America's Most Expensive States 6 to 10_ Entrepreneur.pdf

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America's Most Expensive States
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JUNE 29, 2014
Businesses don't just look at their own costs
when deciding where to set up shop. They also
look at the local cost of goods and services for
their employees and executives. After all,
wages go further when the cost of living is low.
That's why Cost of Living is one of the
categories we measure as we rank America's
Top States for Business. The higher the cost of
living, the lower the score.
SCOTT COHN
FROM CNBC
Click to see America's most expensive states
to live in, as ranked by CNBC, along with a
sampling of the prices you'll pay for some
basics in the most expensive area of the state.
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Maryland has been known as the Free State since 1864, but the
nickname couldn't be further from the average cost of living in the 10th
most expensive state. Even potato chips and a 2-liter of Coke are going
to cost you: $4.13 and $1.76, respectively. The national average for the
same snack is more like $3.62 and $1.56.
2014 Cost of Living rank: #41 (10th most expensive)
2014 Cost of Living score: 10 (out of 50)
2013 Cost of Living rank: #42 (9th most expensive)
Avg. home price (Bethesda-Gaithersburg-Frederick Metro):
$583,838
Half gallon of milk: $2.57
Pound of ground beef: $3.46
Monthly energy bill: $210.11
Doctor visit: $84.89
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9. Rhode Island
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A bit of trivia: Rhode Island's state bird is a chicken--the Rhode Island
Red, to be exact. If you're thinking of including this staple at your next
meal in the ninth most expensive state, consider this: The average cost
for a pound of chicken here is $1.36, more than the national average of
$1.25. If you're thinking of opting for eggs instead to save some green,
think again. A dozen eggs in Rhode Island averages $2.26, 50 cents
more than the national average. (Disclaimer: Our study does not
address which came first--the chicken or the egg.)
2014 Cost of Living rank: #42 (9th most expensive)
2014 Cost of Living score: 9 (out of 50)
2013 Cost of Living rank: #44 (7th most expensive)
Avg. home price (Providence Metro): $386,097
Half gallon of milk: $2.94
Pound of ground beef: $4.00
Monthly energy bill: $220.53
Doctor visit: $149.00
8. New Hampshire
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New Hampshire may be known as the Granite State, but it has several
other statewide symbols you may not have heard: The state beverage
is apple cider, and the state dog is the Chinook. What about the state
vegetable? If you guessed white potato, you are correct! If you opt for
the tastier version of this vegetable, you'll be disappointed to hear the
average cost of potato chips in the eighth most expensive state is
$4.05--40 cents more than the national average. There is a silver lining,
though. If you choose to make those chips yourself, you'll pay less here
than the national average for a 5-pound bag of potatoes: $2.90
compared to $2.98.
2014 Cost of Living rank: #43 (8th most expensive)
2014 Cost of Living score: 8 (out of 50)
2013 Cost of Living rank: #40 (11th most expensive)
Avg. home price (Manchester-Nashua Metro): $389,899
Half gallon of milk: $2.22
Pound of ground beef: $3.67
Monthly energy bill: $191.47
Doctor visit: $149.00
7. New Jersey
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Real estate in the seventh most expensive state was made famous the
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world over when the makers of Monopoly named their properties--like
Marvin Gardens, Atlantic and Ventnor--after streets in Atlantic City, New
state where the average renter pays more than $1,600 and the average
price to buy a home is $551,284, Baltic and Mediterranean may be more
realistic.
2014 Cost of Living rank: #44 (7th most expensive)
2014 Cost of Living score: 7 (out of 50)
2013 Cost of Living rank: #46 (5th most expensive)
Avg. home price (Bergen-Passaic Metro): $551,284
Half gallon of milk: $3.30
Pound of ground beef: $3.40
Monthly energy bill: $234.41
Doctor visit: $106.20
6. Massachusetts
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The Bay State, you may not know, is home to many famous confections:
Junior Mints from Cambridge, Necco Wafers from Revere, even
Marshmallow Fluff from Somerville. These treats are a wonder, given the
high cost of sugar in the sixth most expensive state: $2.95 compared to
the much sweeter-sounding $2.57 national average.
2014 Cost of Living rank: #45 (6th most expensive)
2014 Cost of Living score: 6 (out of 50)
2013 Cost of Living rank: #43 (8th most expensive)
Avg. home price (Boston Metro): $482,267
Half gallon of milk: $2.79
Pound of ground beef: $4.36
Monthly energy bill: $243.36
Doctor visit: $149.00
This story originally appeared on CNBC
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