What percentage of income can you realistically save in each state? Based on median income vs typical expenses.
| # | State | Savings Rate ▼ | Visual | Income | COL | Grade |
|---|---|---|---|---|---|---|
| #1 | Wyoming | 48% | $65,000 | 95 | A+ | |
| #2 | South Dakota | 47% | $62,100 | 91 | A+ | |
| #3 | New Hampshire | 46% | $83,300 | 112 | A+ | |
| #4 | North Dakota | 46% | $64,800 | 93 | A+ | |
| #5 | Alaska | 43% | $77,800 | 127 | A | |
| #6 | Nebraska | 43% | $66,500 | 91 | A | |
| #7 | Washington | 43% | $82,100 | 115 | A | |
| #8 | Iowa | 42% | $63,200 | 90 | A | |
| #9 | Michigan | 42% | $63,400 | 89 | A | |
| #10 | Pennsylvania | 42% | $67,600 | 94 | A | |
| #11 | Texas | 42% | $67,300 | 93 | A | |
| #12 | Illinois | 41% | $72,200 | 93 | A | |
| #13 | Indiana | 41% | $58,600 | 90 | A | |
| #14 | Kansas | 41% | $62,100 | 89 | A | |
| #15 | Missouri | 41% | $61,000 | 88 | A | |
| #16 | Ohio | 41% | $59,300 | 89 | A | |
| #17 | Tennessee | 41% | $59,700 | 91 | A | |
| #18 | Utah | 41% | $75,600 | 103 | A | |
| #19 | Arkansas | 40% | $52,100 | 84 | A | |
| #20 | Kentucky | 40% | $55,600 | 87 | A | |
| #21 | Maryland | 40% | $90,200 | 118 | A | |
| #22 | Minnesota | 40% | $77,700 | 97 | A | |
| #23 | Virginia | 40% | $80,600 | 103 | A | |
| #24 | Alabama | 39% | $56,200 | 87 | B+ | |
| #25 | Colorado | 39% | $80,200 | 105 | B+ | |
| #26 | Connecticut | 39% | $83,800 | 121 | B+ | |
| #27 | Oklahoma | 39% | $55,800 | 86 | B+ | |
| #28 | Wisconsin | 39% | $64,800 | 93 | B+ | |
| #29 | Delaware | 38% | $69,100 | 102 | B+ | |
| #30 | Massachusetts | 38% | $89,700 | 135 | B+ | |
| #31 | Montana | 38% | $60,600 | 103 | B+ | |
| #32 | Nevada | 38% | $64,200 | 104 | B+ | |
| #33 | Idaho | 37% | $62,300 | 97 | B+ | |
| #34 | Rhode Island | 37% | $71,200 | 109 | B+ | |
| #35 | West Virginia | 37% | $48,000 | 84 | B+ | |
| #36 | Arizona | 36% | $65,600 | 103 | B+ | |
| #37 | Louisiana | 36% | $52,300 | 91 | B+ | |
| #38 | North Carolina | 36% | $61,000 | 95 | B+ | |
| #39 | Mississippi | 35% | $46,500 | 83 | B+ | |
| #40 | New Jersey | 35% | $87,700 | 121 | B+ | |
| #41 | New Mexico | 35% | $53,000 | 91 | B+ | |
| #42 | Georgia | 34% | $63,400 | 93 | B | |
| #43 | Maine | 34% | $63,200 | 109 | B | |
| #44 | Florida | 33% | $63,100 | 103 | B | |
| #45 | South Carolina | 33% | $56,200 | 92 | B | |
| #46 | Oregon | 31% | $71,200 | 113 | B | |
| #47 | Vermont | 31% | $63,400 | 110 | B | |
| #48 | California | 29% | $84,900 | 142 | C | |
| #49 | New York | 28% | $75,900 | 139 | C | |
| #50 | Hawaii | 19% | $84,900 | 190 | F |
Based on our analysis of savings rates across all 50 states, Wyoming ranks #1 with 48%, while Hawaii ranks last at 19%. The national average is 38%.
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: 29%. This means your choice of state can make a dramatic difference in your savings rates. Use our savings goal calculator to run the numbers for your specific situation.
Wyoming ranks #1 with 48%. South Dakota and New Hampshire round out the top 3.
Hawaii ranks last (#50) with 19%. New York and California are also among the worst.
The average across all 50 states is 38%. The median is 39%.
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.