5 Most Expensive States to Live in 2024

In this article, we will look into the 5 most expensive states to live in 2024. If you want to read our detailed analysis, you can go directly to the 20 Most Expensive States to Live in 2024.

5. Alaska

Cost of Living Index: 126.4

Alaska is ranked among the most expensive states to live in 2024. According to the MERIC, Alaska reports a cost of living index of 126.4. Utilities contribute the highest to the cost of living in Alaska.

4. New York

Cost of Living Index: 126.5

New York is ranked 4th on our list, reporting a cost of living index of 126.5, according to the MERIC. Housing expense is the major contributor to the high cost of living in New York.

3. California

Cost of Living Index: 136.4

California ranks 3rd on our list with a high cost of living of 136.4, according to the MERIC. Housing expense is the major contributor to the high cost of living in California, followed by transportation.

2. Massachusetts

Cost of Living Index: 148.0

Massachusetts is ranked 2nd on our list. According to the MERIC, Massachusetts reports a cost of living index of 148. Housing is the major expenditure in Massachusetts contributing to its high cost of living.

1. Hawaii

Cost of Living Index: 179.2

Hawaii tops our list of the most expensive states to live in 2024. According to the MERIC, Hawaii reports a cost of living index of 179.2. Housing costs are the highest in Hawaii out of all US states and are a major contributor to Hawaii’s high cost of living.

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