15 States to Live Comfortably - Cheapest State To Live In 2023

Steve Jennifer
Updated: April 24th 2023

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It is difficult to predict with certainty which states will be the cheapest to live in in 2023, as the cost of living can vary based on a number of factors, including the local economy, housing market, and the cost of goods and services.

That being said, some states tend to have a lower cost of living than others due to a variety of factors, including lower housing costs, lower taxes, and lower overall prices for goods and services.

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Iowa is a state located in the Midwestern United States, known for its diverse landscape, which includes forests, lakes, and rolling hills.

The cost of housing is generally lower in Iowa compared to the national average. The median home value in Iowa is around $162,000, which is significantly lower than the national median of $226,800. Rent is also relatively affordable, with the average two-bedroom apartment costing around $830 per month.

Ohio is a state located in the Midwestern United States, known for its diverse landscape, which includes forests, lakes, and rolling hills.

The cost of housing is generally lower in Ohio compared to the national average. The median home value in Ohio is around $162,000, which is significantly lower than the national median of $226,800. Rent is also relatively affordable, with the average two-bedroom apartment costing around $830 per month.

Nebraska is a state located in the Midwestern United States, known for its diverse landscape, which includes grasslands, forests, and rolling hills.

The cost of housing is generally lower in Nebraska compared to the national average. The median home value in Nebraska is around $165,000, which is significantly lower than the national median of $226,800. Rent is also relatively affordable, with the average two-bedroom apartment costing around $830 per month.

Kansas is a state located in the Midwestern United States, known for its diverse landscape, which includes grasslands, forests, and mountains.

The cost of housing is generally lower in Kansas compared to the national average. The median home value in Kansas is around $162,000, which is significantly lower than the national median of $226,800. Rent is also relatively affordable, with the average two-bedroom apartment costing around $830 per month.

Indiana is a state located in the Midwestern United States, known for its diverse landscape, including forests, lakes, and rolling hills.

The cost of housing is generally lower in Indiana compared to the national average. The median home value in Indiana is around $150,000, which is significantly lower than the national median of $226,800. Rent is also relatively affordable, with the average two-bedroom apartment costing around $830 per month.

Michigan is a state located in the Great Lakes region of the United States, known for its natural beauty, including the Great Lakes, forests, and rolling hills.

The cost of housing is generally lower in Michigan compared to the national average. The median home value in Michigan is around $169,000, which is significantly lower than the national median of $226,800. Rent is also relatively affordable, with the average two-bedroom apartment costing around $820 per month.

Tennessee is a state located in the southeastern United States, known for its natural beauty, including the Great Smoky Mountains, forests, and rivers.

The cost of housing is generally lower in Tennessee compared to the national average. The median home value in Tennessee is around $165,000, which is significantly lower than the national median of $226,800. Rent is also relatively affordable, with the average two-bedroom apartment costing around $820 per month.

South Dakota is a state located in the Midwestern United States, known for its natural beauty, including the Black Hills, prairies, and Great Plains.

The cost of housing is generally lower in South Dakota compared to the national average. The median home value in South Dakota is around $160,000, which is significantly lower than the national median of $226,800. Rent is also relatively affordable, with the average two-bedroom apartment costing around $820 per month.

West Virginia is a state located in the Appalachian region of the United States, known for its natural beauty, including forests, mountains, and rivers.

The cost of housing is generally lower in West Virginia compared to the national average. The median home value in West Virginia is around $126,000, which is significantly lower than the national median of $226,800. Rent is also relatively affordable, with the average two-bedroom apartment costing around $820 per month.

Alabama is a state located in the southeastern United States, known for its rich history, cultural heritage, and natural beauty.

The cost of housing is generally lower in Alabama compared to the national average. The median home value in Alabama is around $144,000, which is significantly lower than the national median of $226,800. Rent is also relatively affordable, with the average two-bedroom apartment costing around $820 per month.

Kentucky is a state located in the southeastern United States, known for its natural beauty, including the Appalachian Mountains, forests, and rolling hills.

The cost of housing is generally lower in Kentucky compared to the national average. The median home value in Kentucky is around $147,000, which is significantly lower than the national median of $226,800. Rent is also relatively affordable, with the average two-bedroom apartment costing around $820 per month.

Missouri is a state located in the Midwestern United States, known for its diverse landscape, which includes forests, mountains, and rolling hills.

The cost of housing is generally lower in Missouri compared to the national average. The median home value in Missouri is around $152,000, which is significantly lower than the national median of $226,800. Rent is also relatively affordable, with the average two-bedroom apartment costing around $810 per month.

Oklahoma is a state located in the southern central United States, known for its diverse landscape, including grasslands, forests, and mountains.

The cost of housing is generally lower in Oklahoma compared to the national average. The median home value in Oklahoma is around $124,000, which is significantly lower than the national median of $226,800. Rent is also relatively affordable, with the average two-bedroom apartment costing around $820 per month.

Arkansas is a state located in the southern United States, known for its natural beauty, outdoor recreation opportunities, and cultural attractions.

The cost of housing is generally lower in Arkansas compared to the national average. The median home value in Arkansas is around $128,000, which is significantly lower than the national median of $226,800. Rent is also relatively affordable, with the average two-bedroom apartment costing around $800 per month.

Mississippi is a state located in the southeastern United States. It is known for its rich history, cultural heritage, and natural beauty.

The cost of housing is generally lower in Mississippi compared to the national average. The median home value in Mississippi is around $121,000, which is significantly lower than the national median of $226,800. Rent is also relatively affordable, with the average two-bedroom apartment costing around $780 per month.