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Top 10 Wealthiest States in the US

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Top 10 Wealthiest States in the US

Top 10 Wealthiest States in the US

The median household income of America’s 10 richest states is about $92,000.

These are the richest states of America According to a one-year estimate from the US Census Bureau’s American Community Survey, the country’s annual median household income in 2022 was $74,755.

But wide variation exists between states. The median household income in the 10 lowest performing states was $58,524, 36% lower than the average $91,803 in the nation’s 10 highest performing states. Mississippi had the lowest annual median household income of all states at $52,719.

These 10 states are the richest states of the country.

10. Connecticut

Median household income: $88,429

By state, Connecticut is home to a total of 15 companies on the 2022 Fortune 500 list, covering key industries such as insurance, pharmaceuticals, aerospace, biosciences and medical technology.

9. Utah

Median household income: $89,168

The largest employers in Utah include Intermountain Health System, retailer Walmart, and state government, as well as major universities including Brigham Young University and the University of Utah, which also includes a hospital. According to the state, each of those companies and institutions employs more than 15,000 people on an average.

8. Colorado

Median household income: $89,302

One of the leading employment supersectors in Colorado is trade, transportation, and utilities, projected to employ approximately 500,000 people by October 2023, according to estimates by the Bureau of Labor Statistics.

7. New Hampshire

Median household income: $89,992

Health care is one of New Hampshire’s largest industries. Data published by the state shows there were about 95,000 workers in the health care and social assistance sector as of October 2023.

6. Washington

Median household income: $91,306

According to Bureau of Labor Statistics estimates, government jobs are the second-largest source of employment in the state, with more than 587,000 workers in that supersector by October 2023. The trade, transportation and utilities supersector was the largest, and employed more than 620,000 workers in October.

5. California

Median household income: $91,551

Four California counties, including San Francisco, Marin, San Mateo and Santa Clara counties, are among the wealthiest counties in the country, according to a recent U.S. News analysis. According to 2017-2021 Census Bureau estimates, the wealthiest Santa Clara has a median household income of $140,258.

4. Hawaii

Median household income: $92,458

The public sector remains the largest employer in Hawaii, with more than 124,000 government employees by October 2023, according to Bureau of Labor Statistics data, with large workforces in the business, transportation and utilities supersector and the leisure and hospitality supersector.

3. Massachusetts

Median household income: $94,488

According to the Bureau of Labor Statistics, the education and health care supersectors are the largest in Massachusetts, with more than 840,000 workers employed in those sectors as of October 2023.

2. Maryland

Median household income: $94,991

Howard County, Maryland, was the seventh-wealthiest county in the nation, with a median household income of $129,549, according to 2017-2021 Census Bureau estimates. The largest employer in the state is the government, which had a workforce of more than 530,000 people as of October 2023, according to data from the Bureau of Labor Statistics.

1. New Jersey

Median household income: $96,346

New Jersey has a total of three counties among the 15 wealthiest counties in America, according to 2017-2021 Census Bureau data. Its richest county – Morris County – has a median household income of $123,727. The trade, transportation and utilities supersector has the largest number of workers in the state, with more than 920,000 workers by October 2023, according to Bureau of Labor Statistics data.

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