Quick Answer: What Are The Lowest Paying States?

What is the highest paying state?

Here are the 10 states with the highest average incomes:New Jersey ($114,691)Connecticut ($113,031)Massachusetts ($111,498)Maryland ($111,417)California ($106,916)Hawaii ($103,780)New York ($101,945)Virginia ($101,746)More items….

How much is 20000 per year an hour?

Assuming 40 hours a week, that equals 2,080 hours in a year. Your annual salary of $20,000 would end up being about $9.62 per hour.

How much money do you need to live comfortably for the rest of your life?

According to a new survey from Charles Schwab, Americans say it takes an average of $2.4 million to be considered “wealthy.” As for how much it takes to be “financially comfortable,” survey respondents say it’s an average of $1.1 million.

Is $15 an hour a livable wage?

One recent study shows $15 an hour isn’t enough to secure affordable housing in most U.S. states. Nationally, someone would need to make $17.90 an hour to rent a one-bedroom apartment or $22.10 an hour to cover a two-bedroom home, according to analysis from the National Low Income Housing Coalition.

Is $30 000 a year a good salary?

Even if your income is $30,000 per year, you can still retire, it just takes a little bit of planning. While you are saving for retirement, you need to figure out how to live on about $4,000 per month which isn’t hard. In fact, you’ll live a life of relative luxury.

Can you live off 30000 a year?

The average percentage you should pay on rent is 25 to 30 percent of your salary. And this should include the taxes and other monthly home costs such as homeowners and renter’s insurance. It means that to live on $30,000 a year, you have to spend no more than $625 to $750 a month on housing.

Is $20 hr a good salary?

$20 an hour is $41,600 annually if you can get full time hours. If your benefits come with insurance and a retirement account, and if your cost of living means you can find somewhere to live for under $900 a month, it should be fine for someone who wants to pay the bills, save a little, and live simply but comfortably.

What is the lowest salary in USA?

While the federal minimum wage is $7.25, most states and many cities have higher minimum wages resulting in almost 90% of U.S. minimum wage workers earning more than $7.25. The effective nationwide minimum wage, the wage that the average minimum wage worker earns, is $11.80 as of May 2019.

What states have a $15 an hour minimum wage?

New York became the second state to pass a new law that would raise the minimum wage in New York City to $15 per hour by the end of 2018. Washington D.C. followed suit, enacting a law to raise the minimum wage in the District to $15 per hour by July 1, 2020.

What job makes the most money?

Here are the top 25 best-paying jobs of 2020, according to U.S. News & World Report.Lawyer.Sales manager. … Business operations manager. … Pharmacist. … Financial advisor. … Optometrist. Mean salary: $119,980 per year. … Actuary. Mean salary: $116,250 per year. … Political scientist. Mean salary: $115,300 per year. … More items…•

What job pays 200k a year?

​Anesthesiologist Doctors who administer anesthesia earn a whopping $246,320, on average — the highest wage listed in the Bureau of Labor Statistics (BLS) database. However, salaries for anesthesiologists can top $400,000, according to a compensation survey by the Medical Group Management Association.

What job makes the most money per hour?

anesthesiologistsThat’s according to the latest Bureau of Labor Statistics’ Occupational Employment and Wage Estimates survey. In operating rooms across the country, anesthesiologists, the highest-paid workers in the U.S., earn an average of $111.94 an hour, for a mean annual salary of $232,830, according to the BLS.

How can I make $20 an hour?

17 Jobs That Pay $20 An Hour With Little Or No Experience/Degree#1. Proofreading.#2. Become a Virtual Assistant.#3. Small Business Marketing.#4. Bookkeeping.#5. Website Development and Computer Programming.#6. Freelance Writing.#7. Online Tutoring.#8. Test Websites.More items…

What is the lowest paying job?

The 25 lowest paying jobs in the USLaundry and dry-cleaning workers.Combined food preparation and serving workers, including fast food.Dishwashers.Dining room and cafeteria attendants and bartender helpers.Food preparation workers.Cashiers.Maids and housekeeping cleaners.More items…•

What jobs pay a million a year?

The People Who Make $1 Million A Year Or MoreManaging Director, Investment Banking. … General Partner, Private Equity. … Portfolio Manager, Hedge Fund. … Public Company C-Level Executive. … Self-Help Gurus. … Professional Athletes. … Entertainers. … Doctors Who Own Their Practices.More items…•

Can I buy a house if I only make 30k a year?

Simply take your gross income and multiply it by 2.5 or 3, to get the maximum value of the home you can afford. For somebody making $100,000 a year, the maximum purchase price on a new home should be somewhere between $250,000 and $300,000.

What is minimum wage in all 50 states?

State2020 Minimum Wage2021 Minimum WageAlabama$7.25 (Federal, no state minimum)$7.25 (Federal, no state minimum)Alaska$10.19$10.34Arizona$12.00$12.15Arkansas$10.00$11.0047 more rows•Jan 4, 2021

What states raised minimum wage in 2020?

The states that raised their wages at the start of 2020, or will later this year, include:Alaska, with an hourly increase from $9.89 to $10.19.Arizona, $11 to $12.Arkansas, $9.25 to $10.California, $12 to $13.Colorado, $11.10 to $12.Connecticut, $11 to $12 on Sept. … Florida, $8.46 to $8.56.Illinois, $8.25 to $9.25.More items…•