Hawaii named worst state to make a living (again) - Hawaii News Now - KGMB and KHNL

Hawaii named worst state to make a living (again)

(Image: Hawaii News Now/File) (Image: Hawaii News Now/File)
(Image: Money-Rates.com) (Image: Money-Rates.com)
HONOLULU (HawaiiNewsNow) -

Hawaii might be the best place in the nation to live, but it’s not the best place to make a living.

In fact, the state ranked dead-last in a new Money-Rates.com analysis, which looked at salaries, cost of living, tax burden and other factors in all 50 states.

It’s the sixth year in a row that Money-Rates.com has named Hawaii the worst state to make a living.

Hawaii fared poorly this year because of its high cost of living – 68.6 percent above the national norm – and high tax burden.

Wyoming was named the best state to make a living. The median income is $38,280, and that goes far because of the state’s low cost of living and lack of state income tax.

Washington state and Virginia rounded out the top three.

So how do the best state and the worst state compare, when it comes to how far a dollar buys? In Hawaii, the analysis pointed out, the median home value is three times higher than in Wyoming.

Oregon ranked the second-worst state to make a living, while Maine came in at no. 3.

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