These are the 10 cheapest states to buy a house in 2022—and Florida isn't one of them (2024)

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These are the 10 cheapest states to buy a house in 2022—and Florida isn't one of them? ›

Mississippi

Emerging as the most economical state, Mississippi boasts a cost of living index score of 86. It touts the lowest average housing costs in the country, standing at 33.7% below the national average, with a median single-family home priced around $140,818.

Mississippi

Emerging as the most economical state, Mississippi boasts a cost of living index score of 86. It touts the lowest average housing costs in the country, standing at 33.7% below the national average, with a median single-family home priced around $140,818.

The cheapest states to live in are Mississippi, Oklahoma, Kansas, Alabama, Georgia, Missouri, Iowa, Indiana, West Virginia, and Tennessee. Mississippi is the cheapest state to live in in the US, with a cost of living index of 85. The second cheapest state to live in is Oklahoma, with a cost of living index of 85.8.

The cost of living in Florida is 2% lower than the national average. Housing is same as the national average, while utilities are 2% lower. When it comes to basic necessities such as food and clothing, groceries are around 4% lower than in the rest of the country, while clothing costs 4% lower.

The Bottom Line. The cost of living in Florida is 1% higher than the national average. It is also home to some of the most expensive cities in America. However, if you want to shift to Florida, you can find affordable housing in cities like Lake City, Deltona, and Pensacola.

According to the Missouri Economic Research and Information Center, the lowest overall costs of living were found in Mississippi, Oklahoma, Kansas, Alabama, and West Virginia: Cheapest states to retire.

According to several studies on cost of living, Hawaii is the most expensive U.S. state to live in. Prices are typically double in Hawaii compared to those on the mainland, and the continued rise in inflation is making costs ranging from housing to health care much more expensive.

Hickory, North Carolina

Hickory residents enjoy a lower cost of living than those in the more populated parts of the state and spend just 18.95% of the median household income on housing, making it the Best Affordable Place to Live in the U.S. in 2023-2024.

In what state is everything cheap? ›

1. Mississippi. Coming in as the cheapest state to live in in the United States is Mississippi with a cost of living index score of 83.3. It also has the lowest average housing costs in the nation at 33.7% below the national average.

The most affordable U.S. state overall is Utah, in which the cost of living makes up 63.3% of average residents' income. Coming in second place is Tennessee, in which the cost of living makes up 63.7% of average income. Meanwhile, Arizona comes in third place, with cost of living making up 64.1% of average income.

1. Green Bay, Wis. Roughly 120 miles north of Milwaukee, Green Bay ranks as the most affordable city in our study. The median monthly rent in Green Bay, Wisconsin, was just $870 as of March 2023 — the 10th-lowest across all 223 cities.

Fort Wayne. City in Indiana, 909 Niche users give it an average review of 3.8 stars. Featured Review: Current Resident says I have lived in or around Fort Wayne for my entire life.

The affordability of housing in Texas is driven not just by the availability of land but also by a business-friendly environment and more affordable labor. This has had an obvious impact on building costs, which consequently helps make homes cheaper overall.

Hawaii is known for its beautiful beaches, warm climate, and breathtaking scenery. However, it is also the most expensive state to buy a house, with a Zillow Home Value Index of $834,582.

Vermont trailed them with a 73.7 percent rate. The East Coast also has the state with the lowest rate of homeownership in the country: New York, at 54.1 percent. On the opposite side of the country is the second-lowest rate in the nation: California's 55.8 percent.