Top 10 Richest States In The U.S (2024)
Last updated on August 3rd, 2023 at 12:28 am
The United States of America is a wealthy nation with the strongest economy worldwide. The country itself is among the most powerful, wealthy, and advanced nations in the world. The rich states that make up the nation contributed to all of the great wealth of the United States. However, are you aware of the richest states in America? This article lists the top ten wealthiest states in the US and provides some background information on each of them. This article’s information is more than simply our unsupported guesses. The information and figures shown here are taken from the US Census Bureau.
TOP 10 RICHEST STATES IN THE UNITED STATES (2024)
Here is a list of the wealthiest US states currently. The measure used in this analysis to determine the richest US state is average household income.
MARYLAND
There are numerous factors that make Maryland one of the most significant states in the US. The state was granted membership in the USA on March 28, 1788. As a result, they qualify as one of the foundational 13 colonies that comprised the United States.
Maryland has an approximate population of 6.1 million, making it the 18th most populous state in the United States. Annapolis, which was established in 1649, serves as Maryland’s capital. Maryland is the 42nd biggest state by area in the United States, with a total surface area of 12,407 square miles.
With a typical household income of $86,738 in the USA, Maryland is the wealthiest state there. As per Neighborhood Scout, the average property value in Maryland, USA, is assessed to be $351,818.
MASSACHUSETTS
The state of Massachusetts is located in the USA’s New England area. Massachusetts Institute of Technology, one of the top colleges in the entire globe, is one of the state’s most famous landmarks.
Massachusetts ranks as the 16th most populated state in the US with little under 7 million residents. Massachusetts is the seventh-smallest state in terms of area in the United States, with a total area of 10,565 square miles.
Boston, the state’s capital and most populous city, is also the state’s largest city.
How did Massachusetts become the second-richest state in the country? The median home value in Massachusetts is thought to be $457,343. The state of Massachusetts’ projected $85,843 median household income.
NEW JERSEY
New Jersey is the third-richest state in the nation. To maintain this position, the state’s expected median household income is $85,751. With a total of 3,231,874 dwellings as of 2022, its median home value has also been anticipated to be $386,919 in the country.
The Northeastern part of the United States is where New Jersey state is situated. The capital of the state is Trenton City, which is also known as “The Garden State.”
According to size, New Jersey is the 47th-largest state in the US. It is the 11th most populated state in the nation and has an area of 22,591.38 km2.
HAWAII
Hawaii is also one of the wealthiest and most picturesque states in America. That’s understandable given that the State generates a respectable amount of revenue from tourist industry annually. Hawaii’s State now has a median household income of $83,102. Statewide, the average home valuation is $695,499.
Hawaii State is situated close to the Pacific Ocean in the western part of the United States of America. It took the 50th place in the Union of the United States of America as the very last state to be added.
Hawaii State is the fourth-smallest state in terms of area and has the 40th highest population in the USA. It covers a total area of 28,311 km2 and has a demographic of 1.45 million.
CALIFORNIA
California has the highest population in the country according to estimates from 2022. There are 39,538,233 people living there. The state is in the western part of the country. “The Golden State” is a moniker for California. It was the thirty-first state to join the United States of America. Sacramento, the capitol of California, is the 35th most populous city in the United States.
California is the third-largest state in terms of area in the United States with a total land area of 1663,696 square miles.
California, with a typical household income of approximately $80,440, is the fifth wealthiest state in the United States. According to estimates, the average home value in the state is $587,233.
CONNECTICUT
The US state of Connecticut is situated in the southernmost portion of the New England area. Its entire area is 5,567 square miles, and its inhabitants is 3,605,944 persons. Connecticut is the third-smallest state in terms of area and has the 29th highest population in the US. Hartford, also referred to as the Insurance Capital of the World, serves as the state capital of Connecticut.
The typical family revenue in Connecticut is $78,833, making it one of the wealthiest states in the USA. Additionally, as of 2022, its median house value was projected to be $294,420.
WASHINGTON
Washington houses the seat of government of the United States of America. The country’s western region is where the state is situated. This state ‘s formal nickname is The Evergreen State. The state capital of Washington is the city of Olympia.
The existence of several of the largest firms in the country, like Boeing, Microsoft, and Amazon, has an impact on Washington’s net median income. The state plays host to billionaires like Bill Gates and Jeff Bezos on the other end of the wealth spectrum. Washington has lower poverty and joblessness rates than the country as a whole.
NEW HAMPSHIRE
The state of New Hampshire is found on the American continent’s New England region. It was part of the founding Thirteen colonies that made up the United States.
The overall area of New Hampshire is 9,349 square miles, and there are 1.3 million people living there. It is the 46th largest state in terms of area and the 41st most populous state in the USA. The third-largest city in New Hampshire is Concord, which serves as the state’s capitol.
The typical household income in New Hampshire is thought to be $77933. They are among the richest states in the US as a result.
COLORADO
Colorado is one of the best states that is convenient for businesses in the US. The state’s economy is mostly driven by business, then federal government employment. The state’s economy is greatly boosted by the vast amount of people that come each year to view Colorado’s stunning terrain. Colorado is the ninth wealthiest state in the US with a median household income of $77,127.
VIRGINIA
Virginia is currently the tenth-richest state in the US, with nothing more than a median income per household of $76,456. A few of the many industries that contribute to Virginia’s economy includes federal governments, the military, agriculture, and technology.
Virginia’s population, which occupies a space of 23,772.3 square miles, is thought to be around 8,654,542. The State is the 35th largest state in terms of area and the 12th most populous state in the country.
CONCLUSION
Although there are 50 states in the US, only the top 10 in terms of wealth have been included above. You should be aware that the information used to assess this list was well studied and that the figures came from reliable sources. The US Census Bureau served as the primary data and statistician for this article and even the poorest states in America. The typical individual income was the metric considered in this assessment to identify the wealthiest US states.
