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Article: The Best and Worst States for Your Money in 2017 | GOBankingRates
Summary:
Alabama is the best state for your money (projected for 2017) because of the highest median interest rate on a savings account, with the highest possible rate at 3% for both checking and savings! The median CD interest rate is 0.5% along with the 3rd highest checking rate in the country.
Non article info:
As the only state with all of the natural resources needed to make steel, the foreign automotive manufacturing industry is heavily favored in Alabama. Mercedes Benz chose AL as its only US based manufacturing center, as well as Honda, Toyota and Hyundai now having plants there. One of the highest rated SUVs, the Honda Pilot, is made in AL.
On top of a booming automotive manufacturing industry, AL also has ties with NASA via Huntsville and the Red Stone Arsenal. If you are a budding "rocket scientist," AL is a great place to start your career. The Saturn V rockets that put the Apollo missions on the moon were made in AL!
The University of Alabama at Birmingham (UAB) is one of the top medical schools and rehab/physical therapy centers in the country. Many pro athletes go to UAB for injury evaluation, surgery and recovery.
The Alabama Crimson Tide football team is one of the best in the country year after year, with recent years developing into a dynasty full of SEC and national championships.
Property tax is rather low in AL. Outside of major metro areas like Birmingham, Huntsville, Montgomery and Mobile, it is not uncommon for yearly property tax to be under $500 for houses that are 2,400+ sq./ft. and sit on 1+ acres.
Birmingham, AL. is a central hub for the state and the southeast. I-59, I-20 and I-65 all pass through it. Atlanta, GA. is about a 2 hour drive from there.
AL has beaches on the Gulf, mountains from the Appalachians, numerous lakes and rivers, great fishing and hunting, caves, parks, and camp grounds.
Some retirees have chosen AL as their final destination because of how far the dollar stretches. They build homes like this one near lakes:
Summary:
Alabama is the best state for your money (projected for 2017) because of the highest median interest rate on a savings account, with the highest possible rate at 3% for both checking and savings! The median CD interest rate is 0.5% along with the 3rd highest checking rate in the country.
Non article info:
As the only state with all of the natural resources needed to make steel, the foreign automotive manufacturing industry is heavily favored in Alabama. Mercedes Benz chose AL as its only US based manufacturing center, as well as Honda, Toyota and Hyundai now having plants there. One of the highest rated SUVs, the Honda Pilot, is made in AL.
On top of a booming automotive manufacturing industry, AL also has ties with NASA via Huntsville and the Red Stone Arsenal. If you are a budding "rocket scientist," AL is a great place to start your career. The Saturn V rockets that put the Apollo missions on the moon were made in AL!
The University of Alabama at Birmingham (UAB) is one of the top medical schools and rehab/physical therapy centers in the country. Many pro athletes go to UAB for injury evaluation, surgery and recovery.
The Alabama Crimson Tide football team is one of the best in the country year after year, with recent years developing into a dynasty full of SEC and national championships.
Property tax is rather low in AL. Outside of major metro areas like Birmingham, Huntsville, Montgomery and Mobile, it is not uncommon for yearly property tax to be under $500 for houses that are 2,400+ sq./ft. and sit on 1+ acres.
Birmingham, AL. is a central hub for the state and the southeast. I-59, I-20 and I-65 all pass through it. Atlanta, GA. is about a 2 hour drive from there.
AL has beaches on the Gulf, mountains from the Appalachians, numerous lakes and rivers, great fishing and hunting, caves, parks, and camp grounds.
Some retirees have chosen AL as their final destination because of how far the dollar stretches. They build homes like this one near lakes:
