Cheapest States To Live In Ranked. Credit karma created a methodology to identify the cheapest states in 2022 using a variety of factors, including home value, average rent, overall cost of living, taxes and a few. The value 100 defines the average cost of living throughout the whole united states and anything below that means the cost of living is lower than average.
We rate the states based on an index of prices for a broad range of goods and services. Credit karma created a methodology to identify the cheapest states in 2022 using a variety of factors, including home value, average rent, overall cost of living, taxes and a few.