Top 20 Most Expensive States In USA 2023
Which states have the highest cost of living index in the US this year?.
Ranked by each state’s cost of living as of this financial year, these 20 American states are now the most expensive states to live in today.
Cost of living is the cost of maintaining a certain standard of living. Changes in the cost of living over time are often operationalized in a cost-of-living index.
Cost of living calculations are also used to compare the cost of maintaining a certain standard of living in different geographic areas such as states and cities.
In other words, the cost of living is the amount of money needed to cover basic expenses such as housing, food, taxes, and healthcare in a certain place and time period.
The cost of living is often used to compare how expensive it is to live in one city/state versus another. The cost of living is tied to wages.
With that being said, below are America’s top most expensive states to live in as of this year.
Today, Hawaii and the state of New York are the most expensive American states to live in.
States With The Highest Cost Of Living In America:
- Hawaii (193.3)
- New York (148.2)
- California (142.2)
- Massachusetts (135)
- Oregon (130.1)
- Alaska (127.1)
- Maryland (124)
- Connecticut (121.6)
- Rhode Island (117.2)
- Vermont (117)
- New Jersey
- New Hampshire