Here Are the States Most (And Least) Likely to Live Paycheck to Paycheck

Second annual GOBankingRates study reveals where Americans will likely struggle to make ends meet -- and where they can expect to save more of their paycheck

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GOBankingRates

16 Jan, 2017, 06:15 ET

LOS ANGELES, Jan. 16, 2017 /PRNewswire/ -- Hawaii is the state where Americans are most likely to live paycheck to paycheck, whereas residents of Mississippi are least likely, according to the latest GOBankingRates study.

While a majority of the 10 states where Americans are most strapped for cash are the same states featured in last year's study, the 2017 study found many new states rank as the best for stretching your paycheck, including Michigan, Oklahoma and Mississippi.  

Latest GOBankingRates study finds the states most (and least) likely to live paycheck to paycheck.
Latest GOBankingRates study finds the states most (and least) likely to live paycheck to paycheck.

States were evaluated and ranked according to the percentage of the median paycheck that was left over after subtracting the following:

  • Housing costs
  • Food expenditures
  • Transportation expenses
  • Utilities
  • Healthcare

To see full rankings and methodology, visit: https://www.gobankingrates.com/personal-finance/states-least-likely-live-paycheck-paycheck-2017/ 

The 10 states where Americans are most likely to live paycheck to paycheck:

  1. Hawaii
  2. California
  3. New York
  4. Massachusetts
  5. Alaska
  6. Maryland
  7. Connecticut
  8. Vermont
  9. New Jersey
  10. Oregon

The 10 states where Americans are least likely to live paycheck to paycheck:

  1. Mississippi
  2. Arkansas
  3. Oklahoma
  4. Tennessee
  5. Indiana
  6. Alabama
  7. Kansas
  8. Missouri
  9. Kentucky
  10. Michigan

About GOBankingRates

GOBankingRates.com is a personal finance news and features website dedicated to helping visitors live a richer life. From tips on saving money, to investing for retirement or finding a good interest rate, GOBankingRates helps turn financial goals into milestones and money dreams into realities. Its content is regularly featured on top-tier media outlets including MSN, MONEY, AOL Finance, CBS MoneyWatch, Business Insider and dozens of others. GOBankingRates specializes in connecting consumers with the financial institutions and products that best match their needs. Start your journey toward a rich mind and full wallet with us here.

Contact:
Ali Branch, Media Relations
GOBankingRates.com
[email protected]
310-297-9233 x118

SOURCE GOBankingRates

Related Links

http://www.gobankingrates.com

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