10 States With the Lowest Cost of Living

8) Idaho

States across the western part of the United States are notorious for having a high cost of living, especially when you consider California, Washington, and Oregon. However, Idaho can dispel the rumor of western prices. Its production of other household goods and staples as well as consumer good manufacturing costs are kept low with better transportation costs.

Nearly a quarter of residents own a home, and with an average annual income over $40,000 a year, many residents enjoy an excellent standard of living. The other statistic helping Idaho leading the pack of low cost of living is that the state also has a very low population density. A low population density and cost of living are two reasons why Idaho often ranks high on quality of life rankings as well.