Cheapest States To Live In 2024 Ranked List. In some parts of the state, like decatur, it’s. “when deciding on a place to move, you should first consider financial.

Mississippi, the cheapest state to live in, has a cost of living index of 84.9, making it much more affordable than the national average. The national average annual property tax rate is 1.10% or $3,909.66 per year.