Payday plusSky-high expenses are somewhat offset for the typical Californian thanks to their employer's generous pay.
Ponder that the state's per capita income in 2023 ranked sixth-highest at $81,300. The typical US income was $69,800 14% less.
The states with better pay than California were Massachusetts at $90,600, Connecticut at $89,900, New York at $82,300, New Jersey and Wyoming at $82,100.
At the other end of the paycheck spectrum, Mississippi had the lowest income at $49,700, followed by West Virginia ($52,800) and Alabama ($54,200), New Mexico ($55,300), and Kentucky ($55,400).
Texas was No. 24 at $66,300. Florida was No. 19 at $68,700.
The taxmanCalifornia's incomes are also challenged by the fourth-highest tax burden, according to BEA math.
California's effective tax cost for 2023 that's personal taxes paid as a share of income, per capita was 14.9% vs. the nation's 12.2% rate.
New York was No. 1 with 16.9%, followed by Massachusetts with 16% and Connecticut with 15.4%. Maryland was No. 5 with 14.2%.
Conversely, Mississippians pay the lowest taxes at 7.7% of income. Alaska follows at 7.9%, South Dakota at 8.1%, Oklahoma at 8.4%, and Tennessee at 8.5%.
Florida was 23rd highest at 11.3%, but Texas was eighth-lowest at 9.2%.
Bottom linePonder next a yardstick of a Californian's relative buying power compared with other states.
Take those lofty paychecks, minus the elevated cost of living and taxes, and you get a relative spendable income of $61,400 for each Californian in 2023. That's a middling 26th-best among the states and just $100 above the nation's $61,300.
Jonathan Lansner for the Southern California News Group.Is California living worth the costs and taxes? The Mercury News