Top 10 Most Expensive States to Live In America

To spend a luxurious way of life is one of desire of every person and there are number of places in the world which offers highest living standards and considered as most expensive one all around the globe.

American states are among the most expensive places to live in because of cost of living rank which has been determined via calculating overall economic development, quality of life, education and health development, business offering and technological advancement.

When we talk about the cost of living it also includes cost of home and grocery per unit for a day which collectively called the living cost for a day of an individual. With the passage of time the cost of living rank has been changed and different American states are becoming the top expensive states to live in, the list given been arranged on basis of most recent and updated statistics.

10: Vermont

The New England state in the northeastern United States Vermont is one of smallest and least populous is all of States in America. One of most expensive states to live in America Vermont has been considered among best state to initiate business having stagnant economy with very low rate of unemployment. The Green Mountain State economy based on agriculture and manufacturing while the state offers the best and quality services related to health and education which has greater value in the life of every person.

Cost of Living rank: No. 41 (10th most expensive)

Average home price: $485,749

Half gallon of milk: $2.79

Pound of ground beef: $4.56

Monthly energy bill: $234.61

Doctor visit: $113.84

9: Rhode Island

Rhode Island is another one of most expensive state in the New England which stands among the least populous and most densely populated region in United States. The largest industries of Rhode Island include Health services, tourism industry, manufacturing and agriculture while it home to largest employers in the country. The cost of living rank of one of smallest state is 42 for which it has been considered as one of expensive state to live in America. Rhode Island offers quality of life and high standard of living with great opportunities of doing business having technological and innovative development.

Cost of Living rank: No. 42 (9th most expensive)

Average home price: $392,340

Half gallon of milk: $3.39

Pound of ground beef: $4.49

Monthly energy bill: $213.54

Doctor visit: $149.00

8: Massachusetts

Massachusetts is a state in New England region of the northeastern United States which is the densely populated in all fifty states of America while most populous of the six New England states having highest GDP per capita among all six states. The mainstream business of Massachusetts fishing, agriculture, and trade and manufacturing follow the Industrial Revolution which later shifted to services in 20th century. Massachusetts is an international economic leader in life science, finance, IT, trade, energy, defense industry and one of most expensive states to live in America.

Cost of Living rank: No. 43 (8th most expensive)

Average home price: $525,300

Half gallon of milk: $2.29

Pound of ground beef: $4.49

Monthly energy bill: $292.18

Doctor visit: $151.00

7: Oregon

Located in the Pacific Northwest of America Oregon is one of state having coastline on the Pacific Ocean of contiguous United States. The American state is one of most expensive states in United States to live in, the state originally dependent on agriculture and fisheries while tourism is also strong industry in the state because of various breathtaking sites and location to visit in the state. The technology advanced state has seen more employment opportunities and growth in last few decades following the continuous development in all of its industries.

Cost of Living rank: No. 44 (7th most expensive)

Average home price: $436,750

Half gallon of milk: $1.97

Pound of ground beef: $4.65

Monthly energy bill: $151.02

Doctor visit: $131.85

6: New Jersey

The state in the Northeastern and Middle Atlantic regions New Jersey is the fourth smallest states in the United States and most densely populated in all of fifty states. The second-wealthiest state of America with respect to median household income has seen several decisive battles during the American Revolutionary War in past and afterwards rapid growth in the region making it highly developed and most preferred location. Though, New Jersey is among the most expensive states in the America and also worldwide having high cost of living and other necessities of routine life.

Cost of Living rank: No. 45 (6th most expensive)

Average home price: $521,274

Half gallon of milk: $2.62

Pound of ground beef: $4.32

Monthly energy bill: $156.79

Doctor visit: $101.25

5: California

The most populous state of United States California with more than 38 million people covering the area of 163,696 sq mi bordered by Oregon, Nevada, Arizona, and the Mexican state around the corners. The American state is among top most expensive states in United States to live in which relied on Finance, Government and Professional, Real Estate, Scientific and Technical Business Services making among the states having largest economy in the world. The California truly dependent on trade and international related commerce accounts while agriculture is also an important sector of its overall economy.

Cost of Living rank: No. 46 (5th most expensive)

Average home price: $946,066

Half gallon of milk: $2.77

Pound of ground beef: $3.97

Monthly energy bill: $213.39

Doctor visit: $127.57

4: Alaska

Situated in northwest extremity of North American continent Alaska is largest state in United States by area which dependent on oil, natural gas, and fishing industries while tourism has also a significant impact on its economy. The least densely populated region was became the part of United State and later admitted as the 49th state after it has been purchased from the Russian Empire in 1867. One of most expensive state of live in United States Alaska has long been higher cost of living than in the contiguous 48 states suffers from extremely high prices for food and consumer goods.

Cost of Living rank: No. 47 (4th most expensive)

Average home price: $528,673

Half gallon of milk: $2.37

Pound of ground beef: $5.27

Monthly energy bill: $591.16

Doctor visit: $169.40

3: New York

New York is a state placed in the Northeastern and Mid-Atlantic regions which is famous for having several landmarks making it one of most visited destination all over the world. The state is among the most expensive in United States to live because of high cost of living while it considered as symbol of the America and its ideals of freedom, democracy and opportunity. New York City is the most populous city in the United States and important center for international diplomacy which has been cited as the cultural and financial capital of the world and most economically powerful city all around the world.

Cost of Living rank: No. 48 (3rd most expensive)

Average home price: $1,372,183

Half gallon of milk: $1.92

Pound of ground beef: $4.46

Monthly energy bill: $259.80

Doctor visit: $122.50

2: Connecticut

The southernmost state in the region of the United States Connecticut is third smallest state by area and second most expensive state to live in America. According to latest statistics Connecticut has the highest per-capita income and ranked among the top states at Human Development Index having high median household income in the United States. Finance and insurance are the leading industries of Connecticut along with manufacturing business while it is home to major employers like The Hartford, Travelers, Mass Mutual, Aetna, Cigna, People’s United Financial and Royal Bank of Scotland among various others.

Cost of Living rank: No. 49 (2nd most expensive)

Average home price: $618,800

Half gallon of milk: $2.26

Pound of ground beef: $3.99

Monthly energy bill: $262.56

Doctor visit: $123.75

1: Hawaii

The most expensive state to live in United States Hawaii which has been located in Oceania, composed entirely of islands having natural scenery, tropical climate, beaches, oceanic surroundings making it most popular and visited destination of tourists in the world. The cost of living in Hawaii can be compared to top ranked cities of America because of several reasons which played significant role to higher overall cost. Hawaii’s economy depend on sandalwood, whaling, sugarcane, pineapple, military, tourism and exports including coffee, macadamia nuts, pineapple, livestock, among others.

Cost of Living rank: No. 50 (most expensive)

Average home price: $868,317

Half gallon of milk: $3.67

Pound of ground beef: $4.97

Monthly energy bill: $530.15

Doctor visit: $125.67