The Cheapest States to Live In in the U.S.

The most important thing to know if you are planning to move is the location of your new home. Location can play a significant role in your monetary needs. Did you know that some homes for sale in your state may have similar features to a home that is for sale in other states? Their difference? The home for sale in another state may be a lot cheaper.

Here is a list from CNBC to guide you where you can find the least expensive states to live in in the United States.

Nebraska

• 2015 Cost of Living rank: 8th cheapest (tie)
• 2015 Cost of Living score: 65 (out of 75 points)
• 2014 Cost of Living rank: 21st cheapest
• Average home price (Hastings): $320,320

Kansas

• 2015 Cost of Living rank: 8th cheapest (tie)
• 2015 Cost of Living score: 65 (out of 75 points)
• 2014 Cost of Living rank: 24th cheapest
• Average home price (Manhattan Metro): $286,167

Alabama

• 2015 Cost of Living rank: 8th cheapest (tie)
• 2015 Cost of Living score: 65 (out of 75 points)
• 2014 Cost of Living rank: 7th cheapest
• Average home price (Auburn-Opelika Metro): $237,896

Michigan

• 2015 Cost of Living rank: 7th cheapest
• 2015 Cost of Living score: 66 (out of 75 points)
• 2014 Cost of Living rank: 17th cheapest
• Average home price (Detroit-Dearborn-Livonia Metro): $266,132

Kentucky

• 2015 Cost of Living rank: 6th cheapest
• 2015 Cost of Living score: 68 (out of 75 points)
• 2014 Cost of Living rank: Cheapest state
• Average home price (Louisville-Jefferson County Metro): $241,661

Oklahoma

• 2015 Cost of Living rank: 5th cheapest
• 2015 Cost of Living score: 69 (out of 75)
• 2014 Cost of Living rank: Third cheapest
• Average home price (Lawton Metro): $302,933

Indiana

• 2015 Cost of Living rank: 4th cheapest
• 2015 Cost of Living score: 71 (out of 75 points)
• 2014 Cost of Living rank: 7th cheapest

• Average home price (Evansville Metro): $269,949

Idaho

• 2015 Cost of Living rank: Third cheapest
• 2015 Cost of Living score: 72 (out of 75 points)
• 2014 Cost of Living rank: 11th cheapest
• Average home price (Twin Falls Metro): $276,000

Tennessee

• 2015 Cost of Living rank: Second cheapest
• 2015 Cost of Living score: 74 (out of 75 points)
• 2014 Cost of Living rank: 9th cheapest
• Average home price (Nashville-Columbia-Maury County Metro): $274,100

Mississippi

• 2015 Cost of Living rank: Cheapest state
• 2015 Cost of Living score: 75 (out of 75 points)
• 2014 Cost of Living rank: Sixth cheapest
• Average home price (Hattiesburg Metro): $228,746