States Ranked By Cost Of Living 2024. The cost of living index (coli) compiles the six subcategories (housing, utilities, grocery items, transportation, health care, and miscellaneous goods and services) into a single value. To determine quality of life in each state, source evaluated each state across 51 indicators, ranging from housing costs and income growth to the education rate and quality of.
The index uses the average cost of living in the u.s. Utah came out on top as the most affordable state, thanks to manageable health care costs.