Cheapest States To Live In 2024 Ranked By Income. Investopedia has ranked the most popular states for retirees based on factors like percentage retirees in the state population, housing costs, and access to. Hawaii claimed the top spot as the most expensive state in terms of cost of living, with an average annual expenditure of $55,491.
Here are the 12 states with the lowest cost of living: Investopedia has ranked the most popular states for retirees based on factors like percentage retirees in the state population, housing costs, and access to.