Cheapest States To Live In 2024 Ranked. Which state is the cheapest to live in? With a median house value of about $175k, truth and consequences is one of the cheapest areas to buy a home in 2024.
Overall, costs in the state are 17% lower than the national average. The cost of living index (coli) compiles the six subcategories (housing, utilities, grocery items, transportation, health care, and miscellaneous goods and services) into a single value.