What are the most expensive states in the United States? Record-setting inflation is changing how people are living all around the world. In the United States, this increasing pressure of inflation coupled with the current recession is making the cost of living an even greater obstacle for some than that it had already been. Americans need to confront the big questions of whether to move and where to move more than ever. When deciding where and when to move, a person not only needs to consider home prices but also other relevant factors, such as transportation, groceries, utilities, and sales taxes—these costs can add up quickly! Uprooting your life and moving isn’t always cheap, so we’ve put together a list of the 10 most expensive states to live in America to help you best navigate your next move!
10. Vermont Starting off our list at number ten is Vermont. The Green Mountain State was, until last year, the great refuge of the Northeast where city dwellers came to visit; a getaway from the fast-paced and expensive life for a while. Last year however, people decided to stay. As demand far-outweighed supply, home prices in Vermont shot up 20% last year, spiking the average home cost to $546,522 in Burlington. According to the most recent census data, the average annual household income in Vermont was $63,477 with a per capita income average of $35,854. So, for those thinking of moving to Vermont in hopes of living comfortably on an average household income, may consider just booking a weekend at a cozy B&B during maple syrup season instead.
9. Rhode Island Next on our list is Rhode Island. On average, Rhode Island residents have one of the highest overall monthly utility bills in the United States. The degree that residents are paying for heating oil and natural gas is what earned the Ocean State the number nine spot on our list. Who would have thought the smallest state in America might have some of the highest utility prices? Well, Rhode Island residents receive more power from natural gas than any other state in America. As a result, heating oil and natural gas have risen drastically, up to 60% from 2021. While living in your average costing $436,045 home in Providence on your average household income of $70,395, it might seem like your money is going a long way in your house by the bay. Until of course, you factor in the monthly cost of keeping your home at room temperature. In Rhode Island you’ll likely pay double what your neighbors across the country in Washington pay for the comfort of wearing shorts indoors.
8. Connecticut If you are trying to pay reasonable energy costs, New England isn’t the place to be right now. Number eight on our list is Connecticut, The Nutmeg State, The Constitution State. The average homeowner in Connecticut pays $438.21 per month in utilities as a whole, which also makes Connecticut the pay more for energy than any other state in the country state. At an average home price of $653,962 in Stamford, your average household income of $79,855 might allow a bit of wiggle room in your bank account. That is until you want to make a sandwich, where you will find yourself paying bloated grocery costs, especially for sandwiches, where a loaf will cost you 60% more in Connecticut than just down the coast in Wilmington, Delaware.
7. Maryland At number seven is Maryland, home to delicious crab legs, salt-water taffy, and surf-and-turf. However, this state excessive food costs might make it difficult to justify visiting Maryland to enjoy these delights. Now imagine living here. Food costs have soared to such a degree that a steak will cost you 40% more in Bethesda than in Tupelo, Mississippi. Even for the bargain meat-lover, Maryland will have you buying ground beef at a 50% mark up. Just outside DC, this food cost spike is most apparent, and coupling the cost of food with the average home price of $897,311 in Bethesda, Gaithersburg, or Frederick, your household average income of $87,063 literally won’t be enough to bring home the bacon.
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