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Least & Most Expensive Closing Costs Per State

The expense of closing costs are a major concern of most clients. Bankrate.com did a survey so we can more easily answer that question. These figures are based on a $200,000 property.

Top 10 Least Expensive States For Closing Costs

1. North Carolina $2,650
2. Kansas $2,669
3. Missouri $2,758
4. Maine $2,793
5. South Dakota $2,797
6. Iowa $2,804
7. Wyoming $2,804
8. Illinois $2,826
9. Vermont $2,872
10. Indiana $2,878

Top 10 Most Expensive States For Closing Costs

1. New York: $4,016
2. Texas: $3,975
3. Florida: $3,683
4. Oklahoma: $3,558
5. New Mexico: $3,465
6. New Jersey: $3,432
7. Pennsylvania: $3,411
8. Alaska: $3,409
9. Colorado: $3,358
10. California: $3,321

Find how your state ranks.

Posted by Lynnette Phillips Real Estate Consultant on 08/20/2008 10:35 AM

Comments (11)

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11 Comments on Least & Most Expensive Closing Costs Per State

AUG

2008

Thanks for sharing this -- very interesting.

www.kathytorline.com

I didn't realize there was such a variation. Thanks for coming by, Kathy

AUG

2008

Lynette- That's a pretty big margin for some of the states, and of course California has to be one of the top 10 most expensive.

AUG

2008

Kathy, At least California is # 10! I imagine some of these are in the top 10 because because they require lawyer services. Thanks for reading my posts, Lynnette

AUG

2008

hey, just came across your post, I found it very interesting and informative, I saw your other blog posts as well but this one got to be the best among the others! great work!

http://www.lonestarfinancing.com

THANKS!!!

Interesting. I suppose that there are trade offs, because while Florida ranks # 3 most expensive, deed and doc stamps etc are tax revenues to the state and we don't have state income tax here.

AUG

2008

Deborah, Obviously this survey only took one basic fact into consideration! Thanks for helping clarify the facts. :)

Interesting...MS was ranked 30 (down from 14 the year before). Wonder what made it drop. I see they don't take into accout taxes. I suspect MS would come out cheaper if they did as we have no transfer tax. I used to work for a retailer closing commercial properties and I remember both parts of New York and Philadelphia have very high closing costs.