Hot dogs are some of the cheapest in all of major league baseball. Sure, it’s a pretty place, and there’s hula girls everywhere, and you can see kangaroos and polar bears right outside your front door, but, gee whiz, what a price tag it comes with. Only in anchorage do you not have to pay for taxes. Housing: $17,409 Rank Last Year: 10 (Up 3) I lived in the town of Princeton, probably one of the best towns in the state, though. Birmingham, AL (Mountain Brook) ZIP code: 35223 Median home list price: $611,612 Birmingham’s real estate market is in the midst of a boom, with new jobs delivering droves of eager home buyers into the burbs. One person needs $26,821 a year to live a decent life in Alaska, but a family of four needs $74,247 a year to not struggle. Munich, Germany, is the most expensive city in Europe to buy a home. Georgia is the 8th-most populated state in the U.S. and home to more than 10.5 million people. States like Hawaii and Alaska, which have higher transportation costs for certain goods, have higher priced staples, like milk, which can be twice as expensive in Hawaii and contribute to why it’s one of the most expensive states … California tops the list this year as the most expensive state based on MIT living wage data. But if you wanted to live in the NY metro area, look out, pal. If you have kids at home, you need to make about $42.40 an hour. Get a loan estimate instantly! 10. But we can actually look at that for different areas to compare Maryland vs. Maryland. (Although DC would like to have a word if you consider that a state.) By submitting your email address, you consent to us sending you money tips along with products and services that we think might interest you. So, get ready to count your pennies and make a list of things you’re going to cut back on, as we begin our tour of America’s most expensive states. Well, just don’t get sick, and you should be okay. If you live in the states we just talked about, odds are you work hard and don’t have a lot to show for it. In fact, in June 2020, there were 18.2% fewer homes for sale compared with the prior year -- and such a low inventory has driven the median price of existing homes up to $295,300. More On California: Photos | Rent. You should also work on improving your credit score to qualify for loans at the most competitive rates. Whether you rent or own, you’ll pay somewhere around $10,000 a year, on average, for housing costs. I lived in Virginia most of the population is in northern Virginia. Meaning that although they would get above market value for their existing house, it might not be enough to rebuy a house in the same state. Methodology: To determine the least and most expensive states to build a home, GOBankingRates looked at three factors: 1) the average cost to build a new one-story, 1,800-square-foot home with a half-finished basement, sourced from the Lincoln Institute of Land Policy; 2) the average cost to build a house of all sizes in the three largest cities in each state, sourced from National … Georgia. And, If you don’t have a decent job, you’d likely be eating at Wawa everyday. Every other state’s most expensive city falls somewhere between that million-dollar difference; most fall somewhere in between. The Ascent does not cover all offers on the market. Living Wage: $62,950 Maybe aim lower, Maryland guy. At least, comfortably. In order to find the least expensive places to buy a home, GOBankingRates used data from Zillow and the U.S. Census Bureau to analyze every significant city in all 50 states and chose three to five places where houses are a steal. That would be the Garden State itself, New Jersey. You probably won’t want to go look closely at the numbers in Colorado. Housing costs aren’t anything to sleep on, either, especially if you’re renting. Here’s what’s interesting about Massachusetts. Her work has been featured on major outlets including MSN Money, CNBC, and USA Today. Call Support 1300 799 109 Buyers, on the other hand, could face challenges purchasing a house in places where the average home value is well above the rest of the country. So even though it might be 30% cheaper in Mississippi, I doubt anyone is going to be moving there from California. However, the good news: If you go to Coors Field in Denver, beer prices are the cheapest in all of America, at about $3 each. LakeHomes.com recently published a real estate report breaking down some of the state's lakeside property costs. Taxes, and property taxes, are the highest in the nation, and since there’s a shortage in child care, you can expect to pay like $9,000 a year per kid! Now, 18 million jobs pay less than $10 an hour in America. The Most Expensive State To Buy A House In We all know that home prices are skyrocketing and the cost of living in some areas is significantly more expensive than other areas. The simplest explanation is its price. It really starts to add up, doesn’t it? If you live in Maryland, you’ll probably nod in agreement when we tell you that your cost of living is massive. What state is the cheapest to buy a house? The average 2019 price in paradise clocks in at $655,000 (California comes in second place at $629,000) with an average price of $488 per square foot (California comes in … More On New Jersey: Photos | Renteval(ez_write_tag([[336,280],'homesnacks_com-leader-3','ezslot_17',114,'0','0'])); Where’s our next most expensive state to live? More On Massachusetts: Photos | Rent. So grab your jet ski, and explore 16 of the most expensive … Just what makes the Last Frontier such a pain in the rear to survive, financially? Once you've shopped around to find the right mortgage lender, a preapproval letter will show sellers you are serious. Child Care: $10,084 Especially health care costs. Coastal states, such as Massachusetts and California, comprised the majority of the top ten most expensive places to buy a home. If you decide to buy a home, the median cost is around $106,000. Despite all that, every state is home to at least a handful of places where buyers can expect to scoop up a house on the cheap. Child Care: $698 And housing costs are on par with new york, where you can expect to pay, on average, $13,200 a year. You could be an animal control worker? Explore our picks of the best brokerage accounts for beginners for December 2020. You can probably make a guess as to a few of them right of the bat – they’re the places where child care costs are crippling, rent is through the roof, and even owning a car is a burden. We have not reviewed all available products or offers. More On Alaska: Photos | Rent. I can’t imagine struggling to try and save money while getting $45k on a history major salary. The cheapest state in the United States is Mississippi.