Rating of the most expensive and cheapest states in America: where and how much do Americans spend - ForumDaily
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Rating of the most expensive and cheapest states in America: where and how much Americans spend

A new report reveals how much Americans are spending to pay their bills. Based on this, a ranking of the most expensive and cheapest states in the US was created. CNBC.

Photo: IStock

This week, the doxo bill payment service published United States of Bill Pay: State by State Bill Pay Market Report: A state of the bill payment market report that provides comparative information on household bill payment spending across the country.

The report focused on the ten most common categories of household accounts:

  • mortgage;
  • rent;
  • car loan;
  • utilities (electricity, gas, water and sewerage, as well as waste and recycling);
  • car insurance;
  • cable TV, internet and telephone;
  • medical insurance;
  • mobile phone;
  • alarm and security;
  • life insurance.

Doxo found that the average US household spends $2046 a month and $24 a year on bills. He ranked the most expensive and least expensive states to live in based on average monthly spending on actual household bill payments.

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The most expensive US state in terms of monthly expenses was Hawaii.

Hawaiians spend $3070 per month, 50% more than the national average of $2046.

The doxo report states that the average monthly mortgage bill in Hawaii is $2247 and the average rent is $1856.

Top 10 Most Expensive US States by Monthly Expenses

  • Hawaii
  • California
  • New Jersey
  • Massachusetts
  • Maryland
  • Connecticut
  • New York
  • Washington
  • Colorado
  • Alaska

California is the second most expensive state to live in, based on average monthly spending.

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According to a doxo report, the average bill value in California is $2838 per month, 38,7% above the national average. The highest monthly bill for California residents is the mortgage, which averages $2402, while those who rent average $1762 per month.

The city that is considered the most expensive in California is San Ramon, located 34 miles east of San Francisco. The average monthly account value for San Ramon is $4390.

According to Niche, San Ramon is one of the top XNUMX suburbs in California to raise a family, thanks to schools with upper secondary education and lower average levels of violence and property crime.

The cheapest state in terms of monthly expenses is West Virginia.

While the report showed that Hawaii is the most expensive state, on the other end of the spectrum is West Virginia. The state is considered the least expensive based on household bills.

The average bill value in West Virginia is $1530 per month, 25,2% below the national average.

According to a doxo report, the average mortgage in the state is $879 and the median monthly rent is $785.

West Virginia, located in the Appalachian region, is best known for its rolling mountains, earning it the nickname The Mountain State. Due to the rugged terrain of the state, West Virginia offers a wide range of outdoor activities, including mountain biking, hiking, white water rafting, and skiing.

Top 10 Cheapest States by Monthly Expenses

  • West Virginia
  • Mississippi
  • Арканзас
  • Oklahoma
  • Kentucky
  • Indiana
  • North Dakota
  • New Mexico
  • Missouri
  • Alabama

The state that ranks as the second least expensive based on household bills is Mississippi. The median monthly bill value in the state is $1616, 21,1% below the national average.

The average monthly mortgage is $1032 and the average monthly rent is $843.

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Mississippi is best known as a leader in agriculture and forestry. According to US News and World Report, the state produces most of the nation's farm-raised catfish and is also a leading producer of sweet potatoes, cotton, and timber.

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