This is the average salary in each state in 2024
The US is a vast and diverse country so it makes sense that salaries will be different from one state to another. Here’s what people get paid in each state.
Currently, the minimum wage at the federal level is $7.25, which has remained unchanged for more than 10 years, last changed in July 2009, despite some efforts to increase it.
However, the base salary is not the same throughout the country, since 30 states and the District of Columbia have established higher hourly salaries, while the remaining 20 states have the federal baseline as their own in most cases.
On the other hand, not all workers earn the same. By law, you cannot earn less than the minimum wage established at the federal level or in each state, but you can earn more.
However, having a salary is also no guarantee that the total income will go to the workers, since after taxes and other deductions, the final amount is less. If you want to know how your earnings compare to that in other states of the country, keep reading to find out what the average salary is.
This is the average salary in each state of the USA
The financial portal GOBankingRates analyzed the average annual income and tax rate of each state to determine how much workers really earn in the 50 states of the nation.
According to the report, those who live in a high-income state, their take-home pay, meaning after taxes, will generally remain higher than what they would earn in a low-tax state.
However, in percentage terms, you may end up with less money in your bank account. In addition, it is important to take into account that, generally, states that register higher incomes also have a higher cost of living.
According to GOBankingRates, this is the average salary in each US state, before and after taxes.
According to the data shared in the GOBankingRates analysis, the states with the lowest tax burden, with less than 20%, are: Tennessee, Florida, Texas, Arizona, Louisiana, Mississippi, Nevada, New Mexico, North Dakota, Ohio, South Dakota and Wyoming.
On the other hand, the states with the highest tax burden, with more than 25%, are: Hawaii, California, Connecticut, Massachusetts, New Jersey, Oregon and Virginia.