States With Best Cost Of Living 2024. With its warm climate, low cost of living, and influx of retirees, south carolina is the best state to retire in. The cost of living index (coli) compiles the six subcategories (housing, utilities, grocery items, transportation, health care, and.

Utah came out on top as the most affordable state, thanks to manageable health care costs. Settling down in one of the cities below could do wonders for your wallet.