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America’s cheapest states to live in 2014

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» more from America's Top States for Business 2014

Where the cost of living is lowest

The cost of living is a key factor when businesses decide where to set up shop. That's why Cost of Living is one of the categories we measure as we rank America's Top States for Business. The lower the cost of living, the higher the score.

Click to see America's least expensive states to live in, as ranked by CNBC, as well as a sampling of the prices you'll pay for some basics in the most expensive area of the state.

(Average price data based on Council for Community and Economic Research C2ER Cost of Living Index, 2013.)

—By Scott Cohn, senior correspondent & Betsy Cline, producer, CNBC
Posted 24 June 2014

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