Private employer costs higher in ERC region, but health costs are less of the total

April 25, 2016

According to the US Bureau of Labor Statistics, employers in New England and the Mid-Atlantic states paid the highest total compensation per worker in December 2015 averaging $38.14 and $37.62/hour respectively; well above the US average of $31.70. Health insurance costs were also highest in New England and the Mid-Atlantic states, but not as a percent of total compensation. Health insurance was 7.7% and 7.8% of total compensation in New England and the Mid-Atlantic states, respectively. In comparison, health insurance comprised 8.5% of total compensation in West South Central states (AR, LA, OK and TX), 8.3% in West North Central states (IA, KS, MN, MO, NE, SD and ND) and 8.2% in East South Central states (AL, KY, MS and TN). Nationally, life and disability insurance costs sixteen times less than health insurance benefits.

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