Best States for Income
The U.S.Bureau of Economic Analysis (BEA) released its rankings of personal income by state for 2009.
Personal income throughout the U.S. was down 1.7% in 2009. 44 states had declining incomes in 2009. 6 states saw an increase.
The Best State for Income Growth in 2009 was West Virginia with an increase 2.1%. Despite this growth West Virginia has the 44th lowest income in the U.S. at $32,219. It did improve from a 49th ranking in 2008.
The Worst State For Income Growth was Nevada with a decrease of 4.8%. Nevada with an income of $38,578 was ranked 20th in the U.S in personal income.
The Best State for Income in 2009 was Connecticut . It had the highest state income at $54,397. Additional Top States for Income were New Jersey, Massachusetts, Maryland and New York .
The Worst State for Income was Mississippi . At $30,013, it has the lowest state income. Utah, Idaho, South Carolina and Kentucky were also Worst States for Income in 2009.
Income is only one factor in determining a Best State to Live. Cost of Living , quality of education and job openings and availability should also be considered.
Personal income throughout the U.S. was down 1.7% in 2009. 44 states had declining incomes in 2009. 6 states saw an increase.
The Best State for Income Growth in 2009 was West Virginia with an increase 2.1%. Despite this growth West Virginia has the 44th lowest income in the U.S. at $32,219. It did improve from a 49th ranking in 2008.
The Worst State For Income Growth was Nevada with a decrease of 4.8%. Nevada with an income of $38,578 was ranked 20th in the U.S in personal income.
The Best State for Income in 2009 was Connecticut . It had the highest state income at $54,397. Additional Top States for Income were New Jersey, Massachusetts, Maryland and New York .
The Worst State for Income was Mississippi . At $30,013, it has the lowest state income. Utah, Idaho, South Carolina and Kentucky were also Worst States for Income in 2009.
Income is only one factor in determining a Best State to Live. Cost of Living , quality of education and job openings and availability should also be considered.
State Ranking of Income 2009
The ranking of states by income follows:
Posted by Ed Kopko at 5/4/2010 1:23 AM 
Categories: Kentucky, South Carolina, Idaho, Mississippi, New Jersey, Utah, Maryland, Nevada, Massachusetts, West Virginia, New York, Lifestyle, Connecticut
Tags: Best States for Education Best and Worst States to Work Worst States for Income Best States for Income State Ranking of Income
Categories: Kentucky, South Carolina, Idaho, Mississippi, New Jersey, Utah, Maryland, Nevada, Massachusetts, West Virginia, New York, Lifestyle, Connecticut
Tags: Best States for Education Best and Worst States to Work Worst States for Income Best States for Income State Ranking of Income
You didn't adjust for cost of living. You need to divide the median household incomes by a decimalized index value from an index like ACCRA. A household making 80,000 in Kansas is a lot wealthier than one earning $80,000 in New York.
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