Wealthiest States in the U.S : Here Are the 10 Wealthiest States in the U.S.

Maryland may have a lower median property value than many other states. Still, the Old Line State has the highest median household income in the country, making it the wealthiest state in America in 2022.

Its prosperity stems mainly from its closeness to Washington, D.C., where many of the state's people work. Maryland is home to the National Security Agency, other government institutes such as the National Institutes of Health, and Marriott International, the world's largest hotel company.

If the number-one spot isn't surprising enough, other states on the list will astound you. While you would have expected New York to be in the top five, it didn't even cut—but Virginia did. It also has two wealthiest cities in the United States this year.

Of course, suppose you've studied the wealthiest cities in America and the most affluent towns in the United States. In that case, you'll know that, while appearing humble and Southern, Virginia is home to a couple of the wealthiest localities in the country, not to mention the nation's number-one high school (Thomas Jefferson High School for Science and Technology).

New Hampshire is another unexpected placeholder. Many people might think that the state, which is one of the least populous in the country and has the shortest ocean coastline of any U.S. coastal state, would rank near the bottom of the list.

However, it is among the top ten. Please continue reading to learn more about the country's wealthiest states, as compiled by the United States Census Bureau as part of its 2019 five-year American Community Survey.

10. Virginia

Wealthiest States in the Us

Median Household Income: $76,456

Although the cost of living in Virginia is low in comparison to others on this list (Zillow estimates the median house value in Virginia to be $353,130), the state is home to three of the top ten wealthiest counties in the country: Loudoun County, Fairfax County, and Arlington County. These counties are located outside Washington, D.C., which draws affluent Americans.

9. Colorado

Wealthiest States in the Us

Median Household Income: $77,127

While Colorado's fantastic outdoors draw many visitors, Centennial State residents are willing to spend a lot of money on their homes. The median property value, according to Zillow, is roughly $545,794.

Although Colorado's median household income is modest in comparison to many of the other states on this list, the state is home to Douglas County, one of the wealthiest counties in the country, with a median household income of $122,867—just over 59 percent greater than the state's median.

8. New Hampshire

Wealthiest States in the Us

Median Household Income: $77,933

The 1.4 million residents of the Granite State do not pay state income or capital gains taxes. The cost of living is modest compared to the other top ten wealthiest states, with Zillow estimating the median home value at $405,600.

READ ALSO:-Most Poverty Country in the World: What is the Cause of Poverty for the Poorest Countries in the World?

7. Washington

Wealthiest States in the Us

Median Household Income: $78,687

Large corporations like Amazon in the Evergreen State have skyrocketed wages and living expenses. Washington has some of the most expensive homes in the world, with Zillow estimating the median home value to be $582,732, up 36% from 2018.

6. Connecticut

Wealthiest States in the Us

Median Household Income: $78,833

One of the top 20 wealthiest towns in America is in the Constitution State. One of the top 25 wealthiest cities is also in the Constitution State (Westport is ranked number five).

Statista says that the number of millionaire households per person in Connecticut is the third highest in the country. Zippia says that Glencore is the largest employer in New England.

5. California

Wealthiest States in the Us

Median Household Income: $80,440

With a gross state product of about $3 trillion, California has the biggest economy in the United States. It is also the most populated state in the country, with about 40 million people living there.

READ ALSO:Which Is the Richest City in the World? About Top Richest Cities

Agriculture, the media, tourism, and technology are the most important parts of California's economy. According to Zillow, the median home value in the state with the fifth-longest coastline (after Alaska, Florida, Louisiana, and Maine) is $745,200.

4. Hawaii

Wealthiest States in the Us

Median Household Income: $83,102

Hawaii is known for its beaches and laid-back surfer culture, but living in the Aloha State is not cheap. Zillow says that the median home value in Hawaii is a massive $828,002. The primary industries in the island state are tourism and defense.

3. New Jersey

Wealthiest States in the Us

Median Household Income: $85,751

With a population of about 9 million, the 11th most populous state is home to many leading biotech companies like Merck and Johnson & Johnson. Because it is close to New York City, many millionaires in the Garden State drive to work in finance in the Big Apple.

Even though New Jersey is one of the top three wealthiest states, Zillow says that its median home value, at $435,668, is much lower than that of other, less rich states on this list.

2. Massachusetts

Wealthiest States in the Us

Median Household Income: $85,843

The U.S. Census Bureau says that Massachusetts has the most people with bachelor's degrees per person. The state has almost 7 million people. Along with education, the Bay State's top industries are finance, health care, and technology. Zillow says the average value of a home in Massachusetts is $550,099.

READ MORE:-9 Most Luxurious Famous Jewelry Brands In The World: 2022!

1. Maryland

Wealthiest States in the Us

Median Household Income: $86,738

Statista says that in 2020, Maryland had the second highest number of millionaires per person. The mid-Atlantic state is the 18th most populous, with a little more than six million people.

Zippia says that the largest company in the state is Marriott International, which is based in Bethesda. Zillow says that the average value of a home in Maryland is $384,928.

Ethan Cosh
Ethan Coshhttps://michigansportszone.com
With One year of publishing experience as a fiction editor for MichiganSportsZone, I am focused on science fiction, fantasy, and the net worth of celebrities. Additionally, I love to play a little music, and I view the writer/editor teamwork as much as I do when performing music with friends.

Recent Articles

Comments

LEAVE A REPLY

Please enter your comment!
Please enter your name here

About Us

MichigansportsZone.com provides you with the latest entertainment blogs, technology, top news, and sometimes sports news and other latest news. With the increase in technology all want relevant and exact information about the blog. So, our aim is to provide clear-cut information about the articles to make your day happy and bind more and more users to the side of all topics covered in entertainment.

Contact us : michigansportszone.com@gmail.com

Most Popular