If you’re thinking of moving, you’ll want to check out this list of the 10 cheapest states to live in. Whether you’re looking for a low cost of living or affordable housing ie. some cheap places to live, you’ll find what you’re looking for in one of these states. So, without further ado, here are the 10 cheapest states to live in.

Are you thinking of moving to a new state this year? If the cost of living is a major factor in your decision, you’ll want to know which states are the most affordable. Here are the 10 cheapest states to live in, based on the cost of housing, food, transportation, and other essentials.

10 Cheapest States to Live in 2022

1. Arkansas

Arkansas is one of the cheapest states to live in, and it’s also a great place to call home. With its low cost of living and its lively culture, Arkansas is a great place to settle down. The state has a diverse economy, with opportunities for industries ranging from agriculture to manufacturing. And with its central location, Arkansas is a great place to set up shop for businesses that serve the surrounding region. Plus, Arkansas is a great place for outdoor enthusiasts, with its many parks and recreation areas. So whether you’re looking for a place to raise a family or a place to start your business, Arkansas is a great option.

2. Ohio

Ohio is often ranked as one of the cheapest states to live in, and it’s easy to see why. The cost of living is relatively low, and there are plenty of opportunities for bargain shopping. From thrift stores to outlet malls, Ohio has something for everyone who loves a good deal. But Ohio is about more than just cheap prices.

The state is home to a diverse range of attractions, from amusement parks to museums to professional sports teams. And let’s not forget the food! Ohio is famous for its comfort food, and there are plenty of opportunities to enjoy a hearty meal. Whether you’re looking for a cheap place to live or an exciting destination for a weekend getaway, Ohio is worth checking out.

3. Wisconsin

Referred to as America’s Dairyland, Wisconsin is one of the leading producers of milk, butter, and cheese. It’s also the home of several major food companies, including Oscar Mayer, Kraft Foods, and Nestle. But Wisconsin isn’t all about food. The state is also known for its beautiful scenery, with over 15,000 lakes and nearly 2 million acres of forest land.

Wisconsin is also a great place to live if you’re on a budget. According to Kiplinger magazine, the state has the fifth-lowest cost of living in the United States. So if you’re looking for a place to call home that won’t break the bank, Wisconsin should definitely be at the top of your list.

4. Michigan

Michigan is one of the Cheapest States to Live in. The cost of living in Michigan is relatively low, and the state offers a number of discounts and tax breaks that can save residents even more money. In addition, Michigan’s economy is strong, and the state is home to a number of major corporations that offer good jobs and competitive wages. As a result, Michigan is an attractive place to live for people who are looking to save money.

The state also has a lot to offer in terms of recreation and entertainment, and its cities are vibrant and exciting places to live. Whether you’re looking for a place to call home or just want to save some money, Michigan is definitely worth considering. Thanks for reading!

5. Indiana

It’s no secret that the cost of living in Indiana is relatively low compared to other states. In fact, a recent study named it the 9th cheapest state to live in. But what makes Indiana so affordable? For starters, housing costs are relatively low. According to Zillow, the median home value in Indiana is just over $100,000. That’s about 30% below the national median. Additionally, utility costs are also quite reasonable.

The average monthly electricity bill in Indiana is just $107, which is quite a bit lower than the national average of $131. When you add it all up, it’s easy to see why Indiana is such an affordable place to live. Cheaper housing and utilities make a big difference in the cost of living, and that’s good news for Hoosier families.

6. Kentucky

Kentucky is one of the Cheapest States to Live in, with a cost of living that is nearly 10% below the national average. The state’s housing costs are especially low, with the median rent for a two-bedroom apartment coming in at just $765 per month. And for those looking to purchase a home, the median price is a relatively affordable $148,000. Kentucky’s low cost of living is due in part to its relatively low taxes.

The state has no sales tax on food or prescription drugs, and it also offers a number of property tax breaks for senior citizens and veterans. In addition, Kentucky has a fairly moderate climate, with average highs in the mid-70s and lows in the 50s throughout much of the year. All of these factors make Kentucky an appealing option for those who are looking for an affordable place to live.

7. Missouri

Missouri is the 18th most populous state in the US, with over 6 million residents. It’s also one of the cheapest states to live in, with a cost of living that’s nearly 10% below the national average. Missouri is a great place to call home if you’re looking for affordable housing, quality schools, and plenty of things to do. The state is home to two major cities, Kansas City and St. Louis, as well as a number of smaller towns and communities.

Missouri is known for its diverse landscape, which includes the Ozarks, the Mississippi River, and rolling hills. Whether you’re looking for an urban or rural setting, Missouri has something to offer. And with its low cost of living, you can enjoy all that the state has to offer without breaking the bank. So why not give Missouri a try? You just might find that it’s the perfect place to call home.

8. Pennsylvania

Did you know that Pennsylvania is one of the cheapest states to live in? That’s right – according to a recent study, the average cost of living in Pennsylvania is significantly lower than the national average. And when you factor in the state’s low taxes and plentiful job opportunities, it’s no wonder that so many people are flocking to Pennsylvania.

Of course, Pennsylvania has more to offer than just low prices. The state is also home to some of the most beautiful scenery in the country, from the rolling hills of the Allegheny Plateau to the majestic peaks of the Appalachian Mountains. So whether you’re looking for a bargain or a breathtaking view, Pennsylvania is sure to have what you’re looking for.

9. Texas

Texas is one of the Cheapest States to Live in the US. It’s a great place to live if you’re looking for a low cost of living and plenty of job opportunities. The state has a diverse economy, with a strong focus on agriculture, energy, manufacturing, and technology. Texas is also home to a number of major cities, including Houston, San Antonio, Dallas, and Austin.

As a result, there’s something for everyone in Texas. In addition to being one of the Cheapest States to Live in the US, Texas is also a great place to work. The state has a number of major industries, including agriculture, energy, manufacturing, and technology. As a result, there are plenty of job opportunities for those looking for work in Texas. If you’re looking for a great place to live and work, Texas is a great option. 

10. Iowa

If you’re looking for a cheap place to live, Iowa is a great option. According to a recent study, it is one of the Cheapest States to Live in. The cost of living in Iowa is well below the national average, and the state offers a variety of affordable housing options. In addition, Iowa has a strong economy, with low unemployment and plenty of job opportunities. And if you’re looking for things to do, you’ll find no shortage of activities in Iowa.

There are plenty of parks and museums to explore, and the state is home to a variety of festivals and events. So whether you’re looking for a cheap place to live or just a great place to visit, Iowa is definitely worth considering.

Conclusion

If you’re looking for a cheap place to live, these 10 states are your best bet. Of course, there are plenty of other great places to live that didn’t make this list – each state has its own unique benefits and drawbacks. But if you want to stretch your dollar as far as it will go, take a look at the states we’ve highlighted here. Do you agree with our choices? What would you like to add or remove from the list? Let us know in the comments below!

Next Read: 11 NEW CHEAP DINNER IDEAS TO HELP YOU SAVE MONEY ON FOOD

cheap places to live life personal finance save money

Abhishek Sachdeva