Choosing a place to live where you can find good, well-paid work and stretch your paycheck to cover your costs can be difficult.

To help you out, personal finance site MoneyRates used several data sources, including the US Bureau of Labor Statistics, to determine the best and worst states to make a living in 2015. The ranking is based on five factors: average wages, state tax rates, cost of living, unemployment rates, and incidents of workplace injuries.

Check out the best and worst states below:

Texas topped the list with a below average cost of living and no state income tax. 

Other states, like Hawaii and Oregon, have much higher costs of living and state taxes.

NOW WATCH: Here's The Mistake Employees Make Early In Their Career That Hurts Their Productivity

See Also:

The fascinating scientific reason this celebrity's Instagram photo just became the most liked of all timeNBC fires Donald Trump after he calls Mexicans rapists and drug runnersPuerto Rico now belongs to Wall Street

SEE ALSO: The 20 best places to live in your 20s