Top 10 Cheapest States to Live in 2023
Today I’m going to mention you the states with the lowest cost living in 2023.
Life here in the United States is somewhat moving towards normality and a post-pandemic life may actually be in sight. We’re also starting to realize how bad the economy is damaged. Life in 2023 and beyond might be considerably different from before the pandemic.
State to state migration has picked up steam and people are starting to research where their next home state might be. After jobs people research cost of living and cost to housing another one that is important but not often looked at is the cost of groceries. It does vary state to state a lot in some cases in this list we’ll include all three of those things.
The cost living index is based on the U.S.A. average of 100. Any amount below 100 means that the cost is below the nation’s average and any amount above means the cost is higher than the nation’s average. It’s that easy easiest way to understand. Let’s say Virginia is average if it costs a dollar a pound for flour in Virginia. It costs 93 cents in Louisiana because they have a grocery index of 93.
Simple, all these stats are from the U.S.A. bureau of labor and statistics.
Let’s see what we found:
List of What You Read
Indiana:
Indiana is a state, I think will become more popular in life after co-vid. They have more than enough small towns with good internet and a low-cost living that should draw remote workers in. If you’re retiring and just want to kick back and relax and you don’t mind a little cold, the Hoosier state might be a good option.
Keep in mind, Indiana parts of south bend and parts of Indianapolis are not good options. If anyone suggests that you move to any of those cities, they aren’t your friend and un-friend them. The cost living index in Indiana is 90.4, grocery cost index is 92.3 and housing costs index is 76.5. That’s not bad.
Tennessee:
Tennessee is where you go when you want a little of the big city feel but you want to live near the country, you know not too far away from rural areas that’s easy to do in Tennessee. Other than Memphis, there aren’t a lot of terrible places to live in the volunteer state.
Knoxville – TennesseeBut according to one guy named Marty whose from Memphis says, there’s nothing wrong with Memphis and I should be arrested for lying and frauding. Tennessee spelt it f-r-a-d-i-n-g. I replied back with how as Tennessee defrauded, he replied with who’s defrauded. I’m talking about you.
It was that point I realized if I continued interacting with him, I would just become dumber. 2 days later I got an email back from him. After not responding, he said I didn’t think you’d have anything to say. I’m at a loss people; I am totally at a loss for this dude.
Anyway moving on the cost living index in Tennessee is 90.2, the grocery cost index is 94.5 and housing is really low at 82.6. That is not bad. Taxes in Tennessee are very low. so that helps out, there’s no state income tax and food costs are very low like I’d said.
Cities like Morristown have an average cost of living that’s 13 percent lower than the national average. It’s a great time to live in Tennessee.
New Mexico:
New Mexico has a bunch of problems. Poverty and crime are what would be considered major problems here. That in part is why the state is so inexpensive. New Mexico is always in the top 10 when it comes to poverty and that doesn’t mean you can’t find nice places to live.
You have places that are nice and a little expensive, like white rock and Los Alamos. to places like Lovington and Hobbes that have a really low cost of living and a little more crime than they need to have. Now when I say crime, I’m not talking bad side of Detroit or south side Chicago crime. This is New Mexico crime, it’s not the best but it’s not crazy.
The cost of living index is 89.6 grocery cost index is 99.0 and housing is 80.4. One other thing about New Mexico it has some of the lowest utility costs in the country.
Alabama:
The yellow hammer state is starting to show signs of life. Since 2018, they have started to see an increase in younger workers. Mostly on the tech side of things with new college grads. Smart people are moving to Alabama whoever saw that one coming. Normally you were smart if you didn’t move to Alabama.
But the tech people are moving Alabama sort of destroying that old stereotype about Alabama that gave us great jokes like, “what do you call 23 John Deere tractors at a dairy queen?” “Prom night in Alabama”. Alabama’s got some spots you don’t want to live in but they also have some really nice areas.
Madison- Alabama’s nice Hoover, Alabama Homewood, Chelsea Alabama.
These are all really nice places that you know they can get expensive but then you have some places that are still decent. Like Helena, Spanish, fort mobile, they’re decent you know, not perfect.
The cost living index in Alabama is 89.4, grocery costs are 95.1 and housing get this 70.2, so just a refresher that means with a 70.2 housing cost index, an apartment in Virginia that costs a thousand dollars only cost 700 in Alabama, not bad.
Georgia:
Georgia is an inexpensive state to live in and would really shine if you took Atlanta out of the equation. Land is expensive in general the entire state is inexpensive but Atlanta is a little different. You have beautiful cities here like savannah that aren’t crazy expensive.
If you look at savannah and you see down by their waterfront and all that it’s a beautiful historic city and you think this place is expensive. It’s really not. Georgia’s another state with great places to move for remote workers. The median rent price in Georgia is cheaper than the rest of the country. The cost living index is 89.4; the grocery cost of index is 99.0. So it’s almost even and the housing is 71.3.