This sleeper state also comes in ninth place on WalletHubs list of best states to live in, the highest ranked by far on our list of cheapest states due to its strong economy and education system. THIS IS AN ADVERTISEMENT AND NOT EDITORIAL CONTENT. Barron's rated Idaho number one state in the nation for creditworthiness. {{ tocState.toggleTocShowMore ? Round Rock's weather, public schools and high employment rate and job and business growth make it one of the best places to live in America. Only 5% of Iowans are uninsured, according to United Health Foundation data. Our county, as a whole, is one of the fastest growing counties in the nation and our community has turned into a regional center for jobs, says Gil Staley, CEO of The Woodlands Area Economic Development Partnership. Alaska was the lone state to be ranked in the . A maximum score of 150 was possible. Arkansas. All Rights Reserved. The Evergreen State also boasts the fourth-highest average earnings for millennials, based on data from the Bureau of Labor Statistics, helping it rank third in the economic health category. West Virginia 10. The state has one of the highest levels of renewable energy use. 43 Alabama, No. Plus, half the respondents in the latest survey of the CNBC Global CFO Council agreed that it is important to do business in a state where the laws are as open and inclusive as possible. 3 in licensed childcare facilities per capita. Its urban-suburban mix includes good public schools, affordable housing, plenty of outdoor activities and a nightlife largely centered around the students and grads of University of Wisconsin-Madison. The wealthy Chicago suburb ranks asthe best city to raise a family in America. The densely suburban city with quaint local businesses is about 20 miles north of Austin. Mississippi ranks as the cheapest state to live in [+] 2022. The median cost for a single family home in Georgia is $246,272. The Woodlands offer scenic nature preserves, a waterway trolley, a huge mall with lots of stores, and many restaurants. 1: Therefore, my brothers, you whom I love and long for, my joy and crown, that is how you should stand firm in the Lord, dear friends!. Idaho; Score: 58.73 5. This shouldnt be particularly surprising, but housing costs are more than just home prices and mortgage payments; property taxes and homeowners insurance must be paid for as well. The platform is designed to engage citizens and. If youre set in stone and looking to move states youll want to consider a reliable moving company, Forbes published a list of the top rated moving companies as a great place to kick-start your research. The median cost for a home in Oklahoma is $151,469. Best Places to Live 2021-2022 Rank: 102. This is a BETA experience. A Division of NBCUniversal. Of course, this number is just the average and can vary, but by using this as the baseline for comparison we are able to understand just how much the cost will vary state to state. These are the top 10 best cities to live, according to Niches report. Due to its high number of job-seeking students and recent grads, Boston is also one of the best cities for young professionals in America. Unlike many states on this list, Iowa has a poverty rate that is lower than the national average at 11%. 2022 Life, Health & Inclusion Score: 232 out of 325 points (Top States Grade: B) Strengths:. Irvine also has some of the best public schoolsin the country. The city's rent prices and high employment rate attract many young professionals to the area. Massachusetts also scored the third-highest on average earnings for millennials. Below are the five cheapest states to live in 2022, according to the study: Its important to note, again, that a variety of factors go into creating the least expensive states to live in. The western Pennsylvania city ranks highly as a place for young professionals to plant roots. For the past several years, we have also considered inclusiveness of state laws in areas like protections against discrimination and voting rights. Florida has seen consistent gains in the rankings, having placed 13th in 2019 and 24th in 2017. The legendary Mayo Clinic is based in Rochester, but that is just one component of one of the best health care environments in the country. Florida leads the nation in offering low-cost schooling with high graduating rates and low post-school debt loads. 1 and No. Arlington is highly rated for its good public schools, nightlife and for being commute-friendly, thanks to its accessible public transportation. So where are the bestand most affordableplaces to live in America? At the other end of the. Bellevue ranks as one of the best suburbs in Washington state. Which leads us to the last factor, location. Alexandria, a America's No. The area is also home to the NBA's Utah Jazz and a "Real Housewives" franchise. The city also has some of thebest public schoolsin the country, plus affordable home prices and a high employment rate. Get expert advice on your home, design tips, how much to pay for pros and hiring experts, delivered to you daily. California is the seventh-most liberal state in the United States. A major Huntsville attraction is the U.S. Space & Rocket Center, where visitors can see replicas of rockets and learn about outer space. Tourists take in a sunset over the Seattle, WA skyline. The increasing pressure of inflation on the American economy, and household, is making cost of living an even greater issue than it had already been. A survey commissioned by the state of more than 2,000 North Dakotans last year found that 74% agree that addiction is a disease rather than a choice, up from 63% in 2018. Nevada 49. Massachusetts also does well across lifestyle metrics. 1 least expensive state to live in, driven by not just low housing costs, but also cheaper itemized costs of living, such as groceries, transportation, and healthcare. Raleigh is home to art and science museums, many outdoor activities and a bustling nightlife. The mix of urban and suburban life in Gainesville is a hit with families and young professionals. Massachusetts - 62.65 New Jersey - 62.01 New York - 60.64 Idaho - 58.73 Virginia - 58.73 New Hampshire - 58.25 Florida - 58.07. That is one of the best ratios in the country. Youre scrolling along looking at all the big, beautiful homes you could buy for so little money if only you moved to this tiny town youve never heard of. Alabama the beautiful comes in third for overall lowest cost of living with a 87.9 cost of living index score. Heres a look at some of the findings that stood out the most when it comes to the cheapest states to live in and most expensive states to live in the U.S. A big driver of high cost of living is monthly housing costs. West Virginia and New Mexico both ranked in the bottom five of average earnings for millennials, and both were bottom-five in rates of millennial unemployment. This study analyzed all 50 states across 11 different, relevant factors, including various cost of living indices for everyday expenditures like transportation, groceries, and healthcare, to larger, monthly, and annual expenditures like monthly rent, mortgage payments, property, and sales taxes. Austin is also a cultural hub. Uprooting your life for a cheap house may not be the wisest move, but that doesnt mean you shouldnt consider your options for more budget-friendly states. Oklahoma 5. Feng Wei Photography | Moment | Getty Images. Utah's capital city ranks highly for its family-friendly atmosphere, thanks in part to its well-liked public schools. The remaining top ten best states to live in are Minnesota at two, followed by Utah, New Hampshire, Idaho, Nebraska, Virginia, Wisconsin, Massachusetts, and Florida. The political hotbed of America is also home to many historic museums and monuments, and has outdoor activities such as farmers markets and music festivals. Jenny Goff, right, reaches out to a child at Central Park Child Care Center in Vancouver, Washington. The District of Columbia already has the country's highest concentration of millennial residents, and perhaps correspondingly scored highly in both the education and health categories. Sign up now: Get smarter about your money and career with our weekly newsletter, Meet the middle-aged millennial: Homeowner, debt-burdened and turning 40, Millennials have been moving out of big cities here's where they are going, Get Make It newsletters delivered to your inbox, Learn more about the world of CNBC Make It, 2023 CNBC LLC. That's not politics, it's business. The Golden City ranks as theNo. The family-friendly Silicon Valley community boasts year-round good weather, a plethora of outdoor activities, tons of public parks and good public schools. Housing is particularly affordable, coming in as the third-cheapest housing costs in the nation with the median cost of a single-family home at around $176,898. This means the cost of living is 93.3% higher than the national average. The Aloha spirit is alive and well here, with a pristine environment, good health care, and low crime. Alabama is ranked the most affordable state in the U.S., and New York is the . Best Raised Toilet Seats for the Elderly 2022 1. Overall Indiana falls in the middle of the road on lists for the best state to live in, but they also have one of the lowest unemployment rates in the country at 2.2%. Metro Population: 9,508,605. Colorado. Kansas 3. Sign up for free newsletters and get more CNBC delivered to your inbox. Wyoming offers a $3,000 reduction in the assessed value of a home or vehicle. Overland Park is rated as the best city to buy a house in America, based on home values, property taxes, home ownership rates, housing costs, and real estate trends. As do property taxes, just as they did with the list of the most expensive states to live in. Tennessee 7. The state also boasts one of the lowest unemployment rates in the country, a good sign for their economy. Average Annual Salary: $57,160. The city is home to a variety of music and film festivals, including Austin City Limits and South by Southwest. Fans wave to children at the University of Iowa Stead Family Children's Hospital during the Iowa football game at Kinnick Stadium in Iowa City, Iowa. The wealthy desert city is the best place to retire in the country. The Evergreen State is a leader in childcare, and it just became even more affordable and accessible with the passage of the Fair Start for Kids Act. But after a little over a year, plans are just now starting to take shape. Nebraska is in the top ten states for hospital beds per capita, according to Becker's Hospital Review. West Virginia, which ranked as the No. With workers in short supply, companies are doing all they can to attract them. 3 cheapest state to live in Alabama reported the lowest median annual real estate taxes at $679, and the No. Our methodology: Our editors considered a variety of factors including each state's retirement rankings from WalletHub, MoneyRates and The Motley Fool to create our proprietary index. 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