Millennials accounted for28% of homebuyersin the U.S. in 2022, according to the National Association of Realtors. 3. The median home value is $514,900, and the median household income is $129,503. Transportation costs are 7% lower than the national average, and the average commute time is only 23 minutes, according to the Census Bureau. Hawaii - 47.4641. This study analyzed all 50 states across 11 different, relevant factors, including various cost of living indices for everyday expenditures like transportation, groceries, and healthcare, to larger, monthly, and annual expenditures like monthly rent, mortgage payments, property, and sales taxes. Is your state among the best to live in this year? Arkansas' transportation costs are 9% lower than the national average and about two-fifths of the U.S. population lives within 550 miles of the state's borders, according to the Arkansas Economic Development Commission. Population: 35,384 Location: Suburb of St. Louis. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Hanover received an A-plus for public schools and A grades for outdoor activities and commute, while its lowest grade is a C for weather. The state has the country's lowest corporate income tax rate, according to the nonprofit Tax Foundation. Population: 19,601 Location: Suburb of Jacksonville, Florida. 12 for public health funding, spending $161 per person, slightly above the national average. Its drawback is a C-plus cost of living. Violent crime in New Hampshire is the second-lowest in the nation. Web# 1 Washington # 2 Minnesota # 3 Utah # 4 New Hampshire # 5 Idaho See Full Rankings List More Rankings Health Care Education Economy Infrastructure Opportunity Fiscal Stability Is your state in the middle of the pack? 42 Kentucky, No. The median home value is $372,100, and the median household income is $119,772. Come along for the ride! How comprehensive are New Jersey's public accommodation laws? The city didnt receive a grade below B-minus in any category. 44 Oklahoma, No. Scottsdale, Arizona. Wisconsin also outperforms the nation in fourth-grade NAEP scores. West Virginia, No. The 10 Best Places to Live in the U.S. in 2022-2023: 1. Meanwhile, their ranking on the overall list is considerably lower. The median home value is $533,000, and the median household income is $134,722. Thats the largest 12-month increase since the 12-month period that ended in June 1982, the latter era being one of double-dip recession and sky-high interest rates implemented to rein in the runaway inflation of the late-1970s. Miami to London in half the time? Fans wave to children at the University of Iowa Stead Family Children's Hospital during the Iowa football game at Kinnick Stadium in Iowa City, Iowa. With workers in short supply, companies are doing all they can to attract them. West Virginia has the lowest housing costs of any U.S. state besides Mississippiless than 30% of the national average, according to the 2022 Council for Community and Economic Research report. "Second, try talking to locals, maybe at a restaurant, small caf, or grocery store. Washington is ranked #2 in America's Top States for Business for 2022. April 24, 2023, at 2:09 p.m. Hydroelectric and wind power make up the bulk of the state's power supply. The state also has a low poverty level, with 9.8% of residents falling at or below the poverty line. The state's roads are relatively well maintained, with 11% needing repair. CNBCs annual Americas Top States for Business study considers multiple measures of life, health and inclusion. If youre a young person looking for a fresh start, sick of living paycheck to paycheck due to insane rent prices and want to find a community that will welcome you with open arms, this list is for you. But living in New Orleans costs as much as 20% more than anywhere else in the state. Below is a list of the five most expensive states to live in the U.S. according to the study: The full list of all themost expensive states and least expensive states to live inprovides a more thorough breakdown of all 11 factors that went into the study. WebThe Top 10 BEST States to live in the USA for 2022. As food costs rise across the United States, Nebraska's reliance on locally grown food has kept prices more stable than in other parts of the country. On the other hand, Nocatees nightlife and commute received C-plus grades. The cost of living in Wisconsin is lower than the national average, with a cost of living index of 93.5. San Jose, California 6. 1: These metros had the highest inflation in the US, Oops: Copy-paste error results in Nevada homebuyer getting 87 properties for the price of one home. The Kansas City Chiefs on Saturday selected Stephen F. Austin edge rusher BJ Thompson with their fifth-round pick in the 2023 NFL Draft No. Which Business Owners Get The Most Tax Savings From Cash Balance Plans? While the top ten states frequently change, the worst-performing states tend to be the same from year to year. Florida. 2022 Life, Health & Inclusion Score: 231 out of 325 points (Top States Grade: B). North Dakota's unemployment rate was among the lowest in the U.S., according to the Bureau of Labor Statistics. It did not receive lower than a B-minus in any category. The median home value is $574,100, and the median household income is $196,364. The U.S. News & World Report's Best State Rankings bring together several sources of information to paint a picture of how well states are meeting their residents' needs. Each state was then graded out of 100. More good news for Tennesseeans: The average effective property tax rate in 2022 in the state was only 0.56%. Here are the top 10 cheapest places to live; you can access the full list here. Diana Robinson Photography | Moment | Getty Images. Ranking Performance Throughout All 50 States. Today, Oregon's election system is considered the gold standard, with the best score in a "cost of voting index" developed by researchers at Northern Illinois University. Mississippi has the lowest cost of living in the nation, with housing costs 32% lower than the national average. The Falcon Heavy is scheduled to lift off from NASA's Kennedy Space Center in Florida at 7:29 p.m. EDT (2329 GMT), carrying two satellites toward distant geostationary orbit. The increasing pressure of inflation on the American economy, and household, is making cost of living an even greater issue than it had already been. Cedar Park, Texas. The Biloxi Lighthouse in Biloxi, Mississippi. Total score: 63.01. Alabama T-3. Plus Boston and baked beans!? Kentucky - 46.3943. The state already has more than 5,400 licensed childcare facilities serving a population of 7.7 million. The top 10 states to live in and their grades are listed West Virginia, which ranked as the No. Just across the Connecticut River from Norwich is Hanover, New Hampshire, home of Dartmouth College and #18 on this list. Fort Wayne, Indiana Wichita Falls, Texas Brownsville, Texas South Bend, Indiana Dayton, April 24, 2023, at 2:09 p.m. Families should be prepared for D-plus inclement weather for at least part of the year in South Russell. California 48. Indiana's housing market is not very competitive. Not sure how to decide to move? 43 Alabama, No. Casper, Wyoming. By entering your email address you agree to our Terms of Use and Privacy Policy and consent to receive emails from Time Out about news, events, offers and partner promotions. There are a few guidelines and To publish, simply grab the HTML code or text to the left and paste into Besides the world-class destination of New York City, this state has tons of state parks and natural beauty, great museums and one of the worlds most famous waterfalls. That includes locating in states that are welcoming, inclusive, and offer a great quality of life. The median home value is $663,300, and the median household income is $197,820. But now as 2022 is more than halfway gone, some are perhaps thinking of moving before winter settles in. Those gains are primarily in the trade, transportation, utilities, professional and business services sectors, and construction and manufacturing. The ranking considers school ratings, cost of living, and proximity to family-friendly amenities. If you want to learn more about how this list came together, please check out our methodology page and ranking criteria. The Best Places to Retire Overseas. In addition to lower home prices, South Carolina also collects fewer tax dollars per resident than all but seven states, according to a Tax Foundation analysis of state tax revenues. The Peace Garden State has tackled drug abuse by removing the stigma surrounding drug treatment. Each state's cost of living index was calculated using data from a voluntary survey to find the average index of metro areas and cities measured in each state. Population: 18,399 Location: Suburb of Houston. That helps keep prices low and the state more affordable. Furthermore, New Hampshire has the nation's most stringent climate change policies and has one of the highest rates of renewable energy consumption. In 2021, Florida's GDP was over $1.1 trillion. Results were limited to one city per state to promote geographic diversity. Maine isn't just a safe 5 Connecticut, property taxes play a much bigger role in pushing up monthly housing costs: New Jersey has the highest effective property tax rate at 2.13%, and Connecticut isnt far behind with an effective property tax rate of 1.73%. More than 1 in 5 Illinois residents live in or near Chicago, the third most populous city in the United States. 2022 Life, Health & Inclusion Score: 256 out of 325 points (Top States Grade: B+). WalletHub has studied the data to compare all 50 states across 52 comparison points of livability, from housing costs and income growth to education standards, safety, quality of life and the quality of hospital care. Among younger millennials, those ages 24 to 32, who bought homes in 2022, 7 in 10 were first-time buyers; less than half of older millennials (46%), those ages 33 to 42, were first-time buyers. While major cities like New Follow her on Twitter @opheligarcia and Instagram @opheligarcia. Every year, the list changes: we conduct exclusive studies and surveys, adjust our algorithm and add new variables and data points. The National Association of Realtors named Atlanta as the top housing market to watch in 2023. CNBC named Virginia the best state for business in 2021. 48 Louisiana. your CMS. The average home price in South Carolina in 2022 was $239,500, according to a Rocket Homes analysis. U.S. & World News ranks Washington State as the best state to live in in 2022, a position its held since 2019. If your organization is interested in becoming a Stacker On the other hand, it received a C for ethnic and economic diversity. The University of Michigan provides a robust and homegrown talent pipeline for healthcare and tech sectors, and the colleges presence keeps the Continue reading Ann Arbor, MI, Rochester, MN, is always brewing with excitement, as the community boasts gorgeous Midwest scenery, an arts scene full of galleries, theaters and museums, must-try fine dining and food truck favorites, Continue reading Rochester, MN, A western suburb of Chicago, Naperville, IL, is a growing oasis where big-city attractions think a diverse cuisine scene, performing arts venues, various shops, family-friendly spaces and a thriving Continue reading Naperville, IL, Part of the Kansas City metro area is Overland Park, KS, a bustling city full of diverse dining options (the melting pot of food, if you will), amazing art museums Continue reading Overland Park, KS, Minneapolis, MN, ranks as one of the best places to live in the U.S. partly because of its innovative economy that touches a breadth of industries from software to renewable Continue reading Minneapolis, MN, A few decades ago, Fishers, IN, was a small town with less than 10,000 residents. 2, 55th overall) T Wanya Morris, Oklahoma (Rd. WebThe Top Ten Best States to Live in 2022 Wisconsin (#8 overall) Virginia (#7 overall) Nebraska (#6 overall) Idaho (#5overall) North Dakota's booming economy, high median wages, and low state income taxes made this Midwestern state an affordable place to live in 2022. Plus, half the respondents in the latest survey of the CNBC Global CFO Council agreed that it is important to do business in a state where the laws are as open and inclusive as possible. Strengths: Childcare, Anti-discrimination laws. High-speed internet access is also widely available, with 90% of residents having access. How is this city different from other places? Got a confidential news tip? It has the highest number of high-ranking unis and offers the best graduate salary in all the states. The personal finance website has come up with a ranked list of the top 20 best states to live in for 2022. Rankings published by personal finance website WalletHub didn't just examine rent prices which have risen 14% year-over-year in the U.S. but other affordability metrics for each market, too. Is this heaven? Minnesota 10. These metrics included weather, school quality, crime rates, resident satisfaction surveys, average commute costs and the strength of the local job market. Carmel received an A for housing, and the city didnt receive lower than a B-minus in any category. The median home value is $1.38 million, and the median household income is $193,417. Sandwiched between the Kyrenia Mountains and the warm waters of the Mediterranean, Kyrenia features incredible seascapes. Theres little to dislike in the suburb, receiving no less than a B-minus in all categories. The state's long lifespan is likely due to the healthy habits of its people, who are among the best-rested and most active in the country. According to AAA's national gas prices index, Kentucky's gas prices are consistently lower than the national average. restrictions, which you can review below. Exciting things are happening in Ann Arbor, MI. 2022 Life, Health & Inclusion Score: 308 out of 325 points (Top States Grade: A+), Strengths: Voting Rights, Childcare, Health Care, Air Quality, Weakness: Inclusiveness (strong, but not as strong as the other metrics). Paying less at the pump is partly due to Alabama's proximity to oil refineries. Wyoming produces both coal and renewable energy, making utility costs almost 20% lower than the national average. While Florida's K-12 Public schools perform about on par with national averages, the state's higher education system ranks first in the nation for access and affordability. New Hampshire 7. The median home value is $459,500, and the median household income is $121,509. Holly Hills received A-plus grades for public schools, nightlife, and health and fitness offerings. Sign up for our email to enjoy your city without spending a thing (as well as some options when youre feeling flush). WalletHub has an answer. If there is time, try visiting in different seasons, different days of the week, and different times of the day," Anacker said. Opheli Garcia Lawler is a Staff Writer on the News team at Thrillist. While the cost of living may be lower, according to the Census Bureau, almost 20% of the state lives in poverty. Want to compare notes with the best US cities to live in? American Airlines agrees to purchase supersonic planes, Want to buy a 'fixer-upper' home? U.S. & World News ranks Wisconsin as the eighth-best state to live in, primarily due to the education and opportunity it affords its people. Each state was then graded out of 100. 3 cheapest state to live in Alabama reported the lowest median annual real estate taxes at $679, and the No. Check out WalletHubs 10 best states for retirement to get the most out of your golden years: 1. Within those five factors, a total of 52 different variables were evaluated. 2022 Life, Health & Inclusion Score: 245 out of 325 points (Top States Grade: B+). Healthcare in Massachusetts is also among the best in the nation, ranking first in access to care, with the greatest number of providers per capita for both primary care and mental health. The farther away someone lives from the Windy City, the lower the cost of living, including home prices, an average of 20% less than the national average. Surgeons perform a liver transplant procedure at The Mayo Clinic. West Virginia 2. Condominiums along the coast of Miami. 6 least expensive state to live in, has the lowest median monthly housing costs at $1,050. Time to move to Mass! It was ranked fifth for education and health, seventh for quality of life, 39th for economy and a not-quite-the-worst-but-close ranking of 48th for affordability. , Photos: Sky News 13 flies over Good Friday pilgrimages, PHOTOS: Storm moves through New Mexico leaving snow, Snow causes difficult driving conditions across NM, Map: New Mexico Veterans Monuments and Memorials, BestReviews.com - Top gifts to make everyone happy this spring, Drew Barrymores Walmart collection is perfect for, Best Mothers Day gifts for the budding plant mom, Best Mothers Day Gifts for moms obsessed with books, 13 Broadcast Pl SW, Albuquerque, NM, 87104, Do Not Sell or Share My Personal Information. Alaska, which put in more legal protections and bolstered support for young people and families, saw its score rise 8.1 points, the largest increase of any state. Each of the top 10 states has different things going for them, and even though Massachusetts is at the top of the list, it doesn't come in first place in every category. The education effort appears to be working. South Dakota does not have an individual or corporate income tax, which keeps more money in residents' and business owners' pockets. Here are the results! Oklahoma housing prices are almost 30% below the national average, making this state the second-lowest in the country for cost of living. To that end, most Stacker stories are freely available to So, workers increasingly can name their own terms. The state's reliance on coal rather than clean energy put its average utility costs almost 4% higher than the national average. republish under a Creative Commons License, and we encourage you to Head here to read about the worst states to live in in 2022.. 20th in the world for quality of life metrics, second in the nation for population growth, nation's best scores on the National Assessment of Education Progress, nine percent of its bridges are structurally deficient, 9.8% of residents falling at or below the poverty line, 422 out of 100,000 individuals imprisoned, 21% of its energy comes from renewable sources, High-speed internet access is also widely available, number one state in the nation for creditworthiness, rate of property crime in the United States is twice that of New Hampshire, highest rates of renewable energy consumption, lowest levels of smoking and excessive alcohol consumption, nine percent of residents living at or below the poverty line, Wallethub ranks Minnesota the fourth-best state to raise a family, America's Health Rankings - Annual Report, Idaho has the Highest State GDP Increases in the Nation, Bureau of Labor Statistics, Census Report, Clean, Cool Water, Which USA States Have the Worst Water Quality, What American Can Learn from Florida's Boom, Energy Information Administration, Washington, Energy Information Administration, State of Idaho Projecting Anther Record Budget Surplus, Energy Information Administration, Infrastructure Report Card, State Profiles, National Institute of Corrections, 2019 National Averages. While the nation's average is 104 unhealthy air quality days annually, New Hampshire experiences just 14 days of poor air quality a year. Wallethub ranks Minnesota the fourth-best state to raise a family, citing the high median family salary and low levels of separation and divorce. Texas does not have a state income tax, giving residents more disposable income. Economic growth and falling crime rates have helped the state's overall ranking. 1 in America's Top States for Business, with the nations strongest economy, These 10 states are leading America in creating a crypto economy. Population: 82,068 Location: Suburb of Atlanta. Cities in California also appeared in the top rankings, with San Francisco ranked the highest at 14th overall, followed by San Jose, ranked 20th overall. A quarter of the roads are in poor condition, and nine percent of its bridges are structurally deficient. We Ranked the Top 10 Best AND Worst States to live in America so you know where to move to! Its lowest grade is a C-plus for weather. West Virginia - 46.8442. Medina received an A-plus for public schools and A grades for housing, jobs, and health and fitness offerings. Data was rounded to the nearest tenth of a percent. Alabama - 45.6144. Population: 6,654 Location: Suburb of Minneapolis. According to the Census Bureau, the average rent in Kansas is $912, and the average home value is $164,800. The Garden State is also one of America's safest in terms of violent crimes per capita. Washington leads the country in renewable energy levels, with nearly half of its energy coming from renewable sources. According to the Bureau of Labor Statistics (BLS), the consumer price index for all items increased by 7% over the last 12 months from December 2020 to December 2021. The state has some of the nation's best scores on the National Assessment of Education Progress (NAEP) across all grade bands and subjects. Florida 8. distribution partner, email us at Visualize your state's performance on the metrics that power the rankings. The median home value is $381,500, and the median household income is $152,662. SpaceX's powerful Falcon Heavy rocket will launch for the sixth time ever Thursday (April 27), and you can watch the action live. Add clean air, low crime and low stress, and you get America's Top State to live in for 2022. The claim website notes that they could be awarded up to 25% of the settlement or $181.3 million. Barron's rated Idaho number one state in the nation for creditworthiness. Cedar Rapids, Iowa. But these 10 states lead the way in Life, Health and Inclusion. New York 4. Yes, these are all statistically great places to live, but would you actually want to live here? The Ultimate Guide to Finding Your Best Place to Live, What a Budget of $300,000 or Less Will Get You in 10 Cities Across the Country, 6 Affordable Islands You Can Actually Live On, 10 Best Cities for Antique & Flea Market Lovers, 10 People On What Its Really Like to Leave NYC for a Smaller City, Copyright 2010-2023 Livability - Journal Communications, Inc, please check out our methodology page and ranking criteria. The claim website notes that they could be awarded up to 25% of the settlement or $181.3 million. Boulder, Colorado 5. Maine isn't just a safe state it's getting safer. The legendary Mayo Clinic is based in Rochester, but that is just one component of one of the best health care environments in the country. A Division of NBC Universal, Jim Cramer on the moment he made his first $1 million, published by personal finance website WalletHub.