Re:The 'white-collar bloodbath' is all part of the AI hype m...
by steveBK123 on Monday June 02, 2025 @07:51AM
(#44157855)
CT & NJ being top of the list points to the great NYC metropolitan wage premium though doesn't it? MA at #4 picks up Boston, MD at #5 picks up DC, etc.
CA probably nowhere on the list because its such a small state that any Silicon Valley premium gets diluted at the state level average.
I am not finding a clear definition of this index but it appears to be $saved/$income (or $saved/$living expenses) right? So 114% in CT dollars is probably way more than 102% Kansas dollars..
It's also worth noting the point I was making is - if you take a "one years NYC income in savings" amount of money and relocate to say, New Mexico.. the money goes a lot further than trying to do the opposite!
Yes to the latter, no to the former. The states with the highest savings rates are Connecticut, New Jersey, Minnesota, Massachussetts and Maryland [1]. Only Massachussetts is a top-five COL state [2].
> then after living at the center of everything for 15-20 years be mentally prepared to move to “nowhere”
This is the real hurdle. Ultimately, however, it's a choice. One chooses to work harder to access a scarce resource out of preference, not necessity.
[1] https://en.wikipedia.org/wiki/List_of_U.S._states_by_savings...
[2] https://en.wikipedia.org/wiki/List_of_U.S._states_by_savings...