{"id":1477395,"date":"2024-07-14T20:55:00","date_gmt":"2024-07-15T00:55:00","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1477395"},"modified":"2024-07-14T20:55:00","modified_gmt":"2024-07-15T00:55:00","slug":"these-are-the-10-us-states-with-the-highest-cost-of-living","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/these-are-the-10-us-states-with-the-highest-cost-of-living\/1477395\/","title":{"rendered":"These Are The 10 US States With The Highest Cost Of Living"},"content":{"rendered":"

These Are The 10 US States With The Highest Cost Of Living<\/span><\/p>\n

\n

Ever wondered where your dollar stretches the least in the U.S.?<\/strong><\/em><\/p>\n

States vary significantly when it comes to cost of living, which takes into account expected expenses for essentials like housing, food, and transportation.<\/p>\n

In this graphic, Visual Capitalist’s Kayla Zhu<\/a> maps out the top 10 U.S. states with the highest annual cost of living in 2024. The cost of living figures are based on data calculated by\u00a0Forbes Advisor<\/a>.<\/p>\n

<\/a><\/p>\n

Calculating Cost of Living<\/h2>\n

To calculate the cost of living in each state, Forbes Advisor calculated annual expenses for housing, healthcare, taxes, food, and transportation.<\/p>\n

Their data sources include C2ER, KFF, MIT Living Wage Calculator, and the U.S. Census Bureau. You can read more about their methodology\u00a0here<\/a>.<\/p>\n

Hawaii is the State with the Highest Cost of Living<\/h2>\n

The sunny state of Hawaii is the most expensive state to live in, with an average annual cost of living of $55,491.<\/p>\n

<\/a><\/p>\n

Despite having the highest cost of living ($55,491), Hawaii also has the lowest annual average salary ($61,420) among these 10 states.<\/p>\n

This leaves residents with an annual disposable income of $5,929\u2013the lowest out of all 50 states.<\/p>\n

Some factors that contribute to Hawaii\u2019s high cost of living are its high\u00a0housing costs<\/a>\u00a0due to housing shortages and high\u00a0income taxes<\/a>.<\/p>\n

Coastal Life Isn\u2019t Cheap<\/h2>\n

Life on either coast isn\u2019t cheap, either.<\/strong><\/p>\n

All four West Coast states make the top 10 list, while Northeastern states like New York, Massachusetts, and New Jersey also make an appearance.\u00a0New York City<\/a>\u00a0is consistently ranked as one of the most expensive cities in the world to live in.<\/p>\n

About\u00a040%<\/a>\u00a0of the U.S. population lives on the coast, but the coast only accounts for less than 10% of the country\u2019s land mass.<\/p>\n<\/div>\n

Tyler Durden<\/a><\/span>
\nSun, 07\/14\/2024 – 16:55<\/span><\/p>\n

\u200bhttps:\/\/www.zerohedge.com\/personal-finance\/these-are-10-us-states-highest-cost-living<\/a>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

These Are The 10 US States With The Highest Cost Of Living Ever wondered where your dollar stretches the least in the U.S.? States vary…<\/p>\n","protected":false},"author":0,"featured_media":1477396,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1477395","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1477395","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/comments?post=1477395"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1477395\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media\/1477396"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1477395"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1477395"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1477395"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}