Although Mississippi is dubbed the cheapest state to live in overall, Arkansas residents spend the least on housing, the analysis revealed. The average resident spends about $708 per month on rent or mortgages and the median home cost is $128,800.
Contents
Is it expensive to live in Mississippi?
Mississippi has the lowest cost out of living of all 50 states. Mississippi’s cost of living index is 84.8. At a housing index of 66.7, Mississippi has the lowest housing costs in the country, with the average home price at $128,000 ad the average rent for a two-bedroom apartment at $795 per month.
How much does it cost to live comfortably in Arkansas?
An amount below 100 means Arkansas is cheaper than the US average. A cost of living index above 100 means Arkansas, Arkansas is more expensive.
Arkansas cost of living is 79.0.
| COST OF LIVING | Arkansas | United States |
|---|---|---|
| Health | 86.5 | 100 |
| Housing | 55.7 | 100 |
| Median Home Cost | $145,300 | $291,700 |
| Utilities | 95.6 | 100 |
Is Arkansas a cheap state?
Arkansas is known for its great BBQ, fried catfish, some pretty nice people, and super great, super affordable places to live.Arkansas is below the national unemployment rate at 3.7%. They have six Fortune 500 companies that help keep the Natural State employed and affordable.
Why is the cost of living so low in Mississippi?
Land availability, low rent prices and access to the Gulf and highways for shipping make Mississippi the least expensive place to live in the U.S., Cole said. According to Cole, rent prices in Mississippi are 37 percent lower than the other 49 states.
What is the cheapest state to live in 2021?
Cheapest States To Live in 2021
- Mississippi. Cost of Living Index: 84.8 Grocery Cost Index: 93.1.
- Oklahoma. Cost of Living Index: 86.8 Grocery Cost Index: 94.1.
- Arkansas. Cost of Living Index: 87.8 Grocery Cost Index: 90.7.
- Kansas.
- Missouri.
- Georgia.
- Alabama.
- New Mexico.
Which East Coast state is the cheapest to live in?
New Haven, Connecticut. US News lists their picks for the most affordable places to live on the East Coast and they start with New Haven. This city is a metropolitan area with a population of over 859,000. It offers all of the amenities of a big city, but the median home price is a low $206,942.
Why are homes so cheap in Arkansas?
Real Estate Prices in Arkansas
Home prices are very affordable in Arkansas when compared to other states. Over the last year, due to lack of available inventory home prices have gone up.
How much is a gallon of milk in Arkansas?
For many milk is a grocery staple. However, depending upon where you live, the cost can fluctuate dramatically. According to the USDA, the average gallon of whole milk is $3.59 a gallon.
Average Price Of Milk In Every State.
| State | Cost |
|---|---|
| Alabama | $3.75 |
| Alaska | $3.78 |
| Arizona | $1.98 |
| Arkansas | $2.99 |
How much money do I need to make to live in Arkansas?
Typical Expenses
| 1 ADULT | ||
|---|---|---|
| 0 Children | 1 Child | |
| Required annual income after taxes | $22,136 | $46,422 |
| Annual taxes | $5,517 | $12,303 |
| Required annual income before taxes | $27,652 | $58,725 |
What is the safest and cheapest state to live in?
10 best states to live in, based on cost, safety and quality of life
- New York. Total score: 61.63.
- Idaho. Total score: 61.16.
- Minnesota. Total score: 60.97.
- Wisconsin. Total score: 60.94.
- Utah. Total score: 59.84.
- New Hampshire. Total score: 59.59.
- Iowa. Total score: 59.49.
- Pennsylvania. Total score: 59.21.
What is the cheapest state to buy a house?
- Mississippi. Mississippi is the cheapest state to buy a home in with a median home value of $114,500.
- West Virginia. West Virginia is the second-cheapest state to buy a home.
- Arkansas. Arkansas’s median home value is about $123,300, the third-lowest in the country.
- Oklahoma.
- Kentucky.
- Indiana.
- Alabama.
- Ohio.
Where is the cheapest and safest place to live?
America’s Safest (and Most Affordable) Places to Live
- Aurora, Illinois.
- Killeen, Texas.
- Lubbock, Texas.
- Boise, Idaho. Metro area: Boise City-Nampa.
- Edmond, Oklahoma. Metro area: Oklahoma City.
- Fort Wayne, Indiana. Metro area: Fort Wayne.
- El Paso, Texas. Metro area: El Paso.
- Brownsville, Texas. Metro area: Brownsville-Harlingen.
How much money do you need to live comfortably in Mississippi?
The median necessary living wage across the entire US is $67,690. The state with the lowest annual living wage is Mississippi, with $58,321.
What are the bad things about Mississippi?
The study noted four key factors in Mississippi’s rank as the worst state in the nation:
- 10-year population growth: 6.0 percent (13th lowest)
- Unemployment rate: 7.8 percent (highest)
- Poverty rate: 21.5 percent (highest)
- Life expectancy at birth: 75 years (the lowest)
How much do utilities cost per month in Mississippi?
Mississippi State cost of living is 101.7
| COST OF LIVING | Mississippi State | Mississippi |
|---|---|---|
| Median Home Cost | $310,200 | $141,900 |
| Utilities | 97.1 | 97.1 |
| Transportation | 68.8 | 83.4 |
| Miscellaneous | 94 | 93.1 |
Is Mississippi a good state to live in?
Mississippi is a wonderful place to live. The state is filled with amazing cities that have topped national lists for things like livability, safety, job growth, and more.From beautiful scenery to amenities that can’t be beat, here are some of the best places to reside in Mississippi.
Where can you live for 500 a month?
5 Places to Retire for Under $500 per Month
- Leon, Nicaragua.
- Medellin, Colombia.
- Las Tablas, Panama.
- Chiang Mai, Thailand.
- Languedoc-Roussillon, France.
- Kathleen Peddicord is the founder of the Live and Invest Overseas publishing group.
What is the cheapest and warmest state to live in?
If you’re looking to stay within the confines of the United States and find a place that’s cheap and warm, your best bets would be southern Georgia, Alabama, Mississippi or Louisiana, all areas in the deep south that are substantially cheaper than Florida.
What is the cheapest coastal city to live in?
Searching for a beach home? These are the top 10 most affordable towns
- Atlantic City, New Jersey. Highlight: For those who love the boardwalk and casinos.
- Myrtle Beach, South Carolina.
- Daytona Beach, Florida.
- Rockland, Maine.
- Swansboro, North Carolina.
- Chincoteague Island, Virginia.
- Long Beach, Washington.
- Matagorda, Texas.
What is the best state to live in financially?
Full Ranking of All 50 States
| Rank | State | Median Income |
|---|---|---|
| 1 | Wyoming | $40,240 |
| 2 | Washington | $46,100 |
| 3 | Texas | $37,100 |
| 4 | Minnesota | $42,630 |
