Job hunting is hard work, and every year WalletHub compares the 50 states across 34 key indicators of job-market strength and economic health to come up with a ranking of the best and worst states for jobs. Their data set ranges from employment growth to the median annual income to the average commute time.
For the second year in a row Minnesota ranked 3rd overall for jobs, in large part because it has the third-highest median household income, at nearly $86,000, adjusted for the cost of living. It also has the 11th-highest average monthly starting salary, at around $3,800.
“In addition to great compensation, Minnesota workers have good access to benefits. The state has the eighth-highest share of workers with private health insurance and the 12th-best access to employer-based retirement plans.
The Land of 10,000 Lakes has one of the lowest unemployment rates in the country, too, at just 3%, while its residents also benefit from the presence of workshare programs. And for workers who are parents, Minnesota is the fifth-best state for both working moms and working dads.”
Sharlene Hensrud, RE/MAX Results – shensrud@homesmsp.com
