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The least expensive states to live in the U.S.

Here are the most and least expensive states to live in the U S Capitol Report MarketWatch


For the first time, the Commerce Department’s Bureau of Economic Analysisreleased price-adjusted estimates of personal income for states and metropolitan areas for 2008 to 2012, and it shows that, at the very least, it’s more expensive for Members of Congress to live in the nation’s capital on their $174,000 salary than in any state from which they hail.

The results show the District of Columbia, in 2012, had the highest “regional price parity” of any state. Granted, D.C.’s really a city, not a state, and set against their more natural comparisons, it ranks fifth, behind the Urban Honolulu area, New York-Newark-Jersey City, San Jose-Sunnyvale-Santa Clara, Bridgeport-Stamford-Norwalk and San Francisco-Oakland-Hayward. Beaches, hedge funds and technology are the key to prices, evidently.

The cheapest metro areas, by this methodology, were Danville, Ill.; Jefferson City, Mo.; Jackson, Tenn.; Jonesboro, Ark.; and Rome, Ga.

Put another way,it costs 54% more to live in Honolulu than in Danville.

The top five states (outside of D.C.) were Hawaii, New York, New Jersey, California and Maryland, and the bottom five states were Mississippi, Arkansas, Alabama, Missouri and South Dakota. So, it costs 36% more to live in Hawaii than in Mississippi.

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I wonder why it costs to much less to live in the cheapest states. No beaches?

South Carolina and North Carolina have beaches, and their beaches and outer banks are affected by storms and hurricanes.  

No major metropolises?  Metropoli?

All of those bottom five states have cities including some big ones like Mobile and Kansas City.

Maybe they're just so humid that it affects the demand for housing in that area.

no competition? it's all about supply and demand, right?

Yeah, I think that gets closer to the point. Fewer people want to move to those states.

Partially because of the climate and partially because of the attitude of people already there. 

yes, that makes sense.

and there's just not as much action in mississippi as dc!

True, my brother lives in Mississippi and that state is not known for action.

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