Cost Of Living Increase 2024 By State Usa. Cost of living in each state data can vary depending on what factors are analyzed (e.g., housing) and who conducts the study. Inflation rate for 2021 was 4.70%, a 3.46% increase from 2020.

Us news ranks the states with the best economic affordability, based on the cost of living and housing affordability. Bankrate takes a closer look at cost of living statistics and uncovers the states that are the most expensive and affordable in today’s economic landscape.