Yahoo Web Search

Search results

  1. Jan 17, 2024 · Explore the 2023 state-by-state cost of living analysis. Discover how expenses vary across the United States and find insights to manage your finances better.

    • Robin Rothstein
  2. Median household income: $60,214; Regional price parity out of 100: 96.2; Real income: $62,593; This story has been updated to clarify that household income figures for each state are median household income, and to correct an error in the map graphic and North Dakota's median household income.

  3. People also ask

  4. Mar 25, 2021 · The chart below uses RPP to show income distributions for each state, unadjusted and adjusted. For example, New York has a relatively high median income, but when you adjust for cost of living, its rank goes down significantly. In contrast, South Dakota ranks in the middle for income, but then rises with adjustment.

  5. Apr 4, 2024 · Cost of living in each state data can vary depending on what factors are analyzed (e.g., housing) and who conducts the study. For our cost of living comparison by state, we used the following critical information: Annual mean wage for all occupations ( BLS) Average monthly rent ( Forbes) Value of $100 ( GoBankingRates)

  6. Nationwide, the median household income is $67,521 a year, while personal income for individuals is $35,805. The living wage for the United States is $68,808 annually for a family of four. States with the Lowest Cost of Living Index. Mississippi. Cost of Living Index: 83.3. Groceries: 92.2. Housing: 66.3. Utilities: 90.4. Transportation: 86.7.

  7. However, for those considering relocating to take advantage of higher salaries, the cost of living must be considered, as high incomes in an area tend to translate to higher prices. States with the Highest Median Household Income. Maryland's median household income is $94,384, making it the highest in the nation.

  8. Mar 2, 2022 · Figure 1. Correlation Between Median Income and Relative Price Parity by State, 2020..... 6 Tables Table 1. Bureau of Economic Analysis Regional Price Parities ..... 2 Contacts

  1. People also search for