Methodology Where are the places in the country with the best employee benefits? To answer that question we analyzed data on four factors: unemployment rate, percentage of residents contributing to employer retirement accounts, cost of living and percentage of the population with employer health insurance. First, we looked at the percentage of the county population that is unemployed.
We then indexed the ratio to , with a score of representing the county with the lowest unemployment. Next, we calculated the percentage of the population contributing to retirement accounts. We did this by multiplying the employed population of each county by the percentage of the population that have access to employee retirement plans, and then by the percentage of employees that participate in those plans.
We indexed the final values to , with a value of reflecting the county where the most people who have access to employee retirement plans are contributing to those plans. Then we looked at the cost of living in each county as a percentage of the average income in that county.
We indexed these values to , with a value of reflecting that county where the ratio of cost of living to income is the lowest. We then calculated the percentage of people in each county that have health insurance through an employer. We indexed these values to , with a value of reflecting the county with the highest percentage of the population covered by employer-sponsored health insurance. Finally, we calculated a weighted average of the indices for unemployment, percentage of residents contributing to employer retirement accounts, cost of living and percentage of the population with employer-sponsored health insurance.
We indexed the final number so higher values reflect the best places for utilizing employee benefits. What is an Index Fund? How Does the Stock Market Work? What are Bonds? Investing Advice What is a Fiduciary?
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