10 States With the Lowest Cost of Living

6) Oklahoma

With the average income in Oklahoma at around $37,000 and house prices averaging $112,000, it is no wonder there is 68% home ownership in the state. The rule of thumb in Oklahoma is that if you have a job, you likely will have a pretty good standard of living. As a matter of fact, cost of living is about a quarter less than the rest of the country.

The reason people in Oklahoma live so inexpensively is similar to many other states on this list. They have an agriculture-rich state, along with a strong renewable energy and energy research. Oklahoma is a heavy producer of oil and natural gas, and has a focus on solar energy and wind energy. However, when it comes to cost of living, Oklahoma may support beef eaters more than anyone. Oklahoma is one of nine states where the population of cattle outweighs the population of people. That means more meat, better meat, and meat at an inexpensive price.