This article was originally published on Starandstyle.com
Despite being part of the same nation, the average income and living standards vary significantly across the 50 states. Maryland boasts the highest median household income, starkly contrasting with the lower earnings in the poorest states. With a national poverty rate of 10.5% and median income at $68,703, the poorest states in America fall noticeably below these figures. This list spotlights the 25 states struggling the most financially, offering insights and tips to potentially elevate your earnings.
#25: Iowa
Median income per household: $60, 523
Rate of poverty: 11.2%
Iowa’s economy, heavily reliant on manufacturing and agriculture, has recently faced challenges. The 2019 trade war significantly affected corn and soybean demand, while unpredictable weather continues to pose risks to its agricultural sector.
Despite a seven-month drop in unemployment rates, a decrease in Iowa’s labor force to its lowest since 1977 suggests people are moving elsewhere for jobs. Nearly 70% of emigrants cite employment as their primary reason, per United Van Lines data.