I blame the trans basketball kids.
Study: Mississippi among least affordable states in US
by: Garret Grove
Posted: Mar 31, 2024 / 07:08 AM CDT
https://www.wjtv.com/news/state/study-mississippi-among-least-affordable-states-in-us/JACKSON, Miss. (WJTV) – A new study shows that Mississippi’s distinction as being a cheap place to live may not be accurate.
USA Today recently calculated the cost of living across all 50 states. It found that Mississippi’s overall cost was $37,949 on average. Though that is the lowest cost in the U.S., the state also has the lowest median household income nationally at $52,719. Therefore, resident’s cost of living takes about 72% of their paycheck, the eighth highest percentage nationally. This, among other factors, led to the state’s cost of living rank being the ninth highest nationally.
Median household income was just one factor analyzed to determine a state’s overall cost of living. USA TODAY also used economic data associated with the following metrics:
Federal income tax and FICA contributions for a single filer
State income tax
Average reported grocery spending
Median homeowner costs for units with a mortgage
Yearly healthcare costs
Yearly gasoline costs
