There are bad states for making a living, and then there are the worst states for making a living. Want to guess where New Jersey ended up for 2014?
That’s right, the Garden State wasn’t so rosy for workers, sitting at No. 9 in MoneyRates.com’s survey of the worst places to work.
Here’s some of what MoneyRates had to say about New Jersey on its website: “New Jersey suffers from the usual Northeastern formula for misery: High wages are undermined by a very high cost of living. The state's unemployment rate is also fairly high, and workplace conditions are rated below average.”
This was the fourth annual survey MoneyRates has conducted. The company based its analysis on a proprietary metric known as the Compensation and Quality Factor, which considers, among other things, average salary, cost of living, employment rate and workplace conditions.
At least New Jerseyans can take comfort in the fact that New York was worse, ranked No. 2 on the list.
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