Best states to live in, 2023. See where your state ranks for affordability, safety and more. (2024)

Is your state among the best to live in this year? WalletHub has an answer.

Researchers at the personal finance publicationranked the 50 statesbased on scores in fivecategories: affordability,economy,education and health,quality of life, and safety.

Massachusetts topped 2023’s list, scoring61 out of 100. New Jerseycame in second. New Hampshire, New York, and Wyoming fill out the rest of the top fivestates to live in, in that order.

Several Southern states– Mississippi, Louisiana and Arkansas, among others– rounded out the bottom of WalletHub's rankings.

What went into WalletHub's state scores?

WalletHub says itsrankings reflect the states' scores on 51 “livability” indicators, each weighted differently. Here's a breakdown of the five categories:

Affordability:Takes into account the cost of living, housing price including, median household income, home ownership and median annual property taxes.

Economy:Indicators include the state unemployment rate, poverty rate, and wealth gap among others.

Quality of life:Measured by commute times, infrastructure quality, access to walking and bike trails, air quality and weather among several other indicators.

Education and health:Indicators including the quality of the public school and hospital systems, life expectancy and the premature death rate.

Safety:WalletHub looks at violent and property crime rates, traffic deaths and the number of law enforcement employees.

Each category is worth 20 points, with a total maximum score of 100.

Best state to live in by affordability, safety and more

While Massachusetts has the highest total score for 2023, each state ranks differently depending on the livability metric.

Alabama ranked the best state to live in for affordability, while California ranked the worst for this metric.

New York had the best ranking for quality of life, while Alaska had the worst ranking for this same category.

Which states are people moving to?

In 2021, thousands of California residents picked up and moved across the country to Texas, with 111,000 people – or 300 people a day – headed to Texas from the Golden State, an 80% increase compared to 2012, according to data from the U.S. census and IPUMS.

Florida also experienced a major influx of residents during the pandemic, especially those with high incomes. SmartAsset, a personal finance site, analyzed themigration patterns of householdsin the US making $200,000 or above. Florida added a net total of 27,500 high-earning families between 2020 and 2021.

New York along with California experienced the largest negative net-migration of high-income residents.This migration of high-income earners can be attributed to rising inflation and increased cost of living.

California to Texas:Many Americans are opting into moving to Texas to save money.

Pandemic migration patterns:Which states gained the most high-income families during the pandemic?

Best states to live in, 2023. See where your state ranks for affordability, safety and more. (2024)

FAQs

Best states to live in, 2023. See where your state ranks for affordability, safety and more.? ›

Massachusetts topped 2023's list, scoring 61 out of 100. New Jersey came in second. New Hampshire, New York, and Wyoming fill out the rest of the top five states to live in, in that order. Several Southern states – Mississippi, Louisiana and Arkansas, among others – rounded out the bottom of WalletHub's rankings.

What is the best state to live in financially in 2023? ›

Top 5 Best States for Families To Live on the Average Salary
  • Connecticut: The Best State Financially for Families. ...
  • New Hampshire. ...
  • Maryland. ...
  • New Jersey. ...
  • Virginia. ...
  • Hawaii: The Worst State Financially for Families. ...
  • Nevada. ...
  • Florida.
Feb 20, 2024

What is the best state ranked in 2023? ›

  • Utah. #1 in Best States Overall. ...
  • New Hampshire. #2 in Best States Overall. ...
  • Nebraska. #3 in Best States Overall. ...
  • Minnesota. #4 in Best States Overall. ...
  • Idaho. #5 in Best States Overall. ...
  • Iowa. #6 in Best States Overall. ...
  • Vermont. #7 in Best States Overall. ...
  • Washington. #8 in Best States Overall.

What is the #1 best state to live in? ›

Massachusetts has been named the top state to live in for 2023 while New Mexico has been named the worst, according to WalletHub. The personal finance website based its rankings, released Aug. 14, on key indicators of livability, including affordability, economy, safety, quality of life and education and health.

Which state has the highest quality of life? ›

Quality of Life in the United States

The top five states in terms of quality of life are Washington, Minnesota, Utah, New Hampshire, and Idaho, signifying these have the best combination of healthcare, education, economy, infrastructure, opportunity, fiscal stability, crime rates and natural environment.

What is the safest state to live in 2023? ›

According to the 2023 Safest States in America report by WalletHub, Vermont has been declared the safest state in the U.S. while Louisiana ranks as the most dangerous. This is the third consecutive year Vermont has taken top honors in WalletHub's Safest States rankings.

What is the cheapest state to live in financially? ›

Mississippi: According to World Population Review, in 2023, Mississippi holds the title of the cheapest state to live in the United States. Its cost of living index is 85, and overall costs in the state are 17% lower than the national average.

What is the best state for seniors to live in? ›

Iowa ranks as the number one state to retire to.

Since health care is a top priority for retirees looking to move, Iowa may be a good choice as it ranks well for medical care and access. Iowa also holds lower crime rates for senior citizens.

Which state has the strongest economy 2023? ›

California

Which state has the best future? ›

  • Utah. Utah will be the nation's No. 1 state to live in 2032. ...
  • Minnesota. Full-time employment: 8. Economic confidence: 1. ...
  • Colorado. Full-time employment: 10. Economic confidence: 12. ...
  • Nebraska. Full-time employment: 2. Economic confidence: 6. ...
  • North Dakota. Full-time employment: 1. ...
  • Virginia. Full-time employment: 9. ...
  • Iowa.

Which state is worth moving to? ›

If you're thinking of relocating this year, consider New Hampshire, Wyoming, Virginia, Rhode Island and Wisconsin, which lead the most recent list of the best states to move to, according to immigration law experts Shoreline Immigration.

What state has the lowest crime rate? ›

The safest state in the U.S., according to the U.S. News methodology, is New Hampshire. With a violent crime rate of 126 per 100,000 and a property crime rate of 1,011 per 100,000, New Hampshire enjoys a high rate of public safety.

What is the #1 state people are moving to? ›

1 state Americans moved to in 2023: Texas. For the sixth time in eight years, Texas is the No. 1 growth state.

What state is the happiest? ›

Utah is now the happiest state in the nation. WalletHub released the results of its 2023 Happiest States in America research. The company combed through studies to identify which internal and external factors give people a sense of overall well-being and satisfaction with life.

What is the happiest and healthiest state in America? ›

Hawaii. According to our research, Hawaii is the healthiest state in the US. It ranks best overall for having low disease risk factors and healthy lifestyle habits.

What city in America has the best quality of life? ›

Ann Arbor is the best U.S. city for quality of life. More than 90% of the city's residents live less than a 10-minute from a public park, according to the U.S. News and World report. A 2023 SmartAsset study report says Ann Arbor saw its Gen Z population — those ages 18 to 24 — grow the fastest in 2022.

Which state has the best economy in 2023? ›

Strongest State Economies in 2023
RankStateReal GDP Growth 2023 YoY
1North Dakota+5.9%
2Texas+5.7%
3Wyoming+5.4%
4Alaska+5.3%
7 more rows
Apr 11, 2024

What is the cheapest state in the U.S. 2023? ›

Mississippi, known for its rich history, warm hospitality, and mouthwatering southern cuisine, is not only the state with the lowest cost of living in the U.S., but it also offers an affordable lifestyle that can be a particularly appealing place to live for families, retirees, and anyone looking to stretch their ...

What state has the best economy to live in? ›

  • Florida. #1 in Economy. #9 in Best States Overall. ...
  • Idaho. #2 in Economy. #5 in Best States Overall. ...
  • Utah. #3 in Economy. #1 in Best States Overall. ...
  • Colorado. #4 in Economy. #16 in Best States Overall. ...
  • Nevada. #5 in Economy. #33 in Best States Overall. ...
  • Texas. #6 in Economy. ...
  • New Hampshire. #7 in Economy. ...
  • Massachusetts. #8 in Economy.

What is the best state to retire on a fixed income in 2023? ›

Other recent surveys came up with a variety of top picks, but many with similar themes: Bankrate.com named Iowa as its number one in 2023, citing low cost of living and tax rates as well as affordable housing costs and ample space, Wallethub, meanwhile, chose Florida in 2024, giving it the top spot in quality of life ...

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