1. Mississippi. Drumroll, please. Our cheapest state in America is… Mississippi. Like the other cheap states, food and personal necessities are very cheap here — actually the cheapest you’ll find in America. The most affordable place in the cheapest state would be Aberdeen. Here in the Magnolia State, the cost to rent? or buy is about $795 a month. That’s REALLY low. It also costs far cheaper here for food, child care, health care, and every other care you can name. And, of note, Mississippi has by far the cheapest child care costs of any other state – even $150 a month less than Arkansas!

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