Why It’s Frugal to Live in Colorado

This is part of a series here at Ultimate Money Blog. I’m featuring fun money facts about all 50 states in America and why it is frugal to live in that particular state. Here are the states we’ve covered so far:
Alabama
Alaska
Arizona
Arkansas
California

Colorado is one of my favorite states in the U.S., if not my absolute favorite state. There are so many things that make it wonderful- the scenery, the people, and things to do. Why is it frugal to live in Colorado? Let’s find out.

Nick and Craig on the lift
Creative Commons License photo credit: Ed.ward

-Colorado is know for its beautiful ski resorts.  There are are over 26 different ski resorts in Colorado.  No matter where you live in the state, there’s always skiing or snowboarding fairly close by.  No vacation needed!  For a discounted ski lift tickets, you can purchase a Colorado Pass, which allows you to ski at various ski resorts.

IMG_4447
Creative Commons License photo credit: griffhome

-Colorado’s natural beauty is free to enjoy through hiking, driving, and even cross country skiing.  There are so many different areas in Colorado to explore, and a lot of the activities are free!  You can’t beat the camping and hiking in Colorado!

-In Boulder (which is coincidentally my favorite city!), there are many environmentally conscious people.  Many people are into urban homesteading and creating mini farms.

-Real estate in Colorado seems to be a good investment.  Despite the turmoil in the real estate markets over the past few years, the house values in Colorado have decreased at a pretty small amount compared to other states, and prices seem to be on the rebound.

Touring with Canon IXY 30S
Creative Commons License photo credit: 246-You

-If you’re a beer connoisseur, you’ll be pleased to know that Colorado has the highest number of microbreweries per capita out of any state. Cheap beer!

-The weather in Colorado is normally sunny.  They receive over 300 days of sunshine each year.  More sunshine=happier people=less depression.

Ow.
Creative Commons License photo credit: WhitA

-Colorado is a tourist destination.  If you’re in the hospitality field, this may be a great place for you to get a job (especially in the winter!).

-The current unemployment rate in Colorado is 8.3%, which is less than the US average.

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Why It’s Frugal to Live in California

Behind The Hollywood Sign
Creative Commons License photo credit: Astig!!

This is part of a series here at Ultimate Money Blog. I’m going to be featuring fun money facts about all 50 states in America and why it is frugal to live in that particular state. Here are the states we’ve covered so far:
Alabama
Alaska
Arizona
Arkansas

Why is is frugal to live in California? It’s not! Just kidding- certainly there are reasons it is frugal to live in California. Let’s find out why.

-California has a range of vast outdoor activities; in fact you can swim, ski, and hike all in the same state! How cool is that?

-If you’re obsessed with celebrities and your favorite past time is stalking celebrity houses, you can drive around Los Angeles and have entertainment for just the cost of gas.

-The price of real estate in California has dropped significantly in the past couple years.  It’s still not cheap by any means, but it’s much more affordable than it has been in the past.

-The weather in California is pretty mild all year round.  In the lower part of the state, you probably won’t experience cold weather, so that means a lower electric bill!

Golden Gate Bridge
Creative Commons License photo credit: AmandaBreann

-California is a tourist destination.  If you’re a California resident, you can be a tourist in your own state.  You could visit the Golden Gate bridge, Bubblegum alley, Lake Tahoe, or even Angora Lake.  If you’re feeling less frugal, you could visit Knott’s Berry Farm, Disney Land, or Six Flags.

-If you’re into technology or acting, California would be the place to seek unemployment.

-Depending on where you live in California, public transportation may be a viable option.  You can choose from light rail, subway, and intercity bus transportation.

Hmmm... what are the odds?
Creative Commons License photo credit: vvvracer

-You have a higher chance at winning the lottery.  In Baker, CA The Country Store has sold more winning California State Lottery tickets in the state than any other establishment.

-California is the most populous state.  If you’re single, this would be a fabulous place to find a mate.

– If you like painting, you could be employed as a Golden Gate Bridge painter.  The bridge is so big that painters paint the bridge year round.  By the time they get finished, they have to start all over again at the other end.

Do you have any other ideas on why it’s frugal to live in California?  Would you consider moving there?

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Why It’s Frugal to Live in Arkansas

Fish On
Creative Commons License photo credit: Adam K. Walker

This is part of a series here at Ultimate Money Blog. I’m going to be featuring fun money facts about all 50 states in America and why it is frugal to live in that particular state. Here are the states we’ve covered so far:
Alabama
Alaska
Arizona

When I think of Arkansas, I think of banjos playing. No offense to anyone that lives there, it’s just the first thing that comes to mind. It’s President Bill Clinton’s home state, Ozark Mountains and Hot Springs National Park is located there, and the Duggars live in Tontitown.  What makes Arkansas a frugal state?  Let’s find out.

field in motion
Creative Commons License photo credit: GollyGforce is slipping on learning curve…:(

Economy

In 2004, the average income per household was $35,295. Located in Bentonville, Arkansas are the Wal-mart headquarters. Many residents are employed by Wal-mart, Tyson Foods, and J.B. Hunt. All three companies are currently headquartered in the state. Arkansas is dubbed “The Natural State”, and draws many visitors in each year, making tourism a large part of Arkansas’ economy. The state’s agricultural production contains soybeans, cattle, cotton, hogs, poultry, eggs, rice, and milk.

GMC Camper
Creative Commons License photo credit: MSVG

Taxes

Arkansas has a state income tax ranging from 1.0%-7.0%.  Retirees don’t have to pay taxes on social security, so this would make Arkansas a great state to retire to!  In addition to the state tax, there are more than 300 local taxes.

One of theses days...
Creative Commons License photo credit: Just a Prairie Boy

Employment

Farming, education, and automobile parts manufacturing are popular careers in Arkansas.  If you’re interested in working for Wal-mart, Arkansas may peak your interest.

Autumn in Arkansas
Creative Commons License photo credit: OakleyOriginals

Housing Costs

The most inexpensive place to live in Arkansas may be in Fort Smith.  There you can pick up a house for around $91,000 (source).

Miscellaneous

If you’re a huge Wal-mart fan (or Bill Clinton, or the Duggars), you may want to relocate to Arkansas.  Full of natural beauty, farming, and lots of land, you just may find yourself at home.

Do you have any other ideas on why it’s frugal to live in Arkansas?  Would you consider moving there?

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