According to a comprehensive report by WorldWay: Investors preparing to immigrate to the United States are not only focused on EB-5 projects but are also quite concerned about the economic conditions and cost of living in their intended states. Experts at WorldWay note that as the U.S. economy recovers and job opportunities increase, major technology companies are taking the lead in recruiting, causing various living expenses to rise accordingly. Where does California, which attracts so much attention, rank in terms of cost of living nationwide? Next, let us take stock of the ten U.S. states with the highest cost of living.
10th Place Maryland
2014 Cost of Living Ranking: 10th
2013 Cost of Living Ranking: 9th
Average Housing Price: $583,838
Price of Half a Gallon of Milk: $2.57
Price of One Pound of Ground Beef: $3.46
Monthly Energy Bill: $210.11
Average Doctor's Visit Fee: $84.89
9th Place Rhode Island
2014 Cost of Living Ranking: 9th
2013 Cost of Living Ranking: 7th
Average Housing Price: $386,097
Price of Half a Gallon of Milk: $2.94
Price of One Pound of Ground Beef: $4.00
Monthly Energy Bill: $220.53
Average Doctor's Visit Fee: $149
8th Place New Hampshire
2014 Cost of Living Ranking: 8th
2013 Cost of Living Ranking: 11th
Average Housing Price: $389,899
Price of Half a Gallon of Milk: $2.22
Price of One Pound of Ground Beef: $3.67
Monthly Energy Bill: $191.47
Average Doctor's Visit Fee: $149
7th Place New Jersey
2014 Cost of Living Ranking: 7th
2013 Cost of Living Ranking: 5th
Average Housing Price: $551,284
Price of Half a Gallon of Milk: $3.30
Price of One Pound of Ground Beef: $3.40
Monthly Energy Bill: $234.41
Average Doctor's Visit Fee: $106.20
6th Place Massachusetts
2014 Cost of Living Ranking: 6th
2013 Cost of Living Ranking: 8th
Average Housing Price: $482,267
Price of Half a Gallon of Milk: $2.79
Price of One Pound of Ground Beef: $4.36
Monthly Energy Bill: $243.36
Average Doctor's Visit Fee: $149
5th Place Alaska
2014 Cost of Living Ranking: 5th
2013 Cost of Living Ranking: 2nd
Average Housing Price: $395,133
Price of Half a Gallon of Milk: $2.43
Price of One Pound of Ground Beef: $4.35
Monthly Energy Bill: $509.29
Average Doctor's Visit Fee: $168.67
4th Place California
2014 Cost of Living Ranking: 4th
2013 Cost of Living Ranking: 6th
Average Housing Price: $820,479
Price of Half a Gallon of Milk: $2.66
Price of One Pound of Ground Beef: $3.57
Monthly Energy Bill: $165.30
Average Doctor's Visit Fee: $130.96
3rd Place Connecticut
2014 Cost of Living Ranking: 3rd
2013 Cost of Living Ranking: 3rd
Average Housing Price: $597,977
Price of Half a Gallon of Milk: $2.50
Price of One Pound of Ground Beef: $3.95
Monthly Energy Bill: $232.74
Average Doctor's Visit Fee: $116.64
2nd Place Hawaii
2014 Cost of Living Ranking: 2nd
2013 Cost of Living Ranking: 1st
Average Housing Price: $742,651
Price of Half a Gallon of Milk: $3.56
Price of One Pound of Ground Beef: $3.80
Monthly Energy Bill: $364.83
Average Doctor's Visit Fee: $109.87
1st Place New York
2014 Cost of Living Ranking: 1st
2013 Cost of Living Ranking: 4th
Average Housing Price: $1,358,917
Price of Half a Gallon of Milk: $2.23
Price of One Pound of Ground Beef: $4.39
Monthly Energy Bill: $246.55
Average Doctor's Visit Fee: $103.25
The evaluation results are clear: the better the natural environment, the more abundant the job opportunities, and the more prosperous the economy, the higher the cost of living—much like the first, second, and third-tier cities in China. Which city will you choose? Are you prepared?
WorldWay Editor
