Smart SpendingSmart Spending

The most expensive states to live in 2011

Is your state one of the nation's most expensive? And if so, is it worth it?

By MSN Money Partner Jun 28, 2011 4:41PM

This post comes from Paul Toscano at partner site CNBC.

 

CNBC on MSN MoneyYou won’t get more for your money in these 10 states.

 

With the launch of CNBC's fifth annual edition of "America's Top States For Business," we decided to take a look at the cost of a variety of items in the nation's 10 most expensive states. In the CNBC study, states are ranked using a 50-point scale -- the lower the score, the higher the cost of living, and vice versa.

 

Interestingly enough, some of the states with the highest cost of living also had some of the highest scores in the quality-of-life category, so maybe you do get what you pay for. That said, only one of these 10 states managed to rank among the top 10 overall in this year’s Top States for Business study. Cost of living may not be among the top criteria for a business, but it can be a big consideration for employees in the state.

 

To cover as much ground as possible, we included one item related to housing, transportation, health, food and entertainment. It includes the average cost of a single-family home, the best-selling cholesterol drug Lipitor, a movie theater ticket, a doctor’s visit and a gallon of gasoline in the most expensive metropolitan areas of each of the 10 states using data from the ACCRA Cost of Living Index. ACCRA’s numbers reflect the average prices from Q1 2010 through Q1 2011. (How much house can you afford? Find out with MSN Money's calculator.)

 

10. Massachusetts

  • Most expensive: Framingham-Natick
  • House: $529,300
  • Movie ticket: $10.51
  • Lipitor: $162.56
  • Doctor visit: $112.24
  • Gallon of gas: $2.807

9. Vermont

  • Most expensive: Burlington-Chittenden
  • House: $405,825
  • Movie ticket: $8.80
  • Lipitor: $150.55
  • Doctor visit: $105
  • Gallon of gas: $2.892

8. Rhode Island

  • Most expensive: Providence
  • House: $361,195
  • Movie ticket: $10.75
  • Lipitor: $142
  • Doctor visit: $149
  • Gallon of gas: $2.903

7. Maryland

  • Most expensive: Bethesda-Gaithersburg
  • House: $535,409
  • Movie ticket: $10.69
  • Lipitor: $158.10
  • Doctor visit: $87.29
  • Gallon of gas: $2.950

6. New York

  • Most expensive: New York (Manhattan)
  • House: $1,140,461
  • Movie ticket: $12.28
  • Lipitor: $160.05
  • Doctor visit: $125.89
  • Gallon of gas: $3.148

Post continues after video.

5. New Jersey

  • Most expensive: Bergen-Passaic
  • House: $511,212
  • Movie ticket: $10.58
  • Lipitor: $159.67
  • Doctor visit: $83.52

4. Connecticut

  • Most expensive: Stamford
  • House: $606,742
  • Movie ticket: $10.33
  • Lipitor: $154.61
  • Doctor visit: $102.26
  • Gallon of gas: $3.075

3. California

  • Most expensive: San Francisco
  • House: $808,481
  • Movie ticket: $10.58
  • Lipitor: $145.98
  • Doctor visit: $120.83
  • Gallon of gas: $3.116

2. Alaska

  • Most expensive: Fairbanks
  • House: $438,225
  • Movie ticket: $10.69
  • Lipitor: $156.99
  • Doctor visit: $150.05
  • Gallon of gas: $3.478

1. Hawaii

  • Most expensive: Honolulu
  • House: $689,781
  • Movie ticket: $10.08
  • Lipitor: $160.96
  • Doctor visit: $130.15
  • Gallon of gas: $3.437

More on CNBC and MSN Money:

10Comments
Jun 29, 2011 5:44AM
avatar
How old is this survey? I live in Ct, and I can assure you that gas is NOT $3.07 a gallon!
Jun 29, 2011 11:16AM
avatar
I live in Vermont and it is not really worth the cost to live here. We were rated as number 1 on the Cato moocher index and number 1 on the Kiplinger most expensive states for retirees. The redistribution of wealth to pay for feel good social programs and the property take formulation are 2 of the main reasons this place is a money pit. If you work a decent paying job hold on to your pockets because VT is going to be taking a bit bite out of it!
avatar

In California, the price of gas is not $3.11 or anywhere close..$3.90 is probably

the average..I'm guessing thie stats here are at least 6 month old..

Jun 29, 2011 11:43AM
avatar
Just don't come to Texas (one article stated 6000 more ignorant-@ssed transplants will be in Austin before summer's end). We're full. Go back from whence you came. I mean it.
Jun 29, 2011 12:54PM
avatar
i haven't seen gas for $3.11 anywhere remotely near san francisco for at least a year ( i live an hr outside of SF and work about 30 mins north of SF).  in fact, right now, everyone's getting all giddy that at the CHEAP stations, gas is under $3.70/gal !!
Jun 29, 2011 6:17PM
avatar
Those asking how old the survey is can find out easily: read the article!
Jun 29, 2011 3:15PM
avatar
It's entirely possible that the gas prices listed in the very boring article are the base prices of the gallon. In Washington, an additional 37.5 cents are added to that. Check it out for your state. Knowledge is power. And while you're at it, read your state's Constitution about how that money can and can't be spent, Unless you didn't vote, then don't bother. You've already stated your opinion.....
Jul 1, 2011 5:28AM
avatar
a general strike in the USA is in the wo rks people can't afford to live in any state
Jun 29, 2011 3:47PM
avatar

The article says it was based on average 2010 prices.

avatar

I live in Maryland and the taxes are really starting to rise. I am starting to wonder of the residents know that continually electing liberals is causing this problem. I wonder if they even know how we are taxed or if they even care.

 

 

Mark

Report
Please help us to maintain a healthy and vibrant community by reporting any illegal or inappropriate behavior. If you believe a message violates theCode of Conductplease use this form to notify the moderators. They will investigate your report and take appropriate action. If necessary, they report all illegal activity to the proper authorities.
Categories
100 character limit
Are you sure you want to delete this comment?

DATA PROVIDERS

Copyright © 2014 Microsoft. All rights reserved.

Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.

ABOUT SMART SPENDING

Smart Spending brings you the best money-saving tips from MSN Money and the rest of the Web. Join the conversation on Facebook and follow us on Twitter.

VIDEO ON MSN MONEY

TOOLS

More