ELIGIBLE Americans have less than $50 spare per month – but living in this one state could save you over £12,000 per year.
A groundbreaking new study has shown the states with the best wages and living costs in 2025 – and you might be surprised by which one takes the top spot.
Americans can save more than £12,000 annually by living in this state[/caption]
Virginia is the best state to live in economically[/caption]
According this year’s research, Virginia has the most liveable wages out of all the US states.
Maryland took second place as the most affordable state to live in, while Alaska finished in third.
The study analyzed various factors such as the average cost of household bills, groceries, and health insurance.
Combining these to determine each state’s average essential monthly spending, the final ranking was then determined by which had the highest amounts of leftover income at the end of the month.
The survey concluded that Virginia was the best economic option for Americans to live in.
The research team at the online productivity platform Plus Docs headed the eyeopening research.
The study also revealed the average US citizen is now only left with $46 spare at the end of each month.
This is due to the country’s skyrocketing cost-of-living.
An average American is now spending more on essentials like healthcare and groceries.
This makes it increasingly challenging for the national average income to stretch throughout the month.
In the most liveable state, the average Virginian will have around $1,050 spare after paying monthly living costs.
That means residents here save an extra £12,600 per year.
This eye-watering sum is a whopping 2,183 per cent more than the average American.
The state has a relatively high average household income of $5,336.
Virginia also boasts some of the cheapest household bills – with locals saving on gas, electricity, water and insurance.
The new study shows residents spend an average of $106.72 on bills per month.
This is at least 5 per cent lass than what the average US citizen spends.
The state is also home to some of the lowest life insurance prices nationwide.
Most afforable states in America, ranked best to worst
Research by Plus Doc
1. Virginia — $1,050
2. Maryland — $879
3. Alaska — $843
4. Texas — $593
5. Kansas — $437
6. Illinois — $425
7. Oklahoma — $369
8. North Dakota — $329
9. Iowa — $293
10. Nebraska — $285
11. New York — $236
12. Minnesota — $232
13. Wisconsin — $229
14. Arizona — $222
15. Washington — $219
16. New Jersey — $205
17. Georgia — $201
18. Arkansas — $196
19. Ohio — $129
20. Nevada — $115
21. Pennsylvania — $114
22. Utah — $103
23. South Carolina — $45
24. Michigan — $34
25. North Carolina — $14
26. Indiana — $12
27. New Mexico — $-14
28. Missouri — $-19
=29. South Dakota — $-23
=29. Delaware — $-23
30. Mississippi — $-27
31. Tennessee — $-35
32. Alabama — $-40
33. Kentucky — $-48
34. Idaho — $-70
35. Connecticut — $-83
36. Florida — $-94
37. Colorado — $-111
38. Wyoming — $-147
39. New Hampshire — $-164
40. Oregon — $-210
41. California — $-277
42. Massachusetts — $-405
43. Vermont — $-413
44. Rhode Island — $-428
45. West Virginia — $-480
46. Louisiana — $-481
47. Montana — $-543
48. Maine — $-596
49. Hawaii — $-780
Locals spend around $20.06 monthly on this essential.
Coming in at second place, Maryland’s average citizen keeps $879 leftover at the end of each month, with its mean monthly household income at $5,327.
And in third, Alaska boasts an average of $843 spare in cash for each resident at the end of the month.
It terms of the most expensive states to live in, research says that Hawaii is the hardest on Americans’ pockets.
Despite having the highest average monthly household income in the study at $6,008 – residents there are usually left in debt of $780 at the end of each month.
This is largely due to the state’s high expenses, with residents spending more on groceries and utilities.
Maine was also singled out as one of the least affordable states to live in,
Residents are typically left in debt by $596 at the end of each month.
Another low-ranking state in the study was Montana, with locals here being left in debt by $543 at the end of each month.
CEO and co-founder of Plus Docs Daniel Li said of the study: “This research is a clear reflection of America’s ongoing cost-of-living crisis, something which is making it increasingly difficult for the average US citizen to manage purely on their monthly income alone.”
Americans save the most living in Virginia[/caption]
