MReport July 2018

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TH E M R EP O RT | 53 O R I G I NAT I O N S E R V I C I N G DATA G O V E R N M E N T S E C O N DA R Y M A R K E T DATA AROUND THE U.S. Making it Work A new study ranked all 50 states based on where it is easiest—and hardest, to make a living. A n annual survey by created a state-by- state ranking based on the ability its residents have to make a living, as influenced by five factors: cost of living, median income, tax burden, unemployment rate, and work-related injuries and illnesses. The personal finance site did this by examining data from the U.S. Bureau of Labor Statistics, the Tax Foundation, and the Council for Community and Economic Research, which was then processed through a's formula to get a uniform number for each indicator. The median wage in each state was adjusted for cost of living and state taxes. That number, in turn, was adjusted again to factor in the chances of being unemployed and suffering a workplace-related injury or illness in each state. The result was an adjusted compensation figure for each state that was used to determine the rankings. Source:, "Best and worst states to make a living in 2018" 1 Washington 2 Colorado 3 Texas 4 Minnesota 5 Ohio 6 Michigan 7 North Dakota 8 Illinois 9 Missouri 10 Virginia 11 Wisconsin 12 Iowa 13 Arizona 14 Kansas 15 Nebraska 16 Wyoming 17 Georgia 18 Delaware 19 Indiana 20 Utah 21 Connecticut 22 Pennsylvania 23 Oklahoma 24 North Carolina 25 Tennessee 26 New Jersey 27 Massachusetts 28 New Hampshire 29 Idaho 30 Alabama 31 Kentucky 32 Florida 33 Arkansas 34 New Mexico 35 Louisiana 36 Mississippi 37 Maryland 38 Nevada 39 Rhode Island 40 Alaska 41 New York 42 South Dakota 43 Vermont 44 Maine 45 Montana 46 West Virginia 47 South Carolina 48 California 49 Oregon 50 Hawaii RANK STATE RANK STATE RANK STATE

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