What is the best state to live in financially?
Mississippi has the lowest cost of living in the United States. With a cost of living index of 83.3, expenses are nearly 17% less than the national average. Mississippi's housing costs are the lowest in the nation. The price of a median, single-family home is $140,818.
- Florida. ...
- Pennsylvania. ...
- Minnesota. GDP Per Capita (2022): $68,010. ...
- Virginia. GDP Per Capita (2022): $68,211. ...
- Illinois. GDP Per Capita (2022): $68,822. ...
- Maryland. GDP Per Capita (2022): $70,730. ...
- Colorado. GDP Per Capita (2022): $74,167. ...
- Washington. GDP Per Capita (2022): $75,698.
Mississippi has the lowest cost of living in the United States. With a cost of living index of 83.3, expenses are nearly 17% less than the national average. Mississippi's housing costs are the lowest in the nation. The price of a median, single-family home is $140,818.
In 2019, Wyoming was ranked as the best state to make a living in the United States, with the cost of living index at 90.5 value and the median income of 40,240 U.S. dollars.
Researchers at the personal finance publication ranked the 50 states based on scores in five categories: affordability, economy, education and health, quality of life, and safety. Massachusetts topped 2023's list, scoring 61 out of 100. New Jersey came in second.
GDP per capita also varied widely throughout the United States in 2022, with New York ($105,226), Massachusetts ($99,274), and North Dakota ($96,461) recording the three highest GDP per capita figures in the U.S., while Mississippi ($47,572), Arkansas ($54,644), and West Virginia ($54,870) recorded the three lowest GDP ...
- Utah.
- Washington.
- Idaho.
- Nebraska.
- Minnesota.
Hawaii. The island state wins the prize for highest cost-of-living index, outranking any other state on the list by at least 31 points. Hawaii is truly a paradise, but it is also the most expensive state in America to live in. The annual cost of living is $59,468 higher than the average amount around the nation.
South Dakota is among the states with the highest minimum wage and low cost of living, with housing and utilities costing an estimated 15% less than the national average in the US. The minimum wage in the state is set to increase 40 cents from January 1, 2024.
Mississippi is the state with the lowest cost of living in the US, with a cost of living index of 85. This means that the cost of living in Mississippi is 15% lower than the national average.
What state is best for millionaires?
- Colorado. ...
- New York. ...
- Washington. ...
- Alaska. Millionaires to Total HH: 8.18% ...
- Virginia. Millionaires to Total HH: 8.31% ...
- New Hampshire. Millionaires to Total HH: 8.47% ...
- 7. California. Millionaires to Total HH: 8.51% ...
- District of Columbia. Millionaires to Total HH: 9.12%
- Idaho: 72.7% ...
- Iowa: 70.5% ...
- New Mexico: 69% ...
- Indiana: 68.2% ...
- Wyoming: 68.1% ...
- Nebraska: 67.6% Median salary: $21.20 per hour.
- Kentucky: 67.1% Median salary: $19.32 per hour.
- West Virginia: 66.9% Median salary: $18.16 per hour.
WalletHub released a 2023 report listing the safest states in the US. States were ranked based on 52 safety indicators, including work safety and emergency preparedness. Vermont scored the highest, followed by Maine.
- #1. Utah.
- #2. Washington.
- #3. Idaho.
- #4. Nebraska.
- #5. Minnesota.
- Green Bay.
- Huntsville.
- Raleigh & Durham.
- Boulder.
- Sarasota.
- Naples.
- Portland.
The top five safest states, according to the study, are Vermont, Maine, New Hampshire, Utah and Massachusetts. In compiling the rankings, WalletHub compared five key dimensions: Personal and Residential Safety, Financial Safety, Road Safety, Workplace Safety and Emergency Preparedness.
1 Minnesota
There is a term that is reserved for Minnesota only. It is "Minnesota Nice." As such, it is no wonder that those in the Twin Cities have been voted the friendliest state in the country, given that terminology.
The richest states in the US are New York, Massachusetts, Washington, California, North Dakota, Connecticut, Delaware, Alaska, Nebraska, and Illinois. The richest state in America is New York, with a GDP per capita of $96,502.
- Idaho. #1 in GDP Growth. #3 in Best States Overall. ...
- Utah. #2 in GDP Growth. #1 in Best States Overall. ...
- Tennessee. #3 in GDP Growth. #24 in Best States Overall. ...
- Florida. #4 in GDP Growth. #10 in Best States Overall. ...
- Arizona. #5 in GDP Growth. ...
- Washington. #6 in GDP Growth. ...
- North Carolina. #7 in GDP Growth. ...
- Maine. #8 in GDP Growth.
The most moved-to states in 2023 were South Carolina, North Carolina, Tennessee, Arizona and Florida. Among the top inbound states in the Moving Migration Report, some cities saw a higher influx of new residents than others. The top cities in 2023 include: Tucson, Arizona.
Where are people moving to in 2024?
Maine. With more jobs than ever before and a population growth continues to outpace the national average, it's no surprise Maine is one of the top states people are relocating to 2024.
| Rank | State | Overall Opportunity Score % |
|---|---|---|
| 1 | Minnesota | 63.100 |
| 2 | Vermont | 63.000 |
| 3 | Iowa | 62.600 |
| 4 | Massachusetts | 60.900 |
| Cost of living: | 127.8% above U.S. average |
|---|---|
| Borough population: | 1,596,273 |
| Median household income: | $95,866 |
| Median home value: | $1,006,100 |
| Unemployment rate: | 4.3% |
- Hawaii is the most expensive state to live in based on the monthly cost of living. ...
- The state of California comes in at second-most expensive based on monthly costs of living. ...
- New Jersey ranks as the third-most expensive state by cost of living. ...
- Massachusetts is the fourth-most expensive state to live in.
What are the 10 most expensive states to retire to? According to the Composite Cost of Living Index, the 10 most expensive states to live in (and retire to) are: Hawaii, Massachusetts, California, New York, Alaska, Washington, New Hampshire, Vermont, Maryland, and Oregon.
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