Discover the most expensive states to live in across the U.S. From high housing costs to hefty taxes and living expenses, we’ve looked into what people are dealing with around the country. Whether you’re thinking of moving or just curious, get ready for a look at these 10 pricey states.
Maryland
While Maryland residents have a higher than average income, they also face high personal income taxes, as well as elevated costs for healthcare, education, and transportation. The state also has high prices for buying and renting homes, particularly in those areas close to Washington, D.C.
Oregon
Rising home prices and rents in the state’s urban areas are contributing to Oregon’s high cost of living, and Ramsey Solutions says, “The cost of living in Oregon is 16% higher than the national average.” Although the state benefits from no sales tax, there are high income taxes as well as higher than average utility costs, including electricity and natural gas.
Hawaii
In data analyzed by Forbes, Hawai’i was ranked as “the most expensive state in terms of cost of living.” On top of this, residents of the state “have the lowest amount of disposable income available annually.” This is driven by high real estate costs as well as importation costs for groceries, goods, utilities, and other services.
New York
The high cost of living in New York City significantly skews the state’s overall cost of living; however, high state and local taxes, including sales and income tax, do mean New York is an expensive state for residents. There is also a very high demand for housing and a limited supply, which is driving up housing and rental market prices.
Massachusetts
According to Unbiased, Massachusetts has one of the highest costs of living in the country, and they refer to a study that found “the state ranks 49th in a list of states with the lowest to the highest cost of living.”
Alaska
Being in such a remote location means residents of Alaska foot the bill when it comes to the transportation and logistics of groceries and other goods. There are also high heating and overall energy costs, and some housing areas have high costs due to their remote location and harsh climate.
New Jersey
New Jersey residents face some of the highest property tax rates in the U.S., as well as high costs of buying and renting homes, especially in those areas that benefit from being close to New York City. This state also has high transportation and commuting costs.
Connecticut
Real estate costs and taxes in Connecticut are high, especially in areas within commutable distance from New York City. Residents also face high utility costs and a progressive income tax structure, which can result in high costs for some.
Washington
Washington benefits from no state income tax; however, this is attracting higher earners, which is in turn driving up the cost of living. Residents are facing high costs for transportation and utilities, and particularly high real estate prices in the Seattle metropolitan area.
Rhode Island
Urban and coastal areas of this beautiful New England state come with a high price tag for buyers and renters, and residents also face elevated costs for utilities, healthcare, and education. There are also high property and state income taxes.
