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Being wealthy isn’t nearly how a lot you earn or inherit. It additionally is dependent upon the place you reside. In some locations, the rich can get extra bang for his or her bucks for quite a lot of causes.
In a brand new examine, MoneyRates.com ranked the perfect and worst states to reside in if you’re wealthy, considering three elements:
- The typical revenue of the highest 10 p.c of state residents
- State revenue tax charges
- Property crime charges
The outcomes would possibly shock you. For instance, Washington state has the eighth-highest price of earnings by way of the highest 10 p.c and it has no state revenue tax. On the subject of property crimes, nonetheless, you’re twice as more likely to be victimized in Washington as in New York or New Jersey.
Mississippi has the bottom top-tier earnings degree within the nation, with a median annual revenue of $66,740. But it’s not ranked because the worst state to reside in in case you’re wealthy.
Which one is? We’ll get to that. However we’re beginning with the 10 greatest locations to be rich.