CHICAGO — From the grocery store to the gas pump, it’s nearly impossible to escape inflation. However, as it continues to rise, some states are doing slightly better than others.
The states that handle inflation best are the states where it is least expensive to live because historically, inflation has been the cheapest in those states. That’s due to a combination of factors, including the federal government’s regional inflation rates to the cost-of-living index.
These are the 10 cheapest states to live in as inflation rises, according to a CNBC exclusive Study of the main states of the United States for businesswhich ranks states based on an index of prices for a wide range of goods and services.
- West Virginia
NewsNation compared the cost of living in two cities that have the same name but little else in common: Manhattan, Kansas, and Manhattan, New York.
The cost of an average house in Manhattan, Kansas is $176,000, while the average rent is $860. Compare that to Manhattan, New York, where the median home price is $1.4 million, and if you’re lucky, you can find an apartment for $4,200.
Meanwhile, inflation is hitting these 10 states the hardest:
- New York
- Rhode Island
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