People Leave NY and Illinois for 32 Straight Years!!! People choose Best states with their feet.

Choosing where to live is complicated.  When you choose a state to live, it must be the Best State for your needs.  If a state has inward moves i.e. positive migration,  there must be enough positive factors to create that movement.  United Van Lines recently released its 2008 “migration study.”  It has done so for 32 years.  The “People’s Choice Award for Best and Worst States” are

Best States (Most Inward Moves)

1.  Washington DC
2.  Nevada
3.  North Carolina
4.  Alabama
5.  Wyoming
6.  South Dakota
7.  South Carolina
8.  Oregon

Worst States (Most Exits from State)

51.  Michigan
50.  North Dakota
49.  New Jersey
48.  Pennsylvania
47.  Rhode Island
46.  Illinois
45.  Indiana
44.  Maine
43.  New York

According to United, New York and Illinois have seen more exits for 32 straight years!!!  I wonder if the political folks are wondering why companies and people keep moving away.  Northern States dominate Net Exits.  Nevada has had 23 consecutive years of inward moves and Oregon has had 21 years.  Florida, California and Texas were considered balanced states.

For more info go to United’s website:  http://www.unitedvanlines.com/mover/united-newsroom/press-releases/2008/2008-united-van-lines-migration-study.htm

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Best and Worst States for Credit Scores

Where you live influences your income, your job opportunities and the kinds of industries you might work.  The state you live may also affect your credit score. Credit report has a great report on average state credit scores.  If your state is not listed click on the link to their site.

www.creditreport.com/info/credit-scores/average-credit-scores.asp

 

Best States for Credit Scores  (highest)

1.  South Dakota               710
2.  Minnesota                    707
3.  North Dakota               706
3.  Vermont                      706
5.  New Hampshire           703
5.  Massachusetts             703

Worst States for Credit Scores  (lowest)

51.  Texas                         651
50.  Nevada                      655
49.  Arizona                      659
48.  New Mexico               663
48.  Louisiana                   663

The national average is about 680.  Your score can cost you if it is low.  Watch your credit and pick your state wisely.  Lenders factor in the losses in a market when making loans.

2008 Crime State Rankings: New Hampshire Best, Nevada Worst

New Hampshire was declared  the safest state in the  2008 edition of
Crime State Rankings by CQ Press.

Nevada was declared the most dangerous.

Best States  (Lowest crime)

New Hampshire
Maine,
North Dakota,
Vermont
South Dakota

Worst States  (Highest Crime)

Nevada
Louisiana
New Mexico
South Carolina
Arizona

New Hampshire was declared for the first time after 10 consecutive years of North Dakota being awarded the most safe.  Nevada has been the most dangerous for the last 5 years.  Safety is an important long term consideration to home values and migration patterns.  Retirees should consider crime stats when picking a best place to retire.

CQ publishes an an extensive analysis.  You can find out more at www.cqpress.com/reference.

Best and Worst States for Entrepreneurs

The Small Business and Entrepreneurship Council in December released its 13th annual “Small Business Survival Index for 2008:  Ranking the Policy Environment for Entrepreneurship across the Nation.”

The Best and Worst Sates for Entrepreneurs are:

  Best                                                   Worst

1.  South Dakota                                51.  Washington DC
2.  Nevada                                         50.  New Jersey
3.  Wyoming                                      49.  California
4.  Florida                                          48.  Maine
5.  Washington                                  47.  Rhode Island

The study covers a broad area of policy matters from tax to regulation and is full of great info.  It can be found on the home page of the Council at:

www.sbecouncil.org/home/index.cfm 

If you are thinking of starting a business or want to work in a state that fosters small business check it out.

Connecticut Worst State for Tax Burden, Oklahoma the Best

MSN has a great list of state tax burdens.  The worst states are Connecticut (38.3%), followed by New York (37.1%), New Jersey (35.6%) and Nevada (35.2%). Oklahoma residents pay the least (27.8%), followed by those in Alabama (28.0%) and Alaska (28.1%).
Here is the link:  articles.moneycentral.msn.com/Taxes/Advice/TheBestAndWorstStatesForTaxes.aspx


No income tax states are great for people who are working.  Seven states have no state income tax: Alaska, Florida, Nevada, South Dakota, Texas, Washington and Wyoming. Two others, New Hampshire and Tennessee, tax only dividend and interest income. To see how other states compare, check out the Federation of Tax Administrators’ listing of individual income tax rates for 2008. Wyoming and South Dakota are also two of the best states for employment so you can find probably find a job and keep more of what you earn.  See our blog note:  blog.bestandworststates.com/2009/01/03/wyoming-best-and-michigan-worst-state-for-employment-december-2008.aspx