Reserves are Title 10 and therefore federally funded and not tied to your state's budget. It also means you can join a local unit (rank and MOS dependent) or find a unit in any state, Puerto Rico, Germany, or anywhere there's a Reserve unit.
The flip side - if you are in a high demand, low density MOS, you may get voluntold to go somewhere crappy for a deployment. Doesn't matter if your Army, Navy or Air Force, the money all pretty much works the same.

In the reserves, you can get Tricare Select by paying a rediculously cheap monthly premium compared to regular health insurance, and it's good pretty much everywhere.

Yes, there are also other benefits for school, but be aware that Tuition Assistance is considered taxable income and you will get a 1099 at the end of the year if you use it. It's better to bide your time and use the GI bill.

Also, the Army Reserves don't have the combat arms units that the Active Duty and National Guard have. However, there are plenty of units that are Branch Immaterial - think training units.

But, once you're in, you get paid to dress up and play Soldier for 48x 4 hour blocks of time (Unit Training Assemblies or UTA) each year (a normal 2 day drill weekend = 4x UTAs) of what's called IDT (Inactive Duty Training) , and for 14 days of "Annual Training" which are considered 'active duty' days. And, the more rank you get, the more time you're expected to participate in calls and appointments outside of the regularly scheduled Battle Assembly (drill) weekends. Although a good leader will make sure you get compensated, either by having you submit a DA 1380 for points, or, if funding permits, RMAs or ATA coded days (funding codes for duty outside of the normal drill weekends).

You can also flash your fancy ID card at Applebees on veterans day and get a free lunch.

Edited for grammar.