10 States to Avoid for Your Financial and Physical Well-Being : Have you ever considered exploring alternative career paths? You might want to reconsider your decision after discovering these highly underrated jobs from around the world.
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10 States to Avoid for Your Financial and Physical Well-Being
1. Hawaii: Living Costs Soar 79% Above National Average
Hawaii clinches the title for the toughest state on your wallet. With an overall cost of living skyrocketing 79% higher than the national average, healthcare is 18% pricier and groceries set you back by 25.6%.
On the bright side, Hawaii boasts the lowest average state property tax rate nationwide and maintains a lower violent crime rate compared to most states.
2. Alaska: Where Violent Crime Peaks and Living Costs Soar 24.4% Above Average
Alaska takes the second spot, hosting the second-highest violent crime rate in the nation. Overall, the cost of living in Alaska is a staggering 24.4% higher than the national average, groceries dent your budget by 27.4%, and healthcare punches even harder with prices 49.8% above the norm. On the flip side, Alaska offers a welcome break by not imposing income tax.
3. Washington, D.C.: The Capital’s Costly Dilemma
Although not a state but the nation’s capital, Washington, D.C.’s rankings are grim enough to include it.
D.C. stands out with the highest rates of both violent and property crimes among all 50 states. It also boasts the third-highest average state income tax rate. With an unemployment rate of 5.74%, it ranks second in the nation. Finally, the cost of living here stands at a whopping 48.7% above the national average.
4. California: High Unemployment and a 34.5% Living Cost Surge
California leads with the largest number of unemployed persons at 1.6 million and sits in the top five for national unemployment rates. The Golden State’s cost of living is a staggering 34.5% above the national average. The debt-to-income ratio here is also notably high compared to other states.
5. Oregon: Property Crime Peaks, and Living Costs Soar 15% Above Average
Oregon lands in the top five for highest property crime rates and in the top four for highest average state income tax rates. While it avoids the top 10 for violent crime rates, the cost of living here runs 15% above the national average.
6. New Mexico: Crime Rates Climb and Healthcare Costs Match the National Average
New Mexico scores in the top three for violent and property crime rates. It also holds the third-highest poverty rate in the nation. While the overall cost of living doesn’t quite match the national average, healthcare costs are nearly equivalent at 99.6%.
7. Maryland: Where Taxes and Grocery Bills Run High
Maryland boasts the nation’s second-highest average state income tax rate. Its cost of living ranks among the top 10 highest states, with grocery costs 8.5% higher than the national average. It ties with Hawaii for the highest debt-to-income ratio in the U.S.
8. Louisiana: Crime Rates and Poverty Levels Remain High
Louisiana ranks in the top five for highest violent crime rates and top six for highest property crime rates in the nation. It also falls into the top 10 for highest unemployment rates. On a brighter note, its cost of living is lower than most U.S. states. However, the poverty rate here is the second-highest in the nation at 18.8%.
9. New York: High Taxes and Living Costs Hit Hard
New York lands in the top 10 for highest average state property tax rates and claims the highest average state income tax rates in the nation. It also secures the third spot in the U.S. for its unemployment rate. The Empire State also stands among the top five for highest cost of living, with an overall cost of living that’s 25% higher than the national average.
10. South Carolina: Crime Rates and Debt Levels on the Rise
South Carolina is in the top 10 for both highest violent crime and property crime rates in the country. It also places in the top 10 in the U.S. for greatest debt-to-income ratio and poverty rate.
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