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is it better to work in or out of state?

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Mauro’s Answer

That is more of a circumstance question you have to ask yourself. You also have to try and see what the job market looks like for your work. Like Oil is king in Texas.

Startups reside in San Francisco

Finance is still the go-to in New York but its also becoming a good fintech/tech world there.

Massachusetts is know for educational area

New Jersey is pretty good hub for Pharma/Biotech.

Just some of the known areas for certain industries.

Based on your #, sounds like your thinking of being an Artist? If so, you need to research areas that appreciate Art more than anything.
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Yumi’s Answer

If the question was for state income tax perspective, I would say it's simpler if you work in the state you live. However, it should not stop you from considering the opportunities that you may have in a different state. I live in CT and work in NY, both impose state income tax. NY has a higher tax rate than CT. Because I pay income tax in both states, I only get a partial credit from the state of CT for NY taxes paid when filing annual tax return. I encourage you to look into your specific situation in the state that you are interested in working.
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Simeon’s Answer

If you can manage it, it is usually better to work in state than out of state. Besides the obvious things like having a better commute, you want to be able to network and go to events that are happening related to your work and industry. Your ability to go to events in-person (especially post-Covid) will do a lot to affect your career positively. Plus, it will also be easier to develop a list of clients or potential clients for your art if you are doing so locally.
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Sierra’s Answer

Hi Evelynn,
I agree with the answer above. It very much depends on the industry you want to work in. There are also some additional considerations for working out of state. If you live in one state but regularly cross into another for work you might be subject to different taxes that may or may not be worth it for you. Be sure to see the advice of a CPA during tax season!
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