This Study Reveals the Most Expensive States To Live in the U.S. - Home & Texture
Homeownership Most Expensive States

Planning a Fresh Start? This Study Reveals the 10 Most Expensive States To Live in the US

Starting life in a new place can rack up hefty costs depending on your destination, especially in these states, where monthly expenses are significantly higher.

January 11, 2024 at 7:25 AM PST

The promise of moving to a new city, meeting new friends, and experiencing new places is exciting. But when the cost of living is significantly higher than average, it can cause financial strain and result in an inability to take advantage of everything a life in that state has to offer. While it might sometimes feel like you want to pack up all your belongings and start planning your goodbye party tomorrow, it’s necessary to consider which destinations realistically suit your next chapter before taking steps like quitting your job. Although waking up to the beachy sun of California seems appealing, you should know how much living there will impact your wallet. A report conducted by online and mobile bill pay service doxo revealed the most expensive states to live in the United States. Unsuprisingly, the Golden State ranked at number two. What other locations are on the list? Read more to get a clearer picture of bills and expenses so that you can make informed decisions about your finances.

Photo Credit: Tima Miroshnichenko

According to the report, at least three in four consumers say inflation has impacted their ability to afford bills. The data outlined the amount households spent on standard payments each month, including these expenses: mortgage, rent, auto loan, utilities, cable and internet, mobile phone, health insurance, alarm and security, and life insurance.

The average U.S. household spends $24,557 annually on essential household bills or around $2,046 per month. These places, however, rank much higher. Here’s a breakdown of the 10 most expensive states to live in right now.

1. Hawaii

  • Households in Hawaii pay $3,070 in monthly bills or $36,844 each year.
  • Expenses in Hawaii are 50%, or $12,287, more than the national average.
  • The average household income in Hawaii is $85,253, with bills making up 43% of that.
Photo credit: Gustavo Zambelli

2. California

  • Households in California pay $2,838 in monthly bills or $34,055 annually.
  • Expenses in California are 38.7%, or $9,498, more than the national average.
  • The average household income in California is $85,267, with bills making up 40% of that.

3. New Jersey

  • Households in New Jersey pay $2,727 in monthly bills or $32,722 annually.
  • Expenses in New Jersey are 33.2%, or $8,165, more than the national average.
  • The average household income in New Jersey is $92,374, with bills making up 35% of that.

4. Massachusetts

  • Households in Massachusetts pay $2,656 in monthly bills or $31,867 annually.
  • Expenses in Massachusetts are 29.8%, or $7,310, more than the national average.
  • The average household income in Massachusetts is $90,015, with bills making up 35% of that.

5. Maryland

  • Households in Maryland pay $2,569 in monthly bills or $30,828 annually.
  • Expenses in Maryland are 25.5%, or $6,271, more than the national average.
  • The average household income in Maryland is $91,068, with bills making up 34% of that.

6. Connecticut

  • Households in Connecticut pay $2,504 in monthly bills or $30,051 annually.
  • Expenses in Connecticut are 22.4%, or $5,494, more than the national average.
  • The average household income in Connecticut is $87,211, with bills making up 34% of that.
Photo credit: Colton Duke

7. New York

  • Households in New York pay $2,495 in monthly bills or $29,936 annually.
  • Expenses in New York are 21.9%, or $5,379, more than the national average.
  • The average household income in New York is $78,147, with bills making up 38% of that.

8. Washington

  • Households in Washington pay $2,468 in monthly bills or $29,621 annually.
  • Expenses in Washington are 20.6%, or $5,064, more than the national average.
  • The average household income in Washington is $80,881, with bills making up 37% of that.

9. Colorado

  • Households in Colorado pay $2,413 in monthly bills or $28,956 annually.
  • Expenses in Colorado are 17.9%, or $4,399, more than the national average.
  • The average household income in Colorado is $77,375, with bills making up 37% of that.

10. Alaska

  • Households in Alaska pay $2,335 in monthly bills or $28,018 annually.
  • Expenses in Alaska are 14.1%, or $3,461, more than the national average.
  • The average household income in Alaska is $79,389, with bills making up 35% of that.



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