GITNUX REPORT 2024

States with highest costs: electricity, housing, insurance, groceries, childcare.

Discover the Most Expensive US States: High costs of living from electricity to childcare.

Author: Jannik Lindner

First published: 7/17/2024

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Massachusetts has the highest average annual tuition for public 4-year colleges at $13,620

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California's average annual tuition for private 4-year colleges is $32,460

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Massachusetts has the highest per-pupil spending on education at $17,058

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Connecticut has the highest average annual tuition for public 2-year colleges at $4,530

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New Jersey has the highest average annual tuition for public 4-year colleges at $14,360

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California's average annual tuition for private 4-year colleges is $32,460

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New Jersey has the highest per-pupil spending on education at $20,021

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Hawaii has the highest average electricity rate at 32.76 cents per kWh

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Hawaii's average monthly energy bill is $168.21

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Alaska's average monthly electricity bill is $125.83

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Connecticut's average monthly electricity bill is $153.13

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Alaska's average residential electricity rate is 22.92 cents per kWh

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Hawaii's average monthly energy bill is $168.21

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Massachusetts' average residential electricity rate is 22.59 cents per kWh

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California's average monthly electricity bill is $116.94

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New Jersey has the highest average annual childcare cost for an infant at $15,600

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Massachusetts has the highest average annual cost for full-time center-based childcare at $20,913

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New York's average annual cost for infant care is $15,394

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New Jersey's average annual cost for full-time center-based childcare is $12,988

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New York's average annual cost for full-time center-based childcare is $15,394

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Connecticut's average annual cost for infant care is $15,501

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California's average annual cost for full-time center-based childcare is $16,945

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Massachusetts' average annual cost for infant care is $20,913

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Alaska has the highest average grocery cost index at 134.2

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Hawaii's average cost for a gallon of milk is $5.39

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Hawaii's average cost for a loaf of bread is $5.31

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California's average cost for a gallon of milk is $3.69

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Hawaii's average cost for a dozen eggs is $4.02

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Massachusetts' average cost for a gallon of milk is $3.49

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Alaska's average cost for a loaf of bread is $3.78

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New Jersey's average cost for a gallon of milk is $3.29

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Massachusetts has the highest average health insurance premium for a family at $21,424 per year

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Alaska's average cost for a doctor's visit is $188

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Massachusetts' average cost for a doctor's visit is $190

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Alaska's average health insurance premium for a single person is $7,469 per year

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Massachusetts' average health insurance premium for a family is $21,424 per year

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Alaska's average health insurance premium for a single person is $7,469 per year

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New York's average health insurance premium for a family is $21,170 per year

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Connecticut's average health insurance premium for a single person is $7,058 per year

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California's median home value is $568,500

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New York City's average rent for a one-bedroom apartment is $3,260

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New York's average monthly rent is $3,260 for a one-bedroom apartment

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Hawaii's median home value is $636,451

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New York City's average rent for a two-bedroom apartment is $3,684

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California's median rent for a one-bedroom apartment is $1,503

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New York's median home value is $338,100

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Massachusetts' median home value is $439,541

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Hawaii's median rent for a one-bedroom apartment is $1,566

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Connecticut has the highest average property tax rate at 2.14%

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California has the highest state income tax rate at 13.3%

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New Jersey has the highest property taxes per capita at $3,378

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New York has a state income tax rate ranging from 4% to 10.9%

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California has a state sales tax rate of 7.25%

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New York City has a combined state and local sales tax rate of 8.875%

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Connecticut has a state income tax rate ranging from 3% to 6.99%

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New York has a state sales tax rate of 4%

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New York has the highest average auto insurance premium at $2,996 per year

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California's average gas price is $4.68 per gallon

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Connecticut's average annual car insurance premium is $1,845

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California's average gas price for regular fuel is $4.68 per gallon

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Massachusetts' average annual car insurance premium is $1,296

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Connecticut's average gas price for regular fuel is $3.51 per gallon

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New Jersey's average annual car insurance premium is $1,757

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Hawaii's average annual car insurance premium is $1,127

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Alaska's average gas price for regular fuel is $3.72 per gallon

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Summary

  • Hawaii has the highest average electricity rate at 32.76 cents per kWh
  • California's median home value is $568,500
  • New York has the highest average auto insurance premium at $2,996 per year
  • Massachusetts has the highest average health insurance premium for a family at $21,424 per year
  • Connecticut has the highest average property tax rate at 2.14%
  • Alaska has the highest average grocery cost index at 134.2
  • New Jersey has the highest average annual childcare cost for an infant at $15,600
  • California's average gas price is $4.68 per gallon
  • New York City's average rent for a one-bedroom apartment is $3,260
  • Massachusetts has the highest average annual tuition for public 4-year colleges at $13,620
  • Hawaii's average monthly energy bill is $168.21
  • California has the highest state income tax rate at 13.3%
  • Alaska's average cost for a doctor's visit is $188
  • Hawaii's average cost for a gallon of milk is $5.39
  • Massachusetts has the highest average annual cost for full-time center-based childcare at $20,913

With wallets feeling both lighter and emptier, buckle up for a whirlwind tour of the Most Expensive US States where a gallon of milk can cost as much as a doctors visit and utility bills rival monthly rent prices. From Hawaiis shocking electricity rates to Californias hefty home values, and New Yorks soaring insurance premiums, this eye-opening exploration into the land of high costs will have you appreciating some budget-friendly states like never before.

Education

  • Massachusetts has the highest average annual tuition for public 4-year colleges at $13,620
  • California's average annual tuition for private 4-year colleges is $32,460
  • Massachusetts has the highest per-pupil spending on education at $17,058
  • Connecticut has the highest average annual tuition for public 2-year colleges at $4,530
  • New Jersey has the highest average annual tuition for public 4-year colleges at $14,360
  • California's average annual tuition for private 4-year colleges is $32,460
  • New Jersey has the highest per-pupil spending on education at $20,021

Interpretation

When it comes to education costs, these states are proving that excellence doesn't come cheap. From Massachusetts leading the way with eye-watering tuition fees to New Jersey splurging on per-pupil spending, it seems that the price tag for knowledge is reaching new levels of extravagance. Perhaps soon, we'll be seeing Ivy League diplomas adorned with diamonds as standard. But hey, who said education wasn't a luxury?

Energy Costs

  • Hawaii has the highest average electricity rate at 32.76 cents per kWh
  • Hawaii's average monthly energy bill is $168.21
  • Alaska's average monthly electricity bill is $125.83
  • Connecticut's average monthly electricity bill is $153.13
  • Alaska's average residential electricity rate is 22.92 cents per kWh
  • Hawaii's average monthly energy bill is $168.21
  • Massachusetts' average residential electricity rate is 22.59 cents per kWh
  • California's average monthly electricity bill is $116.94

Interpretation

In a shocking twist of fate, it seems that paradise comes at a price when it comes to electricity bills in Hawaii, with residents shelling out an eye-watering 32.76 cents per kWh. Meanwhile, Alaska may have cold temperatures, but its residents are feeling the heat with an average monthly bill of $125.83. Connecticut's electricity costs are no joke either, at $153.13 a month. Looks like California is the golden state not just for its sunshine, but also for having the lowest average monthly bill among the bunch at $116.94. Perhaps living in the land of opportunity really does pay off, electrically speaking!

Family Expenses

  • New Jersey has the highest average annual childcare cost for an infant at $15,600
  • Massachusetts has the highest average annual cost for full-time center-based childcare at $20,913
  • New York's average annual cost for infant care is $15,394
  • New Jersey's average annual cost for full-time center-based childcare is $12,988
  • New York's average annual cost for full-time center-based childcare is $15,394
  • Connecticut's average annual cost for infant care is $15,501
  • California's average annual cost for full-time center-based childcare is $16,945
  • Massachusetts' average annual cost for infant care is $20,913

Interpretation

In a country where the "American Dream" often feels more like a never-ending bill, these eye-watering childcare costs in states like New Jersey, Massachusetts, and New York paint a sobering portrait of the challenges faced by working families. From the Baby Tax in New Jersey to the Full-Time Center-Based Billing Bonanza in Massachusetts, it seems like every state has its own flavor of financial headache when it comes to raising children. Perhaps the real question is not just the price tag of childcare, but the value we place on supporting the next generation of aspiring dreamers and doers.

Food and Groceries

  • Alaska has the highest average grocery cost index at 134.2
  • Hawaii's average cost for a gallon of milk is $5.39
  • Hawaii's average cost for a loaf of bread is $5.31
  • California's average cost for a gallon of milk is $3.69
  • Hawaii's average cost for a dozen eggs is $4.02
  • Massachusetts' average cost for a gallon of milk is $3.49
  • Alaska's average cost for a loaf of bread is $3.78
  • New Jersey's average cost for a gallon of milk is $3.29

Interpretation

In the world of grocery shopping, these statistics paint a pretty penny picture of living in luxury-laden states. From the northern wilds of Alaska to the tropical paradise of Hawaii, it seems that the cost of feeding oneself is as high as the snowcapped peaks and endless beaches that characterize these locales. While some may argue that these prices are simply the cost of living in breathtaking environments, one can't help but wonder: is the stunning scenery worth the hefty grocery bill, or should we all just move to New Jersey for more affordable milk?

Healthcare

  • Massachusetts has the highest average health insurance premium for a family at $21,424 per year
  • Alaska's average cost for a doctor's visit is $188
  • Massachusetts' average cost for a doctor's visit is $190
  • Alaska's average health insurance premium for a single person is $7,469 per year
  • Massachusetts' average health insurance premium for a family is $21,424 per year
  • Alaska's average health insurance premium for a single person is $7,469 per year
  • New York's average health insurance premium for a family is $21,170 per year
  • Connecticut's average health insurance premium for a single person is $7,058 per year

Interpretation

In a race to the top of the financial health ladder, Massachusetts seems to be leading the charge with its eye-watering average health insurance premiums, holding the dubious honor of being the most expensive state for families seeking medical coverage. Meanwhile, Alaska may have the edge in doctor's visit affordability, boasting slightly lower fees than its northeastern counterpart. But with numbers like these, one can't help but wonder if the cost of staying well is becoming an exclusive club for the wealthy in these high-priced states. So, while some may say money can't buy happiness, in the world of healthcare, it sure can buy a lot of bills.

Housing

  • California's median home value is $568,500
  • New York City's average rent for a one-bedroom apartment is $3,260
  • New York's average monthly rent is $3,260 for a one-bedroom apartment
  • Hawaii's median home value is $636,451
  • New York City's average rent for a two-bedroom apartment is $3,684
  • California's median rent for a one-bedroom apartment is $1,503
  • New York's median home value is $338,100
  • Massachusetts' median home value is $439,541
  • Hawaii's median rent for a one-bedroom apartment is $1,566

Interpretation

As the numbers paint a pricey picture, it seems like the cost of living in these states is more inflated than a celebrity's ego. With California and Hawaii boasting sky-high median home values and rent prices that could make even a Wall Street tycoon hesitate, it's no wonder New Yorkers are paying an arm and a leg for a cramped apartment too. It's a real estate showdown where the only winners might be the landlords. So if you're dreaming of a life in the Golden State or under the Hawaiian sun, you better start saving those pennies... or perhaps reconsider becoming a professional hula dancer instead.

Taxes

  • Connecticut has the highest average property tax rate at 2.14%
  • California has the highest state income tax rate at 13.3%
  • New Jersey has the highest property taxes per capita at $3,378
  • New York has a state income tax rate ranging from 4% to 10.9%
  • California has a state sales tax rate of 7.25%
  • New York City has a combined state and local sales tax rate of 8.875%
  • Connecticut has a state income tax rate ranging from 3% to 6.99%
  • New York has a state sales tax rate of 4%

Interpretation

In the land of the free and the home of the brave, it seems some states are daring us to test our bravery in managing our finances. With property tax rates soaring in Connecticut, income being snatched away in California, New Jersey residents feeling the weight of property taxes on their shoulders, New Yorkers navigating a maze of income tax rates, and Californians paying a pretty penny at the register, it's a fiscal rollercoaster out there. And let's not forget the cherry on top in the Big Apple with its sales tax adding insult to injury. So, buckle up, folks, and keep those wallets close - it's a wild ride through the priciest states in the good ol' U.S. of A!

Transportation

  • New York has the highest average auto insurance premium at $2,996 per year
  • California's average gas price is $4.68 per gallon
  • Connecticut's average annual car insurance premium is $1,845
  • California's average gas price for regular fuel is $4.68 per gallon
  • Massachusetts' average annual car insurance premium is $1,296
  • Connecticut's average gas price for regular fuel is $3.51 per gallon
  • New Jersey's average annual car insurance premium is $1,757
  • Hawaii's average annual car insurance premium is $1,127
  • Alaska's average gas price for regular fuel is $3.72 per gallon

Interpretation

In the world of geography, it seems the cost of living is like a high-stakes game of Monopoly, with each state holding its own pricey properties. From the skyscraper premiums of New York auto insurance to California's gas prices that could make your wallet weep, it's no wonder Connecticut, Massachusetts, and New Jersey are also cashing in on the car insurance craze. Meanwhile, Hawaii is serving up affordable premiums as refreshing as a cool ocean breeze, while Alaska's gas prices offer a chilly reminder that the Last Frontier comes at a cost. So, as you navigate the game board of the United States, remember to budget wisely and maybe consider walking in the footsteps of our forefathers – they didn't have cars, after all.

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