Are you looking for a budget-friendly place to live in America? Well, we have 6 of the cheapest US states where your paycheck goes the furthest. The cost of living varies from state to state. Since the pandemic started, Americans could choose to relocate to whatever place is suitable for them. Of course, money is always the biggest issue so it might be good to take into consideration some of the places where it’s the most inexpensive to live in.
Across the USA, the cost of living index ranges from a low 83.3 % (17% cheaper than average) to a high of 193,3 (93% more expensive than average). This study takes a lot into consideration, but most of the key aspects include food and groceries, housing, utilities, healthcare and transportation, either public or private.
Here are 12 places where living is going to be economical:
- Cost of Living Index: 83.3
- Typical Home Value: $158,000
- Median Household Income: $45,800
It’s understandable that it might not be the most glamorous or amazing place in the USA but it’s one of the cheapest places to live in and it also has its benefits. In fact, it’s actually one of the most overlooked and underrated out of all states.
The living wage in Mississippi is $48,537 and the personal necessities are the lowest in the country. And did we mention the nature opportunities, along with the friendly personalities? All in all, the state of Mississippi has everything a retiree can hope for to settle into a more care-free lifestyle!