Mississippi has the lowest cost of living in the United States. With a cost-of-living index of 83.3, expenditures are almost 17% lower than the national average. When it comes to cheap living, the best places to settle down are mostly south of the Mason-Dixon line. Texas, Tennessee and Alabama are just a few of the states that appear multiple times on our list of the cheapest United States.
Mississippi is the cheapest place to live in the United States, with a cost of living 16.7% lower than the national average. It also has the cheapest transportation on our countdown. These are 10 of the cheapest cities to live in in the world. These cities are brimming with culture, history, entertainment, and more.
You can settle in any of these cities for a few months and enjoy life in a new country, without spending a fortune.
Regardless of where you live, the cost of living can often be a problem. There are many different factors that play into this. Some places have higher costs of living than others. There are ways to find the cheapest place to live and the best deal. This article will explore some of the things you need to consider.
Mississippi
Despite its name, Mississippi is a very affordable state, and the cost of living here is not as expensive as most other states. In fact, according to CNBC, the state is one of the cheapest places to live in the country.
The state has some of the lowest property tax rates in the U.S., and a low state sales tax of 7%. It also has one of the lowest tobacco taxes of all the states.
The typical home in Mississippi is worth just over $114,500. This is slightly less than the national median value of $190,400. The average household earns just over $50,000 per year. The state has a low poverty rate, and a lot of people own their homes, including the utilities.
Alabama
Whether you are looking for a new job or simply want to live closer to family, Alabama has one of the lowest cost of living in the country. The state is also home to some of the top universities and colleges in the nation.
Located in the southeastern portion of the United States, Alabama borders Georgia and Florida. It is known for its beautiful forests, gulf shores and beaches. The climate in Alabama is relatively mild and sunny, making it a popular place to live.
According to the Bureau of Economic Analysis, the average cost of living in Alabama is $35,859 a year. The average price of a home in the state is $178,649. This is about $67,700 less than the national median home value of $352,800.
Oklahoma
Located in the south central United States, Oklahoma is one of the cheapest places to live in the country. The state boasts low housing costs, high employment rates, and a wide variety of industries.
The Bureau of Economic Analysis recently released their latest data, revealing that the average cost of living in Oklahoma is $34,533 per year. Although the state does not have the highest average income, the median household cost is a tad higher than the national average.
The cost of living in Oklahoma is based on a few factors, including healthcare, transportation, food, and real estate. For instance, the average motorist drives 12,562 miles a year.
Kansas
Compared to the rest of the country, Kansas is one of the cheapest states to live in. It's cheaper than places like Oklahoma City, Houston, and San Francisco.
The cost of living index is a measure of how much money it costs to live in a particular location. It takes into account housing, food, utilities, and healthcare. The higher a state's index, the more expensive it is. When the index is below 100, it indicates that a place is cheap to live in. When it is above 100, it means that a place is expensive to live in.
Florida
Whether you're looking to retire, travel or stay in a city, there are a few places in Florida that have some of the lowest cost of living. In fact, according to the Council for Community and Economic Research's Cost of Living Index, some areas in Florida have lower prices than other states.
One of the best things about Florida is its affordable housing options. While prices in some touristy areas can be high, there are still many areas of the state that offer affordable housing.
A number of factors contribute to the cost of living in Florida. For instance, housing costs account for about 34.9% of a household's expenses. The Bureau of Economic Analysis calculated the average total personal consumption cost in Florida at $43,615 per year.
Leiria, Portugal
Compared to many Western European countries, Portugal has one of the lowest cost of living. But this does not mean that you are left with low quality of life. On the contrary, the country offers a number of attractions and activities.
Whether you are on a budget or on a larger budget, Portugal is an ideal place to live. Besides, Portugal is the perfect choice for retirees on a tight budget.
Leiria, Portugal is an affordable city for an average family from around the world. The monthly cost of living in Leiria, Portugal is $1,109. This includes rent, utilities and other costs.
Booneville, Virginia
Among all the affordable cities in the United States, Booneville, Virginia has the lowest cost of living. This is because its housing costs are likely to fall below the national average.
If you are looking to live in an affordable city, you might be able to get a better deal by working with a real estate agent. Top real estate agents know the market and will be able to negotiate for you. They can also help you find jobs in the area.
The cost of living in Booneville is low, but it's not the only reason you should consider moving there. The town is known for its charm and family-friendly atmosphere.
Leave Message