The Energy States are Flying High – Almost Like 1982? The ongoing resurgence in the oil and gas industry is once again driving overall activity in the key energy-producing states. Our pic-of-the-week details the share of total state earnings derived from the oil and gas industry. Oklahoma currently leads the way with 12.7% of total state earnings derived from the sector. Remarkably, the massive state of Texas
Taxes are Lowest in TN, Twice as High in CT. Yes, your overall tax bill is still sensitive to where you live. The average share of personal income paid in current Federal, state, and local taxes ranges from a low of 7.8% in state-tax-free Tennessee to a high of 16.3% in Connecticut.
The cost of living in a state typically reflects housing costs, but not always – The variation in housing costs across the 50 states is remarkable. The average value of a single family owner-occupied home in the U.S. ranges from a low of $145,000 in Oklahoma to a high of $877,000 in Hawaii. Similarly, the overall cost of living in Hawaii is 17% above the national average but is 10% below in Oklahoma. Yet per capita personal income is only about 10% higher in Hawaii.