Are you ready to get the heck outta Dodge? Perhaps times are tough in your neck of the woods and you can barely eke out a living, let alone a career where you are now. Chances are your state falls squarely on the 10 Worst States for Making a Living list.
Well, I'm happy to report that you've got a great option open to you. Move on Down to Virginia!
Money-Rates.com recently issued a list of the Top 10 States for Making a Living and Virginia ranked #4.
The list was compiled by looking at four factors involved in making a living:
- Average state wages
- State unemployment rate
- State tax rate
- State cost of living
Based on all these factors, MoneyRates.com calculated an adjusted-average income for each state - the average income adjusted for your chances of finding a job, how much you would lose to state taxes, and how much purchasing power that income would have based on the cost of living in that state.
According to the MoneyRates rankings, the adjusted-average income for Virginia worked out to $41,120.49, helped by high average wages and a relatively low unemployment rate. This is also a good state for your checking accounts, savings accounts, or money market accounts, with four of the best banks identified by MoneyRates.com operating in Virginia.
Illinois topped the list with an adjusted average income of $41,986.51, a mere $876 higher than Virginia's. Compare Virginia's adjusted average income with Hawaii which had the lowest adjusted-average income of all 50 states at $22,107.96.
START SEARCHING FOR VIRGINIA HOMES HERE
Pretty soon, you'll be saying "Virginia, Here I Come!"