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Most Affordable States to Live in 2026 (Ranked)

All 50 states ranked by overall cost of living index. See which states stretch your dollar the furthest.

83
Best (Mississippi)
190
Worst (Hawaii)
102
Average
95
Median

Top 5 States

#1 Mississippi83
#2 Arkansas84
#3 West Virginia84
#4 Oklahoma86
#5 Alabama87

Bottom 5 States

#50 Hawaii190
#49 California142
#48 New York139
#47 Massachusetts135
#46 Alaska127

All 50 States — COL Index

#State COL Index VisualIncome COL Grade
#1Mississippi83
$46,50083A+
#2Arkansas84
$52,10084A+
#3West Virginia84
$48,00084A+
#4Oklahoma86
$55,80086A+
#5Alabama87
$56,20087A+
#6Kentucky87
$55,60087A+
#7Missouri88
$61,00088A+
#8Kansas89
$62,10089A+
#9Michigan89
$63,40089A+
#10Ohio89
$59,30089A+
#11Indiana90
$58,60090A+
#12Iowa90
$63,20090A+
#13Louisiana91
$52,30091A+
#14Nebraska91
$66,50091A+
#15New Mexico91
$53,00091A+
#16South Dakota91
$62,10091A+
#17Tennessee91
$59,70091A+
#18South Carolina92
$56,20092A+
#19Georgia93
$63,40093A+
#20Illinois93
$72,20093A+
#21North Dakota93
$64,80093A+
#22Texas93
$67,30093A+
#23Wisconsin93
$64,80093A+
#24Pennsylvania94
$67,60094A+
#25North Carolina95
$61,00095A+
#26Wyoming95
$65,00095A+
#27Idaho97
$62,30097A+
#28Minnesota97
$77,70097A+
#29Delaware102
$69,100102A
#30Arizona103
$65,600103A
#31Florida103
$63,100103A
#32Montana103
$60,600103A
#33Utah103
$75,600103A
#34Virginia103
$80,600103A
#35Nevada104
$64,200104A
#36Colorado105
$80,200105A
#37Maine109
$63,200109A
#38Rhode Island109
$71,200109A
#39Vermont110
$63,400110A
#40New Hampshire112
$83,300112A
#41Oregon113
$71,200113A
#42Washington115
$82,100115A
#43Maryland118
$90,200118B+
#44Connecticut121
$83,800121B+
#45New Jersey121
$87,700121B+
#46Alaska127
$77,800127B+
#47Massachusetts135
$89,700135B
#48New York139
$75,900139B
#49California142
$84,900142B
#50Hawaii190
$84,900190F

Key Takeaways

Based on our analysis of cost of living across all 50 states, Mississippi ranks #1 with 83, while Hawaii ranks last at 190. The national average is 102.

States with no income tax (Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington, Wyoming) generally perform well on affordability metrics due to higher effective take-home pay.

The gap between the best and worst state is significant: 107. This means your choice of state can make a dramatic difference in your cost of living. Use our cost of living calculator to run the numbers for your specific situation.

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Frequently Asked Questions

What state has the best cost of living?

Mississippi ranks #1 with 83. Arkansas and West Virginia round out the top 3.

What state has the worst cost of living?

Hawaii ranks last (#50) with 190. California and New York are also among the worst.

What is the national average for cost of living?

The average across all 50 states is 102. The median is 95.

How is this data calculated?

This data is calculated using the latest available median income, housing prices, cost of living indices, tax rates, and expense data for each state. Our methodology uses consistent formulas applied to all 50 states for fair comparison.

Data & Research

State RankingsSalary DataFinancial by AgeMortgage DataInsurance DataCredit Card DataTax Brackets 2026Minimum Wage

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