On April 2, 2025, President Trump introduced a minimum 10% tariff on nearly all imports, surprising economists and causing immediate stock market drops. This move raised concerns, reminiscent of the Smoot-Hawley Tariff Act of 1930, which contributed to the Great Depression. Amid rising inflation and cost of living pressures, Americans are seeking affordable living options. 24/7 Wall St. identified the cheapest counties to live in each state, using data from U.S. Census Bureau, demonstrating significant regional cost of living differences throughout the country.
President Trump’s recent announcement of a minimum 10% tax on nearly all imports has raised concerns among economists about rising prices on everyday items, reflecting historical precedences.
Economists warn that President Trump’s tariffs may lead to increased prices for American consumers, reminiscent of the 1930s Smoot-Hawley Tariff, which some believe worsened the Great Depression.
With inflation and prices soaring, many Americans are searching for more affordable living options, prompting discussions around the most inexpensive counties across the U.S.
Utilizing data from the U.S. Census Bureau and the Department of Commerce, 24/7 Wall St. identified the least expensive counties in every state, highlighting significant regional cost variations.
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