10 Best and Worst States to make a living in. - Club Lexus Forums


10 Best and Worst States to make a living in.

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Old 04-13-11, 03:53 PM   #1
bad co
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Default 10 Best and Worst States to make a living in.

http://finance.yahoo.com/career-work...rklife_balance

1. Illinois: The adjusted average income is $41,987, thanks to reasonably high average wages, relatively low state income taxes and a reasonable cost of living.
2. Washington (state): The cost of living is higher than average, but so is the average wage and the state imposes no income tax. Adjusted average income: $41,456.
3. Texas: Also benefits from no state income tax. Adjusted average income: $41,427
4. Virginia: $41,120
5. Delaware: $39,105
6. Massachusetts: $38,665
7. Georgia: $38,228
8. Tennessee: $38,038
9. Colorado: $38,020
10. Minnesota: $37,721

1. Hawaii: $22,108
2. Maine: $29,159
3. Montana: $29,496
4. California: $29,772
5. Vermont: $29,986
6. Oregon: $30,343
7. Rhode Island: $30,612
8. Mississippi: $30,953
9. West Virginia: 31,357
10. South Carolina: $31,636

I don't see how IL made the list, especially with Cook County(Chicago) taxes. I would have imagined TX of GA would be on the list because they have been doing relatively well even with the recession. IL Corporate tax is huge too Caterpillar threatened to relocate (take 29k jobs from the state) because its really hurting them. I hope Boeing of McD's doesn't try the same thing.
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Old 04-13-11, 03:57 PM   #2
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This still has a lot to do with what kind of work you are in. These numbers dont mean much unless you are blue collar I would assume
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Old 04-13-11, 04:04 PM   #3
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VA, my home state (and #4) is actually misleading a little. The mostly rural (and much lower-income) south and west is vastly different from the D.C. suburbs in the north (where I live), which have a lot of Federal and high-tech money, and the Norfolk area, which benefits from a huge military presence. VA taxes are also generally low (though they vary quite a bit by location), and the state is extremely well-run, with consistant budget-surplusses.

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Old 04-13-11, 04:42 PM   #4
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Originally Posted by bad co View Post
Mod's please move this, I meant to post it in the Club House.
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Wonder if cost of living is taken into account?
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Old 04-13-11, 05:34 PM   #5
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Sweeping generalizations by state have very limited usefulness, as others have pointed out with just a few examples. Sadly being a poor slop in any state isn't pleasant.
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Old 04-13-11, 07:14 PM   #6
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I wish my income was as high as any of these state's numbers. I'd be excited to make $41,000 a year. Then I could buy more car mods.
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Old 04-13-11, 08:10 PM   #7
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Originally Posted by IS-SV View Post
Sweeping generalizations by state have very limited usefulness, as others have pointed out with just a few examples. Sadly being a poor slop in any state isn't pleasant.
Being poor in CA, though, may not be as bad as some other states. True, prices and taxes in CA can get out of hand, but, though I don't know them all in detail, I understand that CA has a lot of state-run entitlement programs.....if the coffer, of course, doesn't run out.
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Old 04-14-11, 07:48 AM   #8
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Originally Posted by Kira X View Post
I wish my income was as high as any of these state's numbers. I'd be excited to make $41,000 a year. Then I could buy more car mods.
I wish the equation was that simple....more income = more mods

The only mod I have is 2 L stickers on the doors and I make way more than this state avg.
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Old 04-14-11, 07:52 AM   #9
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CoL isnt probably taken into account. 40k will go a lot further in some states than others.
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Old 04-14-11, 07:57 AM   #10
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I would just move to New Hampshire no sales tax and supposedly no state income tax or maybe in Texas.

Live Free or Die

Plus the states I like the most or visit frequently seem to be on the list of the worst to make a living: Hawaii, Maine and Vermont. Not sure where New York on the list though, probably in the middle somewhere. Don't get me wrong I like California and all, but I only visit San Francisco or the surrounding areas, I don't go south to L.A or San Diego anymore.

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Old 04-14-11, 08:00 AM   #11
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Quote:
Originally Posted by mmarshall View Post
VA, my home state (and #4) is actually misleading a little. The mostly rural (and much lower-income) south and west is vastly different from the D.C. suburbs in the north (where I live), which have a lot of Federal and high-tech money, and the Norfolk area, which benefits from a huge military presence. VA taxes are also generally low (though they vary quite a bit by location), and the state is extremely well-run, with consistant budget-surplusses.

Agreed. Virginia is actually 2 different states...

"Virginia" - Go pick tobacco, live in a rural environment, and buy a 4BR house on 2 acres for $125,000.

"Northern Virginia" - Work for...or work for a company that supports...the Federal Government. But a 2BR condo in a bad neighborhood for $220,000.
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Old 04-14-11, 08:08 AM   #12
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Well some of those supposedly good states have little chance of high paying jobs too .... I suppose that this average takes into account a large portion of blue collar jobs.
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Old 04-14-11, 08:21 AM   #13
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Florida is actually lowering their taxes. They have a new governor, Rick Scott. Hes lowering the business tax to almost zero in a few years. Another good state to consider. Good weather, except the hurricanes
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Old 04-14-11, 08:50 AM   #14
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Quote:
Originally Posted by mmarshall View Post
Being poor in CA, though, may not be as bad as some other states. True, prices and taxes in CA can get out of hand, but, though I don't know them all in detail, I understand that CA has a lot of state-run entitlement programs.....if the coffer, of course, doesn't run out.
I don't think CA has more entitlement programs, just more visiting takers!
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Old 04-14-11, 09:14 AM   #15
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Quote:
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I don't think CA has more entitlement programs, just more visiting takers!
Good point.
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