If you want to live in a place where you get paid top-dollar, you may want to consider moving to Utah, where residents enjoy America’s highest median annual income when taking into account cost of living, according to
WalletHub.
The financial website’s
2018 Best & Worst States for Jobs rankings analyzed how the 50 U.S. states measure up. It looked at each state’s job-market strength, opportunity and economic environment across 29 key metrics, including employment growth, median annual income and average commute time. Based on these findings, each state received a score out of 100.
These numbers “are for median household income, adjusted for cost of living,” a spokesperson notes, so they are not “just the raw numbers from Census.”
Utah came in at No. 4 on the overall list of Best Places to Find a Job, but Utah’s median annual income of $65,327, which is above the
2016 national average of $59,039, put it at No. 1 for the state where workers get the highest yearly salaries.
“Utah currently is a place of growth and change. New people are continuing to come. Economic prosperity is expanding. We’re not in a boom, but our growth seems to be sustainable,” University of Utah Kem C. Gardner Policy Institute director Pam Perlich told the
Salt Lake Tribune when the latest census was published in 2017.
Median annual income: $59,552
Total score: 62.41/100
Jobs market rank: 15
Economic environment rank: 9
Fun fact: New Hampshire also ranks No. 1 for most job opportunities.
Skylift riders going into the sunset at the Iowa State Fair in Des Moines, IA.
9. Iowa
Median annual income: $59,770
Total score: 56.06/100
Jobs market rank: 21
Economic environment rank: 23
Fun fact: Job growth in Iowa looks good for STEM fields.
Austin, Texas
8. Texas
Median annual income: $60,008
Total score: 59.96/100
Jobs market rank: 25
Economic environment rank: 6
Fun fact: People starting a new job in Texas enjoy the nation’s highest starting salaries.
A view of Jersey City skyline from an early morning run.
7. New Jersey
Median annual income: $60,461
Total score: 59.14/100
Jobs market rank: 31
Economic environment rank: 4
Fun fact: Many residents make about
$20,000 over the living wage.
The Illinois State Capitol
6. Illinois
Median annual income: $60,901
Total score: 51.81/100
Jobs market rank: 40
Economic environment rank: 20
Fun fact: Those who start a new job in Illinois get the fourth-highest starting salaries.
Young couple enjoying the sunset and each others’ company at Sloan’s Lake in Denver, Colorado.
5. Colorado
Median annual income: $61,114
Total score: 70.04/100
Jobs market rank: 1
Economic environment rank: 19
Fun fact: Colorado ranks No. 2 in most job opportunities, No. 4 in highest job growth and No. 5 in highest starting salaries.
University of Wyoming Arts & Sciences Auditorium in Laramie, Wyoming.
4. Wyoming
Median annual income: $61,865
Total score: 47.06/100
Jobs market rank: 49
Economic environment rank: 2
Fun fact: People who work in Wyoming have the fourth-shortest average commute, clocking in at only 18 minutes.
Minnesota State Fair Midway Farris Wheel and game stands at dusk. Located in St. Paul, Minnesota.
Colorado River near Moab, Utah and Arches National Park
1. Utah
Median annual income: $65,327
Total score: 64/100
Jobs market rank: 2
Economic environment rank: 21
Fun fact: People in Utah spend the least amount of time working and are among the most satisfied with their jobs, according to the data.
Whether you’re considering moving to a new state with your family, partner or by yourself, it’s smart to use a resource like Economic Policy Institute’s
recently updated family budget calculator to determine if you’ll have enough money to get by. Here’s
how much it costs a single person to live in the 15 largest US cities.
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