New York Ranks No. 13 Best State To Live: Report

A new study by 24/7 Wall St. has ranked America’s Best and Worst States to Live In and New York comes in at No. 13.

The website reviewed statewide social and economic factors to rank each state’s living conditions. Massachusetts, one of the nation’s wealthiest and most highly educated populations, leads the nation. Connecticut came in at No. 2. Mississippi, the poorest state in the country, came in last.

Click here to see how all 50 states compare in quality of life.

The report used education, housing markets and income level in each state to come up with the results.

Here are New York’ key statistics, according to 24/7 Wall St.:

• 10-yr. population growth: 5.8% (10th lowest)
• 2014 unemployment rate: 6.3% (20th highest)
• Poverty rate: 15.9% (19th highest)
• Life expectancy at birth: 80.5 years (5th highest)

The website wrote the following about the Empire State:

“As is the case in many of the most livable states, residents are more likely to earn higher incomes and less likely to be poor. A typical New York household earns $58,878 each year, the 16th highest annual median household income in the nation. In addition to having wealthier residents, the state has one of the highest concentrations of attractions and amenities in the country, including the most libraries, theater companies, and bars per capita of any state. As in other states with the top living conditions, demand for housing is often very high, which tends to drive up home values. A typical home in New York is valued at $279,100, well above the national median home value of $181,200. Crime is not a major problem in the state, but it is also not unusually rare. New York’s violent crime rate of 381.8 per 100,000 residents is similar to the national rate of 365.5 incidents per 100,000 residents.”

Read more here: America’s Best and Worst States to Live In - 24/7 Wall St.

Times Square photo via Flickr Creative Commons