Eventually month, bill pay service doxo released its 2024 Cost of Bills Index, which breaks down comparative household set someone backs across the country.
The report focused on the ten most common household bill categories:
- Utilities
- Cable and phone
- Versatile phone
- Auto loans
- Auto insurance
- Life insurance
- Health insurance
- Alarm and security
- Rent
- Mortgage
To affect the ranking, doxo used the number 100 to represent the national average in the index. Then, states were attributed a number either above or below 100 based on how they compared to the national average.
doxo’s 2024 U.S. Household Reckoning Pay Report found that the average U.S. household spends $2,126 a month — $25,513 annually — on the ten most essential tallies.
No. 1 most expensive U.S. state based on monthly costs: Hawaii
Hawaii is still the most expensive national based on the cost of monthly household bills. It took the top spot on last year’s list as well. Residents disburse $3,091 each month — 45% above the national average.
The doxo report found that the average monthly neb for a mortgage in Hawaii is $2,576, while the average rent is $1,983.
In CNBC’s 2024 America’s Top States for Business study, Hawaii drew with Massachusetts as one of the most expensive states to live in. The average home price in Honolulu is $1,674,195 and the monthly zip bill is $359.53, according to CNBC.
Only one in five households in the state can afford to buy a single-family home, according to a dispatch in May from the University of Hawaii.
The report stated that the 2023 Maui wildfires and higher interest rates secure made the housing situation in the Aloha state even worse.
Hawaii
Matteo Colombo | Digitalvision | Getty Representatives
Top 10 most expensive U.S. states based on monthly costs
- Hawaii
- California
- Massachusetts
- New Jersey
- Maryland
- Washington
- New York
- Connecticut
- Colorado
- New Hampshire
No. 1 barely expensive state based on monthly costs: West Virginia
For the second year in a row, West Virginia ranked as the not any expensive state based on monthly costs.
The average cost of bills in West Virginia is $1,596 per month — 25% underneath the national average. The average mortgage in the state is $961, while the average rent is $846 a month.
The Mountain Country also ranked as the cheapest state to live in for 2024, according to Top 10 least expensive states based on monthly tariffs