What state has the lowest labor cost?
What state has the lowest labor cost?
Mississippi With a median hourly wage of $14.22, workers in Mississippi get the lowest pay of anywhere in America.
What is the average wage in each state?
List of U.S. states and territories by annual median wage
| National rank | State or territory | Median wage in US$ |
|---|---|---|
| 1 | District of Columbia | $71,690 |
| 2 | Massachusetts | $48,680 |
| 3 | Alaska | $48,020 |
| 4 | Connecticut | $46,920 |
How does BLS get salary data?
Wage data are available by occupation for the nation, regions, states, and many metropolitan areas. Wage data by area and occupation are from the National Compensation Survey, Occupational Employment and Wage Statistics survey, and Current Population Survey.
Why do salaries vary from state to state?
Geographic location. Some states or areas have higher wages than others for jobs in an occupation. Local demand for the work and cost of living are among the geographic factors affecting wages.
Who is the lowest paying state?
The two states with the lowest minimum wage are Georgia ($5.15) and Wyoming ($5.15). However, employers in Georgia and Wyoming who are subject to the Fair Labor Standards Act must still pay the $7.25 Federal minimum wage.
Is labor cheaper in the south?
Workers in the southern United States have historically earned lower wages than the rest of the country, a fact some argue is merely a result of lower living expenses. But even after adjusting for the costs of living, average earnings in most southern metro areas lag behind the rest of the country.
What is a good salary by state?
According to the U.S. Census Bureau, the median household income for 2019 was $65,712….Here are the 10 states with the highest average incomes:
- New Jersey ($114,691)
- Connecticut ($113,031)
- Massachusetts ($111,498)
- Maryland ($111,417)
- California ($106,916)
- Hawaii ($103,780)
- New York ($101,945)
- Virginia ($101,746)
Are BLS salaries accurate?
The statistical reliability of the BLS wage data is adequate for most metropolitan and non-metropolitan areas (at least 90 percent of areas). For a small proportion of areas, the BLS data are not as reliable.
Do BLS wages include bonuses?
No. OEWS wage estimates represent wages and salaries only, and do not include nonproduction bonuses or employer costs of nonwage benefits, such as health insurance or employer contributions to retirement plans.
Does salary depend on where you live?
If an occupation’s wages are more variable across locations, as with registered nurses, then where you live matters more for your wages. For occupations with less dispersion, like truck drivers, where you live matters less for your wages.
