10 States With the Lowest Cost of Living

7) Indiana

Indiana is both an agricultural economy and an urban hub. The state cities host some of the best transportation and access to other major cities in the Midwest through an extensive highway system. While several of the main cities, such as Gary, are in decline with significant poverty levels, the state also has a home ownership level above 70% and a state-wide interest in education, which is highly ranked.

Indiana is a resource-rich state with a cost of living well below average, however it must manage the regional disparity in costs. While Indiana has a lot to offer, the value of your dollar is really determined by your regional location. Home location in Indiana will determine if cost of living equals a higher standard of living.