Based on strong scores for its wages, taxes and work environment,
Despite slightly below-average unemployment and cost of living scores,
At 157 percent of the national average,
"It's a tough economy, but people in some areas have it much tougher than others," says Barrington. "It's important that people in states that are really struggling know there are better job opportunities elsewhere."
Barrington adds that given the slow-moving nature of most metrics used in the study, workers who have struggled with poor working conditions lately may want to look elsewhere rather than waiting for conditions in their state to improve.
"None of these things – cost of living, unemployment, average wages – tends to turn around in a hurry," says Barrington. "Workers in areas that have chronic problems need to realize that their best chance for change might be to consider relocating."
Here are the 10 best U.S. states for making a living in 2014, according to MoneyRates.com:
Here are the 10 worst U.S. states for making a living in 2014, according to MoneyRates.com:
For more details on this study, please see the MoneyRates.com articles on the Best States to Make a Living, Worst States to Make a Living and the full 50-state list for 2014.
The rankings for the Best and Worst States to Make a Living are based on each state's Compensation and Quality Factor, a proprietary metric by MoneyRates.com that is based on these factors:
• Average salary, according to figures from the
• Cost of living, based on data from C2ER.
• Employment rate, based on BLS data.
• Workplace conditions, based on the "Work Environment" component of the Gallup-Healthways Well-Being Index.
MoneyRates.com has been a leading source of information on bank rates, personal finance, savings accounts and investing since 1999. The site seeks to provide the highest rates on CDs, money market accounts and high-yield savings accounts. MoneyRates.com is owned and operated by
Read the full story at http://www.prweb.com/releases/2014/06/prweb11924235.htm
Most Popular Stories
- New Hershey's Logo Revealed
- Mexico's Pemex Forecasts 6.7% Drop in 2014 Crude Production
- California Passes First US Statewide Bag Ban
- Obama's Delay on Immigration Creates Uncertainty
- Obama on Labor Day: Don't Take Rights for Granted
- Buyer's Remorse on Common Core for Policymakers?
- Echeveste Steps Down, Perez Steps Up at VPE
- Clippers Deal Started With 2 Numbers
- American Airlines Back on Obitz
- Startups Offer Smartphone Banking Apps