Hawaii is the Most Expensive State to Maintain a Home

What We’re Showing

The average annual cost of owning and maintaining a single-family home in the top 15 most expensive states in the U.S.

Methodology

Bankrate aggregated the average costs of property taxes, homeowners insurance, and home maintenance costs (estimated at 2% a year of the value of a single-family home). It also included energy, internet, and cable bills. All figures adjusted for inflation, as of June 2024.

Key Takeaways 

• The average annual cost of owning and maintaining a single-family home in the U.S. is more than $18,000 a year, 26% higher now compared to 2020.
• With an average annual cost of $29,015, Hawaii is the most expensive state to maintain a home.
• Property taxes in New Jersey average $10,026 a year, the highest in the nation.