If you are interested to find out about the Richest States in the United States today, you have come to the right place. putting together the richest states bores down to the residents’ income as well as the local state government’s revenue.
Howbeit, the state’s median household income varies significantly because of the job market, costs of living, and overall economic condition of each state.
So, with that being said, continue reading to find out the Richest States in America going by a recent survey.
Richest States In The United States (Recent Survey)
Before revealing the current Richest States in US, you must know that the outbreak of the Coronavirus had a great impact on the world economy causing businesses to shut down for almost an entire calendar year.
This tends to change the economies of nations including that of the United States. So, there is a likelihood of seeing changes from the previous year’s surveys.
Do you know that Maryland is the richest states in America today? now you know.
You can quickly surf through the list of Richest States in the US highlighted below.
- New Jersey.
- Washington D.C.
- New Hampshire.
Top 20 Wealthiest States In the US today.
- Median household income: $86,738
Maryland opens the curtain of our discussion as the number one state on the list of Richest States in the US. The state has consistently ranked high on this list for some years now because median income is the highest in the U.S. at $86,738.
Also, the Mid-Atlantic state is known to have very high education attainment, with about 40.2% of adults possessing a minimum of Bachelor’s degree qualification or higher. In addition, Maryland has one of the lowest poverty rates in the U.S. pegged at 9%.
- Median Household Income: $85,843
The Commonwealth of Massachusetts is considered the home for higher education and quality health care.
Aside from that, most of the employees in this state are engaged in the education and health services sector than any other state in the country with more than 751,000 as of December 2020.
This reflects highly in its median household income of $85,843.
#3. New Jersey
- Median Household Income: $85,751
New Jersey is the nation’s third-richest state, with a median household income of $85,751.
Emphatically, three counties in this state which are Somerset, Hunterdon, and Morris counties are ranked among the top 20 wealthiest per capita in the U.S. further buttressing the reason why New Jersey is not left out among the Richest states in America.
Furthermore, the state ranks high for the quality of education and educational attainment among all states, especially having the fourth-highest percentage of adults with a Bachelor’s degree qualification.
- Median Household Income: $83,102
Hawaii is the fourth state among the Richest States in US having a median household income is $83,102. This is not surprising because the state has one of the highest costs of living of any state.
Also, the poverty rate in Hawaii is relatively low at 9.3% below the national average and that’s because there is an approximately 118,000 government employee in Hawaii contributing to the wealth of the state.
- Median Household Income: $80,440
The United State of California is the nation’s most populous state, and it has the fifth-highest median household income of $80,440.
The unemployment rate in the state remains at 8.3%. Also, California is home to many global superpower companies most of which are located in Silicon Valley, contributing to the wealth of the state. interestingly, California is ranked as one of the country’s wealthiest and most socially and politically influential.
- Median Household Income: $78,833
Connecticut is the third smallest state by area in the United States, but on our list of Richest states in America, it is the sixth richest state with a median household income of $78,833.
Also, the state is home to several key employers in consumer goods and pharmaceuticals, including Pfizer, Amazon, and Duracell.
In addition, Connecticut is home to other top industries that offers advanced manufacturing, bioscience, green technology, insurance, and financial services.
#7. Washington D.C.
- Median Household Income: $78,687
The State of Washington is famously known globally as the capital of the United States.
Interestingly, it also ranks among the Richest States in the US thanks to Washington’s government known to be among the more prominent employers of labor in the state, with an estimated 545,000 employees working in the public sector as of December 2020.
#8. New Hampshire
- Median household income: $77,933
New Hampshire is not left out among the Richest states in America and it has the Higher education and health care sector to thank for its high employment rate with over 117,000 workers engaged in both sectors.
This further contributes to the state’s median household income of $77,933. Also, New Hampshire has consistently recorded one of the lowest unemployment rates in the country.
- Median Household Income: $77,127
The trade, transportation, and utility industries are the most prominent employers of labor in Colorado with approximately 485,000 workers actively engaged in the three-sector as of December 2020.
Importantly, cities such as Denver, Boulder, and Colorado Springs are known for their diverse economies and plenty of opportunities which is reflected in the state’s median household income of $77,127.
- Median Household Income: $76,456
Bringing us to the end of our discussion on the Richest States in America is the United State of Virginia. The fact that the state is home to five of the wealthiest counties in the country alone, shows how wealthy the state is.
Plus, its median household income of $76,456. Also, the poverty rate in the state is at a record low.
other countries include the following;
#11. Colorado – Median household income: $63,909
#12. Minnesota – Median household income: $63,488
#13. Utah – Median household income: $62,912
#14. Delaware – Median household income: $61,255
#15. New York – Median household income: $60,850
#16. North Dakota – Median household income: $60,557
#17. Wyoming – Median household income: $60,214
#18. Illinois – Median household income: $59,588
#19. Rhode Island – Median household income: $58,073
#20. Vermont – Median household income: $56,990
Read Also: Top 10 Richest Countries In Europe
The above states median household income is above the national level which makes them the Richest States in the United States going to a recent survey.
There are several factors responsible such as high employment rate, industrialization, good policies, etc. interestingly, most of the states mentioned above have low unemployment rates compared to other states in the country.