It is no secret that in many parts of the United States, it is getting downright expensive to live. Unless you have the perfect job and the right setup, you may find it difficult to make it in some of these bigger cities and more expensive states, with many people struggling to make it paycheck to paycheck.
Living on a shoestring like that is no fun, and doesn’t leave you any room to budget or save money for the future. Unfortunately, the best choice for most people in these situations to find a cheaper place to live, and in many cases, that means finding a cheaper state to live in.
If this is a scenario you’re facing, you’re not alone. Every single year, more and more people are getting in touch with out of state movers and leaving the more expensive states in droves to find cheaper accommodations. How are they finding these cheaper places to live, however?
Here are some things you should be looking for when researching the state you’d like to move to, as well as some of the overall cheapest states to live in the country.
Look at the Cost of Living
If you currently reside in a place like San Francisco or New York City, then you’re already probably well acquainted with high costs of living. In many of these bigger cities, the cost of living can cost thousands more per month than it does in other states.
When you are thinking of your overall cost of living, consider your housing costs (rent or mortgage), as well as your cost of fuel and groceries, and other bills you pay every month. All of these things go into determining your monthly living expenses.
If you’re planning a move, research what all of these expenses look like in any city or state you think about moving to. You want to be able to compare the cost of living in this potential area to some of the available jobs and make sure you will be able to afford to live in this new area.
Look at Available Jobs
You should also be thinking about available jobs in any place you consider moving to. In many cities across the country where the cost of living is high, people are finding that there just aren’t enough well-paying jobs to go around. Many folks take what they can get and still find that they aren’t making enough money to meet all of their needs.
If you’re considering moving to a less expensive state, take a look at some of the available jobs in the state you’re considering moving to. Do you think you will be able to take on any of these jobs, and if so, does it look like this job will pay enough to cover your living expenses?
If you have found a place that looks like you will be able to afford it, as well as found potential jobs that line up with your previous experience, then you might have found a great place to think about moving to.
What Are the Least Expensive States in the Country to Call Home?
You’ll find several of the least expensive states in the country to live in may actually be some of the most desirable places in the country to live in, for some people. Many of the least expensive states in the country are located in the southern parts of the United States, where you’ll be able to experience all four seasons, enjoy some time in nature, and experience the famous “Southern hospitality.”
If any of that sounds good to you, then you might like pondering the idea of moving to one of these locations, which are each one of the cheapest states in the country to live in. For comparison’s sake, let’s take a look at the five cheapest states in the country to live in currently, and you can always expand your search after you’ve gotten a good idea of how much money you could potentially be saving each month.
Right now, the cheapest state to call home in the United States is the Magnolia State of Mississippi. When it comes to things like groceries and other personal necessities, you will find they are just as inexpensive as the other cheap states on this list.
The cost of groceries in Mississippi isn’t the most impressive part, though. The average cost of rent in the state is right around $795 per month, which also includes renting to own. Many other services are cheaper in Mississippi than any other state, as well. Things like childcare, healthcare, and more are noticeably cheaper in the Magnolia State.
In fact, currently, the cheapest town to call home in Mississippi is the town of Aberdeen.
If you love nature, then you might relish the thought of moving to one of the next most inexpensive states in the country to live in. Arkansas, also known by its nickname “The Natural State,” you’ll find grocery and fuel costs are about right on par with what they are in Mississippi, with an average rent or mortgage cost of about $708 per month.
Plenty of natural areas to put down roots, cheap housing and cheaper necessities, if you’re thinking about moving to Arkansas, then you’ll find that the Natural State will have plenty to offer you besides just how affordable it is.
West Virginia is the third cheapest state to call home in the nation, and the low cost of living alone is worth considering a move to the state. It used to be famous for its myriad of coal jobs, but those have pretty much disappeared into the ether. That doesn’t mean there aren’t other kinds of jobs available in West Virginia, however, and many people moving here will be pleased when they see the monthly price tag for rent.
For rent or mortgage expenses in the state of West Virginia, you can expect to pay about $690 a month for rent expenses in the state. You’ll also be pleased to see that other monthly expenses, such as groceries and fuel, are relatively on par with the other states on this list when it comes to how inexpensive they are compared to the rest of the country.
Tennessee is one of the other cheapest states in the country to live, so long as you aren’t planning on living in the city of Nashville (the “Country Music Capital of the World”). Taxes, groceries, fuel, healthcare, and the cost of housing (on average, $810 per month) are happily low in Tennessee, giving the people who plan to move there plenty of opportunities with their budgets.
The one thing to remember about Tennessee is that while it is indeed one of the cheapest places in the country to live, it is also more on the dangerous side than some of the other states. Memphis in particular is one of the places to be careful in, as it is rated one of the most dangerous of all the bigger cities in the United States.
South Dakota is the fifth most inexpensive state in the country to live in, with most families in the state living comfortably on around $4000 per month. In South Dakota, the average housing cost is about $1300 a month for rent or mortgage.
One of the things that people enjoy most about living in South Dakota isn’t the low cost of living, however. It’s the fact that South Dakota has the lowest taxes out of any other state in the country, and why is that? The fun fact here is that people in South Dakota don’t pay any income taxes.
What will you do with all that extra money you save from not paying income taxes? You’ll have plenty of possibilities to get creative with!
Frequently Asked Questions
Now that you know the five most least expensive states in the country to call home, you might have a few questions. Here are some frequent questions and their answers, so make sure you look to see if your question already has an answer:
Which state has the overall lowest cost of living?
That would be the number one cheapest state to live in across the whole nation: Mississippi. People who are currently residing in Mississippi not only enjoy being the most affordable when it comes to the overall cost of living, but they also have some of the cheapest housing and other necessities in the whole country, as well.
What city has the highest cost of living in the country?
When it comes to the most expensive city to live in the United States, the answer is easily New York City. NYC is not only one of the most expensive cities in the country, but in the world, as the cost of living in Manhattan alone is unbelievably 154% higher than the average of the rest of the nation.
What state has the best weather year-round?
If you’re looking for consistent, warmer weather, you’re probably going to be looking for a tropical climate. Keep in mind, however, that tropical states can sometimes be more expensive to live in, so you should do your research before making a final decision. With that in mind, the best year round weather will probably be found in California, Florida, Hawaii, Georgia, and Texas.
Should I Move to a Cheaper State?
If you are having a hard time in a more expensive state and don’t have anyone to help you out, then moving to a cheaper state may be one of your best options. You’ll find that some of these less expensive states have ample job opportunities, plenty of inexpensive housing to choose from, and you’ll enjoy some of the lowest cost of living in the country.
If any of this sounds good to you, then you should consider saving as much of your hard-earned money as possible by planning a move to one of these more inexpensive states today.