24/7 Wall St. considered data from a number of sources, including Standard & Poor’s, the Bureau of Labor and Statistics, the U.S. Census Bureau, the Tax Foundation, Realty Trac, The Federal Bureau of Investigation and the National Conference of State Legislators. The Bureau of Labor Statistics provided unemployment data, Credit rating agency Standard & Poor’s provided credit ratings for all 50 states. The Tax Foundation provided state debt per capita for the fiscal year 2009. The FBI’s Uniform Crime Report provided violent crime rates by state. Realty Trac provided foreclosure rates. A significant amount of the data we used came from the U.S. Census Bureau’s American Community Survey. Data from ACS included percentage below the poverty line, high school completion for those 25 and older, median household income, percentage of the population without health insurance and the change in occupied home values from 2006 to 2010. These are the values we used in our survey. Once we reviewed the sources and compiled the final metrics, we ranked each state based on its performance in all the categories.
Sponsored: Tips for Investing
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.