StateRates
BEA regional price parities ยท 2024

What a dollar buys, state by state

Regional price parities measure what a dollar buys in one place against the national average of 100. California is the most expensive at 110.7 and Arkansas the least at 86.9. Housing carries most of that difference.

Most expensive 110.7 California
Least expensive 86.9 Arkansas
Wage goes furthest $80,073 District of Columbia
Metro areas 387 measured separately

Where a wage actually goes furthest

The interesting question is not which state is cheap, it is where a salary buys the most. Cheap states usually pay less; expensive states usually pay more. Dividing the median wage by the local price parity puts every state on the same footing, and the answer is not the one either a wage table or a cost of living table gives on its own.

Median wage adjusted for local prices
# State Median wage Price level Worth nationally
1 District of Columbia $88,000 109.9 $80,073
2 Massachusetts $62,270 105.8 $58,856
3 Alaska $59,400 102.4 $58,008
4 Washington $61,590 107.0 $57,561
5 North Dakota $50,320 89.0 $56,539
6 Colorado $58,210 103.1 $56,460
7 Connecticut $58,400 103.6 $56,371
8 Maryland $58,050 105.0 $55,286
9 Minnesota $53,810 98.6 $54,574
10 Iowa $47,670 87.8 $54,294
11 New York $58,560 107.9 $54,272
12 Vermont $52,410 98.0 $53,480
13 Nebraska $47,990 90.1 $53,263
14 Wyoming $49,160 92.7 $53,031
15 Rhode Island $54,040 102.3 $52,825
16 New Jersey $57,230 108.8 $52,601
17 Virginia $53,020 101.1 $52,443
18 Wisconsin $48,930 94.1 $51,998
19 Kansas $46,850 90.1 $51,998
20 Ohio $48,060 92.8 $51,789
21 Oregon $53,390 103.4 $51,634
22 South Dakota $45,620 88.6 $51,490
23 California $56,940 110.7 $51,436
24 Delaware $51,030 99.8 $51,132
25 Missouri $46,390 90.8 $51,090
26 Maine $49,440 97.1 $50,917
27 Kentucky $45,740 90.2 $50,710
28 New Hampshire $52,610 104.2 $50,489
29 Indiana $46,930 93.3 $50,300
30 Michigan $48,300 96.2 $50,208
31 Tennessee $46,120 91.9 $50,185
32 Montana $47,360 94.6 $50,063
33 Oklahoma $43,950 87.8 $50,057
34 Illinois $50,000 100.0 $50,000
35 North Carolina $46,950 94.3 $49,788
36 New Mexico $45,870 92.2 $49,751
37 Pennsylvania $48,550 97.6 $49,744
38 Louisiana $43,770 88.2 $49,626
39 Alabama $43,830 88.8 $49,358
40 Utah $48,600 98.9 $49,141
41 Texas $47,500 97.1 $48,919
42 Georgia $47,020 96.3 $48,827
43 Idaho $46,470 95.5 $48,660
44 Arizona $48,810 100.7 $48,471
45 Hawaii $53,260 110.0 $48,418
46 West Virginia $43,320 89.5 $48,402
47 South Carolina $44,760 93.7 $47,769
48 Arkansas $41,020 86.9 $47,204
49 Nevada $46,440 100.0 $46,440
50 Florida $46,860 103.4 $45,319
51 Mississippi $39,070 87.0 $44,908

Wage figures from the BLS occupational survey, price parities from U.S. Bureau of Economic Analysis, Regional Price Parities, SARPP, 2024.

Every state by price level

Regional price parities, 2024. National average is 100
# State All items Goods Rents Services Housing gap
1 California 110.7 106.1 154.3 158.9 + 43.6
2 Hawaii 110.0 111.6 125.3 190.2 + 15.3
3 District of Columbia 109.9 106.5 155.0 112.8 + 45.1
4 New Jersey 108.8 107.1 134.3 114.2 + 25.5
5 New York 107.9 107.3 122.2 134.4 + 14.3
6 Washington 107.0 104.4 126.0 92.9 + 19
7 Massachusetts 105.8 98.8 128.1 152.1 + 22.3
8 Maryland 105.0 102.5 121.1 110.9 + 16.1
9 New Hampshire 104.2 98.6 114.9 133.7 + 10.7
10 Connecticut 103.6 97.3 117.0 146.5 + 13.4
11 Florida 103.4 98.1 122.1 90.1 + 18.7
12 Oregon 103.4 105.3 108.6 107.0 + 5.2
13 Colorado 103.1 98.7 127.4 85.0 + 24.3
14 Alaska 102.4 106.3 93.8 119.0 -8.6
15 Rhode Island 102.3 97.2 105.6 146.7 + 3.3
16 Virginia 101.1 100.4 106.8 92.2 + 5.7
17 Arizona 100.7 95.4 106.8 92.3 + 6.1
18 Illinois 100.0 103.8 93.9 85.0 -6.1
19 Nevada 100.0 96.3 114.1 90.5 + 14.1
20 Delaware 99.8 96.2 102.0 103.8 + 2.2
21 Utah 98.9 96.4 107.8 78.7 + 8.9
22 Minnesota 98.6 100.5 91.3 90.8 -7.3
23 Vermont 98.0 97.3 86.5 125.8 -11.5
24 Pennsylvania 97.6 99.4 85.1 109.3 -12.5
25 Maine 97.1 97.2 78.9 135.2 -18.2
26 Texas 97.1 98.1 96.5 87.5 -0.6
27 Georgia 96.3 98.9 88.7 92.8 -7.6
28 Michigan 96.2 96.0 82.3 100.2 -13.9
29 Idaho 95.5 96.3 90.0 70.4 -5.5
30 Montana 94.6 96.0 84.6 72.3 -10
31 North Carolina 94.3 96.6 81.4 88.6 -12.9
32 Wisconsin 94.1 94.3 79.3 89.9 -14.8
33 South Carolina 93.7 96.3 80.5 88.3 -13.2
34 Indiana 93.3 95.5 73.9 85.5 -19.4
35 Ohio 92.8 93.7 73.0 95.8 -19.8
36 Wyoming 92.7 95.4 71.1 78.4 -21.6
37 New Mexico 92.2 96.1 73.6 77.9 -18.6
38 Tennessee 91.9 96.2 79.1 72.1 -12.8
39 Missouri 90.8 96.3 69.9 79.4 -20.9
40 Kentucky 90.2 96.0 64.3 75.3 -25.9
41 Kansas 90.1 94.0 71.2 88.4 -18.9
42 Nebraska 90.1 94.1 75.2 75.6 -14.9
43 West Virginia 89.5 96.5 54.2 92.2 -35.3
44 North Dakota 89.0 95.7 71.4 73.7 -17.6
45 Alabama 88.8 96.4 61.8 84.6 -27
46 South Dakota 88.6 95.5 67.6 79.7 -21
47 Louisiana 88.2 93.7 63.1 71.5 -25.1
48 Iowa 87.8 93.7 65.3 83.3 -22.5
49 Oklahoma 87.8 93.8 62.8 73.9 -25
50 Mississippi 87.0 96.2 56.5 78.4 -30.5
51 Arkansas 86.9 93.6 58.2 74.7 -28.7

Housing gap is how far rents sit from the state's own overall level, which shows whether housing is what makes a state expensive. Source: U.S. Bureau of Economic Analysis, Regional Price Parities, SARPP, 2024. Retrieved 2026-09-09.

Metro areas at the extremes

Frequently asked questions

What is the cheapest state to live in?

By overall price level, Arkansas at 86.9 against a national 100, with rents at 58.2. Cheap is not the same as affordable, though: wages are usually lower too. The table further down ranks states by what a median wage actually buys after prices.

What is the most expensive state?

California, at 110.7. Its rents sit at 154.3, which is where nearly all of the difference comes from.

Where does a salary go furthest?

District of Columbia. Its median wage of $88,000 buys what $80,073 buys nationally. States that pay the highest nominal wages rarely top this list, because they charge for it in housing.

How is this measured?

The Bureau of Economic Analysis collects prices for the same basket of goods, rents and services across regions and expresses each area against the national average. It uses the same underlying price collection as the consumer price index, but compares places rather than time periods. It is the only official measure of cost of living differences between American states.