What Are The Cheapest States To Live In 2024 Ranked

What Are The Cheapest States To Live In 2024 Ranked. The west and the northeast regions include the most expensive states to live in, while the south includes the most states ranking among the bottom 10 for cost of living. Alabama is currently the #1 cheapest state to live in for 2024 with an average home value of $216,564, cheapest homes rank of #10/50, overall affordability rank of #1/50, and total tax burden rank of #12/50.

We based our ranking of the 5 cheapest states to live in the us with the best quality of life on the prices of housing and renting and the average cost of living. Cities and spend just 19.56% of the median household income on housing, making it the best.