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Cost of living by state. Every year, the Council for Community & Economic Research (C2ER) publishes a report that details the cost of living by state. The ranking is based on a price index that is ...
The Bureau of Economic Analysis has calculated that the regional price parity of U.S. states ranges from 84.4 in Mississippi (the cheapest state in which to live) to Hawaii at 119.3 (the most expensive state). In other words, an income of $0.84 in Mississippi equals an income of $1.19 in Hawaii with the U.S as a whole having an average PCPI of ...
Colorado. Total annual expenditures: $76,688. In Colorado, the cost of living is 5.1% above the national average, but there are some variations in the state between the categories. Housing costs ...
Hawaii was the state with the highest cost of living in the U.S. for 2023, according to research by the Missouri Economic Research and Information Center. Oklahoma had the lowest.
In 2006, median income was $43,318 per household ($26,000 per household member) [1] with 42% of households having two income earners. [46] Meanwhile, the median income of the average American age 25+ was roughly $32,000 [2] ($39,000 if only counting those employed full-time between the ages of 25 and 64) in 2005. [3]
The Bureau of Economic Analysis has calculated that the regional price parity in 2019 of the 50 largest MSAs ranges from 88.3 in Birmingham, Alabama (which has the lowest cost of living of the 50 most populous MSAs) to 126.7 in San Jose, California (the highest cost of living of the 50 most populous MSAs). An income of $0.88 in Birmingham ...
Adding the average mortgage to the average expenditure cost gives the total monthly cost of living for each state. The states were sorted to show the cheapest to the most expensive. All data was ...
As a result of the higher cost of living, 37% of Americans said they can't save money each month, while 36% said they can't save specifically for retirement. More than a quarter reported not being ...
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