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A Yahoo search for "federal cost of living index" reveals more than 700 million results pages. Yet, few people know what it means. The term refers to a system of calculating the varying cost of something over time and between geographical regions.
This information is designed to give us some idea of how a state compares to other states, in terms of the expenses involved in residing there. But certain economic factors, like state sales tax and housing costs, don't correlate too strongly with data shown on the cost of living index.
FEDERAL COST OF LIVING INDEX BY STATE is a measure of living expenses for a state's residents, as compared to other states, and to the national average. This page also gives info on housing cost by state.
PERSONAL INCOME BY STATE shows your state's minimum wage and other income demographics. Also provides a free printable resume template.
POVERTY STATS provides a list of the percentage of people in each state living below the poverty line.
UNEMPLOYMENT gives current unemployment statistics for every state.
SALES TAX shows a list of states, and the basic sales tax rate for each state.
USA JOBS is a page of useful web addresses containing various job descriptions, along with ways to apply online.
Just for fun, visit STATE QUARTERS for a descriptive list of the only set of state-specific coins ever minted in the U.S.
The United States economy has been the world's largest national economy since the 1870s. The country's total income in 2010 was estimated at 14.7 trillion dollars. Roughly thirteen percent of it comes from foreign investments.
America's main economic industries are petroleum, steel, automotive, aerospace, telecommunications, chemicals, creative industries, electronics, food processing, consumer goods, lumber, mining and defense.
Click on any of the links on this page to make your own assessments about the United States economy.