How affordable it is to live in various states?

An article from the financial website GOBankingRates looks at what it would take financially to live in all 50 states according to the cost of living. You can guess some of the most expensive ones, such as California, New York and Hawaii, but here are some of the most affordable spots to live.

3.  Indiana

It costs 12 percent less than the national average to live in the Hoosier state with affordable transportation health care and housing. A home is a cool 24 percent lower than the national average.

2.  Michigan

Residents of the Great Lakes state enjoy paying almost 12 percent less than the average American for common living expenses such as food and the largest savings is housing costs which are about 23 percent lower than the rest of the country.

1.  Oklahoma

The big win here is the grocery bill which is 7 percent lower than the national average and transportation costs which are about 12 percent lower. The cheap housing and great college football are both huge bonuses.

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