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The Economic Roller Coaster: Analyzing Monthly and Annual Expenses Across U.S. States

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Alabama

  • Overall cost-of-living index: 88.3
  • Average monthly expenditure cost: $2,722
  • Average annual expenditure cost: $32,664

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Alaska

  • Overall cost-of-living index: 125.2
  • Average monthly expenditure cost: $4,157
  • Average annual expenditure cost: $49,887

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Arizona

  • Overall cost-of-living index: 108.4
  • Average monthly expenditure cost: $3,507
  • Average annual expenditure cost: $42,083

Arkansas

  • Overall cost-of-living index: 89.0
  • Average monthly expenditure cost: $2,730
  • Average annual expenditure cost: $32,759

California

  • Overall cost-of-living index: 138.5
  • Average monthly expenditure cost: $4,766
  • Average annual expenditure cost: $57,195

Colorado

  • Overall cost-of-living index: 105.1
  • Average monthly expenditure cost: $3,388
  • Average annual expenditure cost: $40,652

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Connecticut

  • Overall cost-of-living index: 112.8
  • Average monthly expenditure cost: $3,664
  • Average annual expenditure cost: $43,963

Delaware

  • Overall cost-of-living index: 101.1
  • Average monthly expenditure cost: $3,211
  • Average annual expenditure cost: $38,534

District of Columbia

  • Overall cost-of-living index: 146.8
  • Average monthly expenditure cost: $5,039
  • Average annual expenditure cost: $60,473

Florida

  • Overall cost-of-living index: 100.7
  • Average monthly expenditure cost: $3,255
  • Average annual expenditure cost: $39,065

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

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The beautiful coastline Honolulu Hawaii shot from an altitude of about 500 feet during a helicopter photo flight over the Pacific Ocean.

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

View of Downtown Boise.

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

Chicago cityscape looking out over the rush hour traffic commute of the highway in Illinois USA.

Breaking Down Illinois Living Costs

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

Aerial view of Indianapolis, Indiana skyline above Indiana World War Memorial and University park, and along Meridian and Pennsylvania streets.

Indiana’s Cost of Perks

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

Des Moines, Iowa skyline from the state capital at sunset.

The Heartland’s Living Bargain

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

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Wichita, Kansas, USA downtown skyline at dusk.

Kansas: The Unseen Economic Gem

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

The Intersection of Main and S Broadway in downtown Lexington KY, USA.

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

Monroe is the eighth-largest city in the U.

Luscious Living in Louisiana

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

Lewiston is a city in Androscoggin County in Maine, and the second-largest city in the state.

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

Annapolis, MD, USA - February 8, 2023: The image is of the city of Annapolis, Maryland.

Unveiling Maryland’s Living Costs

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

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Williamstown, Massachusetts, USA - September 14, 2016.

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

DCIM

Michigan: The Thrifty Living Haven

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

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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




Insights into the Cost of Living in Various States Across the US

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

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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

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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

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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







Exploring the Cost of Living Across the Heartland of America


The Milwaukee skyline sits behind the view of the Milwaukee River.

Heartland Insights

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

Panoramic aerial view of Jackson Hole homes and beautiful mountains on a summer morning, Wyoming.

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.

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How Much You’re Spending on Monthly and Annual Expenses in Every State

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