The top 10 most expensive states to live in based on living expenses — Hawaii is 50% above the national average
This article originally appeared on Business Insider.
Hawaii is the most expensive state when it comes to living expenses, a new study has found.
A report from the online-bill-payment service Doxo said the average US household spends roughly $2,046 a month on bills such as rent, phone payments, and medical insurance. This amounts to about 35% of the annual US household average income of $70,784.
Hawaii residents, however, pay about 50% more than this national average — forking out an average of $3,070 for their monthly expenses. The data shows that Hawaii residents are spending more on things such as rent, even compared to well-known pricey areas such as New York City. Utilities also cost more in Hawaii, an average of $633, while residents in New York pay an average of $384 per month, for comparison.
California, New Jersey, and Massachusetts also ranked high for their costs of living, while New York came in at seventh place, the report said. West Virginia, Mississippi, Arkansas, Oklahoma, and Kentucky were listed as some of the most affordable.
The company focused on 10 of the most common expenses to create the list. They analyzed the cost of mortgages, rent prices, utilities, auto loans, auto insurance, cable and internet, mobile phones, health insurance, alarm and security, and life insurance across states.
Here are the top 10 most expensive US states based on monthly expenses:
- Hawaii: Monthly bill expenses per household: $3,070
- California: Monthly bill expenses per household: $2,838
- New Jersey: Monthly bill expenses per household: $2,727
- Massachusetts: Monthly bill expenses per household: $2,656
- Maryland: Monthly bill expenses per household: $2,569
- Connecticut: Monthly bill expenses per household: $2,504
- New York: Monthly bill expenses per household: $2,495
- Washington: Monthly bill expenses per household: $2,468
- Colorado: Monthly bill expenses per household: $2,413
- Alaska: Monthly bill expenses per household: $2,335
Media Inquiries
