The Annual List of the Best and Worst States to Make a Living is Bad News For Maine…Again
Struggling to make a living in Maine? There's a reason why according to this year's list of best and worst states to make a living in from Money-Rates.
The annual list once again has Maine near the bottom of the pile when it comes to best states to make a living in. The study takes into account each state's median wages, state tax rate, cost of living, unemployment rate and incidents of workplace illness, injuries and fatalities. Maine came in 43rd out of the 50 states. Ouch.
What's holding us back? The two most significant factors are the higher than average cost of living in Maine and the state tax rate, one of the highest in the country.
Once again, Maine is a great place to live...if you can afford it. Better luck next year.