These are the states where women earn the most money

These are the states where women earn the most money

Money

These Are the States Where Women Earn the Most Money

A new study analyzes the best and worst states for women.

Women looking to earn a healthy paycheck may want to consider a move to the East–and to the greater Washington, D.C., area in particular.

That’s according to WalletHub’s 2016 Best & Worst States for Women report, which analyzed the 50 states and the District of Columbia across 15 key metrics to determine where women in the U.S. are best off. The metrics range from median earnings to percent of women-owned businesses to the female uninsured rate.

The 10 states with the highest median earnings for female workers (adjusted for cost of living) are:

  1. District of Columbia: $34,241
  2. Virginia: $33,854
  3. Maryland: $31,975
  4. Delaware: $31,499
  5. Illinois: $30,909
  6. Minnesota: $30,415
  7. Colorado: $29,921
  8. Georgia: $29,913
  9. Indiana: $29,502
  10. Mississippi: $29.093

The 10 states with the lowest median earnings for female workers (adjusted for cost of living) are:

  1. Hawaii: $18,434
  2. Oregon: $20,137
  3. California: $22,573
  4. Montana: $22,728
  5. Maine: $23,159
  6. West Virginia: $23,162
  7. Vermont: $23,244
  8. Utah: $24,,117
  9. New York: $24,496
  10. South Dakota: $24,963

Alaska, Colorado, and Virginia have the highest share of women-owned businesses, while Vermont, Utah, and Nebraska have the lowest. The lowest unemployment rates for women are found in North Dakota, Nebraska, Minnesota and Vermont; Washington D.C., Nevada, and Mississippi have the highest unemployment rates.

But not everything is peachy in states with high median wages. While women may earn the most in places like D.C. and Delaware, they still earn 79 cents for every dollar earned by a man. New York, Hawaii, and Maryland boast the smallest wage gaps of any state, while Baltimore, Tampa, and Minneapolis are the cities with the narrowest discrepancy.

“Equal pay is the biggest issue facing women around the world,” Siri A. Terjesen, assistant professor at the Kelley School of Business at Indiana University Bloomington, told WalletHub. “Across the country the gap is substantial—certainly in some cases, equal to or greater than the rate that personal income is taxed—so gender ends up being a tax on women.”

Other experts interviewed by WalletHub pointed to affordable childcare as one of the biggest issues working women face today.

“For many women, childcare costs the same as what they make, which makes opting out of the workforce an easy choice,” Jennifer Beall, CEO of Tot Squad Baby Gear Services, said. “If the government could find ways to subsidize childcare for working parents, I think we would see more women working and making more.”

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