Read the complete write-up of the richest states in the United States as well as other in formation you need to know.
Introduction
Despite recent economic uncertainties, there’s some good news when it comes to your finances: median income in the U.S. has been on the rise over the last few years. In 2020, the U.S. Census Bureau found that the median income in the country had risen to $65,712, the highest ever recorded in the nation. After adjusting for data collection issues resulting from the pandemic, the Census Bureau now estimates that this represents a 4.2 per cent increase in median income from the year prior.
However, there’s also no doubt that many Americans still struggle to get by in today’s economy—and that some areas have greater concentrations of wealth. In fact, figures for median income nearly double from the lowest- to highest-paying states. Read on to see each state ranked from lowest median income to highest, according to Census Bureau data, and find out how your state compares to the rest.
Richest States in the United States
- Mississippi
Median household income: $45,792
- West Virginia
Median household income: $48,850
- Arkansas
Median household income: $48,952
- Louisiana
Median household income: $51,073
- Alabama
Median household income: $51,734
- New Mexico
Median household income: $51,945
- Kentucky
Median household income: $52,295
- Oklahoma
Median household income: $54,449
- Tennessee
Median household income: $56,071
- South Carolina
Median household income: $56,227
- Montana
Median household income: $57,153
- North Carolina
Median household income: $57,341
- Missouri
Median household income: $57,409
- Indiana
Median household income: $57,603
- Ohio
Median household income: $58,642
- Maine
Median household income: $58,924
- Florida
Median household income: $59,227
- South Dakota
Median household income: $59,533
- Michigan
Median household income: $59,584
- Idaho
Median household income: $60,999
- Iowa
Median household income: $61,691
- Georgia
Median household income: $61,980
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- Arizona
Median household income: $62,055
- Kansas
Median household income: $62,087
- Vermont
Median household income: $63,001
- Nebraska
Median household income: $63,229
- Nevada
Median household income: $63,276
- Pennsylvania
Median household income: $63,463
- Texas
Median household income: $64,034
- Wisconsin
Median household income: $64,168
- North Dakota
Median household income: $64,577
- Wyoming
Median household income: $65,003
- Oregon
Median household income: $67,058
- Illinois
Median household income: $69,187
- Delaware
Median household income: $70,176
- Rhode Island
Median household income: $71,169
- New York
Median household income: $72,108
- Minnesota
Median household income: $74,593
- Alaska
Median household income: $75,463
- Utah
Median household income: $75,780
- Virginia
Median household income: $76,456
- Colorado
Median household income: $77,127
- New Hampshire
Median household income: $77,933
- Washington
Median household income: $78,687
- Connecticut
Median household income: $78,833
- California
Median household income: $80,440
- Hawaii
Median household income: $83,102
- New Jersey
Median household income: $85,751
2 .Massachusetts
Median household income: $85,843
- Maryland
Median household income: $86,738
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