MoneyRates.com has ranked Virginia the “Best State to Make a Living” in its annual study , beating out Washington state, Texas and Illinois to snag the top spot.
The ranking considers four factors: Average Income, which increased in Virginia over the past year; Cost of Living based on ACCRA Cost of Living Index, which slightly decreased; Unemployment Rate, which decreased; and State Income Tax, which stayed the same.
Last year, Virginia ranked No. 4.
It’s refreshing to see the Old Dominion score so well, especially after the State Integrity Investigation project, in which it scored an “F” for government transparency and accountability.
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