The income of citizens and the revenue of the local state government are used to determine which states are the wealthiest. To determine the wealthiest states in the United States, we’ll look at each state’s median household income and GDP.
Due to the labor market, living costs, and overall economic health, the state’s median household income fluctuates greatly. In 2019, the median household income in the United States was $65,712. The highest was $92,266 in the District of Columbia, while the lowest was $45,792 in Mississippi. In general, educational achievement
List Of The Top 10 Richest States In United States 2024
10. Virginia
Median Household Income: $76,45
Although the cost of living in Virginia is low compared to other states on this list (Zillow estimates the median home value in Virginia to be $353,130), the Old Dominion State is home to three of the top ten wealthiest counties in the country—Loudon County, Fairfax County, and Arlington County.
Virginia, a southeastern US state with a lengthy Atlantic coastline, runs from the Chesapeake Bay to the Appalachian Mountains. It is one of the 13 original colonies, containing historic sites such as Thomas Jefferson’s famed Charlottesville plantation, Monticello. The Jamestown Settlement and Colonial Williamsburg are both living-history museums that recreate life during the Colonial and Revolutionary periods.
9. Colorado
Median Household Income: $77,127
While Colorado’s wonderful surroundings draw many visitors, its residents are ready to spend a lot of money on their homes. The median house value in the area is $545,794, according to Zillow.
It is located in the western United States of America and joined the Union of the United States on August 1, 1876, becoming the 38th state to do so.
With a population of 5.7 million inhabitants, Colorado is the 21st most populated state in the United States.
8. New Hampshire
Median Household Income ($77,933)
New Hampshire is part of the United States’ New England area.
It was one of the thirteen founding colonies of the United States. New Hampshire was the 9th state to join the Union when it did so on June 21, 1788.
The Granite State is America’s 11th least populous state, with only 1.4 million residents who do not pay state income or capital gains taxes. The cost of living is inexpensive in comparison to the other top ten wealthiest states, with a typical property value of $405,600 according to Zillow.
7. Washington
Median Household Income ($78,687)Washington is the richest state in the United States, with a typical household income of $78,687.
Washington is a state in the western United States of America that is located in the northern area.
Incomes and living costs have risen as a result of major corporations like Amazon locating in the Evergreen State. The median home value in Washington is $582,732, up 36% over last year, according to Zillow.
6. Connecticut
Median Household Income $78,833
Darien, Connecticut, is one of America’s top 25 wealthiest towns, as well as one of the top 25 wealthiest cities (Westport, CT is ranked number five). According to Statista, Connecticut also has the third highest per capita ratio of wealthy households. Glencore is the state’s biggest employer in New England.
5. California
Median Household Income ($80,440)
California, with a median family income of $80,440, is the fifth wealthiest state in the United States.
California is the most populated state in the US, with 39,538,233 residents in 2022.
Agriculture, technology, media, trade, and tourism are the most important economic sectors in California. Living in the state with the fifth-longest coastline (after Alaska, Florida, Louisiana, and Maine) is expensive: according to Zillow, the typical property value is $745,200.
4. Hawaii
Median Household Income $83,102 Hawaii is famed for its beaches and laid-back surfer attitude, but living there will set you back a hefty penny. According to Zillow, the median property value in Hawaii is $828,002. The island state’s main businesses are tourism and defense.
That shouldn’t come as a surprise, given how much money Hawaii State makes from tourism each year.
As of the writing of this article, the current median household income in Hawaii is $83,102.
Hawaii is a state in the United States of America that is situated near the Pacific Ocean in the western part of the country.
3. New Jersey
New Jersey, with an anticipated median family income of $85,751, is the third richest state in the United States in 2022.
As of 2022, the median home value in New Jersey is expected to be $386,919, with a total population of 3,231,874 people.
This state is included in the United States’ Northeastern area. On December 18, 1787, New Jersey became the third state to join the United States of America.
Despite being one of the top three wealthiest states, New Jersey’s median house value is significantly lower than that of the other less wealthy states on this list.
2. Massachusetts
According to the US Census Bureau, the sixteenth most populated state has the highest number of residents per capita with bachelor’s degrees, with about 7 million people.
Massachusetts is a small state in terms of area, with a total area of 10,565 square miles, making it the 44th largest state in the United States and the seventh smallest by area.
Boston, Massachusetts’ capital and most populous city, is the state’s most populous city.
A median home value of $457,343 is anticipated for Massachusetts.
1. Maryland
Median Household Income ($86,738)
With a typical household income of $86,738 dollars, Maryland is the wealthiest state in the United States.
On April 28, 1788, it was admitted to the United States of America, making it one of the first 13 original colonies.
Maryland is the United States’ 18th most populated state, with a population of 6.1 million people.
states with a high population According to Zippia, the state’s largest employer is Marriott International, which is situated in Bethesda. The average property value in Maryland is $384,928 according to Zillow. states with a high population According to Zippia, the state’s largest employer is Marriott International, which is situated in Bethesda. The average property value in Maryland is $384,928 according to Zillow.
