Buzz
Many individuals continue to face difficulties in finding employment, and in certain areas, the job market is notably worse. Money Rates has compiled its annual list of the states where earning a living is most challenging. Although it may be disheartening, it's still an insightful resource. On a brighter note, the list also highlights the best states to earn a living.
Money Rates conducted their analysis by evaluating each state's "Compensation and Quality Factor." This metric includes the following:
Average income
Living expenses
Job availability
Work environment
After reviewing the data from all states, here are the ten states where they found it most difficult to earn a living:
Hawaii
New York
Mississippi
Rhode Island
Connecticut
Alaska
Alabama
Arkansas
New Jersey
South Carolina
The site suggests that if you're struggling to find employment in any of these states, it might be worth broadening your job search to other regions of the country, if feasible. They also present a list of the best states for earning a living:
Washington
Texas
Minnesota
Colorado
Utah
North Dakota
Virginia
Nevada
Oklahoma
Nebraska
Of course, relocating to another state is a significant choice, and it may not be an option for everyone. However, if you're feeling frustrated with your job search or contemplating a move, these lists could serve as a useful guide.
Visit the full post for additional details on each state.
Image courtesy of Kevin Hutchinson.
