Average incomes across states reflect regional differences in jobs, education, taxes and costs
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Average incomes vary widely between states, reflecting differences in regional economies, dominant industries, and cost of living. States like California, New York and Massachusetts have the highest average salaries.
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Higher educational attainment typically correlates with higher salaries. States with more college graduates tend to have higher average incomes.
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Occupation has a major impact on salaries. Tech and finance jobs pay much higher in top states for those industries like California and New York.
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While some states have very high average incomes, they also come with a higher cost of living that impacts disposable income.
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Nine states have no income tax, which can provide significant savings, especially for higher earners. But other taxes and living costs may offset some benefits.