Best and worst US states to live in as inflation keeps rising
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CHICAGO (NewsNation) — From the grocery keep to the fuel pump, inflation is practically unattainable to escape. Still, as it carries on to climb, some states are faring a minor little bit far better than other folks.
The states that are taking care of inflation the ideal are the states the place it is minimum highly-priced to dwell due to the fact historically, inflation has been the most inexpensive in people states. That’s owing to a mixture of things, together with regional inflation premiums from the federal federal government to the value of dwelling index.
Right here are the best 10 least expensive states to dwell in as inflation surges, according to CNBC’s unique America’s Top States for Business enterprise study, which ranks the states based mostly on an index price tag for a broad selection of merchandise and expert services.
- Mississippi
- Kansas
- Alabama
- Georgia
- Tennessee
- Missouri
- Iowa
- West Virginia
- Indiana
- Arkansas
NewsNation when compared the value of residing in two cities that have the same identify but minor else in popular — Manhattan, Kansas, and Manhattan, New York.
The cost of an regular property in Manhattan, Kansas, is $176,000, when the common lease is $860. Review that to Manhattan, New York, where the average property value is $1.4 million, and if you are fortunate, you can obtain an apartment for $4,200.
Meanwhile, inflation is hitting these 10 states the hardest:
- Hawaii
- New York
- California
- Massachusetts
- Oregon
- Alaska
- Maryland
- Connecticut
- Rhode Island
- Vermont
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