Housing

Most Expensive States to Live in for 2012

cost of house mortgage

You won’t get more for your money in these 10 states.

With the launch of CNBC’s sixth-annual edition of “America’s Top States For Business,” we decided to take a look at the cost of a variety of items in the nation’s 10 most expensive states. In the CNBC study, states are ranked using a 50-point scale—the lower the score, the higher the cost of living, and vice versa.

Interestingly enough, some of the states with the highest cost of living also had some of the highest scores in the quality-of-life category, so maybe you do get what you pay for.

Nevertheless, only one of 10 states in the slides ahead managed to rank among the top 10 overall in this year’s Top States for Business. Cost of living may not be among the top criteria for a business, but it can be a big consideration for employees in the state.

To cover as much ground as possible, we included the average cost of one item related to housing, transportation, health, food and entertainment — single-family home, movie-theatre ticket, residential rent, doctor’s visit, gallon of gasoline and even a T-bone steak — in the most expensive metropolitan areas of each of the 10 states. Data are from the ACCRA Cost of Living Index, based on average prices from Q1 2011-Q1 2012.

So, which states have the highest cost of living? Read on to find out!

10.Massachusetts

Most expensive area: Framingham-Natick

House: $534,420
Movie ticket: $10.77
Rent: $1,450
Doctor visit: $145.33
Gallon of gas: $3.503
T-bone steak: $9.61

9. Vermont

Most expensive area: Burlington-Chittenden

House: $394,512
Movie ticket: $9.19
Rent: $1,354
Doctor visit: $102.50
Gallon of gas: $3.494
T-bone steak: $8.75

8. Maryland

Most expensive area: Bethesda-Gaithersburg-Frederick

House: $534,832
Movie ticket: $10.86
Rent: $1,577
Doctor visit: $87.98
Gallon of gas: $3.625
T-bone steak: $10.28

7. Rhode Island

Most expensive area: Providence

House: $359,282
Movie ticket: $10.85
Rent: $1,375
Doctor visit: $149.00
Gallon of gas: $3.606
T-bone steak: $10.51

6. New Jersey

Most expensive area: Bergen-Passaic

House: $497,759
Movie ticket: $10.86
Rent: $1,631
Doctor visit: $83.24
Gallon of gas: $3.449
T-bone steak: $9.91

5. California

Most expensive area: San Francisco

House: $799,988
Movie ticket: $10.81
Rent: $2,524
Doctor visit: $121.27
Gallon of gas: $3.741
T-bone steak: $10.25

4. New York

Most expensive area: New York (Manhattan)

House: $1,215,129
Movie ticket: $13.06
Rent: $3,378
Doctor visit: $140.40
Gallon of gas: $3.884
T-bone steak: $14.25

3. Connecticut

Most expensive area: Stamford

House: $568,945
Movie ticket: $10.38
Rent: $1,993
Doctor visit: $116.74
Gallon of gas: $3.845
T-bone steak: $10.82

2. Alaska

Most expensive area: Juneau

House: $493,167
Movie ticket: $10.50
Rent: $1,437
Doctor visit: $156.42
Gallon of gas: $3.941
T-bone steak: $10.64

1. Hawaii

Most expensive: Honolulu

House: $659,530
Movie ticket: $10.31
Rent: $2,658
Doctor visit: $129.13
Gallon of gas: $3.987
T-bone steak: $7.80

The Most Expensive States to Live in for 2012” was provided by CNBC.com.