10 Cheapest Places to Live in the US
The Cheapest State to Live In
If you're the type of gal who always wants to get more bang for her buck, listen up. recently crunched the numbers on how much stuff you canactually buy for 0, depending on where you live. The survey looked at all 50 states and the District of Columbia, comparing the cost of goods in each area to the national average prices.
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Want to live cheap? Head down to Ol' Miss. What they found: Cash’s “real” value is highest in Mississippi, where your pal Ben Franklin is worth 5.34, followed by Arkansas (4.29), Alabama (3.90), South Dakota (3.64), and West Virginia (2.49). His face value plummets in the District of Columbia (.67), Hawaii (.62), New York (.43), New Jersey (.34), and California (.97).
But how much spending power your moola packs isn’t just about how expensive the goods are in a particular state. It also has to do with the average incomes in that state. Some states, like Nebraska, have high average salaries without correspondingly high prices, so 0 will buy you way more Omaha Steaks. But other states, like California, have low average salaries and high prices. (Major bummer.)
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But what does that mean for you? Well, it could indicate that you’re actually richer (or, boo, poorer) than your base salary indicates, depending on where you live. As the Tax Foundation points out, you’d have to rake in ,000 a year after taxes in Washington, D.C., just to equal the purchasing power of a Mississippian netting $50,000. So, hey, if you're job hunting, planning to relocate, or just making , that's something to think about.
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