As of the third quarter of 2023, Missouri has the sixth lowest cost of living in the United States, with a cost of living index of 88.3
. The least expensive areas to live in the country are generally located in the Midwest and Southern states
. Some of the cheapest states to live in, based on the cost of living index, include:
- Mississippi - Cost of Living Index: 84.9
- Oklahoma - Cost of Living Index: 85.7
- Kansas - Cost of Living Index: 87.2
- Alabama - Cost of Living Index: 88.2
- Georgia - Cost of Living Index: 89.30
These states offer lower costs of living compared to other areas in the country, which can be attributed to factors such as housing, transportation, and overall expenses. For example, Mississippi has the lowest median home price in the nation at $140,818 and the average rent for a two-bedroom apartment is $777 per month
