States With Highest and Lowest Cost of Living

After considering the costs of housing, groceries, utilities, transportation, health care, and other expenses in each state, GOBankingRates ranked the cost of living in all 50 states and Washington D.C.

Hawaii was found to be most expensive for its residents. Hawaiians pay 67.4 percent more than the national average for their living necessities. Housing and utilities in Hawaii are more than double the national average.

And, when it comes to states with a low cost of living ... Mississippi is on the other end of the list. With inexpensive health care, groceries, and housing, the cost of living in Mississippi is 14 percent lower than the national average.

Other expensive states include New York, California, and Massachusetts (plus Washington D.C.), while low cost of living states include Indiana, Michigan, Arkansas, and Oklahoma, which are among the cheapest.

It costs just about 12 percent less than the national average to live in Indiana. Transportation costs are 8.4 percent lower than the national average, healthcare is a little more than 5 percent lower and housing is 24.2 percent lower.

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