Which state in the United States has the most valuable money? A comparison of the cost of living in each state.

Want to move but don't know where to go to save money? This set of data might change your decision.

According to the latest research, the differences in the cost of living across the states in the United States are outrageous—

• Hawaii's annual expenditure is $76,828, while West Virginia is only $32,817, a difference of more than 5 times.
• California's electricity costs are 43% higher than those in Mississippi.
• Alaska's electricity costs are 83% higher than those in Louisiana.
• Washington D.C. annual spending is $60,473, which is approaching California's $57,195.

Top 5 Cheapest States: Mississippi ($32,529/year), Kansas ($33,031/year), Louisiana ($34,486/year), Georgia ($34,180/year), Indiana ($34,694/year)

Top 5 Most Expensive States: Hawaii ($76,828/year), Washington D.C. ($60,473/year), Massachusetts ($59,797/year), California ($57,195/year), New York ($50,801/year)

Why is there such a big difference? It mainly has to do with housing prices, shipping costs, and local demand. Remote states (like Hawaii and Alaska) are expensive for everything, and urban areas are not cheap either.

If you are considering reducing living costs, moving to the Midwest or South can directly save you over 50% of annual expenses. Conversely, if you choose big cities or coastal areas, be prepared mentally.

Where does your hometown rank? Leave a comment to discuss your actual expenses.