Special Report

The States With the Highest Minimum Wage

Source: Sean Pavone / iStock via Getty Images

40. Kansas
> Minimum hourly wage: $7.25
> Est. hourly wage needed for a family of four: $37.45 — 21st highest
> Unemployment rate, Aug 2022: 3.1% — 18th lowest
> Total population: 2,934,582 — 16th lowest

Source: Sean Pavone / iStock via Getty Images

39. Kentucky
> Minimum hourly wage: $7.25
> Est. hourly wage needed for a family of four: $34.49 — 4th lowest
> Unemployment rate, Aug 2022: 3.7% — 21st highest
> Total population: 4,509,394 — 25th lowest

Source: Sean Pavone / iStock via Getty Images

38. New Hampshire
> Minimum hourly wage: $7.25
> Est. hourly wage needed for a family of four: $37.04 — 25th highest
> Unemployment rate, Aug 2022: 2.3% — 6th lowest
> Total population: 1,388,992 — 10th lowest

Source: Kruck20 / iStock via Getty Images

37. North Carolina
> Minimum hourly wage: $7.25
> Est. hourly wage needed for a family of four: $36.37 — 17th lowest
> Unemployment rate, Aug 2022: 3.9% — 17th highest
> Total population: 10,551,162 — 9th highest

Source: DenisTangneyJr / iStock Unreleased via Getty Images

36. North Dakota
> Minimum hourly wage: $7.25
> Est. hourly wage needed for a family of four: $34.94 — 9th lowest
> Unemployment rate, Aug 2022: 2.2% — 5th lowest
> Total population: 774,948 — 4th lowest

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.