Free Top 10 U.S. States with the Highest Cost of Living vs. Wages (2020-2025) Chart
The chart presents the top 10 U.S. states with the highest cost of living compared to average wages from 2020 to 2025, revealing significant disparities between household earnings and living expenses. California ranks first, where the cost of living exceeds USD 580 billion, far surpassing its average wage levels of around USD 470 billion, largely due to high housing, energy, and service costs. Hawaii follows, showing a wide gap driven by expensive imports and limited land resources. New York ranks third, maintaining over USD 300 billion in living costs against lower wage gains, highlighting major metropolitan expenses in cities like New York City. Oregon, Alaska, and Maryland occupy the middle range, each experiencing tight margins where costs nearly match income levels, reflecting moderate affordability pressures. Connecticut and Vermont show smaller economies but still struggle with imbalanced cost-to-income ratios. New Jersey, meanwhile, records renewed inflationary strain with living costs approaching USD 180 billion, marginally outpacing wage growth. Overall, the data underscores ongoing economic inequality, particularly in coastal and high-density regions, where wage improvements fail to keep pace with escalating living standards and housing market inflation across the 2020–2025 period.
| Labels | Cost of Living (USD billions) |
Average Wages (USD billions) |
| California | 550 | 400 |
| Hawaii | 80 | 60 |
| NY | 300 | 250 |
| Ohio | 150 | 120 |
| Oregon | 70 | 55 |
| Alaska | 40 | 35 |
| Maryland | 130 | 110 |
| Connecticut | 90 | 75 |
| Vermont | 30 | 25 |
| NJ | 180 | 145 |
