Trends

The Most Expensive States in 2011

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

With the launch of CNBC’s fifth 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 ten 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. That said, only one of the ten states in the slides ahead managed to rank among the top ten overall in this year’s Top States for Business study. 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 one item related to housing, transportation, health, food and entertainment. It includes the average cost of a single-family home, the best-selling cholesterol drug Lipitor, a movie theatre-ticket, a doctor’s visit and a gallon of gasoline in the most expensive metropolitan areas of each of the ten states using data from the ACCRA Cost of Living Index. ACCRA’s numbers reflect the average prices from Q1 2010 through Q1 2011.

 

10. Massachusetts

Most expensive metropolitan area: Framingham-Natick
House: $529,300
Movie ticket: $10.51
Lipitor: $162.56
Doctor visit: $112.24
Gallon of gas: $2.807

9. Vermont

Most expensive metropolitan area: Burlington-Chittenden
House: $405,825
Movie ticket: $8.80
Lipitor: $150.55
Doctor visit: $105
Gallon of gas: $2.892

8. Rhode Island

Most expensive metropolitan area: Providence
House: $361,195
Movie ticket: $10.75
Lipitor: $142
Doctor visit: $149
Gallon of gas: $2.903

7. Maryland

Most expensive metropolitan area: Bethesda-Gaithersburg
House: $535,409
Movie ticket: $10.69
Lipitor: $158.10
Doctor visit: $87.29
Gallon of gas: $2.950

6. New York

Most expensive metropolitan area: New York (Manhattan)
House: $1,140,461
Movie ticket: $12.28
Lipitor: $160.05
Doctor visit: $125.89
Gallon of gas: $3.148

5. New Jersey

Most expensive metropolitan area: Bergen-Passaic
House: $511,212
Movie ticket: $10.58
Lipitor: $159.67
Doctor visit: $83.52
Gallon of gas: $2.758

4. Connecticut

Most expensive metropolitan area: Stamford
House: $606,742
Movie ticket: $10.33
Lipitor: $154.61
Doctor visit: $102.26
Gallon of gas: $3.075

3. California

Most expensive metropolitan area: San Francisco
House: $808,481
Movie ticket: $10.58
Lipitor: $145.98
Doctor visit: $120.83
Gallon of gas: $3.116

2. Alaska

Most expensive metropolitan area: Fairbanks
House: $438,225
Movie ticket: $10.69
Lipitor: $156.99
Doctor visit: $150.05
Gallon of gas: $3.478

1. Hawaii

Most expensive metropolitan area: Honolulu
House: $689,781
Movie ticket: $10.08
Lipitor: $160.96
Doctor visit: $130.15
Gallon of gas: $3.437

The Most Expensive States to Live In was provided by CNBC.com.

Photo: ground.zero