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In 16 states, the average resident is paying more than the average American to cover basic costs. See whether your state is one of them. Eloi_Omella / Getty Images/iStockphoto
Hawaii. Annual Living Wage: ... Idaho is another state that comes in under the national average for its cost of living, but it has a median income of $55,785. ... Pennsylvania has housing costs ...
Depending on the cost of living in your state, your salary might not be enough to live comfortably. ... Hawaii. Living Wage: $148,683. Hawaii is the most expensive state in the country, mostly due ...
In other words, an income of $0.84 in Mississippi equals an income of $1.19 in Hawaii with the U.S as a whole having an average PCPI of $1.00. To put it another way, the purchasing power of a dollar is $1.18 in Mississippi and $0.84 in Hawaii.
This is a list of U.S. states, territories, and Washington, D.C. by income.Data is given according to the 2023 American Community Survey (ACS) 1-Year Estimates, except for the American Samoa, Guam, the Northern Mariana Islands and the U.S. Virgin Islands, for which the data comes from 2010, as ACS does not operate in these areas.
The Bureau of Economic Analysis has calculated that the regional price parity in 2019 of the 50 largest MSAs ranges from 88.3 in Birmingham, Alabama (which has the lowest cost of living of the 50 most populous MSAs) to 126.7 in San Jose, California (the highest cost of living of the 50 most populous MSAs). An income of $0.88 in Birmingham ...
Hawaii takes the No. 50 spot on the list as the most expensive state, where the median wage is just not cutting it for the cost of living comfortably. This gap is a whopping -$48,084. Vishwanath ...
Average wage in the United States was $69,392 in 2020. [1] Median income per person in the U.S. was $42,800 in 2019. [2] The average is higher than the median because there are a small number of individuals with very high earnings, and a large number of individuals with relatively low earnings. (See Income inequality in the United States.)