The Ins and Outs of State Living Costs Revealed by Data

A Dive into the Cost of Living Across Various States

• Georgia
• Overall cost-of-living index: 90.8
• Average monthly expenditure cost: $2,848
• Average annual expenditure cost: $34,180

Interested in the Secrets of Wealth? Discover 7 Tips for the Upper Middle Class in 2024

Living Large in the Aloha State

• Overall cost-of-living index: 180.3
• Average monthly expenditure cost: $6,402
• Average annual expenditure cost: $76,828

Idaho’s Cost of Living Landscape

• Overall cost-of-living index: 98.6
• Average monthly expenditure cost: $3,142
• Average annual expenditure cost: $37,706

Breaking Down Illinois Living Costs

• Overall cost-of-living index: 92.1
• Average monthly expenditure cost: $2,908
• Average annual expenditure cost: $34,893

Indiana’s Cost of Perks

• Overall cost-of-living index: 91.0
• Average monthly expenditure cost: $2,891
• Average annual expenditure cost: $ 34,694

The Heartland’s Living Bargain

• Overall cost-of-living index: 90.3
• Average monthly expenditure cost: $2,854
• Average annual expenditure cost: $34,242

Want to Know More? Uncover the Purchasing Power of a $100,000 Salary in America’s Largest Cities

Kansas: The Unseen Economic Gem

• Overall cost-of-living index: 87.1
• Average monthly expenditure cost: $2,753
• Average annual expenditure cost: $33,031

Kentucky: A Haven for Budget-Conscious Dwellers

• Overall cost-of-living index: 92.0
• Average monthly expenditure cost: $2,795
• Average annual expenditure cost: $33,534

Luscious Living in Louisiana

• Overall cost-of-living index: 91.0
• Average monthly expenditure cost: $2,874
• Average annual expenditure cost: $34,486

Life in Maine: A Coastal Charm with a Price

• Overall cost-of-living index: 109.9
• Average monthly expenditure cost: $3,533
• Average annual expenditure cost: $42,393

Unveiling Maryland’s Living Costs

• Overall cost-of-living index: 116.5
• Average monthly expenditure cost: $3,829
• Average annual expenditure cost: $45,944

Curious About Middle-Class Stature? Identify What Income Defines Middle Class in Your State

Mapping Out the Monetary Terrain in Massachusetts

• Overall cost-of-living index: 146.5
• Average monthly expenditure cost: $4,983
• Average annual expenditure cost: $59,797

Michigan: The Thrifty Living Haven

• Overall cost-of-living index: 90.6
• Average monthly expenditure cost: $2,878
• Average annual expenditure cost: $34,540

The Lure of the Midwest and Beyond: A Financial Snapshot of U.S. States

Minnesota: A Beacon of Balance

• Overall cost-of-living index: 94.1
• Average monthly expenditure cost: $2,993
• Average annual expenditure cost: $35,911

Mississippi: Hidden Gems Await

• Overall cost-of-living index: 86.3
• Average monthly expenditure cost: $2,711
• Average annual expenditure cost: $32,529

Missouri: The Show-Me State

• Overall cost-of-living index: 88.5
• Average monthly expenditure cost: $2,800
• Average annual expenditure cost: $33,594

Montana: Big Sky, Small Wallet

• Overall cost-of-living index: 102.9
• Average monthly expenditure cost: $3,289
• Average annual expenditure cost: $39,468

Nebraska: More Bang for Your Buck

• Overall cost-of-living index: 90.9
• Average monthly expenditure cost: $2,868
• Average annual expenditure cost: $34,418

Nevada: Where Money Meets Leisure

• Overall cost-of-living index: 101.0
• Average monthly expenditure cost: $3,363
• Average annual expenditure cost: $40,354

New Hampshire: The Price of New England Charm

• Overall cost-of-living index: 114.1
• Average monthly expenditure cost: $3,595
• Average annual expenditure cost: $43,139

New Jersey: The Garden State, the Expensive State

• Overall cost-of-living index: 113.9
• Average monthly expenditure cost: $3,721
• Average annual expenditure cost: $44,649

New Mexico: A Southwestern Serenade

• Overall cost-of-living index: 94.0
• Average monthly expenditure cost: $2,982
• Average annual expenditure cost: $35,780

New York: Concrete Jungle, Pricy Paradise

• Overall cost-of-living index: 125.9
• Average monthly expenditure cost: $4,233
• Average annual expenditure cost: $50,801

North Carolina: Southern Comfort, Sensible Spending

• Overall cost-of-living index: 95.3
• Average monthly expenditure cost: $3,056
• Average annual expenditure cost: $36,674

North Dakota: Rich Plains, Rich Wallet

• Overall cost-of-living index: 94.6
• Average monthly expenditure cost: $3,033
• Average annual expenditure cost: $36,395

Ohio: Buckeye Living on a Budget

• Overall cost-of-living index: 94.7
• Average monthly expenditure cost: $2,982
• Average annual expenditure cost: $35,788

The Economic Landscape Across America: A Closer Look at Cost of Living in Different States

The Sooner State: Oklahoma

• Cost-of-living index: 86.2
• Average monthly expenditure: $2,714
• Average annual expenditure: $32,566

What are the Top Money Moves for Each Generation?

The Beaver State: Oregon

• Cost-of-living index: 114.7
• Average monthly expenditure: $3,806
• Average annual expenditure: $45,667

The Keystone State: Pennsylvania

• Cost-of-living index: 95.6
• Average monthly expenditure: $3,025
• Average annual expenditure: $36,299

The Ocean State: Rhode Island

• Cost-of-living index: 110.7
• Average monthly expenditure: $3,479
• Average annual expenditure: $41,753

The Palmetto State: South Carolina

• Cost-of-living index: 95.3
• Average monthly expenditure: $2,991
• Average annual expenditure: $35,897

The Mount Rushmore State: South Dakota

• Cost-of-living index: 92.4
• Average monthly expenditure: $2,966
• Average annual expenditure: $35,594

Have you Wondered How Much the Average Middle-Class Person Saves?

The Volunteer State: Tennessee

• Cost-of-living index: 90.3
• Average monthly expenditure: $2,834
• Average annual expenditure: $34,007

The Lone Star State: Texas

• Cost-of-living index: 92.7
• Average monthly expenditure: $2,924
• Average annual expenditure: $35,094

The Beehive State: Utah

• Cost-of-living index: 103.2
• Average monthly expenditure: $3,308
• Average annual expenditure: $39,700

The Green Mountain State: Vermont

• Cost-of-living index: 115.3
• Average monthly expenditure: $3,792
• Average annual expenditure: $45,500

The Old Dominion State: Virginia

• Cost-of-living index: 101.9
• Average monthly expenditure: $3,284
• Average annual expenditure: $39,406

Curious about Rare Coin Values? Dig In!

The Evergreen State: Washington

• Cost-of-living index: 116.0
• Average monthly expenditure: $3,822
• Average annual expenditure: $45,863

The Mountain State: West Virginia

• Cost-of-living index: 87.7
• Average monthly expenditure: $2,735
• Average annual expenditure: $32,817

Heartland Insights

• Wisconsin
• Cost-of-living index: 95.1
• Average monthly expenditure: $3,079
• Average annual expenditure: $36,949

A Taste of the Wild West

• Wyoming
• Cost-of-living index: 92.4
• Average monthly expenditure: $2,903
• Average annual expenditure: $34,834

Methodology: To determine the average monthly expenses (minus housing costs) for each state, GOBankingRates first sourced cost-of-living indexes from the Missouri Economic and Research Information Center for groceries, housing, healthcare, utilities, transportation, and miscellaneous. GBR then calculated the average expenditure costs for each state, using the national average expenditure costs for each cost-of-living index for all consumers (sourced from the Bureau of Labor Statistics Consumer Expenditure Survey). The expenditures were added to determine the total annual and monthly cost of living for each state, minus housing. All data is up to date as of March 6, 2024.

More From GOBankingRates

This article originally appeared on
GOBankingRates.com:
How Much You’re Spending on Monthly and Annual Expenses in Every State

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.