Russ Steele
Richard Barrington writing at Money-Rates lists California as #4 on his list of the 10 worst states for making a living.
Trying to get ahead financially but just not making headway? Maybe it's not what you're doing, but where you live that's holding you back.
While the economy is generally in bad shape, some states have been particularly hard hit. If you're considering relocating, you want to make sure you don't simply trade one bad set of employment conditions for another. Also, what about other factors that will affect your standard of living, such as income levels, cost of living, and state tax rates?
MoneyRates.com has done a comprehensive analysis that takes into account the following factors that affect your ability to make a living:
• Average state wages
• State unemployment rate
• State tax rate
• State cost of living
Based on these factors, MoneyRates.com calculated an adjusted-average income for each state and ranked states against each other.
California comes in at #4.
This state's fiscal woes are well-known, and high taxes, high unemployment, and a high cost of living drag its adjusted-average income down to $29,772.40.
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Here are rest of the worst ten states for making a living.
Who made the top ten you ask? Yes Texas is on the list at #3.
- Illinois
- Washington
- Texas
- Virginia
- Delaware
- Massachusetts
- Georgia
- Tennessee
- Colorado
- Minnesota
Detail on why these states are on the Top Ten List here. While your are reading the winners profiles, compare them to California's high taxes, high unemployment and high cost of living. The real question is how do we fix these issues and eacape this 10 worst list. Any ideas?
H/T to a regular reader for sending this infroamtion.
