Sentences with phrase «against median family income»

For instance, some states such as New Jersey, New York and Louisiana have high insurance costs, especially when measured against median family income, yet their uninsured motorist rates were 12 percent or less at the time of the study.

Not exact matches

It is important to remember that the means test calculates median income based on household size, so if your household is larger than a single individual, your median income will be compared against a family with a similar headcount.

Methodology: GOBankingRates surveyed all 50 states, analyzing eight data points that served as determining factors in the ranking: (1) median household income, sourced from the Census Bureau in 2015 dollars; (2) median home listing price as of June 2017, sourced from Zillow; (3) food spending, using the grocery index sourced from Missouri Economic Research and Information Center and multiplying it against the average amount spent on food from the BLS consumer spending survey from July 2015 - July 2016; (4) employee health insurance premium contribution, sourced from the Commonwealth Fund; (5) annual child care costs for an infant and a 4 - year - old, sourced from Child Care Aware of America; (6) whether the state offers paid time - off for family leave; (7) whether the state has expanded the earned - income Tax Credit at the state level; (8) whether the state expanded Medicaid coverage as part of the Affordable Care Act.