A CNBC report released today ranks Hawaii as the most expensive state in which to live.

The news follows a CNBC report last week that singled out Hawaii is as the state with the worst business climate.

The 2013 cost of living ranking was based on a comparison of the costs of five basic goods and services. The report cited the following prices for Hawaii: $742,166 average price for a home in Honolulu, $3.41 for a half gallon of milk, $3.99 for a pound of ground beef, $333.51 monthly energy cost, and $101.80 for a doctor visit.

Hawaii was No. 1 and  Alaska No. 2 for the second straight year. Rounding out the top five were Connecticut, New York and New Jersey. The least expensive state is Oklahoma, according to the report.