Question 1123873
<br>
The ratio of the state median incomes for Alabama and Arkansas is 43464/39018 = 1.114 to 3 decimal places.<br>
The assumption in the problem is that the standard of living in different states is the same if the ratio of incomes is the same as the ratio of the state median incomes.<br>
So if the salary is $53,200 in Arkansas, the salary needed in Alabama to keep the same standard of living is<br>
$53,200 * 1.114 = $59,262