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Income By State: Household Earnings

INCOME BY STATE HOUSEHOLD EARNINGS Best Commuter City: Buffalo, New York Over half of residents spend less than 20 minutes commuting each day. mint.com Highest Minimum Wage: Washington $8.55 Least Expensive Real Estate: Indianapolis, Indiana Median home price: $112,500 Highest Cost of Living: New York, New York Cost of living is 119% above the national average. Highest Income Metro Area: Bridgeport-Norwalk, Connecticut Per capita personal income: $80,192 Most Expensive Rent: San Jose, California Median rent: $1,314 Least Expensive Rent: Pittsburgh, Pennsylvania Median rent: S608 Lowest Cost of Living: Joplin, Missouri Cost of living is 18% below the national average. Most Expensive Real Estate: Los Angeles, California Median home price: $589,900 Lowest Income Metro Area: McAllen-Edinburg-Mission, Texas Per capita personal income: $18,320 Highest Transportation Expense: Houston, Texas Houstonians spend 20.9% of their expense budget on transportation costs and bear 63 hours in traffic delays annually. Sources ACCRA Cost of Living Index U.S. Census Bureau American Community Survey Forbes.com Most Affordable US. Real Estate Markets, Most and Least Expensive Cities for Renters, Best and Worst Cities for Commuters US. Department of Commerce: Bureau of Economic Analysis Personal Income for Metropolitan Areas 5-39 40-44 45-49 50-54 55-59 60+ MEDIAN HOUSEHOLD INCOME IN THOUSANDS

Income By State: Household Earnings

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Many of us have been tempted by the idea of relocating to a different city or even state -- new beginnings, better life, right? Before you do however, you’ll need to carefully weigh the balance betw...

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Ross Crooks

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Economy
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