CFED Scorecard

Financial Assets & Income

Outcome Measures

Income Poverty Rate

Asset Poverty Rate

Asset Poverty by Race

Asset Poverty by Gender

Asset Poverty by Family Structure

Liquid Asset Poverty Rate

Liquid Asset Poverty by Race

Liquid Asset Poverty by Gender

Liquid Asset Poverty by Family Structure

Extreme Asset Poverty Rate

Net Worth

Net Worth by Race

Net Worth by Income

Net Worth by Gender

Net Worth by Family Structure

Unbanked Households

Underbanked Households

Households with Savings Accounts

Consumers with Subprime Credit

Borrowers 90+ Days Overdue

Average Credit Card Debt

Bankruptcy Rate

Policy Priorities

Tax Credits for Working Families

State IDA Program Support

Lifting Asset Limits in Public Benefit Programs

Protections from Predatory Short-Term Loans

Additional Policies

Income Tax Threshold

Tax Burden by Income

Prize-Linked Savings

Paperless Payday

Trend Indicators

Change in Net Worth

Change in Asset Poverty

Change in Liquid Asset Poverty

Change in Consumers with Subprime Credit

Change in Average Credit Card Debt

Businesses & Jobs

Housing & Homeownership

Health Care

Education

CFED Assets & Opportunity Scorecard

Average Annual Pay

Reports & Graphics

Definition

Average annual pay for all workers covered by unemployment insurance, 2011, adjusted for state cost of living.

Description

Earning an adequate salary makes it possible for families to make ends meet, pay down debt, and save for and invest in the future. This measure is only an approximation of annual earnings, as an individual may not be employed by the same employer all year or may work multiple jobs at once.

 Average annual pay is defined as the total annual pay of all employees covered by unemployment insurance (UI) programs, divided by the average number of UI-covered employees. It is important to note that average annual pay is affected by both the ratio of high-paid to low-paid employees and the ratio of full-time to part-time workers. 

For more information on this measure, including workers covered and the methodology, see the Bureau of Labor Statistics

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Average Annual Pay

StateAdjusted Average
Annual Pay ($)
Rank
United States  $48,043   
Alabama  $45,459  25 
Alaska  $46,544  21 
Arizona  $44,626  29 
Arkansas  $41,747  43 
California  $49,696 
Colorado  $49,578 
Connecticut  $55,335 
Delaware  $48,697  13 
District of Columbia  $70,588 
Florida  $42,313  41 
Georgia  $47,563  17 
Hawaii  $36,583  51 
Idaho  $38,103  50 
Illinois  $50,637 
Indiana  $43,748  37 
Iowa  $43,901  36 
Kansas  $44,236  31 
Kentucky  $44,198  32 
Louisiana  $45,516  24 
Maine  $39,075  48 
Maryland  $48,058  15 
Massachusetts  $55,560 
Michigan  $48,088  14 
Minnesota  $49,440  10 
Mississippi  $39,343  47 
Missouri  $46,743  20 
Montana  $38,116  49 
Nebraska  $42,427  40 
Nevada  $43,406  38 
New Hampshire  $44,774  28 
New Jersey  $51,611 
New Mexico  $42,542  39 
New York  $54,156 
North Carolina  $45,389  27 
North Dakota  $47,367  18 
Ohio  $47,274  19 
Oklahoma  $44,123  34 
Oregon  $44,195  33 
Pennsylvania  $47,655  16 
Rhode Island  $45,797  23 
South Carolina  $41,678  44 
South Dakota  $40,611  45 
Tennessee  $46,398  22 
Texas  $49,933 
Utah  $42,133  42 
Vermont  $40,414  46 
Virginia  $49,134  12 
Washington  $49,271  11 
West Virginia  $44,072  35 
Wisconsin  $44,280  30 
Wyoming  $45,439  26 

Source

Quarterly Census of Employment and Wages. Washington, DC: U.S. Department of Labor, Bureau of Labor Statistics, 2011.

State Multi-Year Regional Price Parities, 2006-2010, Table 1. Washington, DC: U.S. Department of Commerce, Bureau of Economic Analysis.

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