The state with the lowest cost of living is Oklahoma, with an overall cost of living index at 85.5, meaning that the cost of living in the state is 14.5% cheaper than it is on average nationwide. This figure is driven largely by the state's very low cost of housing - with a housing cost index value at 70.5, the second lowest in America.
"A lot of people have this kind of misconception that homes are cheap," said Melnyk. Over the last few years, he's regularly received inquiries from people outside Nova Scotia who are interested in moving to the province.