Posts Tagged ‘State Comparisons’

The Cost of Care!

March 16, 2017

Judging from the below data re: the cost of nursing home/long-term care, it might behoove me to remain in the State of Oklahoma in my retirement years.  Here’s a list of the states where these costs are least expensive as well as most expensive (median daily cost for long-term care in a semi-private room in 2016) . . .

Most Expensive:
1. Alaska ($800)
2. Connecticut ($407)
3. Massachusetts ($370)
4. New York ($361)
5. North Dakota ($359)
6. Hawaii ($355)
7. District of Columbia ($333)
8. New Jersey ($325)
9. New Hampshire ($320)
10. Delaware ($315)

Least Expensive:
1. OKLAHOMA ($145)
2. Texas ($148)
3. Missouri ($156)
4. Louisiana ($160)
5. Arkansas ($161)
6. Kansas ($171)
7. Iowa ($182)
8. Illinois ($184)
9. Nebraska ($185)
9. Utah ($185)

Source: AARP Bulletin, March 2017, p. 44 (from Genworth 2016 Cost of Care Survey)

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Workplace Retirement Plans!

April 12, 2016

So, are you ready for retirement?  Have you saved sufficiently?  Do you work for an employer who has an employer-based account?  In the April issue of AARP Bulletin, there was a state-by-state comparison of the percentage of workers with employer-based accounts.  These percentages range from a high of 61% to a low of 38%.  Oklahoma fell right in the middle at 50%.  Here are the states with the five highest and the five lowest percentages of employer-based accounts:

Highest percentage
1.  Wisconsin (61%)
1.  Minnesota (61%)
3.  North Dakota (59%)
3.  Iowa (59%)
5.  New Hampshire (58%)
5.  Connecticut (58%)

Lowest percentage
1.  Florida (38%)
2.  Nevada (39%)
3.  Arizona (41%)
3.  New Mexico (41%)
5.  Texas (42%)

Source: PEW Charitable Trusts, data for full-time private-sector workers ages 18-64.

Minimum Wage!

May 12, 2015

The federal minimum wage has been a hot topic of late, but did you know that only twenty-one of the fifty states abide by the federal minimum wage of $7.25/hour?  The remaining states all offer a minimum wage that exceeds this $7.25 federal minimum.  Eight states offer a minimum wage that is $9.00/hour or more!

1. Washington, DC: $9.50/hour
2. Washington (State): $9.47/hour
3. Oregon: $9.25/hour
4. Connecticut: $9.15/hour
5. Vermont: $9.15/hour
6. California: $9.00/hour
7. Massachusetts: $9.00/hour
8. Rhode Island: $9.00/hour

Source: AARP Bulletin, March 2015 (U.S. Dept. of Labor and State Websites)

State Gas Taxes!

April 14, 2015

Depending on where you live, the amount of tax you pay per gallon on your gasoline can vary greatly.  The tax can range from a low of 8 cents per gallon (Alaska) to a high of 50.5 cents per gallon in Pennsylvania.  Here are the top five states with the highest tax and the top five states with the lowest tax (as of January 1, 2015*) as reported in the April 2015 issue of the AARP Bulletin.

Highest Tax

1. Pennsylvania (50.5¢)
2. California (42.5¢)
3. North Carolina (37.8¢)
4. Washington (37.5¢)
5. West Virginia (34.6¢)

Lowest Tax

1. Alaska (8.0¢)
2. New Jersey (14.5¢)
3. Virginia (16.2¢)
4. South Carolina (16.8¢)
5. Hawaii (17.0¢)
5. Oklahoma (17.0¢)

*rates are rounded up to the nearest 10th of a cent and do not include local option taxes.

Source: Federation of Tax Administrators

Poor States of Affairs!

March 21, 2013

If you ever truly wondered how important Social Security benefits really are to our senior citizens, here is the statistsical breakdown by state that shows the percentage of Social Security recipients age 65+ who are living in poverty compared with the percentage who would be living in poverty without the benefit (courtesy of the March 2013 AARP Bulletin).  Source: Center on Budget and Policy Priorities.  Note: the poverty thresholds for 2011: $10,788 for senior individuals; $13,596 for couples.

State: %age in poverty with Social Security (%age in poverty without Social Security)
Bold entries represent one of the five highest in each category.
Italic entries represent one of the five lowest in each category.
Alabama: 9.1% (49.4%)
Alaska: 10.4% (36.8%)
Arizona: 9.1% (41.7%)
Arkansas: 11.9% (55.0%)
California: 8.5% (37.6%)
Colorado: 7.2% (36.9%)
Connecticut: 6.2% (37.6%)
District of Columbia: 15.6% (34.9%)
Delaware: 7.7% (38.8%)
Florida: 8.9% (45.8%)
Georgia: 11.9% (52.8%)
Hawaii: 8.2% (33.6%)
Idaho: 8.5% (46.8%)
Illinois: 7.5% (44.2%)
Indiana: 8.0% (48.8%)
Iowa: 5.6% (47.3%)
Kansas: 6.7 (46.9%)
Kentucky: 9.2% (51.4%)
Louisiana: 15.0% (50.3%)
Maine: 8.0% (47.4%)
Maryland: 8.2% (35.6%)
Massachusetts: 7.4% (40.7%)
Michigan: 7.4% (47.6%)
Minnesota: 6.9% (47.3%)
Mississippi: 12.5% (54.8%)
Missouri: 6.9% (47.3%)
Montana: 7.8% (50.1%)
Nebraska: 6.6% (42.1%)
Nevada: 9.4% (42.1%)
New Hampshire: 6.5% (45.1%)
New Jersey: 7.8% (39.4%)
New Mexico: 10.4% (42.1%)
New York: 10.9% (42.8%)
North Carolina: 10.0% (50.9%)
North Dakota: 8.7% (42.1%)
Ohio: 8.1% (48.3%)
Oklahoma: 7.2% (46.1%)
Oregon: 7.0% (40.8%)
Pennsylvania: 9.1% (47.4%)
Rhode Island: 8.3% (47.9%)
South Carolina: 11.4% (51.9%)
South Dakota: 7.3% (42.8%)
Tennessee: 11.5% (54.8%)
Texas: 10.7% (41.4%)
Utah: 7.3% (42.1%)
Vermont: 8.5% (49.1%)
Virginia: 9.5% (37.8%)
Washington: 6.7% (40.0%)
West Virginia: 9.0% (51.8%)
Wisconsin: 5.1% (42.6%)
Wyoming: 6.6% (41.2%)

The Votes Are In!

September 27, 2012

With election season in full swing, would you be interested in knowing what percentage of citizens (age 18+) voted in the 2008 presidential election?  Well, wonder no more.  Here is the breakdown.  Of the 50 states (and DC as well), seven (7) had a rate above 70% (highlighted in blue in the below table) while ten (10) had a rate below 60% (highlighted in red in the below table).  The state with the highest percentage: Minnesota (75%); the state with the lowest percentage: Hawaii (51.8%).

AL 62.4% KY 63.1% ND 67.5%
AK 65.0% LA 70.3% OH 65.5%
AZ 59.9% ME 71.2% OK 58.7%
AR 53.8% MD 68.3% OR 67.6%
CA 63.4% MA 67.1% PA 62.4%
CO 68.4% MI 67.8% RI 67.4%
CT 67.2% MN 75.0% SC 65.6%
DE 67.3% MS 69.7% SD 67.8%
DC 74.1% MO 65.8% TN 55.5%
FL 63.8% MT 65.4% TX 56.1%
GA 64.2% NE 67.3% UT 53.1%
HI 51.8% NV 59.9% VT 64.7%
ID 61.4% NH 71.2% VA 68.7%
IL 62.6% NJ 64.1% WA 66.8%
IN 60.5% NM 62.6% WV 53.4%
IO 70.2% NY 58.8% WI 71.2%
KS 63.3% NC 67.5% WY 64.3%

Source: U.S. Census Bureau (and the September 2012 issue, www.aarp.org/bulletin).