These are America's 10 cheapest states to live in

Key Points:

• Federal Reserve Chairman Kevin Warsh highlighted the burden of persistently high prices on Americans but did not address the significant variation in cost of living across different states.
• CNBC’s America's Top States for Business study includes Cost of Living as a key competitiveness factor, evaluating housing affordability, insurance costs, and prices of goods and services.
• States with the lowest cost of living in 2026 include Missouri, Ohio, Kansas, Iowa, Indiana, Wyoming, South Dakota, Alabama, North Dakota, and West Virginia, with West Virginia ranking as the cheapest overall.
• These states offer affordable housing and lower prices for essentials like groceries and energy, though some face challenges such as rising insurance premiums due to severe weather events.
• Cost of living scores range from 34 to 43 out of 50 points, with West Virginia and North Dakota receiving top grades (A+), reflecting strong affordability and lower financial burdens on residents.