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These Are the Best and Worst States for Middle-Class Income EarnersLOS ANGELES, Nov. 7, 2017 /PRNewswire/ -- Iowa and South Dakota are the best states to live on a middle-class income, found a new study by personal finance website GOBankingRates. Hawaii, Massachusetts and California are the worst states for middle-class families due to high costs of homeownership and costs of living. To identify the best and worst states for middle-class families, GOBankingRates analyzed income, higher education and housing trends in each state. The study is based off of the Pew Research Center's definition of "middle-income households" as those with an income that is two-thirds to double the U.S. median household income. For more details on methodology and to read the view the full study, visit: Best and Worst States for the Middle Class Top 5 Best States for Middle-Class Families to Live
*Median household income of middle-class families. Additional Insights
About GOBankingRates GOBankingRates.com is a personal finance news and features website dedicated to helping visitors live a richer life. From tips on saving money to investing for retirement or finding a good interest rate, GOBankingRates helps turn financial goals into milestones and money dreams into realities. Its content is regularly featured on top-tier media outlets, including MSN, MONEY, AOL Finance, CBS MoneyWatch, Business Insider and dozens of others. GOBankingRates specializes in connecting consumers with the financial institutions and products that best match their needs. Start your journey toward a rich mind and full wallet with us here. Contact: Natalie Richter, Media Relations
View original content with multimedia:http://www.prnewswire.com/news-releases/these-are-the-best-and-worst-states-for-middle-class-income-earners-300549672.html SOURCE GOBankingRates |