Where people live can impact their career prospects. But how much of a difference can crossing state lines really make in terms of economic conditions? To help, MoneyRates.com conducts an annual study ranking the best states to make a living, based on a formula that factors in the cost of living, median wages, state taxes, unemployment rates, and workplace safety.
Wyoming Washington Texas Minnesota Michigan Missouri Illinois Ohio North Dakota
High wages alone aren’t necessarily enough make a state a top place to make a living. For example,
Overall, seven states have no income taxes, and two others have income taxes that apply only to interest and dividends and not wages. On the flip side, a single taxpayer in
“People tend to assume their current career prospects are typical of those in the entire country, but this often isn’t the case because conditions for making a living can differ so dramatically from state to state,” explains
The study also highlights that neighboring states can have sharply different wage conditions.
For more insight on the report’s findings and its methodology, visit Moneyrates.com: https://www.money-rates.com/research-center/best-states-to-make-a-living/
MoneyRates.com is owned and operated by
Since 1998, MoneyRates.com has served as a personal finance resource designed to help readers make the most of their money. In addition to a variety of financial calculators, MoneyRates.com researches and tracks CD, savings, and money market rates offered from over 400 financial institutions across the country to offer expert advice on banking, investing and retirement planning.
Rick Judge, 415-429-5652 QuinStreet@libertycomms.com