Where you live can have more impact than you think when it comes to your ability to save money. So which states are likely to stash more cash? new report From Forbes Advisors for the purpose of finding out.
In addition to ranking states based on their residents’ ability to save, the report also highlighted several regional trends. For example, the data shows that many Midwestern states are among the easiest places to save, while the Northeastern states are among the most difficult places to save. Here’s a summary of the rest of the report’s findings:
What makes the state a good place to save money?
To rank states, Forbes Advisors Analysis data From all 50 states and Washington DC, they are divided into four categories: Income and Debt, Cost of Living, Housing Costs and Taxes. Each category accounted for 25% of the state’s total score out of 100.
Note that in this report, a score of 0 means the state is the best place to save money, and a score of 100 means it’s harder to save money than any other state. please give me.
best states to save money
If your goal is to save as much money as possible, Are doing live in these states, According to Forbes Advisor:
- north dakota
- south dakota
- west virginia
- Missouri
- Ohio
- Indiana
- Kansas
- Tennessee
- Wisconsin
- Arkansas
worst states to save money
Saving money is the hardest in these states because the cost of living is high and incomes aren’t keeping up.
- Hawaii
- California
- Maryland
- new york
- new jersey
- Oregon
- connecticut
- rhode island
- Massachusetts
- Nevada
For more information, full report on Forbes Advisor.
