Chart of the Day: Median Income, US States vs. European Countries
From Ryan McMaken of the Mises Institute, is your state richer than Bernie Sander's dream country Sweden? The author has used state-level purchasing price parity adjustments, rather than a single US adjustment, due to large variations in state price levels discussed previously here (click to enlarge)
Shane:
New York was kind of a shocker.
October 29, 2015, 12:09 pmJoe:
Shane - New York was kind of a shocker.
Since the chart is based purchasing power parity, NY with high living costs , then the purchasing parity would do less well in New York than Texas.
As a side note. during early 2009, I advertised for a position paying $40k, I received numerous resumes from individuals making in the mid $50's in CA. I had phone interviews with several and each of those individuals recognized that going from $55k in CA to $40k in Dallas was effectively a pay raise.
October 30, 2015, 8:21 amMax:
Is there a definition somewhere whether PPP levels are using before taxes income or after taxes. If it is after taxes than the comparison is skewed.,
October 30, 2015, 12:08 pm