ILLINOIS ranked number five in the nation for the best place to make a living in 2015
Illinois is among the best states to make a living in 2015
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Illinoisans are used to less-than-stellar economic news about our state. But a new study shows that Illinois scored high in one important area related to jobs and business–the state ranked in the number five in the nation for the best place to make a living in 2015.
The rankings, released by MoneyRates, were based on average wages in the states, state tax rates, cost of living, unemployment rates and incidents of workplace injuries. Based on these statistics from the Bureau of Labor Statistics, the Tax Foundation and other sources, the report shows which states have the overall best conditions for making enough money to live comfortably.
Here are the 10 best and 10 worst states to make a living in 2015:
This list shows that average income in the states was not the deciding factor for ranking the best states for making a living. For example, Hawaii has a higher average income than Utah, yet Utah is considered the No. 10 best state to make a living, while Hawaii is the worst. This can be explained by the other factors taken into consideration by the report: Hawaii has a higher cost of living index than Utah.