Wednesday, November 14, 2018

10 Least Affordable States


The most expensive places to live in America, 2017

There are some places in America where you can expect to pay a premium on everything — from food to your fuel bill. Out-of-control living expenses in some of these places may make it difficult for you and your family to enjoy the best possible quality of life.

Each year, as part of CNBC’s exclusive America’s Top States for Business study, we consider Cost of Living as one of our key categories of competitiveness. That is because companies seeking to recruit the best possible workforce know that low costs can be a great way to attract talent. We rank all 50 states based on an index of basic items including average home and food prices, monthly energy bills and health costs. That gives us not only the cheapest states to live in but also the most expensive ones.

Here are the 10 states that will cost you the most, along with prices for some basic items in each state’s most expensive area.

(Price data is based on the 2017 Annual Average Cost of Living Index by the Council for Community and Economic Research, C2ER.)

The highest cost of living state is Hawaii. Average home price is $1,044,062
California average home price is $1,182,092. Rent can run $4000 per month.
Massachusetts average home price is $604,205.
New York average home price is $1,739,037
Alaska average home price is $509,408.
Oregon average home price is $507,368. Average 2 bedroom apartment rent is $2500 per month
Maryland average home price is $746,332.
Connecticut average home price is $681,279.
Rhode Island average home price is $435,485. Average rent is $1,700 per month.
New Jersey average home price is $555,231.


Norb Leahy, Dunwoody GA Tea Party Leader

No comments: