Feeling the pinch of rising prices? You’re not alone. As inflation, housing shortages, and economic shifts continue to impact everyday Americans, cost of living has become a key factor when choosing where to live. Fortunately, Nasdaq has compiled a helpful guide that reveals the least expensive city in each U.S. state as of mid-2025, giving us a closer look at where your money can go the furthest.
What’s in the Report?
The report breaks down each city’s total estimated annual cost of living, including:
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Housing/Rent
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Groceries
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General living expenses (transportation, utilities, healthcare)
Each city is listed with the total cost of living per year based on average consumer behavior, along with rent and grocery breakdowns.
Regional Highlights
South: Affordable and Warm
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Waycross, Georgia
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Annual Cost of Living: $32,048
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Rent: $10,200
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Groceries: $5,762
This Southern town offers a laid-back lifestyle, low rent, and relatively affordable groceries—great for families and retirees.
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Donna, Texas
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Annual Cost of Living: $30,770
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Rent: $9,792
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Groceries: $5,935
One of the most affordable cities in the entire list, located near the Texas–Mexico border. Donna is increasingly attractive for digital nomads and budget-conscious movers.
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Midwest: Low Costs, High Value
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Rolla, Missouri
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Annual Cost of Living: $32,131
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Rent: $11,280
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Groceries: $5,537
Home to Missouri University of Science and Technology, Rolla balances affordability with a strong academic and tech presence.
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Norfolk, Nebraska
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Annual Cost of Living: $32,493
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Rent: $9,864
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Groceries: $6,332
A practical choice for those looking to stretch their dollar in a peaceful, small-town setting.
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West: Budget Picks in Pricey States
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Porterville, California
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Annual Cost of Living: $39,321
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Rent: $15,024
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Groceries: $5,956
For California, that’s a bargain. Located in the San Joaquin Valley, Porterville is a great option for those who love the West Coast but not the steep housing prices.
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Elko, Nevada
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Annual Cost of Living: $34,011
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Rent: $13,128
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Groceries: $5,990
A mining town with outdoor charm, Elko stands out in a state where Las Vegas and Reno dominate headlines—and price tags.
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Northeast: Pockets of Savings
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Holyoke, Massachusetts
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Annual Cost of Living: $41,141
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Rent: $18,420
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Groceries: $6,362
While still higher than national averages, Holyoke is one of the most economical options in New England, especially for renters.
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East Hartford, Connecticut
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Annual Cost of Living: $42,706
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Rent: $16,908
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Groceries: $6,289
Offers relative affordability while being close to Hartford’s economic hubs and job opportunities.
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Why This Matters
In a world where $100,000 salaries aren’t stretching like they used to, choosing where to live has become just as important as how much you earn. Whether you’re:
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A remote worker seeking lower rent,
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A retiree looking for peace and affordability,
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Or a young professional building a financial foundation…
…knowing where the dollar stretches further can make all the difference.
Key Takeaways:
- Every state has an affordable option—even those known for high housing costs.
- Rent remains the biggest differentiator in cost-of-living figures.
- Grocery and utility expenses still vary widely, depending on region and access to resources.
Final Thoughts
This list serves as a powerful reminder that affordability is still possible across the country—if you know where to look. Whether you’re planning a move, downsizing, or simply curious about your state’s budget-friendly city, this report offers a helpful glimpse into the most financially sustainable spots across the U.S.
Explore the full list here: Nasdaq – Cost of Living in the Least Expensive City of Every State (2025)