BALTIMORE, MD—With a large segment of the workforce working from home at least part of the time, the personal-finance website WalletHub this week released its report on the Best States for Working from Home, showing where people can save the most money and be most comfortable while working remotely.
WalletHub compared the 50 states and the District of Columbia across 12 key metrics. The data set ranges from the share of workers working from home to internet cost and cybersecurity. The study also considered factors like how large and how crowded homes are in each state. Together, these metrics show how feasible working from home is in terms of cost, comfort and safety.
Maryland came in at No. 4 on the list. New Jersey was named the best state for working from home, while Alaska came in last place.
Working from Home in Maryland (1=Best, 25=Avg.):
- Overall Rank: 4th
- 5th – Share of Population Working from Home
- 20th – Share of Potential Telecommuters
- 10th – Households’ Internet Access
- 7th – Average Home Square Footage
- 5th – Internet Cost
“Working from home can save people a lot of money on transportation expenses, as well as make their work environment a lot more comfortable and their hours more flexible,” said WalletHub analyst Cassandra Happe. “However, things like energy costs, internet speed, home sizes and how many people live together can greatly impact people’s savings and productivity. While work-from-home jobs can be done anywhere, certain states make the practice much better than others.”
“New Jersey is the best state for working from home, in part due to the fact that it has some of the cheapest internet prices in the country and very high access to broadband internet.” Happe added. “Around 13% of New Jersey’s workforce currently works from home, but over 96% of the workforce has the potential to telecommute.”
The full report can be viewed online here at WalletHub.
More in the video below.
Photo via Pixabay
