Ted Evanoff reports on a national study showing that Indiana trails the U.S. in average income for its citizens.
Income in Indiana rose 2.7 percent last year to $34,103 per person, trailing the nation’s 2.9 percent rise to $39,571 per person, the U.S. Bureau of Economic Analysis reported Tuesday.
Overall, the state ranked 39th. The highest income states were in the northeast, mid-Atlantic, and far west. (Sounds mainly like the states that voted for John Kerry in 2004 — coincidence?)
Big deal. I was just in San Francisco and Oakland, and stayed with friends in the latter. She was working us hard about how we need to move out there. She lives in a house smaller than what my family lives in, on a lot 20% the size of ours, that just sold for $960,000.
I told her that if we were to do anything of the sort, she needed to find me a job that pays $1.8 to $2.2 million/year. She laughed, but that’s the math.
No- I don’t make ANYTHING near that now.
So, what’s your point, Doug? The cost of living on the coasts is absurd. It’s where the housing bubble was created and burst. Would we all be better off if were had marginally higher incomes chasing exponentially higher cost of living? Someone making just $5,000/year more on the coast is absolutely fucked.