How much can you save each month in your state? Based on median income minus typical expenses.
| # | State | Monthly Savings ▼ | Visual | Income | COL | Grade |
|---|---|---|---|---|---|---|
| #1 | New Hampshire | $3,227/mo | $83,300 | 112 | A+ | |
| #2 | Maryland | $3,040/mo | $90,200 | 118 | A+ | |
| #3 | Washington | $2,929/mo | $82,100 | 115 | A | |
| #4 | Massachusetts | $2,839/mo | $89,700 | 135 | A | |
| #5 | Alaska | $2,802/mo | $77,800 | 127 | A | |
| #6 | Connecticut | $2,693/mo | $83,800 | 121 | A | |
| #7 | Virginia | $2,665/mo | $80,600 | 103 | B+ | |
| #8 | Wyoming | $2,605/mo | $65,000 | 95 | B+ | |
| #9 | Utah | $2,603/mo | $75,600 | 103 | B+ | |
| #10 | Colorado | $2,586/mo | $80,200 | 105 | B+ | |
| #11 | New Jersey | $2,564/mo | $87,700 | 121 | B+ | |
| #12 | Minnesota | $2,563/mo | $77,700 | 97 | B+ | |
| #13 | Illinois | $2,477/mo | $72,200 | 93 | B+ | |
| #14 | North Dakota | $2,470/mo | $64,800 | 93 | B+ | |
| #15 | South Dakota | $2,454/mo | $62,100 | 91 | B+ | |
| #16 | Nebraska | $2,381/mo | $66,500 | 91 | B | |
| #17 | Pennsylvania | $2,371/mo | $67,600 | 94 | B | |
| #18 | Texas | $2,357/mo | $67,300 | 93 | B | |
| #19 | Iowa | $2,222/mo | $63,200 | 90 | B | |
| #20 | Rhode Island | $2,222/mo | $71,200 | 109 | B | |
| #21 | Michigan | $2,203/mo | $63,400 | 89 | B | |
| #22 | Delaware | $2,161/mo | $69,100 | 102 | B | |
| #23 | Kansas | $2,114/mo | $62,100 | 89 | B | |
| #24 | Wisconsin | $2,103/mo | $64,800 | 93 | C | |
| #25 | Missouri | $2,085/mo | $61,000 | 88 | C | |
| #26 | Tennessee | $2,038/mo | $59,700 | 91 | C | |
| #27 | Ohio | $2,027/mo | $59,300 | 89 | C | |
| #28 | California | $2,025/mo | $84,900 | 142 | C | |
| #29 | Indiana | $2,025/mo | $58,600 | 90 | C | |
| #30 | Nevada | $2,018/mo | $64,200 | 104 | C | |
| #31 | Arizona | $1,952/mo | $65,600 | 103 | C | |
| #32 | Idaho | $1,925/mo | $62,300 | 97 | C | |
| #33 | Montana | $1,906/mo | $60,600 | 103 | C | |
| #34 | Kentucky | $1,862/mo | $55,600 | 87 | C | |
| #35 | Oregon | $1,850/mo | $71,200 | 113 | C | |
| #36 | Oklahoma | $1,834/mo | $55,800 | 86 | C | |
| #37 | North Carolina | $1,826/mo | $61,000 | 95 | D | |
| #38 | Maine | $1,811/mo | $63,200 | 109 | D | |
| #39 | Alabama | $1,808/mo | $56,200 | 87 | D | |
| #40 | Georgia | $1,808/mo | $63,400 | 93 | D | |
| #41 | New York | $1,794/mo | $75,900 | 139 | D | |
| #42 | Florida | $1,731/mo | $63,100 | 103 | D | |
| #43 | Arkansas | $1,715/mo | $52,100 | 84 | D | |
| #44 | Vermont | $1,663/mo | $63,400 | 110 | D | |
| #45 | Louisiana | $1,564/mo | $52,300 | 91 | D | |
| #46 | New Mexico | $1,564/mo | $53,000 | 91 | D | |
| #47 | South Carolina | $1,538/mo | $56,200 | 92 | F | |
| #48 | West Virginia | $1,477/mo | $48,000 | 84 | F | |
| #49 | Mississippi | $1,371/mo | $46,500 | 83 | F | |
| #50 | Hawaii | $1,367/mo | $84,900 | 190 | F |
Based on our analysis of savings potential across all 50 states, New Hampshire ranks #1 with $3,227/mo, while Hawaii ranks last at $1,367/mo. The national average is $2,145/mo.
States with no income tax (Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington, Wyoming) generally perform well on affordability metrics due to higher effective take-home pay.
The gap between the best and worst state is significant: $1,860/mo. This means your choice of state can make a dramatic difference in your savings potential. Use our savings goal calculator to run the numbers for your specific situation.
New Hampshire ranks #1 with $3,227/mo. Maryland and Washington round out the top 3.
Hawaii ranks last (#50) with $1,367/mo. Mississippi and West Virginia are also among the worst.
The average across all 50 states is $2,145/mo. The median is $2,038/mo.
This data is calculated using the latest available median income, housing prices, cost of living indices, tax rates, and expense data for each state. Our methodology uses consistent formulas applied to all 50 states for fair comparison.