Sunday, November 29, 2020
Hawai'i Free Press

Current Articles | Archives

Sunday, October 5, 2014
After Taxes, Housing, and Utilities, Hawaii Residents Fifth Poorest in USA
By Selected News Articles @ 5:24 PM :: 5360 Views :: Hawaii Statistics, Office of Elections

Which States' Residents Have the Most Cash to Spend?

From Motley Fool,  October 05, 2014 (excerpts)

...This year for the first time, the Bureau of Economic Analysis released cost of living data for each state . Data on personal income and average taxes paid, meanwhile, has been available for a long time. Everyone knows these three metrics vary greatly by state. But what happens when you combine the three?

When you take into account the large differences in cost of living, disposable income varies nowhere near as much as you might think at first glance....

The Bureau of Economic Analysis defines "disposable personal income" as total personal income minus personal current taxes. Basically, it's the amount of income people have left over after paying taxes. You can see per-capita disposable income by state below. Note that the data is from 2012, because that is the most recent data that the Bureau of Economic Analysis provides for regional price parity.

Though it's not a state, D.C. ranks No. 1 by per-capita disposable income at $65,770. The state with the highest per-capita disposable income is Connecticut, at $50,534, followed by North Dakota, at $49,273. Massachusetts ($48,160), New Jersey ($48,108), and Maryland ($47,222) round out the top five. This only tells one side of the story -- the income side.

On the cost side, cost of living varies greatly by state with the Northeast, as well as both coasts, generally having a higher cost of living. I've shown before that most of the difference is due to the cost of housing , as people want to live on the coasts and near other people. If you take into consideration the different costs of living, some states move higher when ranked by disposable incomes, while others drop. The moves can be significant.

The "real" value of average disposable income

If you account for the differences in cost of living, you get a much different picture from the one above. Again, the data is current as of 2012.

Of the original top five, the biggest drop came from New Jersey, which fell from No. 4 in nominal per-capita disposable income to No. 11 in real per-capita disposable income, at $42,163. The $5,945 drop was matched only by New York and Hawaii, which each dropped comparable amounts. While Hawaii is one of the happiest states in the U.S. , it is in the bottom five as ranked by real per-capita disposable income....

(Hawaii disposable income = $34,683 rank 47th of 51.  Only NM, AZ, ID, and UT are poorer.)

read ... Which States' Residents Have the Most Cash to Spend?



TEXT "follow HawaiiFreePress" to 40404

Register to Vote


808 Silent Majority

ACA Signups Hawaii


Alliance Defending Freedom

Aloha Pregnancy Care Center

American Council of Trustees and Alumni


Antonio Gramsci Reading List

A Place for Women in Waipio

Astronomy Hawaii

Ballotpedia Hawaii

Better Hawaii

Blaisdell Memorial Project

Broken Trust

Build More Hawaiian Homes Working Group

Christian Homeschoolers of Hawaii

Cliff Slater's Second Opinion

Coffee Break

DVids Hawaii

E Hana Kakou Kelii Akina


Fix Oahu!

Follow the Money Hawaii

Frank in Hawaii

Front Page Magazine

Frontline: The Fixers

Genetic Literacy Project

Grassroot Institute

Hawaii Aquarium Fish Report

Hawaii Aviation Preservation Society

Hawaii Catholic TV

Hawaii Christian Coalition

Hawaii Cigar Association

Hawaii Coalition Against Legalized Gambling

Hawaii ConCon Info

Hawaii Credit Union Watch

Hawaii Crop Improvement Association

Hawaii Debt Clock

Hawaii Defense Foundation

Hawaii Family Advocates

Hawaii Family Forum

Hawaii Farmers and Ranchers United

Hawaii Farmer's Daughter

Hawaii Federalist Society

Hawaii Federation of Republican Women

Hawaii Future Project

Hawaii Gathering of Eagles

Hawaii History Blog

Hawaii Homeschool Association

Hawaii Jihadi Trial

Hawaii March for Life

Hawaii's Partnership for Appropriate & Compassionate Care

Hawaii Public Charter School Network

Hawaii Rifle Association

Hawaii Shippers Council

Hawaii Smokers Alliance

Hawaii State Data Lab

Hawaii Together

Heritage Foundation



Hiram Fong Papers

Homeschool Legal Defense Hawaii

Honolulu Navy League

Honolulu Traffic

House Minority Blog

I Vote Hawaii

If Hawaii News

Imua TMT

Inouye-Kwock, NYT 1992

Inside the Nature Conservancy

Inverse Condemnation

Investigative Project on Terrorism

Iowa Meets Maui

Jackson v Abercrombie

Jihad Watch

July 4 in Hawaii

Kahle v New Hope

Kakaako Cares

Kau TEA Party

Kauai Co GOP

Keep Hawaii's Heroes


Land and Power in Hawaii

Legislative Committee Analysis Tool

Lessons in Firearm Education

Lingle Years

Malulani Foundation

Managed Care Matters -- Hawaii

Malama Pregnancy Center of Maui

Mauna Kea Recreational Users Group

Middle East Forum--The Legal Project

Mililani Conservatives for Change

Military Home Educators' Network Oahu

Missile Defense Advocacy

MIS Veterans Hawaii

Muslim Brotherhood in America

NAMI Hawaii


National Christian Foundation Hawaii

National Parents Org Hawaii

National Wind Watch

New Hawaiian

New Zeal

NFIB Hawaii News

No GMO Means No Aloha

Northwest Economic Policy Seminar

Not Dead Yet, Hawaii

Now What I Really Think

NRA-ILA Hawaii

Oahu Alternative Transport

ObamaCare Abortion Hawaii


OHA Lies

Opt Out Today

Pacific Aviation Museum

Patients Rights Council Hawaii

PEACE Hawaii

People vs Machine

Pritchett Cartoons

Pro-GMO Hawaii


Rental by Owner Awareness Assn

Republican Party -- Hawaii State

Research Institute for Hawaii USA

Rick Hamada Show

RJ Rummel

Robotics Organizing Committee

Save Dillingham Airfield

School Choice in Hawaii

Sink the Jones Act

Statehood for Guam

Tax Foundation of Hawaii

The Real Hanabusa

Time Out Honolulu

Trustee Akina KWO Columns

UCC Truths

US Tax Foundation Hawaii Info

VAREP Honolulu

West Maui Taxpayers Association

What Natalie Thinks

Whole Life Hawaii