The cheapest state to live in in the United States is Mississippi. It has a cost of living index of 85, which means that the cost of living in Mississippi is 15% lower than the national average. Other states with a low cost of living include Oklahoma, Kansas, Alabama, Georgia, Missouri, Iowa, Indiana, West Virginia, and Tennessee.
There are a number of factors that contribute to the low cost of living in Mississippi. One factor is the state’s relatively low housing costs. The median home price in Mississippi is $180,000, which is significantly lower than the national median home price of $428,700. Another factor is the state’s low cost of living expenses. The average cost of groceries, utilities, and transportation in Mississippi is also lower than the national average.
Of course, there are also some downsides to living in Mississippi. The state has a high poverty rate and a relatively low median household income. Additionally, Mississippi has a higher crime rate than the national average.
Overall, Mississippi is a good option for people who are looking for a state with a low cost of living. However, it is important to weigh the pros and cons of living in Mississippi before making a decision.