A new report by Best Life reveals the Most Expensive States In The U.S. They used factors like average home value, property tax rate, average state and local tax rate, and average median annual household income in each states. California is the most expensive state in America. While the annual median household income is over $80,000, average homes cost almost $580,000, with a property tax rate of .72 and state and local taxes at around 8.66%. Massachusetts makes it into the top 5 the where the average home value is $439,531 and the annual median household income is $85,843.
Top Ten Most Expensive States In The U.S.
- New Jersey
- New York
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