TollFreeForwarding.com evaluated all 50 states based on various cost-of-living factors, determining South Dakota as the best value state with a score of 73.6. Factors contributing to this ranking included low rent, taxes, grocery costs, and childcare expenses. Missouri and Kentucky followed in second and third place, respectively, with affordable living costs such as housing and groceries. California ranked the worst, along with Hawaii and New York, due to their high living expenses despite higher average incomes.
The evaluation of all 50 states focused on average income, median rent, utility costs, median home price, sales taxes, overall tax burden, grocery costs, childcare expenses, gas prices, and cost of coffee.
South Dakota scored the highest at 73.6 out of 100, thanks to affordable rent, low taxes, grocery costs, and childcare expenses.
Missouri ranks second with some of the lowest home prices in the country and favorable scores in groceries, childcare, gas prices, and coffee.
California ranked the worst in cost effectiveness despite having high average incomes due to high living expenses that lowered overall scores.
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