States where you’re most and least likely to live paycheck to paycheck

Making more money might help you get ahead financially. But where you live might have an even bigger impact on your financial well-being. If you're in a place with a high cost of living, even a big paycheck might not go very far.

To help you pinpoint where your money goes furthest, GOBankingRates ranked all 50 states based on what percentage of income is left over after covering the cost of living expenses.

Click through to see the best places to live to stretch your paycheck.

Find Out: How Long $1 Million in Savings Will Last in Every State

Methodology: Based on each state's median household income, states were ranked according to the percentage of the median paycheck that was left over after subtracting the following: (1) average housing cost per paycheck, (2) total amount spent on food per paycheck, (3) total amount spent on utilities per paycheck, (4) total amount spent on transportation per paycheck and (5) total amount spent on health per paycheck. The states' median household income figures were sourced from the U.S. Census Bureau's 2016 American Community Survey. All expenses were calculated using figures included on the Bureau of Labor Statistics' 2016 Consumer Expenditures report.

This article originally appeared on GOBankingRates.com: States Where You’re Most and Least Likely to Live Paycheck to Paycheck

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