Monday, February 9, 2009

Median Incomes Do Matter - Especially In Elections

I was looking around some income data when I stumbled upon a statistically strong relationship. My results are only qualitative, but I can say with quite a bit of confidence that econometric or statistical analysis would find a strong correlation.

It seems as though, the higher a states median income, the better the chance that that state voted for the President in the November election. I have highlighted the median income numbers of each state in RED and BLUE to signify the party that state voted for.

To be completely fair, the President won by a pretty healthy margin, so it is hard to know the exact strength of the relationship at a glance. The other thing to keep in mind is geographic differences is cost of living which make a pretty big difference in the effect of that income - just ask New Yorkers.

State

Rank

Median household income (2007 dollars)

Maryland

1

68,080

New Jersey

2

67,035

Connecticut

3

65,967

Alaska

4

64,333

Hawaii

5

63,746

New Hampshire

6

62,369

Massachusetts

7

62,365

California

8

59,948

Virginia

9

59,562

Minnesota

10

55,802

Washington

11

55,591

Colorado

12

55,212

Utah

13

55,109

Nevada

14

55,062

Delaware

15

54,610

District of Columbia

16

54,317

Illinois

17

54,124

Rhode Island

18

53,568

New York

19

53,514

Wyoming

20

51,731

United States national median ($ 50,740)

Wisconsin

21

50,578

Vermont

22

49,907

Arizona

23

49,889

Georgia

24

49,136

Oregon

25

48,730

Pennsylvania

26

48,576

Michigan

27

47,950

Florida

28

47,804

Texas

29

47,548

Kansas

30

47,451

Indiana

31

47,448

Iowa

32

47,292

Nebraska

33

47,085

Ohio

34

46,597

Idaho

35

46,253

Maine

36

45,888

Missouri

37

45,114

North Carolina

38

44,670

North Dakota

39

43,753

Montana

40

43,531

South Dakota

41

43,424

South Carolina

42

43,329

Tennessee

43

42,367

Oklahoma

44

41,567

New Mexico

45

41,452

Louisiana

46

40,926

Alabama

47

40,554

Kentucky

48

40,267

Arkansas

49

38,134

West Virginia

50

37,060

Mississippi

51

36,338

SOURCE: US Census Bureau, 2007/08


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