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Mapped: The Most and Least Expensive U.S. States

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Mapped: The Most and Least Expensive U.S. States

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Key Takeaways

  • California stands as the nation’s most expensive state, with a regional price parity (RPP) of 113 when indexed against the U.S. average of 100.
  • Following in second is Washington D.C., with a RPP of 111—driven significantly by housing costs.
  • Arkansas ranks as the least expensive state, with costs 13% lower than the national average.

How much do prices actually differ across America?

When factoring the price of food, bills, gas, and a host of other living costs, one clue lies in regional price parity. In short, it compiles all of these data points into one to show the real prices of goods compared to the U.S. average.

In this graphic, we show the most and least expensive states in America, based on data from the Bureau of Economic Analysis.

Southern States Have the Lowest Cost of Living

Adjusted for inflation, California is the nation’s most expensive state—with prices 13% higher than the national average in 2023.

Meanwhile, real prices in New Jersey are 9% higher overall, given the states limited housing supply, high utility bills, and rising grocery prices. Among the factors driving up food costs are real estate expenses and labor costs.

State Regional Price Parity (U.S. = 100)
California 113
Washington DC 111
New Jersey 109
Hawaii 109
Washington 109
Massachusetts 108
New York 108
New Hampshire 105
Oregon 105
Maryland 104
Connecticut 104
Florida 104
Alaska 102
Rhode Island 101
Colorado 101
Arizona 101
Virginia 101
Delaware 99
Illinois 99
Minnesota 98
Pennsylvania 98
Texas 97
Maine 97
Nevada 97
Georgia 97
Vermont 97
Utah 95
Michigan 94
North Carolina 94
South Carolina 93
Wisconsin 93
Tennessee 93
Indiana 92
Ohio 92
Missouri 92
Idaho 91
Wyoming 91
Kentucky 91
New Mexico 90
Nebraska 90
Montana 90
Alabama 90
Kansas 90
West Virginia 90
Iowa 89
North Dakota 89
Louisiana 88
Oklahoma 88
South Dakota 88
Mississippi 87
Arkansas 87

By contrast, the least expensive states are Arkansas, Mississippi, and Oklahoma.

Owing to its affordability and job prospects, more Americans moved to Arkansas than any other state in 2024. Notably, the median listing price in Arkansas was $285,000 compared to $585,000 in Washington D.C.

Meanwhile, prices in states like Texas and Nevada fall just under the national average. For Texas in particular, its favorable tax climate and construction boom has helped mitigate cost pressures. Moreover, an influx of new residents and corporate headquarters are relocating to the state thanks to its diverse economy.

Learn More on the Voronoi App

To learn more about this topic from an affordability perspective, check out this graphic on home affordability scores by U.S. state.