"From groceries to housing, living is getting more expensive, but some states are feeling the effects of rising prices more than others. While states like Hawaii and California are seeing increases in housing costs, others like Florida are experiencing falling real-estate prices thanks to rising inventory and insurance costs. US News & World Report recently ranked all 50 US states by affordability, using US Bureau of Economic Analysis data to determine each state's housing affordability and cost of living."
"The list is just one part of US News & World Report's comparison of US states, which it ranks by categories including opportunity, education, healthcare, and fiscal stability, among others. These categories ultimately contribute to its best states overall ranking. For the full report and rankings, see here. Here are the 10 most affordable states in the US, followed by the 10 least affordable, per US News & World Report."
Prices of groceries and housing are rising across the United States, increasing the overall cost of living. Housing costs have risen notably in states such as Hawaii and California, while real-estate prices in Florida have declined due to rising inventory and higher insurance costs. US News & World Report ranked all 50 states by affordability using U.S. Bureau of Economic Analysis data on housing affordability and cost of living. The affordability ranking is part of a broader state comparison that includes categories such as opportunity, education, healthcare, and fiscal stability and also reports median incomes from the 2024 American Community Survey.
Read at Business Insider
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