Rank | State | GSP (millions) | Debt | Homicide Rate | GSP/(Debt*HR) |
1 | New Hampshire | 64,697 | 18,425,567 | 1.1 | 3,192 |
2 | Iowa | 152,436 | 37,783,060 | 1.5 | 2,690 |
3 | Vermont | 27,296 | 7,866,666 | 1.3 | 2,669 |
4 | Nebraska | 99,557 | 13,139,045 | 2.9 | 2,613 |
5 | Idaho | 58,243 | 15,094,322 | 1.8 | 2,144 |
6 | Utah | 130,486 | 35,727,752 | 1.8 | 2,029 |
7 | Wisconsin | 261,548 | 45,026,643 | 3.0 | 1,936 |
8 | Minnesota | 294,729 | 85,879,526 | 1.8 | 1,907 |
9 | South Dakota | 42,464 | 7,707,458 | 3.0 | 1,836 |
10 | Massachusetts | 403,823 | 129,550,263 | 1.8 | 1,732 |
11 | Maine | 53,656 | 16,717,250 | 1.9 | 1,689 |
12 | Wyoming | 38,422 | 9,951,523 | 2.4 | 1,609 |
13 | Washington | 375,730 | 89,579,477 | 3.0 | 1,398 |
14 | Indiana | 298,625 | 46,377,635 | 4.7 | 1,370 |
15 | Virginia | 445,876 | 91,339,102 | 3.8 | 1,285 |
16 | North Dakota | 46,016 | 9,263,742 | 4.0 | 1,242 |
17 | Kansas | 138,953 | 39,025,693 | 2.9 | 1,228 |
18 | Tennessee | 277,036 | 41,049,738 | 6.0 | 1,125 |
19 | Colorado | 274,048 | 86,879,414 | 3.1 | 1,018 |
20 | Oregon | 198,702 | 86,678,268 | 2.4 | 955 |
21 | Montana | 40,422 | 15,769,183 | 2.7 | 949 |
22 | Texas | 1,397,369 | 340,944,239 | 4.4 | 931 |
23 | New York | 1,205,930 | 387,465,667 | 3.5 | 889 |
24 | North Carolina | 455,973 | 107,580,297 | 4.9 | 865 |
25 | Rhode Island | 50,956 | 18,863,153 | 3.2 | 844 |
26 | Arizona | 266,891 | 61,082,635 | 5.5 | 794 |
27 | Florida | 777,164 | 197,871,611 | 5.2 | 755 |
28 | Hawaii | 72,424 | 46,100,856 | 2.1 | 748 |
29 | West Virginia | 69,380 | 24,972,461 | 3.9 | 712 |
30 | Delaware | 65,984 | 15,991,093 | 6.2 | 666 |
31 | Oklahoma | 160,953 | 44,151,947 | 5.7 | 640 |
32 | Georgia | 433,569 | 115,193,862 | 5.9 | 638 |
33 | Pennsylvania | 600,897 | 184,903,767 | 5.4 | 602 |
34 | Nevada | 133,584 | 52,838,629 | 4.5 | 562 |
35 | New Jersey | 508,003 | 213,933,875 | 4.4 | 540 |
36 | Maryland | 317,678 | 94,211,004 | 6.3 | 535 |
37 | Missouri | 258,832 | 76,489,010 | 6.5 | 521 |
38 | California | 2,003,479 | 777,918,403 | 5.0 | 515 |
39 | Connecticut | 229,317 | 112,372,072 | 4.1 | 498 |
40 | Arkansas | 109,557 | 37,704,936 | 5.9 | 492 |
41 | Kentucky | 173,466 | 86,245,730 | 4.5 | 447 |
42 | Alaska | 51,859 | 29,780,396 | 4.1 | 425 |
43 | Michigan | 400,504 | 142,668,026 | 7.0 | 401 |
44 | Alabama | 183,547 | 68,343,597 | 7.1 | 378 |
45 | Illinois | 695,238 | 321,354,115 | 5.8 | 373 |
46 | Ohio | 509,393 | 321,340,764 | 4.3 | 369 |
47 | South Carolina | 176,217 | 71,105,557 | 6.9 | 359 |
48 | New Mexico | 80,600 | 50,137,504 | 5.6 | 287 |
49 | Louisiana | 243,264 | 83,280,815 | 10.8 | 270 |
50 | Mississippi | 101,490 | 54,686,815 | 7.4 | 251 |
Friday, March 14, 2014
Best States To Live In
This is the first of a
two-part series on the best place to live. Here I will rank the states
according to just two criteria: the ratio of debt to gross state
product, and homicide rate.
Unlike some other ranking systems, I wanted to use criteria that is
completely objective, and criteria that actually measures how moving to
the place is likely to affect you. For comparison, the American Human Development Index
ranks states by health, education, and income. I don't think this
criteria is bad, but just because other people in a state are healthy
and rich doesn't mean that you will become healthy and rich just by
moving there. A states debt can be expected to impact the level of
government services you will receive relative to the amount of taxes you
will pay. I used 'total state debt', which includes unfunded pension liability. I obtained gross state product from the Bureau of Economic Analysis.
Many people discuss crime rate, but I use homicide rate because it is a
more reliable figure. Crime rate can be influenced by differences in
reporting rates, and in differences in what is considered a crime from
one location to another. Homicide has a nearly 100% reporting rate.
While most people don't think of homicide as something they are
seriously at risk of, it correlates with other crime that is more
common. In the table the 2012 rate per 100,000 population is expressed.
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