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When economists talk about The Cost of Living by State, they are usually referring to how much it costs to live in one state, as compared to how much it costs to live in another state.
Necessities like food, housing, utilities and transportation expenses are all considered when actuaries perform Cost of Living calculations.
The numbers shown below indicate a state's ranking, as compared to other states, in terms of cost of living (COL) during the second quarter of 2013. Lower numbers are better for cost of living.
The cost of living is generally
measured in terms of the average price paid for housing, utilities,
groceries, healthcare, transportation, and miscellaneous expenses.
The data shown below was compiled from collected stats found in the Federal Cost of Living Index, at the Bureau of Labor Statistics, and on various official economic websites pertaining to each individual state.
For the purpose of understanding this type of list, the national average cost of living is fixed at 100.
You can't tell exactly how much it costs to live somewhere, but you can see how much states deviate from the national average, and from each other.
States are listed alphabetically on this page.
For more United States demographics and other economic info, visit any of the links shown on this page.
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STATE COL (Q2-2013)
NEW HAMPSHIRE 120.2
NEW JERSEY 129.5
NEW MEXICO 92.5
NEW YORK 134.5
NORTH CAROLINA 95.6
NORTH DAKOTA 99.7
RHODE ISLAND 125.8
SOUTH CAROLINA 95.0
SOUTH DAKOTA 99.7
WEST VIRGINIA 96.6
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