15 Most Expensive States to Live in the United States
Want to stretch your paycheck as much as possible? If you live in one of the most expensive states, you might want to consider a move.
This bustling state serves as a suburb of the nation’s capital and has several large cities of its own, driving up housing costs throughout the state. It ranked well above average for every standard expense of living—except health care—according to MERIC.
Massachusetts has bragging rights for the smartest residents, thanks to its top-rated educational system and being home to some of the finest higher education institutions in the country. But it’s also well above average for every cost of living, from housing to health care, and sports a not-so-insignificant 5.05 percent income tax rate and nearly 27¢ gas tax. Surprisingly, visiting can also be pricey—Boston ranks as the most expensive U.S. city to book a hotel room.
3. New York
New York City area real estate definitely helps drive up the average cost of housing for the entire state—the median home value is $301,000. New Yorkers also spend more than the average American on other costs, including groceries and transportation.
West Coast living costs plenty, with housing and transportation costs far above the national average, along with steep state income and gasoline taxes. The Golden State is also home to many of the most expensive cities in the United States.
Living in paradise will cost you plenty. Thanks to the high cost of housing and shipping in pretty much everything else you’ll need, Hawaii consistently ranks as one of the most pricey places to live on earth—and the 11 percent income tax and nearly 47¢ gas tax don’t improve matters. Ready to give your wallet a break? These are the 15 least expensive states to live in.