Why it’s Frugal to live in Arizona

Sabino Canyon
Creative Commons License photo credit: SearchNetMedia

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

Valley of the Sun
Creative Commons License photo credit: Ms. Phoenix

Economy

Arizona’s economy is interesting in the fact that it relies on its lovely climate as a main factor.  Crops and livestock contribute, and it’s about a 50/50 split between the two.  Lettuce, cotton, cantaloupes, barley, potatoes, and wheat are all main crops grown in the state.  Cattle and dairy farming make up the other 50%.

Tourism and retirees help bring the bucks to the Grand Canyon State.  With a plethora of sunshine, dry heat, and beautiful scenery, who wouldn’t want to visit Arizona?

Deer in Sabino Canyon
Creative Commons License photo credit: SearchNetMedia

Taxes

Arizona collects personal income taxes in five different brackets, ranging from 2.87% to 5.04%.  The sales tax is around 6.3%. The state of Arizona doesn’t tax food for consumption, or drugs that have been prescribed by a licensed physician.

How much can you bench?
Creative Commons License photo credit: rezsox

Employment

Arizona’s largest employer is the United States government, followed by Wal-mart.  Interesting!  If you’re looking for a career in hospitality, Arizona may be the state to go to due to the high volume of tourism.

DSC_0589
Creative Commons License photo credit: Orygynyl Photography

Housing Costs

A frugal place to buy a house may be Tempe, Arizona, where you can buy a house for around $150,000.  Of course, the further you are willing to live away from a city, the better the housing costs will be!

20100222_MG_0258
Creative Commons License photo credit: ocean yamaha

Miscellaneous

Arizona would be a frugal place to live in the winter, as you most likely won’t have a huge heating bill. 🙂  If you’re a fan of raw vegan foods, you can find an abundance of citrus and vegetables here!  All in all, I think Arizona would be a fabulous place to live if you do not like cold at all.  I can say that it wouldn’t be frugal to live there in the summer with the air conditioning bills!

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

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Why it’s Frugal to Live in Alaska

image from US Mint

This is part two 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

Ahh, Alaska.  When I picture Alaska, I see running streams, fishing towns, bears, flying salmon, and cute little cabins.  I can smell the fresh, clean air.  Alaska is a state I’d love to spend some time in.  What makes living in Alaska frugal?  Let’s find out.

Economy

Pt. Mackenzie
Creative Commons License photo credit: njwilson23

Alaska’s economy heavily relies on its natural resources. Prudhoe Bay, which is North America’s largest oil field, resides on Alaska’s North Slope.  The state ranks number one in oil production. After oil, Alaska’s second highest export is seafood, unsurprisingly. They export salmon, crab, Pollock, and cod.

Many people who live in Alaska hunt and fish.  They have access to organic, free range moose and bears, and that helps cut down on their grocery budget.  Alaskans also consume a lot of salmon, which is high in omega fatty acids, and very nutritious.

Taxes

Pioneers View of the snowy pink and blue Chugach Range Anchorage Alaska USA
Creative Commons License photo credit: Wonderlane

Alaska can boast that it has the lowest tax burden of any state in the United States of America. They are one of seven states that does not have an individual income tax, one of only five states with no sales tax, and one of two states that has neither of them. There are local sales taxes, though, and they typically range from 3-5%. I think that’s fantastic!

Employment

55 flying fish
Creative Commons License photo credit: smichal

Not surprisingly, Alaska’s main sources of employment are in natural resources and government jobs. Lots of fishermen are also needed to help catch the salmon for export.  Hospitality is also a good field to get into, as Alaska relies on tourism to help support its economy as well.  Unemployment is right around 8.8% in Alaska currently.

Housing Costs

Inside
Creative Commons License photo credit: bradley j

If you choose to live in Denali, you can expect to pay around $149,950 for a single family home. I think Alaska would be the perfect place to live in a yurt!  Of course, the average home price in Juneau is $333,961, so don’t be fooled by Denali’s low house prices!

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

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Why it’s Frugal to Live in Alabama

image from US Mint
This is part one of a new 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.

What do you picture when you hear about the state of Alabama? Is it banjos, warm weather, and the ocean? There’s more to Alabama than that! Alabama is a great place to live for frugal people for many reasons.

Economy

Alabama’s economy heavily relies on agriculture. They produce cattle, poultry, eggs, corn, sorghum, grains, and peaches. Cotton is one of the main crops, and Alabama is also known as “The Cotton State”.

Their industrial economy produces steel, iron, paper, lumber, and even some aerospace products.

Taxes

The state’s general sales tax sits at 4%, which I think is fabulous! However, there may be city and/or county taxes, so don’t too excited.

Employment

The current unemployment rate in Alabama is 11%.  If you are interested in a career in banking, auto manufacturing, or telecommunications, you may want to move to Alabama.

Housing Costs

One of the most affordable areas to live in Alabama is Florence-Muscle Shoals, where the average house price is just $97,000. Wow!

Do you live in Alabama?  Would you ever consider moving there?


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