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TH E M R EP O RT | 51 O R I G I NAT I O N S E R V I C I N G DATA G O V E R N M E N T S E C O N DA R Y M A R K E T THE LATEST DATA Mississippi 1 84.2 70.2 91.2 90.6 91.0 Arkansas 2 87.7 76.7 99.2 87.4 87.6 Michigan 3 89.0 78.0 91.6 103.2 94.3 Missouri 4 89.2 73.2 101.9 94.0 97.9 Oklahoma 5 89.3 73.7 98.8 87.8 93.6 Iowa 6 90.0 78.8 95.6 97.2 96.5 Tennessee 7 90.1 78.8 93.3 89.6 88.8 Alabama 8 90.2 72.5 109.5 89.2 86.2 Kansas 9 90.7 77.7 100.1 93.4 95.8 Georgia 10 91.1 75.4 97.9 94.8 96.4 Texas 11 91.6 84.3 101.7 93.8 96.2 Ohio 12 91.7 76.1 94.8 98.9 95.4 Nebraska 13 92.3 84.3 78.4 94.9 101.0 New Mexico 14 92.5 85.9 78.1 97.6 103.5 Indiana 15 92.5 78.2 94.4 98.4 97.0 Idaho 16 93.3 82.0 93.0 112.5 99.7 Kentucky 17 93.7 85.6 91.1 96.9 98.2 North Carolina 18 93.9 82.0 97.1 96.5 107.8 Louisiana 19 93.9 86.9 95.7 96.5 94.3 Wyoming 20 95.5 80.7 111.8 94.1 98.3 Wisconsin 21 95.6 87.9 100.7 99.4 112.0 South Dakota 22 95.7 94.4 92.7 95.0 103.0 Arizona 23 96.0 88.3 105.8 101.7 95.6 Illinois 24 96.6 89.6 96.7 103.5 100.7 Utah 25 96.7 93.6 80.1 107.0 100.3 West Virginia 26 96.8 87.4 89.0 101.7 93.4 South Carolina 27 98.4 86.8 110.0 90.3 101.5 Florida 28 98.9 97.1 99.7 98.6 95.7 Minnesota 29 99.0 87.7 87.9 103.6 112.3 North Dakota 30 99.9 94.8 83.6 107.6 112.4 Montana 31 101.2 107.8 77.0 98.7 104.6 Pennsylvania 32 101.5 98.2 110.4 106.7 91.7 Virginia 33 101.9 111.6 100.5 89.5 99.9 Delaware 34 103.5 99.8 91.1 99.9 97.0 Colorado 35 104.0 120.7 78.1 104.8 102.1 Nevada 36 106.6 109.1 86.1 114.1 107.7 Washington 37 107.6 110.6 92.7 119.9 117.4 Maine 38 113.5 123.5 119.3 107.9 107.2 New Hampshire 39 113.7 110.2 130.4 105.7 115.3 Vermont 40 120.2 147.1 120.5 108.3 105.8 New Jersey 41 120.5 148.1 113.4 109.1 105.6 Rhode Island 42 123.0 136.6 127.1 105.9 109.8 Connecticut 43 124.9 154.9 104.0 111.7 113.4 Oregon 44 125.7 176.5 76.8 115.1 105.6 Massachusetts 45 127.3 164.3 115.9 106.6 119.4 Maryland 46 128.4 181.1 105.3 105.1 92.4 Alaska 47 131.9 140.7 144.9 129.0 147.2 New York 48 134.1 195.1 106.1 112.0 103.1 California 49 140.5 209.0 112.0 127.6 110.5 District of Columbia 50 157.4 261.4 115.2 107.9 101.5 Hawaii 51 188.4 302.8 196.4 138.9 114.1 W hen a homebuyer thinks about their ideal home, what factors come to mind? Perhaps the number of bedrooms or whether there's a pool in the backyard? While these features will all impact a buyer's decision, for most people, location is king. While a borrower may want to purchase a home in a location with all the perfect amenities—that comes with a price. So which states could make having it all into reality? The Missouri Economic Research and Information Center (MERIC) compiled a list of the most affordable states as of Q3 2017, and ranked them by an overall cost of living index. MERIC derives the cost of living index for each state by averaging the indices of participating cities and metropolitan areas in that state, based on cost of living considerations such as housing, utilities, transportation, and health. Are you already living in one of the least expensive states? Let's find out. State Rank Index Housing Utilities Transportation Health State Rank Index Housing Utilities Transportation Health Source: Missouri Economic Research and Information Center Cost of Living Q3 2017 report. Location is King State Affordability Rankings