Not everyone in New York benefits from the higher median income levels. The national average poverty rate is lower at One of the reasons for this problem is that the cost of living in the state is higher than in many other states in the nation.
The cost of goods and services is far more expensive, by This makes it harder for people in lower income brackets to make ends meet. The state of Delaware has the sixth lowest population concentration in the nation with just , people living there. The unemployment rate is the twenty second lowest in the nation at 4. This is close to the national average, coming in a few percentage points higher than the national average of Delaware has the 18th lowest poverty rate at just Utah has the twentieth lowest population rate with 2,, persons living in the state.
This is below the statistics for the rest of the country. Utah is ranked as the twelfth lowest for its The combination of the low poverty percentages and high income levels shows that Utah is fortunate to have the lowest occurrence of income inequality in the nation.
It is a prosperous state and the residents enjoy a strong job market. Minnesota is a state with the 21st highest population ranking with 5,, residing there. This is the leading factor in making it the twelfth richest state in the country. In addition to this, the 3. A remarkable With low poverty and unemployment rates and high incomes, Minnesota is one of the most prosperous states in the country.
The mountainous state of Colorado has the twenty second highest population ranking in the nation with 5,, people residing there. In recent years, there has been a rise in median household income in the state and a decrease in the number of households depending on food stamp assistance. The typical household income rose by more than two thousand dollars in just two years and currently, only 8.
The unemployment rate is 3. The job market in the state has been strengthening and the statistics for the unemployment rate show that it is on a downward trend.
Washington state has the thirteenth highest population numbers in the nation with 7,, living there. The higher income levels are attributed to the high The state is running at a nearly three percent higher food stamp recipiency rate.
California has the highest population of all states in the nation with 39,, people living there. In fact, Maryland has the most millionaires of any state in the US, boasting , millionaire households. Placing 6th, North Dakota earns the distinction of being the richest state in the Midwest. In addition to its high real per capita income and state spending, the state generates the 2nd-highest state revenue per capita of any state, with 14, In , North Dakota had the highest intergenerational mobility of any state.
On a whole, New Jersey fares very well, boasting a high real per capita income and state revenue similar to its neighbors New York and Connecticut. Alaska is a land of contrasts: the 49th state has some of the highest violent and property crime rates in the US, yet also boasts one of the highest concentrations of millionaires in the country.
Being wealthy in Alaska helps a lot since it is one of the most expensive states in the country in terms of commonly-bought goods due to its remoteness and the expense of shipping goods into the state. It should come as no surprise that New York is one of the 3 richest states in the country, considering the large amount of concentrated wealth in New York City.
In fact, the Big Apple is home to more millionaires than any other city in the world, as home to almost 1 million millionaires. Massachusetts is exceptionally wealthy, earning the 2nd highest real per capita income and highest per capita personal consumption expenditures of any state. For a city its size, Boston is very wealthy, despite an increasing wealth gap , and the surrounding suburbs are among the richest in the nation. The richest state in the United States is Connecticut, by a significant margin.
While Connecticut is middle-class for the most part, the uber-rich residents of Fairfield County, which is home to a number of the most affluent communities in the United States, elevate the state to the top spot. The results of this ranking indicate that relative wealth in the United States can largely be determined by the region in which a state is located, with a majority of the wealthiest states belonging to the Northeast, the poorest found in the South, and the states of the Midwest and other states located somewhere in the middle.
This ranking was compiled from the latest available data on the following: Real per capita personal income i. With only 1. The state also boasts a highly educated population: three of the top ten employers are universities, according to Zippia. Second to the federal government, the petroleum industry creates the largest number of jobs in the Last Frontier and tourism is the second largest private sector.
After oil and natural gas, its largest export is seafood. With fewer than , residents, Alaska is the fourth least populous state in America. The Golden State boasts the largest economy in the U. And with over 40 million residents, it's also the most populous state in the country. The largest economic sectors in California are agriculture, technology, media, trade and tourism. Those counties, including Falls Church, Virginia, which is top on the county list and also home to one of the richest towns in America , are just outside Washington, DC, which attracts highly-educated Americans.
With major companies like Amazon calling the Evergreen State home, incomes have risen, and so has the cost of living. It often indicates a user profile. Log out. More Button Icon Circle with three vertical dots. It indicates a way to see more nav menu items inside the site menu by triggering the side menu to open and close.
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