A recent report by GOBankingRates has Indiana ranked as one of the top three most affordable states to live. The financial website looks at what it would take financially to live in all 50 states according to the cost of living. You can guess some of the most expensive ones, such as California, New York and Hawaii.
Is Indiana a cheap state to live in?
Indiana is the tenth-cheapest state to live in the United States. Average costs are 10% lower than the national average, and costs in all categories are below the national average. Housing in Indiana is the eighth cheapest in the United States.
Is living in Indiana expensive?
According to the Bureau of Economic Analysis , the average cost of living in Indiana will run you around $38,097 per year.
Which state has the cheapest cost of living?
Mississippi
Mississippi. Mississippi has the lowest cost of living in the United States. With a cost of living index of 83.3, expenses are nearly 17% less than the national average. Mississippi’s housing costs are the lowest in the nation.
Is it expensive in Indiana?
Living in Indiana is less expensive than it is on average across the U.S. as a whole. According to data from the Bureau of Economic Analysis, goods and services in the state cost 10.7% less than they do on average nationwide. Compared with all other states, Indiana has the 12th lowest overall cost of living.
What is the best state to live in financially?
Alaska is the top state for fiscal stability. It’s followed by South Dakota, Tennessee, Idaho and Utah to round out the top five. Half of the 10 states with the best fiscal stability also rank among the top 10 Best States overall.
What city has the lowest cost of living?
Wichita Falls, Texas, was named the city with the lowest cost of living. Visit Business Insider’s homepage for more stories.
How much do you need to live comfortably in Indiana?
Typical Expenses
| 1 ADULT | 2 ADULTS (1 WORKING) | |
|---|---|---|
| 0 Children | 2 Children | |
| Required annual income after taxes | $27,201 | $59,828 |
| Annual taxes | $5,643 | $12,410 |
| Required annual income before taxes | $32,844 | $72,238 |
What is the best area to live in Indiana?
Main Findings
| Overall Rank (1 = Best) | City | Total Score |
|---|---|---|
| 1 | Fishers, IN | 75.00 |
| 2 | Zionsville, IN | 73.69 |
| 3 | Carmel, IN | 73.19 |
| 4 | Westfield, IN | 66.90 |
Is Indiana a good state to live in?
Is Indiana a Good Place to Live? Indiana is one of the best states to live in because it boasts the lowest cost of living, low crime rates, and plenty of job opportunities with a growing automotive industry. As the state with the lowest cost of living, it also makes sense that it has incredibly affordable housing.
What state is most expensive to live in?
Hawaii
Hawaii. Hawaii is the most expensive state to live in the United States. With a cost of living index of 193.3, the cost of living in Hawaii is nearly twice the national average. Hawaii has the highest costs across all indexes, except healthcare.
Where is the cheapest rent in the United States?
Cheapest State for Rent in the US
The least expensive state for rent is West Virginia with an average rent price of $800.
What is the most expensive state to live in 2022?
The Most Expensive States to Live in 2022
- Hawaii.
- California.
- Massachusetts.
- New Jersey.
- Connecticut.
Is it cheaper to live in Texas or Indiana?
Indiana is 4.7% cheaper than Texas.
Is Indiana a safe place to live?
At A Glance:
With #1 being the best, Indiana is ranked #21 for property crime out of 50 states + Washington, D.C. You have a 1.97% chance of being a property crime victim in Indiana in the next 12 months. Indiana’s property crime rate is 7% lower than the average crime rate in the United States.
Is it cheaper to live in Indiana or Kentucky?
Indiana is 3.7% more expensive than Kentucky.
What state is the happiest?
According to a study by Amerisleep, the happiest state is North Dakota (#1) followed by Vermont, Nebraska, South Dakota and California. The least happy states were Kentucky (#50) followed by West Virginia, Tennessee, Nevada and Ohio (see complete list below).
Which state has the nicest people?
Based on their results, the friendliest U.S. states are listed below.
- Minnesota. The term “Minnesota nice” lives up to its name.
- Tennessee. Tennessee is full of the famous southern charm and hospitality.
- South Carolina.
- Texas.
- Wyoming.
- Indiana.
- Colorado.
- Kansas.
What is the cheapest state to buy a house?
West Virginia is the cheapest state to buy a home. A typical home in West Virginia costs $129,103, nearly $30,000 less than Mississippi’s and less than half of the national average. A homebuyer can expect to get 1,792 square feet of living space for that price.
Where is the nicest but cheapest place to live?
Here are the top 10 most affordable cities to live in the U.S., according to the Council for Community and Economic Research’s Cost of Living report.
- Cedar Park, Texas.
- Midland, Texas.
- Ogden, Utah.
- Raleigh, North Carolina.
- Provo, Utah.
- Des Moines, Iowa.
- Austin, Texas.
- Minneapolis, Minnesota.
What state has the lowest average rent?
North Dakota has the nation’s lowest average rent, at just $826 a month, a 3% increase from the previous year.