10 States With the Lowest Cost of Living

5) Kentucky

Filled with natural beauty, historical landmarks, and long-serving events such as the Kentucky Derby and Kentucky basketball, tourism plays a big part of the economy in Kentucky. It’s a resource-rich state that builds a population while not encroaching on agricultural land.

Kentucky is in a great position for the future. While its cost of living is nearly 20% less than the national average, Kentucky either has or is in close proximity to an amazing number of natural resources from agriculturally grown produce and meats, to coal, gas and water.

Closer to the larger cities of Louisville and Lexington you may find expensive homes and large ranches and equestrian estates toppling $1,000,000. However, throughout much of the state home prices average below $100,000. Kentucky is also slowly becoming rich in national and global corporate offices and manufacturing which drives the unemployment level down and attracts new residents looking to take advantage of jobs and low cost of living.