12 richest states in America

The US state ranking is primarily based on middle income Americans. A state is valued based on personal income, gross domestic product per capita, and the amount of taxes paid per person in the state. Along with this, factors such as health insurance coverage, employment by industry, poverty, income inequality, and food stamps are taken into account, and then the overall picture is considered when ranking the state.

When we think of the richest states in the US, Manhattan and Beverly Hills come to mind, but the distribution of wealth is not much more diverse. Yes, California and New York are among the richest states in America, but Alaska and Utah are also on this list. Let's take a look at the 12 richest states in America in 2022.

12. Delaware

Median household income: $58,415.

Population: 917,092

Delaware has the 12th lowest resident poverty rate and is one of the top XNUMX states in the country when it comes to median household income. According to Moody's Analytics, Delaware is the only state in the country that is still in danger of an economic downturn and is too small to be affected by shifts in one or more industries. In terms of unemployment, Delaware's unemployment rate is in line with the national average.

11. Minnesota

Median household income: $58,906.

Population: 5,379,139

The inhabitants of the Land of 10,000 Lakes are in a good financial position. Minnesota is the 12st largest state by area and the 21th most populous state in the US. This state has a very low unemployment rate, but % of residents live in poverty. The state also has a clean environment, as even after extreme weather, it is second only to Portland when it comes to the number of workers who bike to work. People living here prefer to walk or cycle instead of cars to reduce greenhouse gas emissions, traffic congestion, maintenance costs, and for a healthier population. It is also known for its progressive political orientation and high levels of civic participation and voter turnout. The state is one of the most educated and richest in the country.

10. Washington state

Median household income: $64,129.

Population: 7,170,351

Washington is the 18th largest US state with 71,362 square miles and also the 13th most populous state with 7 million people. Washington is the nation's leading manufacturer and has manufacturing industries, including aircraft and missiles, shipbuilding, and more. Being in the top ten does not mean that she does not have economic problems, as well as wealth. It has 10% of the unemployed, and this is the 5.7th place in terms of unemployment in the country. In addition, 15% of households rely on food stamps, slightly more than the national average.

9. California

Median household income: $64,500.

Population: 39,144,818

California is the most populous state in the US and the third largest in area. If California were a country, then it would be the 6th largest economy in the world and the 35th most populous country. He is a trendsetter in the world, as he is the source of the film industry, the Internet, the hippie counterculture, the personal computer and many others. The agricultural industry has the highest output in the US, but its 58% of the economy is focused on finance, real estate services, government, technology, professional, scientific, and technical business services. The state also has some disadvantages, such as having the highest percentage of poverty and income inequality in the United States.

8. Virginia

Median household income: $66,262.

Population: 8,382,993 12th place.

Virginia is home to a working, educated population. 37% of adults have a college degree and the majority of the population earns more than $200,00 per year. It also has a very smaller percentage of the population making less than $10,000 a year. This greatly helps with the country's low unemployment rate, which is almost a full percentage point below the national average.

7. New hampshire

Median household income: $70,303.

Population: 1,330,608

New Hampshire has the lowest poverty rate in the US. It is the 10th least populous state in the country and the 5th smallest by area. It has average house prices and an average income above the national average. New Hampshire is a state that truly values ​​education, with over 35.7% of adults with a bachelor's degree and 93.1% of high school graduates. New Hampshire is doing well.

6. Massachusetts

Median household income: $70,628.

Population: 6,794,422

Massachusetts is the 15th most populous state in the country. It has 41.5% college degrees, the highest concentration in the country. Massachusetts residents know all too well the difference a college degree can make. 10% of people living in Massachusetts earn at least $200,000 per year, which is good because the median home value in the state is $352,100, the highest in the country.

5. Connecticut

Median household income: $71,346.

Population: 3,590,886

Connecticut is the 22nd most populous state in the country and the 3rd largest by area. Connecticut has a reputation for being too expensive due to the average home price being $270,900. State residents are well educated and earn well, with more than 10% of households earning more than $200,000 per year. % of adults in the state have a bachelor's degree.

4. New Jersey

Median household income: $72,222.

Population: 8,958,013

New Jersey is the 11th most populous state in the country. New Jersey is quite expensive, as goods and services here cost 14.5% more than the rest of the country and the average home price is $322,600, nearly double the national average, but the state has a high proportion of people with large incomes, so they can afford it. The state has 10.9% of residents earning $200,000 or more per year. The state also has % of adults with at least one bachelor's degree.

3. Alaska

Median household income: $73,355.

Population: 738,432

Alaska is the 3rd US state with the lowest population. The state has a high median household income due to its dependence on oil. Although the price of oil has fallen, the industry still contributes to the state's economy and provides employment for 5.6% of the population. The state also has its own problems, for example, the second most populous 14.9% in the country without health insurance.

2. Hawaii

Median household income: $73,486.

Population: 1,431,603

Hawaii is the 11th least populous state in the country. He has the highest median home value of $566,900 in the nation, but along with that, he also has the second-highest median income in the nation. Hawaii has a low unemployment rate of 3.6% and a low % poverty rate in the country.

1. Maryland

Median household income: $75,847.

Population: 6,006,401

Maryland is the 19th most populous state in the nation, yet the prosperous state has the highest median income of $75,847. It also has the second highest poverty rate of 9.7% due to the state's high educational attainment. In Maryland, more than 38% of adults have a college degree, and % of Maryland's workers work in government, some of the highest paid public jobs in the country.

The ranking of the state in the country depends on the standard of living of people with average incomes. The state depends not only on personal income, but also on income inequality, employment and many other factors. So, the top 12 richest states in the United States of America are listed in this article based on several factors that you need to consider to check the standard of living of people of all categories in the state.