Mapping Price Parity by U.S. State 📊

Key Takeaways

• In 2023, 17 states were more expensive than the national average as measured by regional price parities (RPP).
• Prices in California were 13% higher than the U.S. average, driven by high housing costs.
• Meanwhile, prices were 13% cheaper in Mississippi, which had the lowest relative price of housing nationally. standing at 55.

Southern States See the Lowest Living Costs

Although Texas prices were slightly lower than the national average in 2023, the most substantial cost-of-living advantages were found in Arkansas, Mississippi, and Oklahoma.

Owing to its affordability and job prospects, more Americans moved to Arkansas than any other state in 2024.

Notably, the median listing price in Arkansas was $285,000 compared to $585,000 in Washington DC—one of the nation's most expensive states.