Cheapest States To Live In 2024 Ranked By Cost. 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. In this article, we’ll explore the most affordable liberal states to live in, based on a range of factors like cost of living index, median home prices, and taxes.

Here are the 10 least affordable u.s. Mississippi, the cheapest state to live in, has a cost of living index of 84.9, making it much more affordable than the national average.