Finding an area with a low cost of living is helpful whether you intend to retire in another city or just want a new place to call home.
One of the most effective strategies to lower the cost of a new home is to keep your household expenses to a minimal.
According to report by Doxo– a bill payment centre and digital filing cabinet service. There are 10 cheapest states to live in US.
Cheapest States to Live In US
These are least expensive states for household bills on the basis of monthly bill expense per household and percentage on household income.
1. West Virginia
West Virginia is a cheapest states for household bills where the monthly household bill is $ 1,452 and which is 34% of Household Income.
Paying bills here is very less as compared to other states, which means you can live a good life here. You only required minimum amount to live happily with your family.
2. Arkansas
It is second state where the cost of living is low. The average monthly household bill expense is $1,552 which 40% of the household income.
3. Mississippi
Mississippi is on the list for the 10 less expensive states for household bills. The average monthly household expenditure is only $1,559, which is 42% of household income. This is great news for those thinking about purchasing a home or starting a family.
4. Indiana
If you are looking for a state that is budget friendly, consider checking out Indiana. With a monthly household bill expenses of $1,607. Indiana is one of the wealthier states in the country. Additionally, Indiana has low rates of poverty and a relatively low rate of uninsured residents.
5. Kentucky
As you can see, West Virginia is the cheapest state to live in when it comes to household bills. This is good news for residents of the state, as the cost of living is always a concern. The next cheapest state is Kentucky, where the average monthly household bill is $1,627 which is 39% of household income.
6. Oklahoma
Oklahoma has some of the least expensive household bills in the country. This is mainly due to low cost of living and the low state income tax. The monthly household bill is $1,634.
7. South Dakota
South Dakota is one of the ten less expensive states for household bills. The state has a low cost of living and a low income tax rate. In addition, the state has a limited number of estate taxes and no state income tax, which make it a great place to live and save money. The average monthly household bill is $ 1,654 which is 35% of household income.
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8. New Mexico
New Mexico has some of the lowest household bills in the country. This is due to a number of factors, such as low-cost housing, low taxes, and a weak dollar. Additionally, New Mexico has a relatively low poverty rate, which contributes to the overall low cost of living. The average monthly household bill is $1,663 which is 41% of household income.
9. Alabama
There are a few states that have household bills that are relatively cheaper than other states. Alabama is one of these states. Some of the reasons why Alabama’s household bills are cheaper are because of the cost of living, the number of jobs in the state, and the income levels.
10. Nebraska
Nebraskans have some of the lowest household expenses in the nation which is $1,696 . This is likely due to the relatively low cost of living and the generous government assistance programs available. For example, Nebraska has a low minimum wage, provides a significant amount of child care assistance, and has a large Medicaid expansion.
Conclusion
If you’re like most people, you dread the thought of having to confront your household bills. After all, there are always more than enough things that need to be paid each month, and there’s no guarantee that money will be available when you need it. In order to save on your bills, it’s important to look into the cheapest states for household bills.
In this post we have discussed 10 cheapest states for living in a low budget. Which may be help you to choose right place for your family.
