NEW JERSEY – New Jersey is 2023’s least federally dependent state, according to a study done by WalletHub.
With the tax filing deadline drawing near but some states receiving far more in federal aid than they pay in taxes, the personal-finance website WalletHub Wednesday released updated rankings for 2023’s Most & Least Federally Dependent States.
This report illustrates the extent to which states are independent economically. In order to identify which states most and least depend on federal support, WalletHub compared the 50 states across three key metrics: return on taxes paid to the federal government; federal funding as a share of state revenue; and share of federal jobs.
Federal Dependency of New Jersey (1=Most Dependent, 25=Avg.):
- 49th – Return on Taxes Paid to the Federal Government
- 49th – Federal Funding as a Share of State Revenue
- 46th – Share of Federal Jobs
- New Jersey
- Washington
- Utah
- Kansas
- Illinois
Here are the top 5 most federally dependent states:
- Alaska
- West Virginia
- Mississippi
- Kentucky
- New Mexico
For the full report, click here.
