States With the Lowest Tax Burdens

Regarding unemployment and livability, Florida is one of the more expensive states, especially due to its warm climate, beautiful beaches, and great job opportunities. Housing, transportation, and groceries are some of the most expensive things, with housing prices doubling or tripling the average prices. When it comes to unemployment, Florida has low unemployment of 3,2%. Most Floridians work in tourism, construction, banking, biomedical and life sciences, healthcare research, food and accommodation, retail, etc. If you long for beautiful beaches and hot weather and do not mind paying a bit more for a nice house or apartment, moving to Florida with the help of the best interstate movers Florida might be your best move!

Colorado might be a suitable option

Colorado is a mountain state in the Western part of the United States. Although it is one of the bigger states, it is not as populated. Colorado only has circa 5 million residents, with most of them living in bigger cities such as Denver, Aurora, Fort Collins, Lakewood, Thornton, Pueblo, etc. Colorado is one of the states with the lowest tax burdens. The income tax is only 4.5%, which is lower compared to other states, such as California, which has an income tax of 14%. Colorado also has a higher median household and average individual income than most other states. The median personal income is circa 40 000$. The median income is around $75,231. According to statistics, the median household income in Colorado varies:

• $25k- 14% residents
• $25-$44k- 15% residents
• $45-$74k- 21% of residents
• $75-$149k- 32% of residents
• $150k+ – 18% of residents

Colorado is a state with a lower unemployment rate. Around 3% of residents are unemployed, and the poverty rate is only 9,5%. Most of its residents work in scientific research, high-technology industries, the food and accommodation industry, agriculture, finance, construction, etc. Also, in the last couple of years, tourism has been blooming. Lastly, livability in Colorado depends on the city you choose. However, most rural places are more affordable when it comes to housing. Nevertheless, living in Colorado is affordable, especially considering quite a low-income tax. If you wish to move to Colorado, hiring any of our best cross country movers in Colorado will be a great decision.

Indiana is one of the states with the lowest tax burdens

Indiana is a great choice for those looking for states with the lowest tax burdens. It is in the Midwestern United States. Indiana is one of the smallest states but ranked the 17th most populous American state. Indiana has around 6 500 000 residents, most of whom live in bigger cities such as Indianapolis, Fort Wayne, Evansville, South Bend, Carmel, and Fishers. Its income tax rate is only 3.23%. Although its median household and individual incomes are lower than average in the USA, its liability and affordability contribute to an affordable lifestyle. A median Household Income is $58,230, while the median individual income is $30,902. When it comes to average annual salaries, residents of Indiana usually earn:

• <$25k- 19% residents
• $25-$44k- 19% of residents
• $45-$74k- 23% of residents
• $75-$149k- 28% of residents
• $150k+ – 10% of residents

Unemployment in Indiana is only 3.2%, with a bit higher percentage of homeless, around 13%. Most residents in Indiana work in heavy manufacturing, food, and accommodation, agriculture, pharmaceutical and medical industry, education, etc. Generally, Indiana is known for exporting medical and optical equipment and heavy machinery. Although a smaller state, it offers a huge number of opportunities for those who decide to relocate there with the help of the best cross country movers Indiana.

Consider relocating to North Dakota

North Dakota is a state most might not think of when choosing a new home, but it’s one of the most affordable states to live in. North Dakota is an upper Midwest state with circa 770 000 residents. It’s the 3rd least populated state in the USA, but with lots of potentials. North Dakota’s two biggest cities are its capital Bismarck and Fargo. North Dakota has an income tax of 2.9%.

This state has a high median household income of $65,315, which is more than the national average. Individual income is 36 000$, which is almost 4000$ higher than the national average. More than 50% of its residents earn between $45k and $149k, and only 18% live with less than 25k per year. North Dakota also has a low unemployment rate of 2%, which is one of the reasons you might want to relocate here with the help of the best interstate movers Bismarck has to offer.

The homelessness rate is a bit higher- it’s circa 10%. North Dakota is one of the most affordable states to live in. Housing prices are more than affordable. Moreover, you can find a 4-bedroom house for 250 000$. Excellent living conditions, great job offers, and low-income tax are reasons moving to North Dakota has become a trend in the last few years. Most newcomers get employed in agriculture, food processing, mining, food and accommodations, energy development, and construction. If you work in any of the following industries and are looking for a new home, moving to North Dakota with the help of our interstate movers North Dakota should be your next step!

Which state to choose?

Choosing one specific state before moving might not be an easy task. You might have one specific that suits you the most, but most people usually have 2 or 3 favorites. What can help you determine the right choice? Your needs and wishes! If you prefer cold weather, moving to Alaska with the help of our residential movers is more than advisable. However, if you like hot weather, Texas and Florida are your best choices! As you can tell, each of these states is different in its way. From demographics, topography, and history to livability and laws.

Those are all the information to consider before opting for a final choice. Look into livability, safety, neighborhoods, topography, climate, if they are prone to natural disasters, unemployment, poverty rate, job offer, etc. If you are moving with your children, looking into safety, transportation, and the educational system is more than vital. If all of those factors align with your needs and requirements, check out the reviews of people who lived there, or are currently living in that state. That can give you a better insight into living in a specific city, province, or state.

Moving to states with no income tax

All in all, moving to any of the states with the lowest tax burdens will greatly benefit your wallet. Alaska, Texas, Florida, North Dakota, Wyoming, and many more are all great options. Most of these states are more than affordable to live in, except the state of Florida and some cities in Texas. Moreover, most of these states have affordable housing prices, which are usually lower than the national average. With moving to another place come advantages and disadvantages. When moving to a smaller, less populous state or city, you might need to pay more for transportation and might not have as many job-related opportunities. However, they are usually perfect for those looking for peace,

On the other hand, moving to a bigger city or state usually come with competitiveness, especially when searching for a job. One of the obvious disadvantages is pollution, traffic jams, and less affordable liability. However, living in a larger place gives you better job opportunities. Before you opt for any of the states, do a bit of research or even visit them to get the best possible information source. You might even fall in love with the place as soon as you see it! Good luck, and we sig you the best of luck!