15 States That Were Hit the Hardest by Skyrocketing Inflation

Increased cost of living and inflation have been a significant topic of conversation in the post-COVID-19 America, as prices across the board seem to continually rise. Whether it’s triple-digit grocery receipts or wallet-busting stops at the gas pump, costs continue to grow.

Check Out: Here’s the Cost of Living in Every State

Learn More: 5 Subtly Genius Moves All Wealthy People Make With Their Money

That said, inflation is not a flat rate — it does not rise evenly across America. Indeed, some states have been hit far harder by inflation in the last four years than others.

Curious where your home state falls on the inflation scale? GOBankingRates recently compiled information from the Joint Economic Council’s State Inflation Tracker to discern which states in America have been hit hardest by inflation since 2021.

Also see what inflation has looked like under every president.

Inflation printed on a piece of torn paper that rests on top of the portrait of Benjamin Franklin on the one hundred dollar bill.

15. New York

  • Cumulative inflation since 2021: 19.2%
  • Monthly inflation costs since 2021: $1,167
  • Annual inflation costs since 2021: $14,004

Also See: 10 Things the Middle Class Won’t Be Able To Afford in Less Than a Decade

Discover More: The Salary Needed To Afford America’s 50 Biggest Cities

The Fed & Inflation.

14. Nevada

  • Cumulative inflation since 2021: 21.8%
  • Monthly inflation costs since 2021: $1,178
  • Annual inflation costs since 2021: $14,138

Explore More: The Living Wage a Family of 4 Needs in All 50 States

Stock market stock photo

13. Arizona

  • Cumulative inflation since 2021: 21.8%
  • Monthly inflation costs since 2021: $1,181
  • Annual inflation costs since 2021: $14,173
Inflation Graphic to illustrate strong rising inflation.

12. New Jersey

  • Cumulative inflation since 2021: 19.2%
  • Monthly inflation costs since 2021: $1,188
  • Annual inflation costs since 2021: $14,254
man person hold showing growth inflation charts and dollar sign.

11. Virginia

  • Cumulative inflation since 2021: 22.4%
  • Monthly inflation costs since 2021: $1,192
  • Annual inflation costs since 2021: $14,306

Find Out: Are You Rich or Middle Class? 8 Ways To Tell That Go Beyond Your Paycheck

abstract business graph.

10. Massachusetts

  • Cumulative inflation since 2021: 17.9%
  • Monthly inflation costs since 2021: $1,214
  • Annual inflation costs since 2021: $14,562
Calculator House, power consumption chart stock illustration

9. Delaware

  • Cumulative inflation since 2021: 22.4%
  • Monthly inflation costs since 2021: $1,223
  • Annual inflation costs since 2021: $14,676
Arrows Surround The Face Of Benjamin Franklin On One Hundred Dollar B stock photo

8. Hawaii

  • Cumulative inflation since 2021: 20.1%
  • Monthly inflation costs since 2021: $1,236
  • Annual inflation costs since 2021: $14,829

Read More: Here’s How Much the Definition of Middle Class Has Changed in the South

Inflation in newspapers.

7. Minnesota

  • Cumulative inflation since 2021: 20.7%
  • Monthly inflation costs since 2021: $1,242
  • Annual inflation costs since 2021: $14,906
man with calculator counting money and making notes at home

6. Maryland

  • Cumulative inflation since 2021: 22.4%
  • Monthly inflation costs since 2021: $1,246
  • Annual inflation costs since 2021: $14,947
Inflation

5. Florida

  • Cumulative inflation since 2021: 22.4%
  • Monthly inflation costs since 2021: $1,261
  • Annual inflation costs since 2021: $15,135

Read Next: How Much Money Is Needed To Be Considered Middle Class in Every State?

Aerial View of Downtown Fairbanks, Alaska during a stormy Summer Sunset.

4. Alaska

  • Cumulative inflation since 2021: 20.1%
  • Monthly inflation costs since 2021: $1,273
  • Annual inflation costs since 2021: $15,270
San Diego, California March 14th 2022: After rising dramatically following Russia's invasion of Ukraine, the price of gas reached a record, topping a high that had stood for nearly 14 years.

3. California

  • Cumulative inflation since 2021: 20.1%
  • Monthly inflation costs since 2021: $1,278
  • Annual inflation costs since 2021: $15,337
money-inflation

2. Utah

  • Cumulative inflation since 2021: 21.8%
  • Monthly inflation costs since 2021: $1,289
  • Annual inflation costs since 2021: $15,473
With the snow covered Longs Peak part of the Rocky Mountains and the iconic flatirons of Boulder in the background, Downtown Denver skyscrapers including the iconic

1. Colorado

  • Cumulative inflation since 2021: 21.8%
  • Monthly inflation costs since 2021: $1,329
  • Annual inflation costs since 2021: $15,944

Methodology: For this piece, GOBankingRates used the December 2024 “Joint Economic Council’s State Inflation Tracker: Increased Costs Relative to January 2021 Prices” to discover how each state has been impacted by inflation. All data was collected on and is up to date as of Jan. 27, 2025.

More From GOBankingRates

This article originally appeared on GOBankingRates.com: 15 States That Were Hit the Hardest by Skyrocketing Inflation

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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