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Frequently Asked Questions

What states have the most expensive houses?

Hawaii is the most expensive state to live in in the United States. Hawaii has a cost index of 196.3. The average home price in Hawaii is $1,158,492. The utility index is the highest in the country at 189.5, and the average monthly energy bill is $388.65.

What city has the lowest cost of living?

It can be extremely expensive to live in big cities like New York, San Francisco, or Los Angeles. However, living in other cities, like Fort Wayne, Indiana, and Brownsville, Texas, can be much more affordable. Wichita Falls, Texas, was named the city with the lowest cost of living. Visit Business Insider's homepage for more stories.

How do you calculate cost of living?

Agencies calculate the cost of living by finding prices for a representative sample of goods and services. They then take into account how much of a person's budget would be consumed by the item in a year.

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