Businesses don't
just look at their own costs when deciding where to set up shop. They
also look at the costs for their employees and executives. After all,
wages go further when the cost of living is low. That's why Cost of Living is one of the categories we measure as we rank America's Top States for Business.
The higher the cost of living, the lower the score. Here are our
rankings of America's most expensive states to live in, plus a sampling
of the prices you'll pay for some basics in the most expensive area of
the state. (Average price data based on Council for Community and Economic Research C2ER Cost of Living Index, Q1 2013.)
Avg. Home Price (Honolulu Metro): $742,166
Half Gallon of Milk: $3.41
Pound of Ground Beef: $3.99
Monthly Energy Bill: $333.51
Doctor Visit: $101.80
2013 Cost of Living Rank: #50 (Most Expensive)
2013 Cost of Living Score: 1 (out of 50)
2012 Cost of Living Rank: #50
Half Gallon of Milk: $3.41
Pound of Ground Beef: $3.99
Monthly Energy Bill: $333.51
Doctor Visit: $101.80
2013 Cost of Living Rank: #50 (Most Expensive)
2013 Cost of Living Score: 1 (out of 50)
2012 Cost of Living Rank: #50
Avg. Home Price (Anchorage Metro): $467,553
Half Gallon of Milk: $2.41
Pound of Ground Beef: $4.08
Monthly Energy Bill: $169.84
Doctor Visit: $159.20
2013 Cost of Living Rank: #49 (2nd Most Expensive)
2013 Cost of Living Score: 2 (out of 50)
2012 Cost of Living Rank: #49
Half Gallon of Milk: $2.41
Pound of Ground Beef: $4.08
Monthly Energy Bill: $169.84
Doctor Visit: $159.20
2013 Cost of Living Rank: #49 (2nd Most Expensive)
2013 Cost of Living Score: 2 (out of 50)
2012 Cost of Living Rank: #49
Avg. Home Price (Stamford Metro): $585,000
Half Gallon of Milk: $2.77
Pound of Ground Beef: $4.07
Monthly Energy Bill: $236.01
Doctor Visit: $114.55
2013 Cost of Living Rank: #48 (3rd Most Expensive)
2013 Cost of Living Score: 3 (out of 50)
2012 Cost of Living Rank: #48
Half Gallon of Milk: $2.77
Pound of Ground Beef: $4.07
Monthly Energy Bill: $236.01
Doctor Visit: $114.55
2013 Cost of Living Rank: #48 (3rd Most Expensive)
2013 Cost of Living Score: 3 (out of 50)
2012 Cost of Living Rank: #48
Avg. Home Price (Manhattan): $1,351,400
Half Gallon of Milk: $2.42
Pound of Ground Beef: $4.71
Monthly Energy Bill: $237.01
Doctor Visit: $96.00
2013 Cost of Living Rank: #47 (4th Most Expensive)
2013 Cost of Living Score: 4 (out of 50)
2012 Cost of Living Rank: #47
Half Gallon of Milk: $2.42
Pound of Ground Beef: $4.71
Monthly Energy Bill: $237.01
Doctor Visit: $96.00
2013 Cost of Living Rank: #47 (4th Most Expensive)
2013 Cost of Living Score: 4 (out of 50)
2012 Cost of Living Rank: #47
Avg. Home Price (Bergen-Passaic Metro): $557,145
Half Gallon of Milk: $3.79
Pound of Ground Beef: $3.43
Monthly Energy Bill: $252.39
Doctor Visit: $103.20
2013 Cost of Living Rank: #46 (5th Most Expensive)
2013 Cost of Living Score: 5 (out of 50)
2012 Cost of Living Rank: #45
Half Gallon of Milk: $3.79
Pound of Ground Beef: $3.43
Monthly Energy Bill: $252.39
Doctor Visit: $103.20
2013 Cost of Living Rank: #46 (5th Most Expensive)
2013 Cost of Living Score: 5 (out of 50)
2012 Cost of Living Rank: #45
6. CALIFORNIA
Avg. Home Price (San Francisco Metro): $823,429
Half Gallon of Milk: $2.39
Pound of Ground Beef: $3.24
Monthly Energy Bill: $165.55
Doctor Visit: $130.57
7. RHODE ISLAND
Avg. Home Price (Providence Metro): $371,000
Half Gallon of Milk: $2.91
Pound of Ground Beef: $4.07
Monthly Energy Bill: $233.53
Doctor Visit: $149.00
8. MASSACHUSETTS
Avg. Home Price (Boston Metro): $478,200
Half Gallon of Milk: $2.71
Pound of Ground Beef: $4.29
Monthly Energy Bill: $248.63
Doctor Visit: $149.00
9. MARYLAND
Avg. Home Price (Bethesda-Gaithersburg-Frederick Metro): $577,834
Half Gallon of Milk: $2.59
Pound of Ground Beef: $3.39
Monthly Energy Bill: $205.44
10. VERMONT
Avg. Home Price (Burlington Metro): $396,146
Half Gallon of Milk: $2.25
Pound of Ground Beef: $4.19
Monthly Energy Bill: $248.71
Doctor Visit: $111.23
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