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15 States That Were Hit the Hardest by Skyrocketing Inflation

February 9, 2025

3 min Read

Written by T. Woods

Edited by Chris Cluff

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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.

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.

15. New York

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

14. Nevada

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

13. Arizona

Cumulative inflation since 2021: 21.8%
Monthly inflation costs since 2021: $1,181
Annual inflation costs since 2021: $14,173

12. New Jersey

Cumulative inflation since 2021: 19.2%
Monthly inflation costs since 2021: $1,188
Annual inflation costs since 2021: $14,254

11. Virginia

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

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10. Massachusetts

Cumulative inflation since 2021: 17.9%
Monthly inflation costs since 2021: $1,214
Annual inflation costs since 2021: $14,562

9. Delaware

Cumulative inflation since 2021: 22.4%
Monthly inflation costs since 2021: $1,223
Annual inflation costs since 2021: $14,676

8. Hawaii

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

7. Minnesota

Cumulative inflation since 2021: 20.7%
Monthly inflation costs since 2021: $1,242
Annual inflation costs since 2021: $14,906

6. Maryland

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

5. Florida

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

4. Alaska

Cumulative inflation since 2021: 20.1%
Monthly inflation costs since 2021: $1,273
Annual inflation costs since 2021: $15,270

3. California

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

2. Utah

Cumulative inflation since 2021: 21.8%
Monthly inflation costs since 2021: $1,289
Annual inflation costs since 2021: $15,473

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.

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