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Tuesday, November 5, 2024
CEOWORLD magazine - Latest - Special Reports - Ranked: US States With the Largest Gender Pay Gaps

Special Reports

Ranked: US States With the Largest Gender Pay Gaps

Employees

Women in the U.S. are increasingly taking control of their finances and making smart investment choices, but the gender pay gap remains a significant obstacle. According to an analysis by CEOWORLD magazine, certain states in the US have a significant pay gap between men and women. The study calculated the ratio of female to male pay by comparing the average annual salary of both genders in each state. This ratio represents how much a woman earns compared to men for every dollar a man earns. The report estimates that women who work full-time and year-round earn 81.2 cents for each dollar earned by their male colleagues.

The results of the study show that Utah has the largest gender pay gap, with women earning an average annual salary of $47,907 while men earn an average annual salary of $65,512. This represents a difference of 26.9%, meaning that women in Utah earn $0.73 for every dollar a man earns. Louisiana ranks second with an average annual salary of $42,044 for women, which is 25.2% less than that of men, who earn an annual average wage of $56,245. This means that women in Louisiana earn $0.75 for every dollar earned by a man.

Alabama ranks third, with women earning an average salary of $42,006 while men earn an average annual salary of $56,038. This translates to women earning $0.75 for every dollar earned by a man. New Hampshire ranks fourth, with women earning an average annual salary of $55,206, which is 24.7% less than men who earn an average annual salary of $73,322. This shows that women in New Hampshire earn $0.75 for every dollar earned by a man. Idaho ranks fifth, with women earning 24.3% less than men. The average annual salary for women in Idaho is $42,597, compared to men, who earn an average annual salary of $56,318, meaning that women earn $0.76 for every dollar earned by a man.

Unequal pay leaves women working with less, ultimately impacting their ability to save money, pay down debt, and achieve financial security. Women can lose nearly $400,000 over a 40-year career because of the gender pay gap, according to CEOWORLD magazine’s calculations. To shine a brighter spotlight on the gender pay gap, CEOWORLD magazine analyzed Census Bureau data to determine where the widest gender pay gaps exist. Among full-time workers, women earned a median salary of $48,107, while men earned a median salary of $62,118. This means that women earned about 81.2 cents for every dollar earned by men.

Vermont was the closest to achieving gender parity, as women there made 89 cents for every dollar a man-made. California (88 cents), New York (87 cents), and Nevada (86 cents) were also among the states with the smallest pay gaps.

US States With the Largest Gender Pay Gaps

RankStateAverage Pay for Women, per year ($)Average Pay for Men, per year ($)Ratio of Female to Male Pay
1Utah 47,907  65,5120.731 
2Louisiana 42,044  56,2450.748 
3Alabama 42,006  56,0380.750 
4New Hampshire 55,206  73,3220.753 
5Idaho 42,597  56,3180.756 
6Kansas 45,757  59,5450.768 
7Mississippi 39,22851,1430.767
8Indiana 46,345  60,1110.771 
9North Dakota 48,084  62,1920.773 
10West Virginia 42,616  55,0410.774 
11Wyoming 47,486  60,9690.779 
12South Carolina 43,865  56,0160.783 
13Missouri 45,034  56,9830.790 
14Kentucky 43,565 55,0150.791
15Oklahoma 42,122  53,1900.792 
16Virginia 56,821  71,3980.796 
17Colorado 57,067  71,4280.799 
18South Dakota 45,158  56,3710.801 
19Texas 48,40260,3370.802
20Arkansas 41,305  51,3830.803
21Iowa 48,331  60,1010.804 
22Illinois 53,350  66,1120.807 
23Washington 62,211  76,9260.808
24Michigan 49,903  61,7200.809 
25Ohio 49,169  60,6910.810 
26Wisconsin 49,805 61,4120.811
27Montana 44,881 55,2730.812
28Georgia 48,67459,8700.813
29Tennessee 45,150  55,4370.814 
30Nebraska 48,421  59,2560.817 
31Pennsylvania 52,154  63,6360.820 
32Alaska 57,420  69,9320.821 
33Hawaii 52,329  63,6390.822 
34Delaware 52,155  63,3230.824 
35New Jersey 63,414  76,3750.830 
36Rhode Island 56,889  68,4980.831 
37Minnesota 56,22367,4140.834
38North Carolina 47,188  56,2100.839 
39Massachusetts 67,222  79,9760.841 
40Maine 50,10559,3670.844
41Connecticut 63,977  75,4290.848 
42Florida 46,00954,1930.849
43Maryland 63,833  75,0420.851 
44New Mexico 45,993  53,7680.855 
45Oregon 53,765  62,6400.858 
46Arizona 50,245  58,1440.864 
47Nevada 46,802  54,0360.866 
48New York 60,990  69,6680.875 
49California 59,731  67,7000.880 
50Vermont 54,972  61,5510.893 

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CEOWORLD magazine - Latest - Special Reports - Ranked: US States With the Largest Gender Pay Gaps
Despina Wilson
I am a senior editor and data journalist at CEOWORLD magazine. My job involves using infographics to report on news topics related to business and policy, with a global perspective. I hold a master's degree in journalism and have worked for newspapers and reporting projects in both the US and the UK, giving me a unique transatlantic perspective. I believe that data can enhance coverage of all news topics. As a contributor, I plan cover a wide range of issues, such as gender equality, climate change, labor, and immigration, using relevant statistics and insightful visualizations.

Email: despina@ceoworld.biz