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.
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
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:
- New York
- New Jersey
The 10 states where Americans are least likely to live paycheck to paycheck:
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.