This state is a haven for lovers of outdoor sports, arts, history, and culture. Thats the largest 12-month increase since the 12-month period that ended in June 1982, the latter era being one of double-dip recession and sky-high interest rates implemented to rein in the runaway inflation of the late-1970s. The state's unemployment rate sits at 4.1%, slightly better than the national average. No matter what state you end up in, we hope that having an understanding of the factors and expenses youll encounter will help you make the best choice for your next great adventure. That's not politics, it's business. That being said, the unemployment rate is quite low at 2.9% which bodes well. The area's bustling job market attracts people in the tech, food and entertainment industries. 2022's top 10 best states to live in 1. And 87% said they are willing to have someone in recovery as a neighbor. Strengths: Inclusiveness, Voting Rights, Crime Rate. The United States ranks 20th in the world for quality of life metrics, outperforming most countries. CNBC named Virginia the best state for business in 2021. The state also has one of the highest poverty rates in the country at 15.1% and is typically ranked alongside Mississippi with regards to healthcare and education. Carex Health Brands E-Z Lock Raised Toilet Seat, Adds 5 Inches to Toilet Height, Elderly and Handicap Toilet Seat Riser, Round Or Elongated Toilets, White 5 Inch (Pack of 1) 2,255 -37%$3999 ($39. 1 least expensive state to live in, driven by not just low housing costs, but also cheaper itemized costs of living, such as groceries, transportation, and healthcare. Furthermore, New Hampshire has the nation's most stringent climate change policies and has one of the highest rates of renewable energy consumption. While we work hard to provide accurate and up to date information that we think you will find relevant, Forbes Home does not and cannot guarantee that any information provided is complete and makes no representations or warranties in connection thereto, nor to the accuracy or applicability thereof. Aerial view of the scenic coastline and highway 101, by the western shoulder of Neah-Kah-Nie mountain, in Oregon, United States. Fourth on our list is Oklahoma with an overall score of 87.9. Best States is an interactive platform developed by U.S. News for ranking the 50 U.S. states, alongside news analysis and daily reporting. The city is home to a variety of music and film festivals, including Austin City Limits and South by Southwest. Alabama is ranked the most affordable state in the U.S., and New York is the . Only 5% of Iowans are uninsured, according to United Health Foundation data. While the nation's average is 104 unhealthy air quality days annually, New Hampshire experiences just 14 days of poor air quality a year. The state provides excellent early-education opportunities and ranks fifth in the nation for K-12 performance. Uprooting your life for a cheap house may not be the wisest move, but that doesnt mean you shouldnt consider your options for more budget-friendly states. U.S. & World News ranks Nebraska the sixth-best state in the nation to live in, slightly higher than in previous years. This study analyzed all 50 states across 11 different, relevant factors, including various cost of living indices for everyday expenditures like transportation, groceries, and healthcare, to larger, monthly, and annual expenditures like monthly rent, mortgage payments, property, and sales taxes. The . Last night, Trump supporters gathered at rallies in Kenosha and Grand Rapids. Please note that we do receive compensation for any products you buy or sign up to via this advertisement, and that compensation impacts the ranking and placement of any offers listed herein. 43 Alabama, No. Theres been a big shift in society over the past two years with Americans moving in droves and seeking out a better quality of life and more affordable places to live. Discovery through its US networks division. Get this delivered to your inbox, and more info about our products and services. The great state of Kansas is the second cheapest state to live in with a score of 86.5. To help support our reporting work, and to continue our ability to provide this content for free to our readers, we receive compensation from the companies that advertise on the Forbes Home site. The compensation we receive for those placements affects how and where advertisers offers appear on the site. Michigan 5. The Evergreen State is a leader in childcare, and it just became even more affordable and accessible with the passage of the Fair Start for Kids Act. The Forbes Home editorial team is independent and objective. And if you get sick here, health care resources are abundant. Alabama 4. No, but Iowa is a good place for health care. According to the Bureau of Labor Statistics, the state added over 500,000 jobs in 2021, a 6% increase overall, and ranks second in the nation for population growth. Housing availability can also be an issue, so look and see what is available to purchase and to rent. The Peace Garden State has tackled drug abuse by removing the stigma surrounding drug treatment. Paul Hennessy/NurPhoto via Getty Images. Therma-Tru Thrive is our commitment to make safe and sustainable products, support the communities where we live and work, and leave a positive, lasting impact on the environment. The diverse city attracts young families looking for good public schools, job and business growth, and plentiful outdoor activities. Tampa also offers a bustling night life, thanks to its wide array of bars and restaurants. If it were a country, Florida would be the fifteen wealthiest nation in the world. The state scores highly in terms of its natural environment. According to residents, the city encourages the use of public transportation. The state also has the lowest levels of smoking and excessive alcohol consumption. The Garden State is also one of America's safest in terms of violent crimes per capita. The wide open skies over The Woodlands in Texas. In order to create a cost of living index, researchers will compile data on the main living expenses to understand the average cost of living for the entire United States. Good public schools, affordable rent prices and a high employment rate attract residents to this North Carolina city. Economic growth and falling crime rates have helped the state's overall ranking. Money concerns play a big factor in those low rankings, with New York ranking as the least affordable state and New Jersey following right behind, whereas Mississippi ranks at the bottom in terms of the quality of life, according to WalletHub. One such event is the city's annual dog festival. Understand what the average wages and employment opportunities are like in your target state. However, while income inequality is low, Minnesota ranks last in the nation for racial disparity in homeownership. The diverse city has affordable rents, a buzzing nightlife and many outdoor activities centered around the city's various sports teams. Lauren is a writer and architectural designer living and working in Brooklyn, NY. Virginia's economy is a powerhouse, consistently ranking among the top states for business. Follow this author to stay notified about their latest stories. That's according to a new study from personal finance website WalletHub, which published a report on Tuesday ranking the 50 U.S. states and Washington D.C. as the best and worst places for millennials people roughly between the ages of 26 and 41 to live right now. This is not the first time that The Woodlands ranked so high in the best cities in America report. The City of Oaks is an excellent spot for families thanks to its highly rated public schools, employment rate and affordable cost of living. Ann Arbor ranks as one of the best cities to raise a family in America. The state ranked sixth in terms of affordability. The average rate of property crime in the United States is twice that of New Hampshire. The Silicon Valley city neighbors another best place to live, Santa Clara. Copyright 2023 CBS Interactive Inc. All rights reserved. The mix of urban and suburban life is what attracts people to Columbia. To round out our top 10 is the great state of Indiana with a score of 90.6. 42 Kentucky, No. 2022 Life, Health & Inclusion Score: 232 out of 325 points (Top States Grade: B) Strengths:. I save money spending $2,633/month living in South Africa, 73-year-old pays $370/month to live in a 1,066-square-foot airplane, 26-year-old coffee CEO lives on $25,000 a year outside of NYC, 31-year-old makes $15,000/mo recording voiceovers, works '3 to 5 hours per day'. The state also boasts one of the lowest unemployment rates in the country, a good sign for their economy. Information provided on Forbes Home is for educational purposes only. 2022 Life, Health & Inclusion Score: 239 out of 325 points (Top States Grade: B+). neighborhoods on the list of Best Places to Live in 2022. The state has seen success in healthcare and education, though its infrastructure ranks among the lowest in the nation. Compare Quotes From Top-rated Long Distance Moving Companies. Washington state led the way, with Washington D.C. in second place and Massachusetts in third. Of course, this number is just the average and can vary, but by using this as the baseline for comparison we are able to understand just how much the cost will vary state to state. If you want to attract workers, it helps to be in a place they want to go to. Commissions do not affect our editors' opinions or evaluations. Housing prices in the state run slightly less than its southern neighbor at $230,253 for the median price for a single family home. The land where all country roads lead, West Virginia brings up ninth place on the list with a 90.5 on the cost of living index. How comprehensive are New Jersey's public accommodation laws? The state has one of the country's lowest incarceration rates, with 197 out of 100,000 individuals imprisoned, significantly lower than the national average of 359 per 100,000. Virginia is the seventh-best state in the U.S. & World News ranking, a significant improvement from 2018, when the state was ranked 20th. Alaska, on the. Alexandria, a America's No. Mean Number of Clear or Partly Cloudy Days: 261. In some of these states, thats enough to purchase a single family home while in urban centers or more expensive states that wont even cover the cost of purchasing an apartment. Naperville has the best public schools, a low crime rate and an affordable cost of living. Fargo, North Dakota. Measuring these metrics across large populations helps researchers and policymakers understand how well programs and governments serve their residents. U.S. & World News ranks Florida the tenth best state to live in in 2022. The Top Ten Best States to Live in 2022 Florida (#10 overall) Healthcare: 25; Education: 3 . That is one of the best ratios in the country. Days Above 90 Degrees: 84. First published on May 18, 2021 / 6:34 PM. Family-friendly Carlsbad is also the home of Legoland California. Rochester is one of thebest cities to buy a house in the country. West Virginia, which ranked as the No. Rhode Island 47. That includes attending a Nebraska Cornhuskers game at Memorial Stadium, or taking advantage of the many restaurants and bars in the area. Below are the five cheapest states to live in 2022, according to the study: Its important to note, again, that a variety of factors go into creating the least expensive states to live in. Related: Best cross country moving companies. For example, the state with the highest cost of living is Hawaii, which scores a 193.3 on the index. (Photo by: Bernard P. Friel/Universal Images Group via Getty Images), ARLINGTON, VA - APRIL 23: The bright and airy dining room at Ruthies All Day photographed for Washington Post Magazine in Arlington, VA on April 23, 2021. Round Rock's weather, public schools and high employment rate and job and business growth make it one of the best places to live in America. The state has one of the lowest poverty levels in the country, with nine percent of residents living at or below the poverty line. This Atlanta suburb has no shortage of outdoor activities and public green spaces. 46 New Mexico, No. Receive a custom quote from a Moving Company today that's designed to meet your needs and budget by clicking on your state. Today, Oregon's election system is considered the gold standard, with the best score in a "cost of voting index" developed by researchers at Northern Illinois University. Youre scrolling along looking at all the big, beautiful homes you could buy for so little money if only you moved to this tiny town youve never heard of. To take the number one spot, Fort Wayne had to have strong performance in several factors we take into account for the lowest cost of living rankings, says Bell. The No. Which leads us to the last factor, location. However, it ranked 27th squarely middle of the pack in affordability, with the lowest rate of homeownership among millennial residents. Economic troubles coupled with a struggling education system and an overall low quality of life also put Mississippi high up on the list of worst states to live in. Minneapolis is a top spot for young professionals and families, thanks to its cost of living, high employment rate, good public schools and plentiful outdoor activities. All Rights Reserved. The cost of living in Wisconsin is lower than the national average, with a cost of living index of 93.5. 1 best city for young professionals in America, thanks to its number of millennial residents, job opportunities, access to bars, restaurants and affordable housing. Sign up now: Get smarter about your money and career with our weekly newsletter, Meet the middle-aged millennial: Homeowner, debt-burdened and turning 40, Millennials have been moving out of big cities here's where they are going, Get Make It newsletters delivered to your inbox, Learn more about the world of CNBC Make It, 2023 CNBC LLC. 'Show more' : 'Show less' }}, data from the U.S. Bureau of Labor Statistics (BLS). Its urban-suburban mix includes good public schools, affordable housing, plenty of outdoor activities and a nightlife largely centered around the students and grads of University of Wisconsin-Madison. Rather than comparing the dollar to dollar costs, a cost of living index sets the national average monthly cost to 100. The state's long lifespan is likely due to the healthy habits of its people, who are among the best rested and most active in the country. So where are the bestand most affordableplaces to live in America? To see how the rest of the cities in the U.S. ranked, you can access the full list here. In addition to these rankings, Niche also has lists of the best neighborhoods, the best cities for young professionals and more. Nebraska has among the most stringent non-smoking regulations and some of the best air quality ratings in the nation. One such category that encompasses both: Columbia's many summer music festivals. The company also looks at factors like affordability, the local housing market, neighborhood diversity and public schools, to name a few. Average Annual Salary: $57,160. The Biloxi Lighthouse in Biloxi, Mississippi.

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