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America's most expensive states in 2014

How much does milk cost in Hawaii? Or ground beef in California? It's not cheap to live in these 5 states.

1. New York

  • 2014 Cost of Living rank: No. 50 (most expensive)
  • 2014 Cost of Living score: 1 (out of 50)
  • Avg. home price (Manhattan): $1,358,917
  • Half gallon of milk: $2.23
  • Pound of ground beef: $4.39
  • Monthly energy bill: $246.55
  • Doctor visit: $103.25

Think a burger in New York costs too much? Then steer clear of one of the most expensive restaurants in the most expensive state: Masa. There's no menu here, but dinner at this Manhattan sushi house will set you back $450. Yes, that's per person—before drinks, tip and taxes. ... So think twice before ordering that sake.

2. Hawaii

  • 2014 Cost of Living rank: No. 49 (2nd most expensive)
  • 2014 Cost of Living score: 2 (out of 50)
  • Avg. Home Price (Honolulu Metro): $742,651
  • Half gallon of milk: $3.56
  • Pound of ground beef: $3.80
  • Monthly energy bill: $364.83
  • Doctor visit: $109.87

Hawaii may be beautiful, but life in paradise doesn't come cheap. Locals joke that some staples cost more here than in Manhattan. Don't even think of comparing the second most expensive state to the rest of the country, where a dozen eggs averages $1.74. In Honolulu it's going to be nearly $2 more, at $3.40 a dozen! With these prices, Spam doesn't sound so bad.

3. Connecticut

  • 2014 Cost of Living rank: #48 (3rd most expensive)
  • 2014 Cost of Living score: 3 (out of 50)
  • Avg. home price (Stamford Metro): $597,977
  • Half gallon of milk: $2.50
  • Pound of ground beef: $3.95
  • Monthly energy bill: $232.74
  • Doctor visit: $116.64

Noah Webster, the author of the first American dictionary, was born in West Hartford, Connecticut, making it an appropriate place to review the definition of expensive. Even your breakfast in the third most expensive state will cost more than most in the Lower 48: A pound of bananas here, for instance, will set you back nearly $1—more than one and a half times the national average and only slightly less than Hawaii and Alaska.

4. California

  • 2014 Cost of Living rank: No. 47 (4th most expensive)
  • 2014 Cost of Living score: 4 (out of 50)
  • Avg. home price (San Francisco-Redwood City-South San Francisco Metro): $820,479
  • Half gallon of milk: $2.66
  • Pound of ground beef: $3.57
  • Monthly energy bill: $165.30
  • Doctor visit: $130.96

The Golden State is an apt name for the fourth most expensive state to live in, where everyday costs rival the price of gold. If paying an average of $165 for your monthly energy bill and $24 for your home phone bill makes you want to jump in the Pacific, don't even think about the average price to buy a home: $820,479.

5. Alaska

  • 2014 Cost of Living rank: No. 46 (5th most expensive)
  • 2014 Cost of Living score: 5 (out of 50)
  • 2013 Cost of Living rank: No. 49 (2nd most expensive)
  • Avg. home price (Fairbanks Metro): $395,133
  • Half gallon of milk: $2.43
  • Pound of ground beef: $4.35
  • Monthly energy bill: $509.29
  • Doctor visit: $168.67

Aurora borealis—bright curtains of yellow, green, red and purple light produced by charged electrons and protons in the atmosphere—illuminates the sky over Fairbanks, Alaska, about 240 nights a year. Since the average cost of your power bill in the fifth most expensive state to live will set you back more than $500, you may be better off relying on the Northern Lights to brighten your home.

Source: http://money.msn.com/