Written by DML
Below is a very important report which I ask you to please share on your social media accounts.
Having recently toured much of the US in a motorhome, I was disappointed to see many areas that continue to struggle despite the booming economy. The biggest factor in this appears to be affordability. It costs too much to live a good life in America, especially if you are part of the declining middle-class.
In a new study from GOBankingRates states that South Dakota is the best place for middle-class individuals to live. The median list price for a home was $229,500 and the home ownership rate is about 69 percent. In-state college tuition is less than $10,000 per year.
Iowa was ranked second. Home values in this state have increased 3.9 percent since 2013, while the median list price is about $181,900.
Florida ranks 3rd, and as of 2014, the average resident considered to be a part of the middle class was earning about $70,100. In-state college tuition costs $6,360, on average, down 4 percent over the past five years.
Hawaii was found to be the worst state for middle-class Americans. Middle-class income in the state has declined by more than 3.6 percent throughout recent years, while home values have risen by 6.8 percent.
Louisiana occupied the second spot on the list of worst states for the country’s middle class, where the cost of in-state college tuition has risen 48 percent over the past five years.
Alaska followed Louisiana, a state with a college graduation rate of just 32 percent.
Connecticut ranked fourth, where the median list price of a house was about $325,000 and the cost of in-state tuition has risen 20 percent over the past five years, to $12,390.
Rounding out the top 10 are New York, Massachusetts, New Jersey, Virginia, California and Colorado.
source: Fox Business