Searching for a new place to live? Before buying or renting a home, you have to consider calculating your average utility bill. You need to take into account the utilities to manage your finances. Take a look at the list of the cities with the most and least expensive utilities to decide your ideal place.
Top 5 States with least expensive utilities
West Virginia:
For affordable living, West Virginia is the least expensive state in the US. Starting with the low commute cost, you can get car loans, internet or cable, and mobile phones at low prices. Another reason to live in West Virginia is the relocation bonuses for remote workers and independent contractors. This applies to certain mountain cities of the state.
Arkansas:
If you are looking for low-cost living in a pleasant neighborhood, Arkansas is the state with multiple facilities for standard living. You can save costs from your regular expenses such as mobile phone services, security systems, car insurance, and other utilities.
Mississippi:
At number three in the ranking, we have Mississippi. In the hospitality state, almost all types of expenses are comparatively low. Among the Southern states, you will get the lowest utility cost in Mississippi, including security systems, auto insurance, life insurance, and more.
Indiana:
With low average housing rent of $826 and an average mortgage of just $899, Indiana is an affordable state with low-cost utilities. You can save money on utilities like electricity, health insurance, and internet costs. You can enjoy living in this state because of its great mix of both city and country life.
New Mexico:
The average living cost in New Mexico is about 15% lower than the national average. Your monthly utility cost can be reduced substantially due to the low cost of living. Additionally, you can enjoy doing different outdoor activities like skiing, hiking, and more at an affordable price.
Top 5 States with most expensive utilities
Hawaii:
Hawaii is at the top of the list with the most expensive household bills. As almost all the resources and utilities have to be imported, living in this state is very costly. Although all the utilities are available there, you might struggle with budgeting your monthly expenses due to a lack of options.
New Jersey:
Even if you find a desirable property, you might have to think in-depth before settling in New Jersey due to the expensive living costs. It is estimated that the average monthly household bill in New Jersey is $2,562.
California:
California is famous for its high real estate prices. Utilities like car insurance, health insurance, security systems, and others are expensive throughout the state with similar prices of its Silicon Valley.
Alaska:
Utilities in Alaska are expensive simply because many things need to be transported there, which can be very costly. So, the overall living costs in Alaska are slightly pricier than the national average.
Massachusetts:
Except for health insurance, all other utilities of Massachusetts cost more than the average national cost. The residents have to pay over $100 more monthly than the national average for utilities, ensuring its place on this list.
