NEW YORK (MainStreet) -- How much should you pay in investment fees, given an average $10,000 investment?
The answer varies - and somewhat surprisingly, based on the state you call home.
According to investment fee services firm FeeX, if you live in West Virginia or Vermont you're paying way more in fees than, say, if you live in New Mexico or Wyoming. Here is FeeX's list of "top fee" and "bottom fee" states when it comes to investment fees.
Top five states paying the most in investment account fees annually:
- West Virginia: $106
- Vermont: $93
- South Carolina: $80
- New Hampshire: $78
- Florida: $77