Cheapest States To Live In Usa 2024 Cost. Hawaii claimed the top spot as the most expensive state in terms of cost of living, with an average annual expenditure of $55,491. The 25 best affordable places to live in the u.s.

The most affordable state is utah, where residents spend the least percentage of their income on necessities (63.3%) and have the most annual income left over ($32,732). 12 cheapest states to live in for 2024.