10 Least Expensive States to Live -- Is Yours on the List? (PHOTOS)

Liz Alterman | Oct 1, 2014 Home & Garden

least expensive state

If you've been considering a move that will allow you to get more for your money, keep reading! 

Wall St. Cheat Sheet has compiled a list of the 10 least expensive states to live in America

If you're looking for a big bang for your buck on everything from groceries to property taxes, take a look at which of our 50 nifty states tops the list. 

Check out our slideshow and then tell us: Would you consider moving if it lowered your cost of living?

 

Image ©iStock.com/jhorrocks

  • #10. Arkansas

    1

    Renting an apartment in Arkansas will set you back about $850 a month, while the median list price for a home is $143,000, according to Zillow. 

    Not only are properties affordable, you could also enjoy a cheap date night. Movies cost less than $9 per person, and the average dinner for two at a mid-level restaurant will run you approximately $30.

    More from The Stir: What a Million-Dollar Home Looks Like in 11 States (PHOTOS)

  • #9. Iowa

    2

    If you love the open countryside, consider a move to Hawkeye state. While pretty similar to Arkansas, Iowa's median list price for a home is $140,000. 

  • #8. Alabama

    3

    Living in the "heart of Dixie" is pretty reasonably priced. Statewide, the median monthly rent payment is $850. Homes can be found for $100,000 or less. Alabama's low property tax rate of .33 percent on average is another perk. 

  • #7. Nebraska

    4

    You can rent a home in Nebraska for $900 a month, and with any cash you have leftover, you can enjoy amenities like gym memberships and clothing at lower costs than in other areas of the country. 

  • #6. Kansas

    5

    If you've got a big family to feed, Kansas may be just the place for you! Staples such as milk, bread, and eggs are less expensive than in other states. You can also find homes here for under $100,000.

  • #5. Indiana

    6

    If you're thinking about setting down roots in the Hoosier state, you can rent a home for as little as $850 per month.

  • #4. Oklahoma

    7

    Home values average around $109,000 in the Sooner state. Property taxes, at .74 percent, are also fairly low.

  • #3. Kentucky

    8

    Home to that famous Derby, Kentucky boasts low costs of living, particularly when it comes to groceries and utilities. Renting a home costs an average of $850 per month.

  • #2. Tennessee

    9

    Fans of country music might want to consider Tennessee, home to the Grand Ole Opry, as a low-cost place to settle down. The Volunteer state features homes well-below $100,000, according to Zillow. Property taxes are low at .68 percent, making it hard to beat from an affordability standpoint.

  • #1. Mississippi

    10

    Low property taxes and equally modest home values are only part of the reason the Magnolia state tops the list. Affordable healthcare, utilities, and groceries contribute to the overall low cost of living in this southern state. 

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