Yes, inflation is down, the Federal Reserve has cut the interest rate (with, hopefully, more to come), and more houses are on the market. Still the living is not easy so it’s always nice to know areas where your dollar stretches a bit farther
These states – all in the South and Midwest – have the lowest cost of living. The median home price is also included.
- Arkansas – $299,000
- Mississippi – $298,000
- Alabama – $330,000
- South Dakota – $386,250
- Iowa – $299,800
- North Dakota – $369,820
- Oklahoma – $299,000
- West Virginia – $240,000
- Kentucky – $305,000
- Nebraska – $349,950
In case you’re wondering, California has the highest cost of living at more than 12% above the national average.