5 States with Highest Minimum Wage and Low Cost of Living

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1. Illinois

Minimum Wage: $13

Cost of Living Index: 91.8

Score: 0.1416

Illinois tops the charts for states where high minimum wage rates cover the challenges associated with rising cost of living the most compared to other states in the nation. The state government plans to raise wage rates in Illinois by $1 per annum over the next two years, after which the hourly wage rate in the state will touch $15 by 2025. 

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