Many factors go into calculating the cost of living, including housing, insurance, fuel costs and more.
Here are the states that have the highest overall costs of living.
Average Cost of Living Index: 116.9
The cost of heating a home in Maine can be an expensive prospect. More than 6 in 10 Mainers use fuel oil, the most costly heating option in the country, and prices can be volatile depending on supply and demand.
Average Cost of Living Index: 118.6
Apartment rents in New Jersey have spiked, particularly in Jersey City. Many New Yorkers have relocated across the Hudson River to this city for more space with the same urban feel and relative accessibility to New York.
Average Cost of Living Index: 120.6
High-paying jobs in Oregon also come with higher costs. Housing prices have increased 30.5% from 2010 to 2020 due to high demand and low supply, per a 2021 report from Filterbuy.
Average Cost of Living Index: 125.1
Car insurance in Maryland is much higher than national averages because the state mandates high minimum liability insurance, personal injury protection, and uninsured motorist coverage.
Average Cost of Living Index: 125.1
Car insurance in Maryland is much higher than national averages because the state mandates high minimum liability insurance, personal injury protection, and uninsured motorist coverage.