Top Ten States Where Richest People Live
Posted: Wed Nov 20, 2013 9:47 am
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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 2012 American Community Survey, as well as unemployment data provided by the Bureau of Labor Statistics for 2012 and came up with a top 10 list of the richest states.
1. Maryland
Median household income: $71,122
Unemployment rate: 6.8 percent
Fun fact: Maryland is the only state in the country with a median household income over $70,000. Nearly 11 percent of households earned $200,000 or more in 2012.
2. New Jersey
Median household income: $69,667
Unemployment rate: 9.5 percent
Fun fact: More than 11 percent of households had an income of at least $200,000 in 2012, a higher percentage than any other state except Connecticut and nearly double the national rate.
3. Alaska
Median household income: $67,712
Unemployment rate: 7 percent
Fun fact: Alaska's oil production boosts residents' personal income. Most Alaskan citizens receive a check for dividend payments from the state's reinvested oil savings.
4. Connecticut
Median household income: $67,276
Unemployment rate: 8.4 percent
Fun fact: Fully 11.5 percent of Connecticut households earned at least $200,000 in 2012, the most in the United States.
5. Hawaii
Median household income: $66,259
Unemployment rate: 5.8 percent
Fun fact: Over 16 percent of Hawaiians work in arts and entertainment, recreation, accommodation and food services, the second highest percentage in the country, an indication of the state's strong retirement and tourism economy.
6. Massachusetts
Median household income: $65,339
Unemployment rate: 6.7 percent
Fun fact: The many colleges and universities in the Boston area are a major source of high-paying jobs in Massachusetts. Nearly 28 percent of working residents in the commonwealth are employed in education, health care or social assistance, the most in the nation.
7. New Hampshire
Median household income: $63,280
Unemployment rate: 5.5 percent
Fun fact: In addition to being one of the wealthiest states in the nation, New Hampshire had the lowest poverty rate in 2012 with only 10 percent living below the poverty line.
8. Virginia
Median household income: $61,741
Unemployment rate: 5.9 percent
Fun fact: Nearly 10 percent of Virginia's households earned at least $200,000 in 2012, one of the highest rates nationally. This is due in large part to the 15 percent of the commonwealth's workforce that is in high-skilled professional, scientific and management positions. That is more than any state except Maryland.
9. Minnesota
Median household income: $58,906
Unemployment rate: 5.6 percent
Fun fact: Minnesota had one of the lowest unemployment rates in the country in 2012 at 5.6 percent, compared with a national rate of 8.9 percent.
10. Delaware
Median household income: $58,415
Unemployment rate: 7.1 percent
Fun fact: Fully 10 percent of Delaware residents hold higher-paying jobs in finance, insurance and real estate.
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 2012 American Community Survey, as well as unemployment data provided by the Bureau of Labor Statistics for 2012 and came up with a top 10 list of the richest states.
1. Maryland
Median household income: $71,122
Unemployment rate: 6.8 percent
Fun fact: Maryland is the only state in the country with a median household income over $70,000. Nearly 11 percent of households earned $200,000 or more in 2012.
2. New Jersey
Median household income: $69,667
Unemployment rate: 9.5 percent
Fun fact: More than 11 percent of households had an income of at least $200,000 in 2012, a higher percentage than any other state except Connecticut and nearly double the national rate.
3. Alaska
Median household income: $67,712
Unemployment rate: 7 percent
Fun fact: Alaska's oil production boosts residents' personal income. Most Alaskan citizens receive a check for dividend payments from the state's reinvested oil savings.
4. Connecticut
Median household income: $67,276
Unemployment rate: 8.4 percent
Fun fact: Fully 11.5 percent of Connecticut households earned at least $200,000 in 2012, the most in the United States.
5. Hawaii
Median household income: $66,259
Unemployment rate: 5.8 percent
Fun fact: Over 16 percent of Hawaiians work in arts and entertainment, recreation, accommodation and food services, the second highest percentage in the country, an indication of the state's strong retirement and tourism economy.
6. Massachusetts
Median household income: $65,339
Unemployment rate: 6.7 percent
Fun fact: The many colleges and universities in the Boston area are a major source of high-paying jobs in Massachusetts. Nearly 28 percent of working residents in the commonwealth are employed in education, health care or social assistance, the most in the nation.
7. New Hampshire
Median household income: $63,280
Unemployment rate: 5.5 percent
Fun fact: In addition to being one of the wealthiest states in the nation, New Hampshire had the lowest poverty rate in 2012 with only 10 percent living below the poverty line.
8. Virginia
Median household income: $61,741
Unemployment rate: 5.9 percent
Fun fact: Nearly 10 percent of Virginia's households earned at least $200,000 in 2012, one of the highest rates nationally. This is due in large part to the 15 percent of the commonwealth's workforce that is in high-skilled professional, scientific and management positions. That is more than any state except Maryland.
9. Minnesota
Median household income: $58,906
Unemployment rate: 5.6 percent
Fun fact: Minnesota had one of the lowest unemployment rates in the country in 2012 at 5.6 percent, compared with a national rate of 8.9 percent.
10. Delaware
Median household income: $58,415
Unemployment rate: 7.1 percent
Fun fact: Fully 10 percent of Delaware residents hold higher-paying jobs in finance, insurance and real estate.
