Wednesday, April 15, 2020
Where Do Women Make the Most Money What States
Where Do Women Make the Most Money What States Women looking to earn a healthy paycheck may want to consider a move to the Eastâ"and to the greater Washington, D.C., area in particular. Thatâs according to WalletHubâs 2016 Best Worst States for Women report, which analyzed the 50 states and the District of Columbia across 15 key metrics to determine where women in the U.S. are best off. The metrics range from median earnings to percent of women-owned businesses to the female uninsured rate. The 10 states with the highest median earnings for female workers (adjusted for cost of living) are: District of Columbia: $34,241 Virginia: $33,854 Maryland: $31,975 Delaware: $31,499 Illinois: $30,909 Minnesota: $30,415 Colorado: $29,921 Georgia: $29,913 Indiana: $29,502 Mississippi: $29.093 The 10 states with the lowest median earnings for female workers (adjusted for cost of living) are: Hawaii: $18,434 Oregon: $20,137 California: $22,573 Montana: $22,728 Maine: $23,159 West Virginia: $23,162 Vermont: $23,244 Utah: $24,,117 New York: $24,496 South Dakota: $24,963 Alaska, Colorado, and Virginia have the highest share of women-owned businesses, while Vermont, Utah, and Nebraska have the lowest. The lowest unemployment rates for women are found in North Dakota, Nebraska, Minnesota and Vermont; Washington D.C., Nevada, and Mississippi have the highest unemployment rates. But not everything is peachy in states with high median wages. While women may earn the most in places like D.C. and Delaware, they still earn 79 cents for every dollar earned by a man. New York, Hawaii, and Maryland boast the smallest wage gaps of any state, while Baltimore, Tampa, and Minneapolis are the cities with the narrowest discrepancy. âEqual pay is the biggest issue facing women around the world,â Siri A. Terjesen, assistant professor at the Kelley School of Business at Indiana University Bloomington, told WalletHub. âAcross the country the gap is substantialâ"certainly in some cases, equal to or greater than the rate that personal income is taxedâ"so gender ends up being a tax on women.â Read next: Why You Should Care About the Hollywood Wage Gap Other experts interviewed by WalletHub pointed to affordable childcare as one of the biggest issues working women face today. âFor many women, childcare costs the same as what they make, which makes opting out of the workforce an easy choice,â Jennifer Beall, CEO of Tot Squad Baby Gear Services, said. âIf the government could find ways to subsidize childcare for working parents, I think we would see more women working and making more.â
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