Netscape What's New
What's New Today   Recent What's New Stories   News Search
 

 
 
 
 
Top 10 States Where the Richest People Live

How rich is rich?

Rich enough to be comfortable. Rich enough to be able to pay all the bills on time and still have money left to play. Rich enough to not have to worry--at least, too much.

The U.S. Census Bureau defines rich as households making more than $200,000 a year, the highest wealth division compiled in census reports. That's not Bill Gates rich, but it's still rich enough that it only applies to less than 4 percent of all U.S. households.

So where do the rich people live? 24/7 Wall Street analyzed state data on income from the U.S. Census Bureau's 2015 American Community Survey, as well as unemployment data provided by the Bureau of Labor Statistics for 2014 and 2015 and came up with a top 10 list of the richest states.

For comparison's sake, the national median household income is $55,775.

1. Maryland
Median household income: $75,847
Unemployment rate: 5.2 percent
Fun Fact: Maryland is the only state in the country with a median household income of more than $75,000. The state's prosperity can be partially explained by the residents' high levels of education with 38 percent holding at least a bachelor's degree.

2. Hawaii
Median household income: $73,486
Unemployment rate: 3.6 percent
Fun Fact: The median home value in paradise, a state that attracts some of the world's wealthiest individuals, is a whopping $566,900.

3. Alaska
Median household income: $73,355
Unemployment rate: 6.5 percent
Fun Fact: Alaska relies heavily on its traditionally high-paying oil industry with 5.6 percent of Alaskan workers employed in agriculture, forestry, fishing, hunting and mining (which includes oil), the sixth highest of any state.

4. New Jersey
Median household income: $72,222
Unemployment rate: 5.6 percent
Fun Fact: Just under 11 percent of households had an income of at least $200,000 in 2015, while more than 37 percent of residents have at least a bachelor's degree.

5. Connecticut
Median household income: $71,346
Unemployment rate: 5.6 percent
Fun Fact: Connecticut's median home value of $270,900 is among the highest in the nation.

6. Massachusetts
Median household income: $70,628
Unemployment rate: 5 percent
Fun Fact: The commonwealth is home to many of the nation's most prestigious universities, which may be one reason residents of Massachusetts have the highest college attainment rate in the nation with 41.5 percent holding at least a bachelor's degree.

7. New Hampshire
Median household income: $70,303
Unemployment rate: 3.4 percent
Fun Fact: In addition to being one of the wealthiest states in the nation, New Hampshire had the lowest poverty rate in 2015 with only 8.2 percent living below the poverty line.

8. Virginia
Median household income: $66,262
Unemployment rate: 4.4 percent
Fun Fact: Higher incomes in Virginia are partially the result of a relatively healthy job market. The 2015 unemployment rate in the commonwealth was only 4.4 percent, nearly a full percentage point below the national unemployment rate.

9. California
Median household income: $64,500
Unemployment rate: 6.2 percent
Fun Fact: The typical home in California is worth $449,100, more than double the value of the typical American home.

10. Washington
Median household income: $64,129
Unemployment rate: 5.7 percent
Fun Fact: Although Washington is the 10th wealthiest state in the nation, it is not without economic challenges. In 2015, 5.7 percent of workers were unemployed and 14.5 percent of households relied on food stamps, compared to the national rate of 12.8 percent.

--From the Editors at Netscape

 
 
 
 
  
Copyright © 2017 Oath Inc. All rights reserved. Legal Notices | Privacy Policy | About Our Ads