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 SAT Scores

Student SAT scores are an important indicator of college preparedness.  Where a child grows up and gets educated can dramatically alter his or her performance and opportunities in life.  Here are the Best and Worst States for SAT Scores for 2008.

Editors Note:  For the latest 2009 State Sat Scores got to State SAT Scores 2009

For the latest in Best States for Jobs 2009 go to Best States for Job Openings September 2009


According to the CollegeBoard SAT 2008 College-Bound Seniors State SAT reports the Best and Worst States for SAT scores are:

Best States for SAT Scores

Rank    State                 R      M       W         Total
1.    Iowa                       608    613    586    1807
2.    Illinois                     594    611    588    1793
3.    Minnesota               596    603    577    1776
4.    Missouri                  594    594    587    1775
5.    South Dakota          598    602    567    1767

Worst States for SAT Scores

Rank    State                  R       M       W       Total
51.    Maine                     466    465    457    1388
50.    Dist of Columbia      478    462    471    1411
49.    South Carolina        488    496    475    1459
48.    Hawaii                    484    506    473    1463
47.    Florida                    497    496    476    1469
46.    Georgia                   494    495    483    1472
R- Critical Reading   M-Mathematics   W-Writing

It is also interesting to see where some of our most populated states are ranked.
California is ranked 35, New York  44 and Texas is 41. Employers may also want to take note of these rankings.

Best and Worst States for Jobs

The Associated Press just put up a story on Best and Worst States for Jobs.  The story highlights our recent list of Best and Worst States for Employment.  It identifies some of the root causes for employment decline.  They are:  The collapse of housing. The implosion of the auto industry. The meltdown of financial services. The exodus of manufacturing.  The link is:
http://biz.yahoo.com/ap/090109/unemployment_worst_states.html

Our entry listing the Labor Department’s December employment numbers lists the Best 5 States, (Wyoming has lowest unemployment at 3.2%) and the Worst 5 States (Michigan has the highest Unemployment at 9.6%).  Our entry link is:
http://blog.bestandworststates.com/2009/01/03/wyoming-best-and-michigan-worst-state-for-employment-december-2008.aspx

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