Worst States to Make a Living 2015
by Richard Barrington, MoneyRates.com, June 23, 2015
...Making a living involves overcoming a series of challenges. First you have to get a job, and then you have to strive year after year to improve your income. You need to deal with the toll that taxes and the cost of living take on that paycheck. On top of that, the workplace itself may pose a physical challenge in the form of a stressful or hazardous environment.
It's never easy, but making a living is much harder in some places than in others.
Here are the Top 10 worst states for making a living:
- Hawaii. The islands of Hawaii may be a terrific place to spend a vacation, but they are a difficult place to try to make a living. Hawaii ranks as the worst of all states for making a living. Why? Cost of living is the main issue. Hawaii has the highest cost of living of any state. One of the biggest reasons why cost of living is so great in the state is higher than average housing expenses. According to Zillow, the median home value of a house in Hawaii is $537,300, which could price some buyers out of the market. Additionally, salaries in the state do not compensate for its high cost of living - the average wage in Hawaii is about typical for the rest of the nation. Hawaii has one of the highest income tax rates of any state. Adjusted for taxes and the cost of living, workers in Hawaii get the equivalent value of just 55 cents for every dollar they make....
read ... The Best and Worst States to Make a Living 2015