20 Cheapest States to Live in the US

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1. Mississippi

Cost Of Living Index: 84.6

Median Home Price: $134,125

Average Healthcare Cost: $7,327

Average College Tuition: $8,590

Tax Friendliness: Very Friendly

Topping our list of the cheapest states to live in the US, we have Mississippi. Mississippi has an overall cost of living index of 84.6, the lowest in America, offers one of the cheapest housing, healthcare, education, and child-care facilities, and is incredibly tax-friendly. You can own a house in the state for a mere $134,125. For an adult, the average cost of out-of-pocket healthcare is around $7,327. College tuition in the state averages out at 8,590 per year. On top of this, Mississippi has the lowest average annual cost of child care in the whole country. Infant care costs just $453 per month, and child care for a four-year-old comes in under $400 monthly at most child care centers.

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