Americans who live in these states are the worst at saving money. They tend to spend their savings, which means they have less wealth and more debt. Americans who save manage to accumulate a total of 3 trillion dollars over the past 15 years.
The “best cities to save money” is a question that has been asked many times. The answer is different for each person, but the top 5 are the following: New York, San Francisco, Boston, Chicago and Washington D.C.
Saving money is at the heart of almost all financial advice. Savings may aid customers in avoiding debt, earning passive income, and working toward financial objectives such as home ownership, not to mention having emergency money on hand.
However, most Americans do not have much money saved for different reasons, and the COVID-19 epidemic has likely made matters worse for some. In October 2020, 42% of customers had an emergency fund of less than $5,000. High housing expenses or low and stagnant salaries are two of the causes for minimal or nonexistent savings, both of which may alter if a person relocated to another state.
Researchers at MagnifyMoney used data from the US Census Bureau and the US Bureau of Labor Statistics (BLS) to develop a score system that ranks the top states for saving money based on seven criteria:
- Ratios of down payment to income
- The cost of housing as a proportion of income
- Adults under the age of 45 are more likely to own a home.
- Job increase from month to month
- Job increase on a year-over-year basis
- Wage increases
- Unemployment rates in each state
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Methodology
Researchers at MagnifyMoney studied data on seven parameters to determine the top states for saving money.
- Ratio of down payment to income This is calculated by dividing 20% of the median house value (the normal down payment amount) by median yearly wages. The number of years of income required for a down payment is shown below. The data comes from the 2019 American Community Survey, which is a one-year survey conducted by the United States Census Bureau.
- The cost of housing as a proportion of income. This is the ratio of median housing expenses to median incomes. The data comes from the 2019 American Community Survey, which is a one-year survey conducted by the United States Census Bureau.
- The percentage of residents under 45 years old who own a home. This statistic depicts the proportion of persons under the age of 45 who own a house. The data comes from the 2019 American Community Survey, which is a one-year survey conducted by the United States Census Bureau.
- Job increase from month to month. This graph depicts recent employment growth during a one-month period from April to May 2021. The Bureau of Labor Statistics in the United States provided the data.
- Job increase on a year-over-year basis. This graph depicts employment growth from May 2020 to May 2021, one year after the coronavirus epidemic started. The Bureau of Labor Statistics in the United States provided the data.
- Wage increases over a year. The data comes from the 1-year American Community Surveys conducted by the United States Census Bureau in 2018 and 2019.
- The percentage of people that are unemployed. This is for the month of May 2021. The Bureau of Labor Statistics in the United States provided the data.
Analysts then rated each state in each category and calculated the average rating for each state. Researchers assigned a final score to each state based on this average rating. The state with the highest average rating earned a score of 100, while the state with the lowest received a score of 0.
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Factors Affecting Your Savings
Many individuals may be inspired by the expansion of remote work to relocate to a cheaper or more attractive place, but MagnifyMoney senior director of content Ismat Mangla advises them to consider all of the considerations.
“Will your employer alter your pay based on your location?” Mangla inquires. “Will there be other chances for you in your new region if you had to quit this job?” Just make sure you make such a choice with a clear mind and that you evaluate all of the possibilities.”
Consumers who are unable to save or relocate to a more reasonable place will have to be ruthless with their finances, according to Mangla. She recommends the following strategies for increasing your savings:
- Reduce the amount of money you spend on things you don’t need. Examine your monthly expenditures to see if there are any recurrent costs that you can eliminate. ATM costs may seem little at first, but they may pile up over time if you move to a bank with lower fees.
- Make the most of the additional room. If you’re having trouble saving because your rent or mortgage payment is too high, try renting a room or finding a roommate. Sharing a bathroom may seem inconvenient, but it may be worth it if it allows you to save money for a larger place.
- Seek guidance from an expert. It’s difficult to stay on top of your budget and make the best financial decisions for your objectives on your own, particularly if you’re not a professional. Consider enlisting the services of a financial counselor to assist you with those critical financial choices.
Make frequent contributions in a high-yield savings account, regardless of your position, to ensure that your funds are continually increasing. Even a few dollars a week may add up over time, allowing you to develop a financial safety net and work toward your objectives.
The states are listed in order of best to worst savers.
Deposit Photos provided the image.
Vermont is number 51.
- Score on the index: 100
- Ratio of down payment to income: 28
- The cost of housing as a percentage of income is 36.
- The percentage of people under 45 who own a home is 12 percent.
- From April to May 2021, there was a 4 percent increase in job creation.
- Job growth from May 2020 to May 2021 is 12 percent.
- 3 percent increase in wages
- 2 % unemployment rate
DenisTangneyJr., DenisTangneyJr., DenisTangneyJr., Denis
Minnesota is number 50.
- 92.02 on the index
- Ratio of down payment to income: 27
- The cost of housing as a percentage of income is 25.
- Homeownership rate (for those under 45): 1
- From April to May 2021, there was a 9 percent increase in job creation.
- From May 2020 to May 2021, there will be a 16 percent increase in job creation.
- Wage increase of 20%
- 12% unemployment rate
JoeChristensen is the photographer behind this image.
Kentucky is number 49.
- 88.96 on the index
- Ratio of down payment to income: 9
- The cost of housing as a percentage of income is 5%.
- 20 percent of those under 45 own a home.
- From April to May 2021, there was a 14 percent increase in job creation.
- 11 percent job increase from May 2020 to May 2021
- Wage growth: 37 percent
- 19% unemployment rate
Thomas Kelley is the photographer behind this image.
Missouri is number 48 on the list.
- 88.96 on the index
- Ratio of down payment to income: 12
- The cost of housing as a percentage of income is 9 percent.
- 18% of people under the age of 45 own a home.
- From April to May 2021, there will be a 20 percent increase in job creation.
- From May 2020 to May 2021, there will be a 32 percent increase in job creation.
- Wage increase of 7%
- 17% unemployment rate
eyecrave is the source of this image.
47. Iowa
- 86.5 on the index
- Ratio of down payment to income: 4
- As a percentage of income, housing expenditures are 6 percent.
- Homeownership rate (for those under 45): 5%
- From April to May 2021, there was a 26 percent increase in job creation.
- From May 2020 to May 2021, there will be a 38 percent increase in job creation.
- 30 percent increase in wages
- Unemployment is at 10%.
JoeChristensen is the photographer behind this image.
Indiana is number 46.
- 82.82 on the index
- Ratio of down payment to income: 7
- The cost of housing as a percentage of income is 12 percent.
- Homeownership rate (for those under 45): 10%
- From April to May 2021, there was a 26 percent increase in job creation.
- 18% job increase from May 2020 to May 2021
- 40 percent increase in wages
- 12% unemployment rate
f11photo is the photographer responsible for this image.
Wisconsin is number 45.
- 80.98 on the index
- Ratio of down payment to income: 15
- The cost of housing as a percentage of income is 15 percent.
- 15 percent of those under 45 own a home.
- From April to May 2021, there was a 26 percent increase in job creation.
- From May 2020 to May 2021, there will be a 20 percent increase in job creation.
- Wage increase of 2%7 percent
- Unemployment is at 10%.
FierceAbin is the author of this image.
44. Maine
- 79.75 on the index
- Ratio of down payment to income: 22
- The cost of housing as a percentage of income is 20.
- Homeownership rate (for those under 45): 4
- From April to May 2021, there was a 37 percent increase in job creation.
- 15 percent job increase from May 2020 to May 2021
- Wage increase of 10%
- Unemployment rate is 22 percent.
DepositPhotos.com is the source of this image.
Nebraska is number 43.
- 76.69 on the index
- Ratio of down payment to income: ten
- The cost of housing as a percentage of income is 16 percent.
- 13 percent of those under 45 own a home.
- From April to May 2021, there was a 37 percent increase in job creation.
- From May 2020 to May 2021, there will be a 42 percent increase in job creation.
- 15 percent increase in wages
- 2 % unemployment rate
Marekuliasz is the author of this image.
New Hampshire is number 42.
- 74.85 is the index score.
- Ratio of down payment to income: 31
- The cost of housing as a percentage of income is 40.
- 9 percent of those under 45 own a home.
- From April to May 2021, there was a 34 percent increase in job creation.
- From May 2020 to May 2021, there will be a 5 percent increase in job creation.
- Wage increase of 18%
- 1 % unemployment rate
DenisTangneyJr., DenisTangneyJr., DenisTangneyJr., Denis
Michigan is number 41.
- 74.23 is the index score.
- Ratio of down payment to income: 13
- The cost of housing as a percentage of income is 22.
- The percentage of people under 45 who own a home is 6 percent.
- From April to May 2021, there was a 37 percent increase in job creation.
- From May 2020 to May 2021, job growth is expected to be 2 percent.
- Wage growth: 34 percent
- Unemployment is at 25%.
haveseen is the source of this image.
Kansas (#40)
- 73.62 on the index
- Ratio of down payment to income: 8
- The cost of housing as a percentage of income is 14 percent.
- Homeownership rate among those under 45 years old: 24 percent.
- From April to May 2021, there was a 37 percent increase in job creation.
- From May 2020 to May 2021, there will be a 48 percent increase in job creation.
- 1 increase in wages
- Unemployment is at 8%.
Michael Pham is the author of this image.
South Carolina is number 39.
- 73.62 on the index
- Ratio of down payment to income: 19
- The cost of housing as a percentage of income is 23.
- 14 percent of those under 45 own a home.
- From April to May 2021, there will be a 20 percent increase in job creation.
- From May 2020 to May 2021, there will be a 24 percent increase in job creation.
- 19% increase in wages
- The unemployment rate is 21 percent.
SeanPavonePhoto contributed to this image.
Pennsylvania is number 38.
- 71.78 is the index score.
- Ratio of down payment to income: 14
- The cost of housing as a percentage of income is 19%.
- 16 percent of those under 45 own a home.
- From April to May 2021, there was a 14 percent increase in job creation.
- 10 percent job increase from May 2020 to May 2021
- Wage growth: 29 percent
- Unemployment is at 41 percent.
AppalachianViews is the source of this image.
West Virginia is number 37.
- 69.33 is the index score.
- Ratio of down payment to income: 1
- As a percentage of income, housing expenditures are: 1
- Homeownership rate (for those under 45): 8%
- From April to May 2021, there was a 48 percent increase in job creation.
- From May 2020 to May 2021, there will be a 21 percent increase in employment.
- Wage growth: 38 percent
- The unemployment rate is 30 percent.
DepositPhotos.com is the source of this image.
Oklahoma is number 36.
- 64.42 is the index score.
- Ratio of down payment to income: 6
- Costs of housing as a percentage of income: 8%
- The percentage of people under 45 who own a home is 31 percent.
- From April to May 2021, there was a 26 percent increase in job creation.
- From May 2020 to May 2021, there will be a 49 percent increase in job creation.
- Wage growth: 23 percent
- 12% unemployment rate
DepositPhotos.com is the source of this image.
Alabama (#35)
- 62.58 is the index score.
- Ratio of down payment to income: 11
- Costs of housing as a percentage of income: 7%
- The percentage of people under 45 who own a home is 22 percent.
- From April to May 2021, there was a 26 percent increase in job creation.
- From May 2020 to May 2021, there will be a 41 percent increase in job creation.
- Wage increase of 4%4 percent
- Unemployment is at 7%.
James Deitsch contributed to this image.
Maryland is number 34.
- 61.35 is the index score.
- Ratio of down payment to income: 36
- The cost of housing as a percentage of income is 39.
- The percentage of people under 45 who own a home is 17 percent.
- From April to May 2021, there was a 9 percent increase in job creation.
- 14 percent job increase from May 2020 to May 2021
- Wage growth: 11 percent
- Unemployment is at 34 percent.
James Lane is the author of this image.
Arkansas is number 33.
- 58.28 is the index score.
- Ratio of down payment to income: 3
- Costs of housing as a percentage of income: 3
- 34 percent of those under 45 own a home.
- From April to May 2021, there was a 14 percent increase in job creation.
- From May 2020 to May 2021, there will be a 44 percent increase in job creation.
- Wage growth: 49 percent
- 18% unemployment rate
Rdlamkin is the author of this image.
South Dakota is number 32 on the list.
- 56.44 on the index
- Ratio of down payment to income: 20
- The cost of housing as a percentage of income is 13 percent.
- The percentage of people under 45 who own a home is 11 percent.
- From April to May 2021, there was a 48 percent increase in job creation.
- From May 2020 to May 2021, there will be a 32 percent increase in job creation.
- Wage growth: 39 percent
- The unemployment rate is 5%.
RiverNorthPhotography is responsible for this image.
31. Ohio
- 55.83 on the index
- Ratio of down payment to income: 5
- The cost of housing as a percentage of income is ten percent.
- Homeownership rate (for those under 45): 28
- From April to May 2021, there was a 45 percent increase in job creation.
- From May 2020 to May 2021, there will be a 24 percent increase in job creation.
- Wage growth: 32 percent
- Unemployment is at 25%.
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Mississippi is number 30.
- 53.99 on the index
- Ratio of down payment to income: 2
- Costs of housing as a percentage of income: 4
- The percentage of people under 45 who own a home is 26 percent.
- From April to May 2021, there was a 26 percent increase in job creation.
- From May 2020 to May 2021, there will be a 29 percent increase in job creation.
- Wage increase of 5%1 percent
- Unemployment is at 34 percent.
SeanPavonePhoto/istockphoto/SeanPavonePhoto/istockphoto/SeanPavonePhoto/istock
Georgia is number 29.
- 51.53 on the index
- Ratio of down payment to income: 23
- The cost of housing as a percentage of income is 30.
- 40 percent of those under 45 own a home.
- From April to May 2021, there will be a 20 percent increase in job creation.
- From May 2020 to May 2021, there will be a 35 percent increase in job creation.
- Wage growth: 12 percent
- 16% unemployment rate
SeanPavonePhoto contributed to this image.
Delaware is number 28.
- Score on the index: 49.69
- Ratio of down payment to income: 33
- The cost of housing as a percentage of income is 31.
- 19% of people under the age of 45 own a home.
- From April to May 2021, there was a 45 percent increase in job creation.
- 13 percent job increase from May 2020 to May 2021
- Wage increase of 6%
- The unemployment rate is 32 percent.
mdgmorris is the author of this image.
Tennessee is number 27.
- Score on the index: 49.69
- Ratio of down payment to income: 25
- The cost of housing as a percentage of income is 21.
- 32 percent of those under 45 own a home.
- From April to May 2021, there will be a 20 percent increase in job creation.
- From May 2020 to May 2021, there will be a 21 percent increase in employment.
- 35 percent increase in wages
- Unemployment is at 25%.
Swarmcatcher is the author of this image.
Massachusetts is number 26.
- 44.17 on the index
- Ratio of down payment to income: 44
- The cost of housing as a percentage of income is 44.
- Homeownership rate among those under 45 years old: 44 percent.
- From April to May 2021, there was a 14 percent increase in job creation.
- From May 2020 to May 2021, there will be a 4 percent increase in job creation.
- Wage growth: 4
- Unemployment is at 34 percent.
Rolf 52 is the author of this image.
Wyoming is number 25.
- 44.17 on the index
- Ratio of down payment to income: 30
- The cost of housing as a percentage of income is 17 percent.
- Homeownership rate (for those under 45): 2
- From April to May 2021, there was a 51 percent increase in job creation.
- From May 2020 to May 2021, there will be a 50 percent increase in job creation.
- Wage growth: 9 percent
- The unemployment rate is 29 percent.
AnujSahaiPhotography contributed to this image.
24. Idaho
- 43.56 on the index
- Ratio of down payment to income: 42
- The cost of housing as a percentage of income is 29.
- 7 percent of those under 45 own a home.
- From April to May 2021, there was a 44 percent increase in job creation.
- From May 2020 to May 2021, there will be a 16 percent increase in job creation.
- Wage growth: 45 percent
- Unemployment is at 6%.
knowlesgallery is the source of this image.
North Carolina is number 23 on the list.
- 42.94 is the index score.
- Ratio of down payment to income: 24
- The cost of housing as a percentage of income is 27.
- 36 percent of those under 45 own a home.
- From April to May 2021, there was a 34 percent increase in job creation.
- From May 2020 to May 2021, there will be a 21 percent increase in employment.
- Wage growth of 25 percent
- Unemployment is at 23 percent.
DepositPhotos.com is the source of this image.
22. Utah
- 42.94 is the index score.
- Ratio of down payment to income: 47
- The cost of housing as a percentage of income is 49.
- 33% of those under 45 own a home.
- From April to May 2021, there was a 26 percent increase in job creation.
- From May 2020 to May 2021, there will be a 28 percent increase in job creation.
- Wage growth: 33 percent
- 4 % unemployment rate
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New Mexico is number twenty-one.
- 41.1 on the index
- Ratio of down payment to income: 26
- The cost of housing as a percentage of income is 18%.
- 30 percent of those under 45 own a home.
- From April to May 2021, there was a 1 percent increase in job creation.
- From May 2020 to May 2021, there will be a 47 percent increase in job creation.
- Wage growth: 21 percent
- 50 percent unemployment rate
Davel5957 is the author of this image.
Illinois is number 20.
- 39.26 on the index
- Ratio of down payment to income: 16
- The cost of housing as a percentage of income is 28.
- The percentage of people under 45 who own a home is 23 percent.
- From April to May 2021, there was a 37 percent increase in job creation.
- From May 2020 to May 2021, there will be a 34 percent increase in job creation.
- Wage growth of 16 percent
- Unemployment is at 42 percent.
Image courtesy of ibsky.
North Dakota is number 19 on the list.
- 38.04 on the index
- Ratio of down payment to income: 18
- The cost of housing as a percentage of income is 2
- The percentage of people under 45 who own a home is 37 percent.
- From April to May 2021, there was a 34 percent increase in job creation.
- From May 2020 to May 2021, there will be a 45 percent increase in job creation.
- Wage growth: 50 percent
- 12% unemployment rate
sequential5 is the source of this image.
Montana is number 18 on the list.
- 37.42 on the index
- Ratio of down payment to income: 40
- The cost of housing as a percentage of income is 24.
- Homeownership rate (for those under 45): 25%
- From April to May 2021, there was a 37 percent increase in job creation.
- From May 2020 to May 2021, there will be a 38 percent increase in job creation.
- Wage growth: 26 percent
- The unemployment rate is 9 percent.
YinYang is the creator of this image.
Colorado is number seventeen.
- 34.97 is the index score.
- Ratio of down payment to income: 46
- The cost of housing as a percentage of income is 45.
- The percentage of people under 45 who own a home is 29 percent.
- From April to May 2021, there was a 4 percent increase in job creation.
- From May 2020 to May 2021, there will be a 29 percent increase in job creation.
- Wage growth: 13 percent
- Unemployment is at 37 percent.
Jacob Boomsma / istockphoto contributed to this image.
16. Texas
- 34.97 is the index score.
- Ratio of down payment to income: 21
- The cost of housing as a percentage of income is 32.
- 43 percent of those under 45 own a home.
- From April to May 2021, there was a 14 percent increase in job creation.
- From May 2020 to May 2021, there will be a 38 percent increase in job creation.
- Wage increases by 17 percent.
- Unemployment is at 38 percent.
DenisTangneyJr., DenisTangneyJr., DenisTangneyJr., Denis
Nevada is number 15 on the list.
- 33.74 is the index score.
- Ratio of down payment to income: 43
- The cost of housing as a percentage of income is 41.
- 47 percent of those under 45 own a home.
- From April to May 2021, there was a 2 percent increase in job creation.
- From May 2020 to May 2021, job growth is expected to be 1 percent.
- Wage growth: 24 percent
- The unemployment rate is 47 percent.
AlizadaStudios provided the image.
New Jersey is number fourteen.
- 30.67 is the index score.
- Ratio of down payment to income: 38
- The cost of housing as a percentage of income is 48.
- The percentage of people under 45 who own a home is 38 percent.
- From April to May 2021, there was a 14 percent increase in job creation.
- From May 2020 to May 2021, there will be a 6 percent increase in job creation.
- Wage growth: 22 percent
- Unemployment is 44 percent.
aimintang is the creator of this image.
Rhode Island is number thirteen.
- 30.06 on the index
- Ratio of down payment to income: 35
- The cost of housing as a percentage of income is 35.
- 39 percent of those under 45 own a home.
- From April to May 2021, there was a 26 percent increase in job creation.
- From May 2020 to May 2021, there will be a 3 percent increase in job creation.
- Wage growth: 42 percent
- The unemployment rate is 31 percent.
danlogan is the author of this image.
Hawaii is number twelve.
- 28.83 is the index score.
- Ratio of down payment to income: 51
- The cost of housing as a percentage of income is 50.
- Homeownership rate (for those under 45): 48
- From April to May 2021, there was a 3 percent increase in job creation.
- 8 percent job increase from May 2020 to May 2021
- Wage growth: 2
- The unemployment rate is 51 percent.
Art Wager is responsible for this image.
Connecticut is number eleven.
- 27.61 is the index score.
- Ratio of down payment to income: 29
- The cost of housing as a percentage of income is 42.
- 35 percent of those under 45 own a home.
- From April to May 2021, there was a 7 percent increase in job creation.
- 9 percent job increase from May 2020 to May 2021
- Wage growth: 47 percent
- The unemployment rate is 46 percent.
traveler1116 is the photographer behind this image.
Arizona is ranked number ten.
- 26.99 on the index
- Ratio of down payment to income: 37
- The cost of housing as a percentage of income is 33.
- 41 percent of those under 45 own a home.
- From April to May 2021, there was a 9 percent increase in job creation.
- From May 2020 to May 2021, there will be a 43 percent increase in job creation.
- Wage growth: 14 percent
- Unemployment is at 39 percent.
wanderluster is the source of this image.
9. The state of Louisiana
- 21.47 is the index score.
- Ratio of down payment to income: 17
- The cost of housing as a percentage of income is 11 percent.
- The percentage of people under 45 who own a home is 21 percent.
- From April to May 2021, there was a 45 percent increase in job creation.
- From May 2020 to May 2021, there will be a 46 percent increase in job creation.
- Wage growth: 43 percent
- Unemployment is at 42 percent.
DenisTangneyJr., DenisTangneyJr., DenisTangneyJr., Denis
8. Oregon
- 20.25 on the index
- Ratio of down payment to income: 48
- The cost of housing as a percentage of income is 46.
- 45 percent of those under 45 own a home.
- From April to May 2021, there was a 9 percent increase in job creation.
- 19% job increase from May 2020 to May 2021
- Wage growth: 28 percent
- The unemployment rate is 32 percent.
HaizhanZheng is the author of this image.
California is number seven.
- 16.56 on the index
- Ratio of down payment to income: 50
- The cost of housing as a percentage of income is 51.
- 50 percent of those under 45 own a home.
- From April to May 2021, there was a 4 percent increase in job creation.
- From May 2020 to May 2021, there will be a 24 percent increase in job creation.
- Wage growth: 5
- The unemployment rate is 49 percent.
mlauffen is the author of this image.
Washington, D.C.
- 16.56 on the index
- Ratio of down payment to income: 45
- The cost of housing as a percentage of income is 43.
- 42 percent of those under 45 own a home.
- From April to May 2021, there will be a 20 percent increase in job creation.
- From May 2020 to May 2021, there will be a 24 percent increase in job creation.
- Wage growth: 31 percent
- The unemployment rate is 28 percent.
4nadia is the author of this image.
Virginia is number five.
- 15.95 on the index
- Ratio of down payment to income: 34
- The cost of housing as a percentage of income is 34.
- 33 percent of those under 45 own a home.
- From April to May 2021, there was a 37 percent increase in job creation.
- From May 2020 to May 2021, there will be a 36 percent increase in job creation.
- Wage growth: 41 percent
- 19% unemployment rate
DenisTangneyJr., DenisTangneyJr., DenisTangneyJr., Denis
Washington, D.C. is number four on the list.
- 13.5 on the index
- Ratio of down payment to income: 49
- The cost of housing as a percentage of income is 26.
- 51 percent of those under 45 own a home.
- From April to May 2021, there was a 9 percent increase in job creation.
- From May 2020 to May 2021, there will be a 51 percent increase in job creation.
- Wage increase of 8%
- Unemployment is 44 percent.
dkfielding contributed this image.
3. New York City
- 13.5 on the index
- Ratio of down payment to income: 41
- The cost of housing as a percentage of income is 38.
- Homeownership rate among those under 45 years old: 49 percent.
- From April to May 2021, there will be a 20 percent increase in job creation.
- 7 percent job increase from May 2020 to May 2021
- Wage growth: 36 percent
- The unemployment rate is 47 percent.
Eloi Omella is the creator of this image.
2. The state of Florida
- 9.2 on the index
- Ratio of down payment to income: 39
- The cost of housing as a percentage of income is 47.
- 46 percent of those under 45 own a home.
- From April to May 2021, there was a 7 percent increase in job creation.
- From May 2020 to May 2021, there will be a 36 percent increase in job creation.
- Wage growth: 46 percent
- The unemployment rate is 24 percent.
Elisa.rolle is the photographer behind this image.
1. Alaska
- 0 for the index score
- Ratio of down payment to income: 32
- The cost of housing as a percentage of income is 37.
- The percentage of people under 45 who own a home is 27 percent.
- From April to May 2021, there was a 48 percent increase in job creation.
- From May 2020 to May 2021, there will be a 29 percent increase in job creation.
- Wage growth: 48 percent
- Unemployment is at 39 percent.
This post was syndicated by MediaFeed.org and first published on MagnifyMoney.com.
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