CDZ State Average Income Adjusted for Purchase Parity and State Average Taxes

Discussion in 'Clean Debate Zone' started by JimBowie1958, Jun 30, 2019.

  1. JimBowie1958
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    JimBowie1958 Old Fogey

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    I have often wondered what the states would look like compared to each other if you adjusted for the Purchase Power of the USD in that state and then adjusted for taxes in that state. So I finally got off my dead ass and started working on putting these stats together into a chart and a couple of maps.
    First Column is a short form of the states name
    Second column is the average income for that state unadjusted

    Third column is the PPP for $100 in that state, i.e. how many dollars you have to spend to buy something that on average costs $100 around the rest of the country.

    Fourth column is the adjusted income based on the PPP for that state. This is calculated by dividing the average income by the PPP and multiplying by 100.

    Fifth Column is the average tax including state income tax, sales tax and property taxes.

    Sixth column is the final adjusted income for that state taking into account the PPP and state taxes

    Seventh Column is an index I got by using the formula (100-tax)/PPP * 100

    State …….Average Inc PPP Adj Income Av Tax Adj Final Inc TaxPPP Index
    Alabama "$44,765.00" 86.80 "$51,572.58" 10.2 "$46,312.18" 103.4562212
    Alaska …."$73,355.00" 105.60 "$69,464.96" 13.4 "$60,156.66" 82.00757576
    Arizona .."$51,492.00" 96.20 "$53,525.99" 16.2 "$44,854.78" 87.11018711
    Arkansas "$41,995.00" 87.40 "$48,049.20" 24.8 "$36,133.00" 86.04118993
    California "$64,500.00" 113.40 "$56,878.31" 20 "$45,502.65" 70.54673721
    Colorado "$63,909.00" 103.20 "$61,927.33" 19.3 "$49,975.35" 78.19767442
    Connect. "$71,346.00" 108.70 "$65,635.69" 20.5 "$52,180.38" 73.13707452
    Delaware "$61,255.00" 100.40 "$61,010.96" 33.6 "$40,511.27" 66.13545817
    Dist Col. "$75,628.00" 117.00 "$64,639.32" 17.5 "$53,327.44" 70.51282051
    Florida .."$49,426.00" 99.50 "$49,674.37" 17.6 "$40,931.68" 82.81407035
    Georgia "$51,244.00" 92.60 "$55,339.09" 19.2 "$44,713.99" 87.25701944
    Hawaii .."$73,486.00" 118.80 "$61,856.90" 18 "$50,722.66" 69.02356902
    Idaho …."$48,275.00" 93.40 "$51,686.30" 16.7 "$43,054.68" 89.1862955
    Illinois ..."$59,588.00" 99.70 "$59,767.30" 23.3 "$45,841.52" 76.93079238
    Indiana "$50,532.00" 90.70 "$55,713.34" 20.8 "$44,124.97" 87.32083793
    Iowa ….. "$54,736.00" 90.30 "$60,615.73" 20.5 "$48,189.50" 88.03986711
    Kansas "$53,906.00" 90.40 "$59,630.53" 19.2 "$48,181.47" 89.38053097
    Kentuc.. "$45,215.00" 88.60 "$51,032.73" 21.2 "$40,213.79" 88.93905192
    Louisia. "$45,727.00" 90.60 "$50,471.30" 22.3 "$39,216.20" 85.7615894
    Maine .."$51,494.00" 98.00 "$52,544.90" 18.1 "$43,034.27" 83.57142857
    Maryla. "$75,847.00" 109.60 "$69,203.47" 22.8 "$53,425.08" 70.4379562
    Mass... "$70,628.00" 106.90 "$66,069.22" 25.1 "$49,485.85" 70.06548176
    Mich.... "$51,084.00" 93.50 "$54,635.29" 19.8 "$43,817.51" 85.77540107
    Minne.. "$63,488.00" 97.40 "$65,182.75" 32.9 "$43,737.63" 68.89117043
    Missi... "$40,593.00" 86.20 "$47,091.65" 14.2 "$40,404.63" 99.53596288
    Misso.. "$50,238.00" 89.30 "$56,257.56" 22.5 "$43,599.61" 86.78611422
    Mont.. "$49,509.00" 94.80 "$52,224.68" 14.7 "$44,547.66" 89.97890295
    Nebr... ."$54,996.00" 90.60 "$60,701.99" 22.5 "$47,044.04" 85.54083885
    Neva... "$52,431.00" 98.00 "$53,501.02" 15.2 "$45,368.87" 86.53061224
    NHam .."$70,303.00" 105.00 "$66,955.24" 16.3 "$56,041.53" 79.71428571
    NJers .."$72,222.00" 113.40 "$63,687.83" 24.3 "$48,211.69" 66.75485009
    N Mex .."$45,382.00" 94.40 "$48,074.15" 14.7 "$41,007.25" 90.36016949
    NYork ..."$60,850.00" 115.30 "$52,775.37" 25.3 "$39,423.20" 64.78751084
    N Car …."$47,830.00" 91.20 "$52,445.18" 19.6 "$42,165.92" 88.15789474
    N Dak ..."$60,557.00" 92.30 "$65,608.88" 21.5 "$51,502.97" 85.04875406
    Ohio ….."$51,075.00" 89.20 "$57,258.97" 26.9 "$41,856.31" 81.95067265
    Oklah….."$48,568.00" 89.90 "$54,024.47" 15 "$45,920.80" 94.54949944
    Oreg …."$54,148.00" 99.20 "$54,584.68" 19.2 "$44,104.42" 81.4516129
    Penn …."$55,702.00" 97.90 "$56,896.83" 21.5 "$44,664.01" 80.18386108
    Rh Isl …."$58,073.00" 98.70 "$58,837.89" 25 "$44,128.42" 75.98784195
    S Car ..."$47,238.00" 90.30 "$52,312.29" 15.4 "$44,256.20" 93.68770764
    S Dak ..."$53,017.00" 88.20 "$60,109.98" 16 "$50,492.38" 95.23809524
    Tenne ..."$47,275.00" 89.90 "$52,586.21" 21 "$41,543.10" 87.87541713
    Texas .."$55,653.00" 96.80 "$57,492.77" 18.5 "$46,856.61" 84.19421488
    Utah.. .."$62,912.00" 97.00 "$64,857.73" 17.8 "$53,313.06" 84.74226804
    Verm ..."$56,990.00" 101.60 "$56,092.52" 18.7 "$45,603.22" 80.01968504
    Virgi …..."$66,262.00" 102.50 "$64,645.85" 18.1 "$52,944.95" 79.90243902
    Wash...."$64,129.00" 104.80 "$61,191.79" 20.8 "$48,463.90" 75.57251908
    WVirg ..."$42,019.00" 88.90 "$47,265.47" 14.5 "$40,411.97" 96.17547807
    Wisc ….."$55,638.00" 93.10 "$59,761.55" 20.6 "$47,450.67" 85.28464017
    wyo.. ..."$60,214.00" 96.20 "$62,592.52" 14.2 "$53,704.38" 89.18918919
    This Map Shows the Average Income in Every State—and What It's Really Worth
    What's the average annual income after taxes in every state?

    upload_2019-6-30_3-18-20.png

    upload_2019-6-30_3-23-52.png

    The last map shows the best states to live in if you have a fixed income derived from Social Security, pensions, etc. The higher the PPPTax Index the better for your life style
     

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  2. Picaro
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    Picaro Gold Member

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    Hard to read. I know there is a table function somewhere that will clean that up, but it's been so long since I used it I can't remember how to use it any more. It's the last button on the posts bar, but you have to count cells across and vertically. I think it sorts using commas, but I could be wrong.

    In any case, the usual corrections for averages should be noted; what is the average income in a homeless shelter when Bill gates walks in, and so forth. A breakdown by income categories and net assets might be more explanatory.

    Also, different income levels will have different spending priorities, people making $8 an hour have a whole different set of what should be included in calculating their cost of living index than someone making $200K a year; they are not going to be the same lists at all, which is why the calculations made by govt agencies are garbage and real inflation is invisible to upper incomes but still rising pretty high every year. for those on the low end.
     
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    Last edited: Jun 30, 2019
  3. william the wie
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    william the wie Gold Member

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    If as your maps indicate NY & NJ have the highest probability of financial failure IL cannot be far behind. The futures market are generally where the hedging is done. Given the amount of money dedicated to the fastest communication between the two markets both markets will move to the same state.
     
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  4. JimBowie1958
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    JimBowie1958 Old Fogey

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    It is interesting to not that the PPP-tax Index is highest in Red states, and the lowest states are Democrat, with only a few exceptions.

    Liberals keep messing themselves over and do not realize it.
     
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