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These states are the most expensive states in America

Inflation has eased significantly from last year’s highest level in more than 40 years, and recently June consumer price index readings However, inflation remains high across the country. And some states are more stubborn than others.

Because the cost of living is an important factor in statewide competitiveness, CNBC annually Best US States for Business research considers it in our methodology When ranking states.

We evaluate states based on price indices for a wide range of goods and services calculated by the Community Economic Research Council.This year, when the country is stuck in a quagmire, a new house price crisis, also takes into account data from the National Association of Realtors’ Affordability Distribution Score, which examines the affordability of homes for sale across all income levels as of the end of last year. In general, a score of 1 or higher indicates an affordable housing market, while a score below 1 indicates that there are not enough listings in the local buyer range and the affordable market indicates that it is not

Some states are relatively bargains even in this inflationary age. America’s most liveable states. But the states below are by no means a bargain. Get ready for a tour of America’s most expensive states.

Aerial view of new housing construction at a housing development outside of Phoenix in Queen Creek, Arizona on June 9, 2023.

Mario Tama | Getty Images

9. (Tie) Arizona

Grand Canyon State is no stranger to growing pains. But as the population surged, the supply of housing dwindled, Arizona increasingly lagging behind demand. The average price of a 2,400-square-foot, four-bedroom home in Lake Havasu City topped $1 million last year, more than double the price in Sarasota, Florida.

2023 cost of living score: 13 out of 50 (top state grade: D-)

consumer price index (June, West Region): 3.5% increase

Housing Affordability Score: 0.51/2.00

average house price (City of Lake Havasu): $1,004,158

half a gallon of milk (Phoenix): $2.09

monthly utility bills (Phoenix): $264.56

“Available” and “Sold” signs outside a new home in the CBH Homes Calvary Springs community in Nampa, Idaho.

Kyle Green | Bloomberg | Getty Images

9. (tie) Idaho

Idaho Here, too, the real estate market is in a frenzy, making the entire cost of living increasingly unaffordable. Based on income levels, Idaho ranks with Montana and Hawaii as the most affordable states in the nation, according to the National Association of Realtors. And housing prices are spilling over into the rental market, where a $1,600 a month two-bedroom apartment is twice as expensive as in Hot Springs, Arkansas. However, the state’s most famous exports are still available for trade. $2.21 for a 5-pound bag of potatoes is less than half what you’d pay in Decatur, Illinois.

2023 cost of living score: 13 out of 50 (top state grade: D-)

consumer price index (June, West Region): 3.5% increase

Housing Affordability Score: 0.42/2.00

average house price (Boise): $576,971

half a gallon of milk (Twin Falls): $2.79

monthly utility bills (Boise): $126.17

Rachel Chamberlin, a registered nurse from Cornish, New Hampshire, left, and COVID-19 patient Fred Rutherford, right, in an isolation room at Dartmouth-Hitchcock Medical Center in Lebanon, New Hampshire, Monday, January 3. to take care of 2022.

Stephen Sene AP

9. (tie) New Hampshire

Health care costs are the biggest driver of inflation new hampshire, in Granite State, doctor visits cost over $175, or twice as much as in Baltimore. A trip to the dentist costs over $150, almost double what it costs in Peoria, Illinois. And a $115 eye doctor appointment is 36% more expensive than it would cost in Detroit.

2023 cost of living score: 13 out of 50 (top state grade: D-)

consumer price index (June, Tohoku region): 2.2% increase

Housing Affordability Score: 0.57/2.00

average house price (Manchester): $441,922

Half a gallon of milk: $2.66

Monthly electricity bill: $225.85

National Grid employee Jesus Garcia inspects a valve at an underground gas substation on Broadway Street in Newport, Rhode Island, as gas is being purged from a power line.

John Tolmach Boston Globe | Getty Images

8. Rhode Island

According to the U.S. Department of Energy, Rhode Islanders are much more dependent on natural gas and kerosene than other states. This helps explain why there are energy costs. rhode island Very expensive. You’ll be paying him twice as much in monthly utility bills as you would if you lived in Laramie, Wyoming. Prices here skyrocketed last year due to the war in Ukraine. Some price drops, but still not enough to make Ocean State affordable.

2023 cost of living score: 12 out of 50 (top state grade: D-)

consumer price index (June, Tohoku region): 2.2% increase

Housing Affordability Score: 0.52/2.00

average house price (Providence): $462,061

Half a gallon of milk: $2.42

Monthly electricity bill: $251.32

Seattle’s housing market is experiencing explosive growth as employers ramp up hiring.

Getty Images

7. Washington

depending on where you live WashingtonHouse prices in Evergreen are really high, with a four-bedroom home in Seattle costing nearly $1 million and a two-bedroom apartment costing $3,600 a month. Food is expensive, too. Expect to pay over $5 for a loaf of bread, or more than double what she would pay in Midland, Texas.

2023 cost of living score: 11 out of 50 (top state grade: D-)

consumer price index (June, West Region): 3.5% increase

Housing Affordability Score: 0.51/2.00

average house price (Seattle): $940,665

Half a gallon of milk: $2.97

Monthly electricity bill: $188.83

55+ community in Bozeman, Montana.

Contessa Brewer | CNBC

6. Montana

Montana Having become such a popular haven during the pandemic, Big Sky Country now has high housing prices to match. Montana has a tripartite partnership with Idaho and Hawaii for the most affordable home prices in the nation. According to the Federal Housing Finance Agency, home prices rose 55% from before the pandemic to the end of last year. Prices are starting to fall as mortgage rates rise, but concerns about the stability of the housing market are growing.

2023 cost of living score: 10 out of 50 (top state grade: F)

consumer price index (June, West Region): 3.5% increase

Housing Affordability Score: 0.42/2.00

average house price (Boseman): $719,461

Half a gallon of milk: $2.24

Monthly electricity bill: $140.00

A man walks his dog along the Hudson River as the sun rises over New York City’s Midtown Manhattan skyline, Hudson Yards and the Empire State Building on June 25, 2023 in Hoboken, New Jersey.

Gary Harshawn | Corbis News | Getty Images

5. New York

Real estate prices in the five boroughs of New York City are affordable due to higher wages, but are in the stratosphere compared to the rest of the country. But it’s not just housing that is expensive. new york, it’s not just New York City. Basic goods and services can be expensive across the state. Dry cleaning a men’s suit in Albany costs more than double what it costs in Columbia, South Carolina.

2023 cost of living score: 9 out of 50 (top state grade: F)

consumer price index (June, Tohoku region): 2.2% increase

Housing Affordability Score: 0.56/2.00

average house price (Manhattan): $2,434,977

Half a gallon of milk: $3.04

Monthly electricity bill: $183.24

Homes seen south of Boston from Dorchester Heights in Boston, Massachusetts, on March 21, 2023.

Matt Stone | Media Newsgroup | Boston Herald via Getty Images

4. Massachusetts

A two-bedroom apartment in Boston costs more than six times as much as it does in Kalamazoo, Michigan. Massachusetts, Bay State spills over into the economy. Average utility bills are more than 2.5 times higher than his in Baton Rouge, Louisiana. Medical care here is excellent, but seeing a doctor costs nearly twice as much as he does in Kansas City, Missouri.

2023 cost of living score: 7 out of 50 (top state grade: F)

consumer price index (June, Tohoku region): 2.2% increase

Housing Affordability Score: 0.54/2.00

average house price (Boston): $921,897

half a gallon of milk: $3.13

Monthly electricity bill: $257.12

House in Portland, Oregon.

Denise Frates | Avalon | Universal Images Group | Getty Images

3. Oregon

Home affordability is a big issue in Beaver, but it’s only marginally more affordable than the three states Idaho, Montana, and Hawaii mentioned above.just walk around Oregon Gas prices can get expensive, with gas prices among the highest in the nation, according to AAA.

2023 cost of living score: 6 out of 50 (top state grade: F)

consumer price index (June, West Region): 3.5% increase

Housing Affordability Score: 0.45/2.00

average house price (Portland): $661,664

Half a gallon of milk: $2.88

Monthly electricity bill: $157.38

A new residential development built along a canal near the Mokern River near Stockton, California on May 22, 2023.

George Rose | Getty Images

2. California

for decades, California It was the ultimate growth story. Things have changed in 2020. lost population for the first time in a century. Despite the ongoing population exodus, the Golden State still faces a massive housing shortage.one estimate, the state needs to build 180,000 new units a year, but only a fraction of them are being built. The result was America’s worst poverty, homeless Fees or prices for many basic needs that are out of your control. A dozen eggs cost nearly twice as much in San Francisco as he does in Yuma, Arizona.

2023 cost of living score: 4 out of 50 (top state grade: F)

consumer price index (June, West Region): 3.5% increase

Housing Affordability Score: 0.46/2.00

average house price (San Francisco): $1,502,557

Half a gallon of milk: $3.38

Monthly electricity bill: $267.64

A couple of Molly or Laysan albatross (P. immutabilis) (endangered species) show courtship behavior near their homes at the Princeville Makai Golf Club in Kauai, Hawaii.

Wolfgang Koehler | Wolfgang Koehler Light Rocket | Getty Images

1. Hawaii

Hawaii It was always expensive due to its location and the fact that so many basic items had to be transported from elsewhere. But the housing crisis has made matters worse. A four-bedroom house in Honolulu costs about four times as much as in Daytona Beach, Florida. Gas prices are the highest in the nation, and the only state with the highest food prices in the country is Kodiak, Alaska. America’s most expensive states may look like paradise, but prices are hell.

2023 cost of living score: 2 out of 50 (top state grade: F)

consumer price index (May, Honolulu area): 2% increase

Housing Affordability Score: 0.42/2.00

average house price (Honolulu): $1,605,915

Half a gallon of milk: $4.32

Monthly electricity bill: $309.47

https://www.cnbc.com/2023/07/12/these-states-are-americas-most-expensive-to-live-in.html These states are the most expensive states in America

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