaii - #1 Most Expensive State
California
New Jersey
Massachusetts
Maryland
Connecticut
New York
Washington
Colorado
Alaska

Top 10 least expensive states based on monthly expenses:

Alabama
Missouri
New Mexico
South Dakota
Indiana
Kentucky
Oklahoma
Arkansas
Mississippi
West Virginia - #1 Least Expensive State

Would you live in any of these least expensive states? Please feel free to make comments about them including pros and cons.

This stuff is simple clickbait. Costs vary wildly depending on where you live in the state. I live in a paid-for house in coastal southeastern Massachusetts. My town has lots of oceanfront vacation homes and a big Mall / big box store commercial area that subsidize my property taxes. I'm 60 miles from Boston beyond rational commuting distance so it's not absurd metro Boston housing prices. My home ownership costs are very low. Massachusetts has Proposition 2 1/2 property tax law so I know my property taxes, on average, will only go up 2 1/2% per year. I'm retired and Massachusetts doesn't tax Social Security.
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Old 08-03-2023, 10:05 AM
 
8,489 posts, read 8,771,754 times
Reputation: 5701
Cost of living comparisons need to also recognize wages / salaries to be useful.

Even the averages are only mildly useful. In the end it is your specific income vs specific expenditures.
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Old 08-03-2023, 10:11 AM
 
638 posts, read 347,315 times
Reputation: 1107
Quote:
Originally Posted by Hemlock140 View Post
The reason for expensive states being expensive is that people want to live there, and in the cases of Hawaii and Alaska, it costs a lot to get everything shipped there. .
Yes. Also a major factor is cost of construction and limited land in many of those western states.

It’s very expensive to build homes in places along the west coast. Alaska included. It’s very expensive to build a house in Alaska. Limited places to build (unlike the Midwest) makes housing much more expensive.
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Old 08-03-2023, 10:26 AM
 
4,159 posts, read 2,841,729 times
Reputation: 5516
Quote:
Originally Posted by mhays25 View Post
The "least expensive" list is all places where nearly everybody has to have a car, a big cost.
I think 92% of American households have cars. Everybody already has cars.
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