Indiana Reports 11th Lowest Wages for New Hires
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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowAccording to the latest data from the U.S. Census Bureau, Indiana is reporting the 11th lowest wages for new hires. The analysis from Texas-based Self Financial Inc. found that new hires in Indiana are averaging a cost-of-living adjusted $2,917 per month, compared to the $3,266 monthly national average.
According to the report, a combination of rapidly expanding job openings, a smaller labor force, and more generous unemployment benefits is pushing wages higher, particularly in the leisure and hospitality fields that historically have some of the lowest wages for new workers.
New hires in the information sector, which includes computer programming and technology jobs, were paid the most at $7,060 per month or nearly $85,000 annually. The data shows new employees in the mining, oil and gas, and utilities sectors also commanded strong wages when compared to new hires in other fields.
Despite strong wage growth at the start of 2021, new hires in accommodation and food services have historically earned the lowest average wages, at just $1,458 per month or about $17,500 annually.
When taking cost of living into account, new hires in Washington and Massachusetts earned the most in 2020, at $4,045 and $3,793 per month, respectively. Other states with high adjusted wages for new hires included New York and Connecticut. The report found workers in Montana, Hawaii, and Idaho earned the least after adjusting for living costs.
You can connect to the full report by clicking here.