Cost of Misc. Index By State in United States
The Cost of Miscellaneous Index measures the relative expense of goods and services across U.S. states, providing insights into living costs beyond housing, food, and utilities. This analysis highlights the rankings for September 2024, with data from the Missouri Economic Research and Information Center.
Which State Has the Highest Cost of Miscellaneous Items?
Hawaii ranks first with the highest cost of miscellaneous items, with an index score of 124.9. Other states like Alaska and California also have elevated costs, reflecting the influence of geographic isolation and higher transportation expenses:
- Hawaii: 124.9
- Alaska: 117.6
- California: 116.8
- Massachusetts: 113.6
- Rhode Island: 113.2
Top 10 States with the Highest Cost of Miscellaneous Items
The following states have the highest miscellaneous costs, often influenced by economic activity, tourism, and transportation factors:
1. Hawaii: 124.9
2. Alaska: 117.6
3. California: 116.8
4. Massachusetts: 113.6
5. Rhode Island: 113.2
6. District of Columbia and New Hampshire: 112.5
7. Washington: 109.7
8. Idaho: 108.7
9. Vermont: 108.5
10. New Jersey: 107.6
Which State Has the Lowest Cost of Miscellaneous Items?
Kansas has the lowest cost of miscellaneous items with an index score of 90.3, followed closely by Oklahoma and West Virginia. These states benefit from lower overall living costs and reduced demand for non-essential goods:
- Kansas: 90.3
- Oklahoma: 90.5
- West Virginia: 91.2
- South Dakota, Nevada: 91.3
- Missouri: 91.7
Top 10 States with the Lowest Cost of Miscellaneous Items
The following states have the lowest costs, offering affordable options for residents and businesses:
1. Kansas: 90.3
2. Oklahoma: 90.5
3. West Virginia: 91.2
4. South Dakota, Nevada: 91.3
5. Missouri: 91.7
6. Mississippi: 93.8
7. Puerto Rico: 94.4
8. Georgia, Tennessee: 94.8
9. Alabama: 95.8
10. Indiana: 96.1
How Do Miscellaneous Costs Vary Across Regions?
Miscellaneous costs vary significantly across regions due to factors like economic activity, geographic isolation, and transportation logistics:
- Highest Costs: Hawaii, Alaska, and California lead with elevated costs due to high tourism and import expenses.
- Moderate Costs: States like Colorado, North Carolina, and Texas maintain balanced miscellaneous costs.
- Lowest Costs: Kansas, Oklahoma, and West Virginia offer the most affordable options for miscellaneous items.
Why Are Miscellaneous Costs Important?
Miscellaneous costs include non-essential goods and services like entertainment, clothing, and personal care. Understanding these costs helps individuals and businesses make informed decisions about relocation, budgeting, and financial planning.
Frequently Asked Questions About Miscellaneous Costs
Q: What is the Cost of Miscellaneous Index?
A: The index measures the relative cost of non-essential goods and services across states, reflecting variations in living expenses.
Q: Which state has the highest miscellaneous costs?
A: Hawaii, with an index score of 124.9.
Q: Which state has the lowest miscellaneous costs?
A: Kansas, with an index score of 90.3.
Insights into U.S. Miscellaneous Costs
This ranking provides valuable insights into the varying costs of goods and services across the United States. From high-cost states like Hawaii to budget-friendly options like Kansas, understanding these differences can guide personal and professional decisions.
