Cheapest States To Live In The Us 2024 For Families. We based our ranking of the 5 cheapest states to live in the us with the best quality of life on the prices of housing and renting and the average cost of living. The data indicates a clear regional pattern, with southern and midwestern states like mississippi, oklahoma, kansas, alabama, and georgia topping the list as the states with the lowest cost.

States (and their total cost of living and cost as percentage of income) in 2024: Us news ranks the states with the best economic affordability, based on the cost of living and housing affordability.