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Old 04-14-2011, 11:56 PM
 
1,119 posts, read 2,742,903 times
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Are you living in one of these best/worst states? What's your opinion about this report published by MoneyRates?

"..Based on that analysis, where are the best and worst places to make a living?

The best, according to MoneyRates, is ...

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

Where are the worst states to make a living?

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

___

"

best-worst-states-make-living-moneywatch: Personal Finance News from Yahoo! Finance
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Old 05-06-2011, 01:52 AM
Status: "From 31 to 41 Countries Visited: )" (set 9 days ago)
 
4,640 posts, read 13,920,579 times
Reputation: 4052
Wow, I am surprised nobody else commented on this thread. I thought there would be many more posts for this thread.
That list you showed me from Moneyrates does show some great factors for what generally makes a state being a better place to make a living/career than other states. However, I think there are still some other factors involved.

Out of the 10 states they have in the top 10 for making a living/career, I agree with 6 of them(Illinois, Texas, Massachusetts, Washington, Colorado, Minnesota)

Out of the 10 states they have in the bottom 10 for making a living/career I agree with 4 of them(West Virginia, Mississippi, Montana, South Carolina)

For the top 10, I would replace 4 of them(Delaware, Tennessee, Virginia and Georgia) and put in New York, California, Pennsylvania, and North Carolina in the top 10 instead.

For the bottom I would replace 6 of them(California, Maine, Hawaii, Vermont, Rhode Island, and Oregon) and put in Nevada, Kentucky, Arkansas, Ohio, Alabama, and Louisiana for the bottom 10 instead.
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Old 05-06-2011, 05:45 AM
 
Location: Lafayette, La
2,057 posts, read 5,326,525 times
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wages are low in Louisiana but the cost of living is extremely low as well.
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Old 05-06-2011, 07:15 AM
 
Location: Rock Springs WY
400 posts, read 949,701 times
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I'm a bit suprised they didn't factor in current ability to find a job in these areas. Some of them on the best list have high unemployment numbers and nothing on the horizon ??
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Old 05-06-2011, 07:43 AM
 
Location: Lafayette, Louisiana
299 posts, read 641,845 times
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Quote:
For the bottom I would replace 6 of them(California, Maine, Hawaii, Vermont, Rhode Island, and Oregon) and put in Nevada, Kentucky, Arkansas, Ohio, Alabama, and Louisiana for the bottom 10 instead.
I definitely agree with Arkansas being at the bottom. Very low cost of living and even lower wages. But Louisiana while it may have a low COL, is not doing so poorly thanks to the Natural Gas, Oil, and petrochemical industries. Although Politics could change that at any given time.
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Old 05-06-2011, 08:42 AM
 
42,732 posts, read 29,878,374 times
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Quote:
Originally Posted by The Analog Man View Post
I definitely agree with Arkansas being at the bottom. Very low cost of living and even lower wages. But Louisiana while it may have a low COL, is not doing so poorly thanks to the Natural Gas, Oil, and petrochemical industries. Although Politics could change that at any given time.
Arkansas is doing poorly?

It's employment statistics are better than most of the country.

The state's budget isn't in trouble.
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Old 05-06-2011, 09:01 AM
 
16,345 posts, read 18,063,833 times
Reputation: 7879
Quote:
Originally Posted by View Post
Wow, I am surprised nobody else commented on this thread. I thought there would be many more posts for this thread.
That list you showed me from Moneyrates does show some great factors for what generally makes a state being a better place to make a living/career than other states. However, I think there are still some other factors involved.

Out of the 10 states they have in the top 10 for making a living/career, I agree with 6 of them(Illinois, Texas, Massachusetts, Washington, Colorado, Minnesota)

Out of the 10 states they have in the bottom 10 for making a living/career I agree with 4 of them(West Virginia, Mississippi, Montana, South Carolina)

For the top 10, I would replace 4 of them(Delaware, Tennessee, Virginia and Georgia) and put in New York, California, Pennsylvania, and North Carolina in the top 10 instead.

For the bottom I would replace 6 of them(California, Maine, Hawaii, Vermont, Rhode Island, and Oregon) and put in Nevada, Kentucky, Arkansas, Ohio, Alabama, and Louisiana for the bottom 10 instead.
Why would you put Ohio near the bottom? COL is relatively low, wages are nowhere near the bottom, unemployment in the 3-Cs is lower than the national average, etc.
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Old 05-06-2011, 10:01 AM
205
 
518 posts, read 448,865 times
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Quote:
Originally Posted by jbcmh81 View Post
Why would you put Ohio near the bottom? COL is relatively low, wages are nowhere near the bottom, unemployment in the 3-Cs is lower than the national average, etc.

Because his liberal pride was hurt by seeing a study that dared to place trashy Southern states (in his mind) and a swing state Ohio above holy meccas of leftie goodness California, Vermont, etc. If you haven't learned by now, the South must always be put at the bottom of all lists by default. I'm not sure why he decided to throw Ohio under the bus too. Notice how Georgia and Tennessee don't dare belong in the top 10 while other Southern states not in the bottom 10 are put there in place of California, Vermont, Hawaii, etc. It's almost comical how this board tows the stereotypical line even in the face of a study based on objective data.
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Old 05-06-2011, 03:49 PM
 
Location: You Ta Zhou
866 posts, read 1,560,484 times
Reputation: 401
Very interesting, thanks for sharing!
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Old 05-06-2011, 03:54 PM
 
Location: USA
3,072 posts, read 8,023,882 times
Reputation: 2499
Quote:
Originally Posted by The Analog Man View Post
I definitely agree with Arkansas being at the bottom. Very low cost of living and even lower wages. But Louisiana while it may have a low COL, is not doing so poorly thanks to the Natural Gas, Oil, and petrochemical industries. Although Politics could change that at any given time.
Thank you. People overlook that about Louisiana and think we all sit on the porch collecting government checks. There are plenty of JOBS here. All a person needs is to get up off his lazy ***.
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