Minnesota third-best state to make a living, study says

Categories: Lists
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Monroe Family Blog
The Land of 10,000 Lakes is a welcoming place to make a living.
Minnesota is third only to first-place Washington and second-place Texas in Money-rates.com's 2014 list of the best states to make a living.

The list accounts for each state's average salary, cost of living, unemployment rate, and workplace satisfaction, then uses that data to rank the 10 best and worst.

See also:
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Asked about Minnesota's impressive ranking, the study's author, Richard Barrington, senior financial analyst for Money-Rates.com, tells us, "One of the first things I spot right off the bat is that the average wage is higher than the national average [about $3,000 higher in terms of salary, to be specific], and yet the cost of living is right about at the national average."

"This is in contrast with a lot of states in the northeast where you see very flashy-looking wages but you look at cost of living and it might be 20-30 percent higher than the rest of the nation," Barrington continues. "Higher wages can be a bit of an illusion because the cost of living is so much higher."

Minnesota also fared well in terms of unemployment and workplace satisfaction, meaning the Land of 10,000 Lakes had good showings in all categories.

"A very important factor is low unemployment, and Minnesota was at 4.7 percent, which is a little less than a point lower than the typical state, Barrington says. "And the other factor was a Gallup-Healthways survey of workplace conditions and Minnesota came out in the top 10 in terms of how people feel about where the work."

Barrington's writeup of the study for Money-Rates.com notes that Minnesota "does have a higher-than-average cost of living and tax burden, but incomes in the state are more than enough to make up for these disadvantages."

In 2013, Minnesota finished sixth. Asked to explain Minnesota's rise up the ranking, Barrington says, "The clearest sign I can see as to why Minnesota improved in this year's ranking is that the average wage in the state grew faster than in the average state."

"For Minnesota, the average wage grew by 2.6 percent, while the average of all states increased by just 1.4 percent," he continues.

To see the full top 10 lists of best and worst states to make a living, along with one factor that helps explain the ranking, click to page two.



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67 comments
Julie Esget Kiel
Julie Esget Kiel

we are such a progressive state and we love our good living!

Ray Baltera
Ray Baltera

You're holding a weed plant in one of your profile pictures....nothing you say holds any weight. We have better bud up here anyway, enjoy that desert schwag.

Alex Jones
Alex Jones

Already did took my ass back to Dallas TEXAS best state ever bitch

Jarrett Allen
Jarrett Allen

im just saying! you asked for reasons to stay and im giving you them :)

Jody Reeves
Jody Reeves

We should be 1 st cus we are the best. ♥:-D

Jennifer Jackson
Jennifer Jackson

Hmmm. The study is biased - based on factors that are kinda dumb IMO. If you use your mind and work hard, you can earn a great living. Plain and simple. These stupid studies are pointless. Any idiot can make a study and show so called "evidence".

Roxygreeneyes Todd
Roxygreeneyes Todd

Love Minnesota good jobs beautiful baby GONNA stay here rest of my life

ben42dover
ben42dover

Libs just love to cherry pick info - they do it all the time - to get the answers they want to write about. Big government, big taxes, huge amount of welfare recipients and illegals, bigge$t 0bamadebaclecare/medicaid covering the fewest amount of people, and a major city with less than 50% of students graduating (lower those standards!). Umm hmmm, Figures don't lie, but liars figure.
 

Shaun Mason
Shaun Mason

I'm sure all these "quality of life" lists & rankings are being used to jack up our cost of living. Weakening dollar + that crap = a recipe for disaster.

Kris Holiday
Kris Holiday

Pay attention for crying out loud. Our state economy is doing really well. We have a budget surplus and we don't strip rights away from people because of religion. MN leads by example.

Teresa Kingsley
Teresa Kingsley

I'm wintering down south baby. Got it plotted... 65 Im out.

Alex Jones
Alex Jones

How about fuck Minnesota seriously I'll stay in texas, fuck some snow man

digitalprotocol
digitalprotocol topcommenter

what is the best state to live in though?  prob some westcoast superstate

3D Greens of Minnesota
3D Greens of Minnesota

yeah, like lower property taxes and higher income taxes for the 1%...and a balanced budget....and job growth...just horrible.

Michelle Ashton
Michelle Ashton

Come to jersey taxes n cost. Of living is so much more higher 80grand a year is low

Kelly Linder
Kelly Linder

We moved to upstate NY to try and start a small business. 2 years later we are moving back. People all over NY state suck!

Ange Runnels
Ange Runnels

If the amount of people I know who are unemployed or underemployed is an indication, it's like being the third prettiest turd in the pile.

digitalprotocol
digitalprotocol topcommenter

way too crowded here in mpls. go back to the farm you hicks

ben42dover
ben42dover

What's jacking up your cost of living are all the gimmies moving to the state for the free health care and "quality of life." Somebody must pay for the demoncrat voter freebies.

lund519
lund519

Hi Kelly,

Where in Upstate NY did you move to? I'm a native Minnesotan who has been offered a job in Niagara Falls, New York. So far it looks okay, but the crime stats for Niagara Falls, which is about the same size as Grand Forks, is very high.

digitalprotocol
digitalprotocol topcommenter

@truckmeyer is it not too crowded in the city? are the transplants not from the hinterland?  farm kids from our shittier neighboring states...

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