Income inequality is exacerbated by substantial differences in cost of living across the U.S., with some states, like California and New York, exhibiting extreme levels of expense.
The Composite Cost of Living Index reveals how varied the cost of living is across the country, highlighting that housing can vary by as much as 213% more expensive in certain areas.
Overall, while housing is the least expensive category in the 27 cheapest states, it turns into the most expensive in the top 10 most costly, illustrating stark regional disparities.
Examining the cost of living through consumer categories, the index highlights how some state residents face significantly higher costs in everyday expenses, impacting income equality.
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