America's 10 most expensive states to live in for 2024, based on the cost of living index which compares prices of goods and services across states. Here are the top five:
Hawaii: With a cost of living index of 179, Hawaii tops the list. High housing and transportation costs are significant factors, with a typical single-family home averaging $905,500 and a gallon of milk costing $5.49.
California: California's cost of living index is 134.5. Housing costs in major cities like San Francisco and Los Angeles are substantial contributors, with the median home price around $800,000.
Massachusetts: This state has a cost of living index of 148.4. The high cost of housing, particularly in Boston, and healthcare expenses are major contributors. The median home price is approximately $518,203.
New York: With a cost of living index of 125.1, New York's high housing and transportation costs, especially in New York City, significantly impact the overall expenses. The median home price in the state is about $429,000.
Alaska: Alaska's cost of living index is 124.4, driven by high healthcare and utility costs. The average price of a single-family home is around $300,592.
Other states making the top ten include Maryland, New Jersey, Oregon, Connecticut, and Vermont, each with unique factors contributing to their high living costs
