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Shoppers load their vehicles in front of a HomeGoods store in South Bend, Indiana on Monday, November 16, 2020.
Daniel Acker | Bloomberg | Getty Images
An engine as massive as the U.S. economy won’t restart without some spitting, which many economists say explains the double-digit price increases of many goods and services as the country surpasses the pandemic. Global supply chains have been so disrupted that it takes time to get everything back on track.
The disruptions – and price increases – have been more severe in some states than others. That’s why CNBC America’s Top States for Business annual study considers the cost of living among our ten categories of competitiveness. Some states have costs so high that many people may prefer to stay away.
These ten states are the ones where a dollar went the furthest last year and where prices headed into volatility in the first half of this year compared to a year ago, according to the state Bureau of Labor Statistics. -United. The average prices of selected items are also listed, based on the 2020 Average Cost of Living Index of the Council for Community and Economic Research, C2ER.
10. Indiana
A fuel pump sits at a Royal Dutch Shell Plc gas station in Jeffersonville, Indiana.
Luc Sharrett | Bloomberg | Getty Images
Getting through the Crossroads of America can be a snap, with gasoline prices in Indiana being about 30% lower in Bloomington than they pay in San Francisco. Then come home to your apartment, where you pay about half the rent you would pay in Chicago.
2021 Cost of Living Score: 62 points out of 75 (Best States: A-)
Consumer price index (June, Midwest region): up 5.8%
Average price of a house (Bloomington): $ 339,513
Half a gallon of milk: $ 1.39
Monthly energy bill: $ 147.72
8. (tie) Tennessee
A customer gets a haircut at John’s Barber Shop in Knoxville, Tennessee on May 1, 2020.
Luc Sharrett | Bloomberg | Getty Images
Looking to get your hair done before you head to the office after a year of working from home? In Johnson City, Tennessee, it will cost you about half of what it would cost if you lived in Houston. A doctor’s visit in Tennessee is over 60% less than it would be in Madison, Wisconsin.
2021 Cost of Living Score: 65 out of 75 points (top score in States: A-)
Consumer price index (June, South Region): up 5.8%
Average price of a house (Johnson City): $ 395,467
Half a gallon of milk: $ 1.92
Monthly energy bill: $ 141.46
8. (tie) Georgia
Arinahabich | iStock | Getty Images
Yes, you can get more peaches for your money in Georgia, where a 15-ounce can will cost around 30% less than in New York City. And for your main course, a New York steak is also cheaper in Atlanta than in New York – by almost a dollar, based on 2020 averages.
2021 Cost of Living Score: 65 out of 75 points (Best rating of the States: A-)
Consumer price index (June, Atlanta-Sandy Springs-Roswell): up 6.7%
Average price of a house (Atlanta Metro): $ 380,418
Half a gallon of milk: $ 1.99
Monthly energy bill: $ 120.82
7. New Mexico
Development of contemporary housing in New Mexico.
Bim | E + | Getty Images
You can rent an apartment in Albuquerque for about a third of what you would pay in Bethesda, Maryland. And your heating and air conditioning bill will be about 20% lower in New Mexico.
2021 Cost of Living Score: 66 out of 75 points (top score in states: A)
Consumer price index: (June, Western region): up 5.1%
Average price of a house (Albuquerque): $ 329,645
Half a gallon of milk: $ 2.10
Monthly energy bill: $ 155.29
6. Alabama
An American flag is displayed outside a house in the Cloverdale neighborhood of Montgomery, Alabama.
Julie Bennett | Bloomberg | Getty Images
If your idea of a sweet home is around 2,400 square feet, 4 bedrooms, 2 bathrooms on a decent-sized lot in Auburn, Alabama, expect to pay about a third of what you would pay for a similar house in Orange County, California. Celebrate your smart purchase in Alabama with a bottle of wine, which will cost you around 25% less than in Atlanta.
2021 Cost of Living Score: 68 out of 75 points (Best States: A)
Consumer price index (June, South Region): up 5.8%
Average price of a house (Auburn): $ 309,875
Half a gallon of milk: $ 1.80
Monthly energy bill: $ 179.77
5. Missouri
Watch a movie in Kansas City and it will cost about 30% less than in Hollywood. And if you wanted to buy a nice men’s shirt in Missouri for your first visit to a theater since before the pandemic, it would cost about 25% less than the same shirt in Boston.
2021 Cost of Living Score: 69 out of 75 points (top score in states: A)
Consumer price index (June, St. Louis metro): up 6.1%
Average price of a house (Kansas City Metro): $ 299,164
Half a gallon of milk: $ 1.87
Monthly energy bill: $ 157.13
4. Arkansas
Pop’s Barber Shop in Pine Bluff, Arkansas.
Russ Scalf | The Washington Post | Getty Images
During his first year as president in 1993, former Arkansas Gov. Bill Clinton suffered endless grief over a report – which turned out to be exaggerated – that he paid off. $ 200 for a haircut by her personal stylist aboard Air Force One. Almost 30 years later, he could still get his hair cut in Little Rock for around $ 20, which is also about 20% cheaper than his current home in Westchester County, New York.
2021 Cost of Living Score: 71 out of 75 points (Top States Grade: A +)
Consumer price index (June, South Region): up 5.8%
Average price of a house (Petit Rocher): $ 371,333
Half a gallon of milk: $ 1.78
Monthly energy bill: $ 143.00
3. Oklahoma
A wheat field during the corn wheat harvest, Oklahoma.
Nick Oxford | Reuters
Rippling wheat can certainly smell great in Oklahoma, and it makes a very affordable loaf of bread – almost 30% less than it would cost in Portland, Oregon. Your monthly energy bill in Norman is about half of what you would pay in New Haven, Connecticut. Ponca City had the lowest apartment rents in the country in 2020, at just $ 502 for a two-bedroom unit.
2021 Cost of Living Score: 72 out of 75 points (Top States Grade: A +)
Consumer price index (June, South Region): up 5.8%
Average price of a house (Norman): $ 316,455
Half a gallon of milk: $ 2.14
Monthly energy bill: $ 152.87
2. Kansas
Vadym Petrochenko | iStock | Getty Images
If Dorothy Gale were alive today – and her little dog too – taking Toto to the vet in Dodge City would cost half what it would cost in New York. If she went to a restaurant in New York and ordered a steak, she would find the price 20% higher than at home, and she would know right away that she was no longer in Kansas.
2021 Cost of Living Score: 74 out of 75 points (Top States Grade: A +)
Consumer price index (June, Midwest region): up 5.8%
Average price of a house (Dodge City): $ 299,018
Half a gallon of milk: $ 2.48
Monthly energy bill: $ 159.30
1. Mississippi
Quaint 19th century cottage style clapboard house with Stars and Stripes flag, South Canal Street in Natchez, Mississippi.
Tim Graham | Getty Images
Do you have a penchant for a burger? It will cost you 25% less in Hattiesburg than in Honolulu. And that ? But the bargains go beyond burgers in Magnolia State, which offers low housing costs, cheap energy, and affordable prices. Even with inflation, your dollar will go further into Mississippi, the cheapest state in the United States for 2021.
2021 Cost of Living Score: 75 points out of 75 (top score in the States: A +)
Consumer price index (June, South Region): up 5.8%
Average price of a house (Hattiesbourg): $ 247,812
Half a gallon of milk: $ 2.37
Monthly energy bill: $ 153.76
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