Listed here are the top ten states by per capita income in the United States.
The United States of America (USA) is a federal republic consisting of fifty individual states located in North America. Hawaii, an island state in the middle of the Pacific Ocean, and Alaska, the westernmost state in North America, round out the 50 states that make up the United States. The
The United States of America (USA) is a federal republic consisting of fifty individual states located in North America. Hawaii, an island state in the middle of the Pacific Ocean, and Alaska, the westernmost state in North America, round out the 50 states that make up the United States.
The contiguous United States is bounded on all sides by water: the Atlantic Ocean to the east, the Pacific Ocean to the west, Canada to the north, and Mexico and the Gulf of Mexico to the south.
After Russia, Canada, and China, the United States ranks as the world's fourth-largest country by land mass. Washington, home to the nation's capital and the District of Columbia, is where you'll find this location.
Diversity in the United States is one of the country's greatest strengths. Its natural environment ranges from the Arctic to the subtropics, including a lush rain forest, a parched desert, a rugged mountain top, and a flat prairie.
While the United States' overall population is large, its density is low. Largest urban areas and largest landscapes almost completely devoid of human habitation can be found in this country.
We based our decision on objective measures, such as the state's relatively high median household income and per capita GDP as well as statistics on education and poverty.
High technology, industrialization, and agriculture have all contributed to the growth of the world's wealthiest states.
This article briefly describes the ten most prosperous states in the United States.
Expenses in New York City are ,349
85,000 USD in Massachusetts
Earnings in Washington, DC: ,059
Sum Total: ,824
Price of living in California: ,771
Total: ,214 for the State of Delaware
Seventy-five thousand and one dollar in New Jersey
Total: ,500 for the State of Maryland
Seventy thousand and one hundred eighty-five dollars in North Dakota
Costing ,667 in the State of Illinois
New York is home to some of the world's wealthiest people, including A-list celebrities and billionaire hedge fund managers, and has a GDP per capita of ,349. ranks first in GDP per resident and median household income and ranks fourth in population among the states.
Most people who work on Wall Street, in the media and entertainment industry, and in the city's information technology sector in New York have at least a bachelor's degree and are likely to have attended one of the city's many prestigious universities.
Silicon Alley in New York City is home to numerous media companies like Squarespace, Spotify, and Behance, while other major tech hubs in the state include LG Electronics.
New York City, also known as "The Big Apple," is a popular vacation spot due to its well-known skyscrapers and other landmarks, attracting millions of visitors annually.
While New York has a higher-than-average poverty rate despite having a higher median household income than any other state in the union, it still ranks first in terms of overall wealth.
Massachusetts, the second-wealthiest and oldest state in the country, played a significant role in the development of American basic liberties, and has a GDP per capita of ,400.
Since the country's founding fathers charted its course, Massachusetts has evolved from a fertile farming region to a center of industry and, more recently, a center of technology and scientific discovery.
In the nineteenth century, Massachusetts experienced an economic boom due in large part to the state's booming maritime industry.
Many Massachusetts residents have become wealthy thanks to the biotechnology and banking industries, and the state is a major hub for venture capital investment on a national scale.
Large numbers of people are employed in industries like manufacturing and healthcare, and the tourism industry has seen significant growth in recent years thanks to the increasing popularity of popular tourist destinations like Boston and Cape Cod.
Recent statistics show that Massachusetts has a median household income that exceeds ,000, putting it on par with the other wealthy states in America.
Washington, located on the northeastern coast and named after the country's first president, George Washington, is the third-wealthiest state in the union (GDP per capita: ,059).
In spite of widespread belief to the contrary, Washington state is the leading wine producer in the United States. In addition to wine grapes, Washington state farmers also cultivate pears and cranberries.
Washington's position as the third wealthiest state can be attributed in large part to the state's booming agricultural sector, which includes the cultivation of a wide variety of vegetables as well as dry peas, lentils, and barley.
Approximately three-quarters of the landmass is devoted to commercial logging, while the remaining quarter is protected by national forests and parks.
Some of the largest companies in the country, including Boeing, Microsoft, and Amazon, all have significant local presences that contribute to the overall median income.
Washington has one of the lowest unemployment and poverty rates in the country and is home to numerous multibillionaires including Jeff Bezos and Bill Gates. (Just looking at Jeff Bezos's wealth gives you an idea of how much of a boost he gives to Washington state's economy. )
Connecticut has a GDP of ,824 per resident. Connecticut residents enjoyed the highest median income of any state in 2019 thanks to the state's booming economy. Its rapid declination from first to fourth place in just two years exemplifies how precarious the position of even the wealthiest states can be.
The elite level of education available in Connecticut, especially at Yale University, is a key factor in the state's ability to attract and retain talented professionals in the insurance and financial industries.
Though most of the state's workforce is employed in finance and real estate, agriculture in the state should still be thriving, especially with livestock and animal rearing as shade-grown tobacco that is exported for cigar wrappers.
Sewing machine, sewing pin, and clock factories have been replaced by high-tech businesses in Connecticut's dwindling manufacturing sector.
Despite the fact that the Connecticut economy brought in While the state's .7 billion GDP in 2018 was largely attributable to the finance, insurance, and real estate industries, the state also has close ties to a number of weapons producers.
Connecticut's secondary industries—including construction, retail, the arts and entertainment, and information services—help make it one of the nation's wealthiest states. The education and healthcare industries each contribute more than 300,000.
California has a per capita GDP of ,771.
The most populous state, California, is also the location of many high-paying jobs and some of the world's wealthiest celebrity couples thanks to its thriving entertainment industry. Many of these high-paying positions can be found in and around Hollywood.
This state's large population means that healthcare and education are two of its most important economic drivers. However, labor statistics show that the construction, agricultural, and technological sectors all employ sizable numbers of residents as well.
Silicon Valley in California is home to the headquarters of numerous global digital and social media corporations, including Apple, Twitter, Google, Yahoo, and PayPal, among many others.
More than a million people are employed in the travel and tourism sector in California, contributing to the state's status as one of the most prosperous in the United States.
Having a GDP of $3,120,386,000 and a median income of ,440, California is home to some of the wealthiest people and highest average wages in the world.
Despite being home to some of the world's wealthiest people, California also has some of the highest unemployment and poverty rates of any state, and many residents lack even the most fundamental forms of health care coverage.
Delaware has a per capita GDP of ,214.
The First State of the United States to ratify the Constitution, Delaware, is projected to have a GDP of ,214 and a median household income of ,805 in 2020, making it one of the wealthiest states in the country.
The U S According to the Census Bureau, the public sector in Delaware's small but diverse economy includes banking, farming, teaching, and healthcare.
Companies like DuPont, Bank of America, JPMorgan Chase, and AstraZeneca all call Delaware home. Thanks to its position on the East Coast, the state provides easy access to a number of major urban centers, including the nation's capital. C as well as Philadelphia
New Castle County, home to a sizable portion of Delaware's population, has enjoyed sustained economic growth and post-war chemical industry popularity, attracting continued investment from leading science firms.
Corn, soybeans, vegetables, and various fish, clams, and crabs all contribute significantly to the annual median household income in Delaware, as do the state's traditional agricultural industries.
Delaware is home to thousands of publicly traded U.S. companies, and its incorporation rate is higher than any other state's. S and overseas businesses because its incorporation regulations are so lax.
New Jersey has a per capita GDP of ,501.
It is one of the smallest states in the union and is completely encircled by New York. However, data on median income and GDP per capita are where it really shines.
Similarly to other prosperous U.S. states, New Jersey's labor market is dominated by the high-tech industries of biotechnology, pharmaceuticals, information technology, and finance.
It's not just tech companies that can be found in New Jersey; the state also produces food like fruit, nut, shellfish, and dairy.
As forests cover the vast majority of New Jersey, it stands to reason that this is also where the state's natural resources are concentrated. Zinc, iron, and manganese mining complement the pine plantations.
The high average home value in New Jersey is a reflection of the state's high median household income, which is significantly higher than the national average.
New Jersey has one of the lowest poverty rates in the United States, at an average of 10% across all age groups, making it one of the wealthiest states.
Maryland has a GDP per resident of ,500.
Because of the variety of raw materials and other bulk goods that can be shipped through the port of Baltimore, Maryland is one of the wealthiest states in the country, with a median household income of ,000.
Maryland has the highest median household income, making it the wealthiest state in the country in 2022, despite having the lowest median property value in the country compared to many other states.
The nation's capital is home to a large number of this state's residents. C , a factor that is crucial to its success There are many federal agencies in Maryland, including the National Institutes of Health, and the world's largest hotel chain, the Marriott International.
Aside from the large service sector, food, chemicals, electronics, metals, and other manufactured goods are also produced in Maryland's sizable manufacturing sector.
Maryland's most notable exports include crabs, along with perch, flounder, and shellfish like oysters.
According to 2013 data from the U.S. Census Bureau, Maryland had the highest median household income and the highest number of millionaires per capita. S Statisticians at the Census Bureau
Many of Maryland's high-paying jobs can be attributed to the state's plethora of biotechnology companies, which in turn owe much of their success to the state's abundance of research universities and strong ties to government agencies like the National Institutes of Health.
The low unemployment rate and robust job market in this state can be attributed in large part to its many beachside resort communities.
North Dakota, the 39th state to join the union, was named after the Sioux people of North America and has a GDP per capita of ,185. Its GDP per person is ,185 and its median income is ,185.
Towards the end of the twentieth century, a shift occurred in North Dakota's economy, which had previously relied heavily on fossil fuels and agriculture, and was eventually dominated by contact centers, travel companies, and financial institutions.
Despite recent declines in agriculture, North Dakota farms continue to produce a variety of grains including canola, wheat, flaxseed, corn, and sugar beets, all of which are grown for export.
Low unemployment is just one of the many advantages enjoyed by residents of this state.
The state of North Dakota has a diversified economy thanks in part to the presence of a thriving high-tech industry, especially in the city of Fargo, where Microsoft and Amazon each employ thousands of people.
North Dakota's Great Plains have been called "the Saudi Arabia of wind energy," and the region has received significant investment from green energy companies despite the decline in popularity of conventional fossil fuels in recent years.
The per capita gross domestic product is ,667. Because of its wide variety of industries, including manufacturing, mining, financial services, technology, and agriculture, the 10th wealthiest state, Illinois, has been called "a microcosm of all of America."
Growers of soybeans and corn in Illinois rely on the state's rich black soil. As an added bonus, the state is widely recognized as a leading producer of high-quality dairy products and livestock.
Food, computers, electronics, rubber, manufactured metals, and chemicals are all able to be powered by the abundant coal deposits in the tenth-richest state in the United States.
Whether it's the state's auto industry, the Amtrak commuter rail service, or the numerous financial organizations, including the Chicago Stock Exchange, Chicago is at the epicenter of Illinois' economy.
Despite the devastating fire of 1871, Chicago and the state of Illinois have thrived over time. During the time of Prohibition, they were a breeding ground for criminals like Al Capone and other bootleggers.
By examining the economics and history of the top-earning states in the United States, we can see how the industries that ultimately determine a nation's prosperity are in a constant state of flux.
Where traditional industries like manufacturing and agriculture once thrived, new ones that reflect the transition into the digital age have sprung up, reflecting a country and a world that are rapidly modernizing.
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