Is Where You Live Making You Poor?

is where you live making you poor man

Fun Fact Friday: Median Household Income By State

Deciding where to hang your hat can hinge on a number of different factors – weather, environment, cost of living, job and income opportunities – the majority of people are considering some list of criterion when choosing a location to call home.

Major metropolitan areas generally have more job opportunities available than more rural settings, but the traffic, pollution, and fast-paced lifestyle might be too much for some.

Living near the ocean might resonate for many people while others prefer the mountains. Some enjoy the desert heat of Arizona and others would rather endure a much cooler, northern climate.

A major factor for almost anyone in deciding where to live is, of course, money. We’d all love to live somewhere where salaries are high and cost of living is low, effectively making you more wealthy.  If you make $50,000 in Iowa, let’s say, then you might be living quite comfortably. However, making that amount and attempting to live in San Francisco or Manhattan would likely prove to be nearly impossible.

Below is a table showing the median household income for each state:

 

Location Median Annual Household Income
United States $53,657
Alabama $42,278
Alaska $67,629
Arizona $49,254
Arkansas $44,922
California $60,487
Colorado $60,940
Connecticut $70,161
Delaware $57,522
District of Columbia $68,277
Florida $46,140
Georgia $49,555
Hawaii $71,223
Idaho $53,438
Illinois $54,916
Indiana $48,060
Iowa $57,810
Kansas $53,444
Kentucky $42,786
Louisiana $42,406
Maine $51,710
Maryland $76,165
Massachusetts $63,151
Michigan $52,005
Minnesota $67,244
Mississippi $35,521
Missouri $56,630
Montana $51,102
Nebraska $56,870
Nevada $49,875
New Hampshire $73,397
New Jersey $65,243
New Mexico $46,686
New York $54,310
North Carolina $46,784
North Dakota $60,730
Ohio $49,644
Oklahoma $47,199
Oregon $58,875
Pennsylvania $55,173
Rhode Island $58,633
South Carolina $44,929
South Dakota $53,053
Tennessee $43,716
Texas $53,875
Utah $63,383
Vermont $60,708
Virginia $66,155
Washington $59,068
West Virginia $39,552
Wisconsin $58,080
Wyoming $55,690

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Susan Sly is a best selling author, work life balance expert, speaker and entrepreneur. She has appeared on CNN, CNBC, Fox, Lifetime Television and the CBN. Susan is the mother of five children and resides in Scottsdale, Arizona.

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