WASHINGTON — Virginia was ranked among one of the worst states for pay and cost of living, according to a recent study.
Business.org released their latest report on the top 10 best and worst states that make the best use of a person's salary.
The report compares the cost of living from each state and then ranks them from best to worst.
The study ranked each state by comparing each state’s average hourly salary and median cost of a one-bedroom apartment. Then it counted the amount of hours it would take to afford a single apartment in each state.
Virginia is ranked at number 8 on the list of worst states for pay. The median monthly wage is $40,280 while the average monthly rent for a single bedroom apartment is $1,510. According to the study, one would have to work an average of 76.9 hours in order to afford their hypothetical single apartment.
New York, Georgia, and California also ranked at number 8 for their intensifying rise of housing prices.
The majority of states that ranked for best pay are home to smaller towns and more rural areas. If anyone is looking to extend their finances, they may have to consider places like the Dakotas, Oklahoma and Arkansas.
If you would like to see the full ranking, click here.