Cost Of Living 2024 By Stater. The cost of living refers to the monetary cost of goods and services necessary to maintaining a certain standard of living. Consider this as we compare the cost of living by state in 2024.
New york, with a cost of index of 134.5, hinges its high cost of living on factors such as considerable housing costs, particularly in new york city, and high taxes. The cost of living index measures the relative cost of living across states and uses the national average for costs to compare prices.