5 Most Affordable Housing Markets in the US in 2023

2. West Virginia

Median Effective Property Tax Rate: 0.587%

Average Cost of Rent/Month: $656

Homeownership Rate: 78.6%

Final Score: 4.6

Consumer Affairs analyzed housing and rental costs, utility, food, gas prices, and tax rates to identify the states with the US’s lowest and highest living costs. West Virginia ranked second for the lowest cost of living.