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With prices rising all across the U.S., many people in high-cost states are considering relocations. By moving to a state with a lower cost of living, it’s potentially easier to make ends meet. That’s especially true for remote workers in good positions that can take their jobs with them, as they won’t have to find new employment. If you’re looking for inexpensive places to live in the U.S. in 2023, here’s a look at the five states with the lowest overall cost of living.
5 Inexpensive Places to Live in the U.S. in 2023
1. Mississippi
Overall, the state with the lowest cost of living is Mississippi. As a result, it’s relatively easy to live comfortably without breaking the bank. Housing is very affordable compared to many other states, both for renters and homeowners. Plus, utilities and grocery prices are manageable. While healthcare isn’t necessarily cheap, those prices are also a bit below the national average.
2. Oklahoma
Oklahoma is a very affordable state overall. Housing for buyers and renters is incredibly reasonable, and you won’t spend a bundle on transportation costs. Plus, healthcare is a bit cheaper than in many other areas, and groceries and utilities all cost less than the national average.
3. Alabama
In Alabama, housing is a bargain for renters and buyers alike. Healthcare costs are also surprisingly low when compared to other states, which is potentially good news for retirees or those with long-term health conditions. Transportation is also cheaper in Alabama than in most other areas. While groceries and utilities are closer to the national average, the savings in other categories can make that manageable.
4. Kansas
Another state with low-cost housing is Kansas. Groceries also cost a bit less in this state, increasing the overall affordability. Transportation and utilities are closer to the national average, which isn’t necessarily unmanageable. Healthcare prices are near the national average, though that won’t typically bust your budget since the costs in other categories are generally lower.
5. Iowa
Iowa is another state with a low overall cost of living. Housing is remarkably inexpensive when compared to other parts of the country. Groceries, utilities, transportation, and healthcare are all below the national average, too. As a result, your money goes further in Iowa.
Can you think of any other inexpensive places to live in the U.S. in 2023 that others should consider? Do you live in one of the states above and want to tell others what it’s like? Do you have tips that can make any area more affordable? Share your thoughts in the comments below.
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Image and article originally from www.savingadvice.com. Read the original article here.