Ranking the states

11. Colorado
> Median household income: $63,909
> Population: 5,456,574 (22nd highest)
> 2015 Unemployment rate: 3.9% (10th lowest)
> Poverty rate: 11.5% (14th lowest)

Incomes in Colorado have increased meaningfully in 2015, while the food stamp recipiency rate fell. The typical household in the state earns $63,909 a year, up from $61,351 in 2014.

Only 8.4% of state residents rely on food stamps, down half a percentage point from 2014.

The 3.9% unemployment rate in 2015 was one of the lowest in the country and a marked improvement over the 5.0% unemployment rate in 2014.




http://247wallst.com/special-report/2016/09/15/americas-richest-and-poorest-states-4/9/
 
10. Washington
> Median household income: $64,129
> Population: 7,170,351 (13th highest)
> 2015 Unemployment rate: 5.7% (15th highest)
> Poverty rate: 12.2% (17th lowest)

At $64,129, the annual median household income in Washington is the 10th highest of all states.

Washington’s relatively high educational attainment rate partly accounts for the higher incomes. Of adults in the state, 34.2% have a bachelor’s degree compared to 30.6% of adults nationwide.

The typical Washington home is worth $284,000, one of the highest values nationwide.

Last year, 5.7% of workers were unemployed, the 15th highest jobless rate nationally.

14.5% of households rely on food stamps, a slightly larger share than the national 12.8% recipiency rate.




http://247wallst.com/special-report/2016/09/15/americas-richest-and-poorest-states-4/10/
 
9. California
> Median household income: $64,500
> Population: 39,144,818 (the highest)
> 2015 Unemployment rate: 6.2% (7th highest)
> Poverty rate: 15.3% (19th highest)

A typical California household earns $64,500 a year, far higher than the national median income of $55,775.

The typical home in the state is worth $449,100, more than double the value of the typical American home.

Although California is home to some of the wealthiest individuals nationwide, 15.3% of state residents live in poverty.

California is one of a handful of rich states with poverty rates above the national poverty rate of 14.7%. Indeed, income inequality is more pervasive in California than in all but three other states.




http://247wallst.com/special-report/2016/09/15/americas-richest-and-poorest-states-4/10/
 
8. Virginia
> Median household income: $66,262
> Population: 8,382,993 (12th highest)
> 2015 Unemployment rate: 4.4% (17th lowest)
> Poverty rate: 11.2% (11th lowest)

Higher educational levels typically lead to higher earning power. In Virginia, 37.0% of adults have a bachelor’s degree, a larger share than in all but five other states.

Incomes are higher than average in the state. The state is home to a larger share of households earning at least $200,000 a year than the country. It is also home to a smaller share of households earning less than $10,000 a year than the country as a whole.

With more higher earners and fewer low earners, a typical Virginia household earns about $10,500 more than the typical American household.

Higher incomes are also partially the result of a relatively healthy job market. The 2015 unemployment rate in the state was only 4.4%, nearly a full percentage point below the national unemployment rate.



http://247wallst.com/special-report/2016/09/15/americas-richest-and-poorest-states-4/10/
 
7. New Hampshire
> Median household income: $70,303
> Population: 1,330,608 (10th lowest)
> 2015 Unemployment rate: 3.4% (4th lowest)
> Poverty rate: 8.2% (the lowest)

A typical New Hampshire household earns $73,303 a year, nearly $15,000 more than the typical American household.

The median New Hampshire home value of $244,500 is among the higher values nationwide.

New Hampshire’s relatively high education attainment rates partly accounts for the high incomes in the area. More than 35.7% of state adults have at least a bachelor’s degree compared to 30.6% of adults nationally. Similarly, while 87.1% of the country’s adults have graduated from high school, 93.1% of New Hampshire’s adults have, second most in the country.


http://247wallst.com/special-report/2016/09/15/americas-richest-and-poorest-states-4/10/
 
6. Massachusetts
> Median household income: $70,628
> Population: 6,794,422 (15th highest)
> 2015 Unemployment rate: 5.0% (24th lowest)
> Poverty rate: 11.5% (14th lowest)

Massachusetts is one of only a handful of states to report a median household of more than $70,000 annually.

The state is home to some of the nation’s most prestigious universities, and fittingly boasts the highest college attainment rate of any state at 41.5%. By contrast, 30.1% of adults nationwide have at least a bachelor’s degree.

One in every 10 households in the state earns $200,000 or more each year, the third highest such share of any state.

The median home value of $352,100 in the state is among the highest nationwide.




http://247wallst.com/special-report/2016/09/15/americas-richest-and-poorest-states-4/10/
 
5. Connecticut
> Median household income: $71,346
> Population: 3,590,886 (22nd lowest)
> 2015 Unemployment rate: 5.6% (18th highest)
> Poverty rate: 10.5% (6th lowest)

A typical Connecticut household earns $71,346 in a year, considerably higher than the national median income of $55,775.

Connecticut’s median home value of $270,900 is among the highest nationwide.

A portion of every state’s population is extremely wealthy, and the share of such high earners is especially large in Connecticut. More than one in 10 households earn $200,000 or more a year.

Connecticut’s relatively high education attainment rate partially accounts for the high incomes in the area. More than 38.3% of adults have at least a bachelor’s degree compared to 30.6% nationally.




http://247wallst.com/special-report/2016/09/15/americas-richest-and-poorest-states-4/11/
 
4. New Jersey
> Median household income: $72,222
> Population: 8,958,013 (11th highest)
> 2015 Unemployment rate: 5.6% (18th highest)
> Poverty rate: 10.8% (8th lowest)

While New Jersey households report some of the highest incomes in the nation, living in the state is not cheap. Goods and services cost an average of 14.5% more in New Jersey than across the country.

The median home value of $322,600 in New Jersey is considerably higher than the national median home value of $194,500.

Few states have a higher proportion of high-income households than New Jersey, where 10.9% earn $200,000 or more a year.

More than 37.6% of adults have at least a bachelor’s degree, compared to 30.6% nationally.




http://247wallst.com/special-report/2016/09/15/americas-richest-and-poorest-states-4/11/
 
3. Alaska
> Median household income: $73,355
> Population: 738,432 (3rd lowest)
> 2015 Unemployment rate: 6.5% (4th highest)
> Poverty rate: 10.3% (5th lowest)

A typical Alaska household earns $73,355 annually, nearly $18,000 more than the typical American household.




http://247wallst.com/special-report/2016/09/15/americas-richest-and-poorest-states-4/11/
 
2. Hawaii
> Median household income: $73,486
> Population: 1,431,603 (11th lowest)
> 2015 Unemployment rate: 3.6% (6th lowest)
> Poverty rate: 10.6% (7th lowest)

With its picturesque island scenery, Hawaii attracts some of the world’s wealthiest individuals.

The state is also home to some of the more valuable real estate. Hawaii’s median household income trails only Maryland as the highest in the country, and the median home value of $566,900 is the highest of any state and several times greater than the national median home value of $194,500.

Even the richest states do not necessarily have especially healthy job markets, but Hawaii’s unemployment rate of 3.6% in 2015 was one of the lowest in the country.



http://247wallst.com/special-report/2016/09/15/americas-richest-and-poorest-states-4/11/
 
1. Maryland
> Median household income: $75,847
> Population: 6,006,401 (19th highest)
> 2015 Unemployment rate: 5.2% (24th highest)
> Poverty rate: 9.7% (2nd lowest)

Maryland leads the nation with a median annual household income of $75,847.

The state’s poverty rate of less than 10% is also nearly the lowest of any state.

More than 38% of adults have at least a college degree, many of whom are likely among the state’s high-income residents. The state also contains Washington D.C., home to some of the nation’s highest-paying occupations.



http://247wallst.com/special-report/2016/09/15/americas-richest-and-poorest-states-4/11/
 
50. Mississippi
> Median household income: $40,593
> Population: 2,992,333 (19th lowest)
> 2015 Unemployment rate: 6.5% (4th highest)
> Poverty rate: 22.0% (the highest)

With 2015 median household income unchanged from 2014, Mississippi is once again the poorest state in the country.

The typical Mississippi household earned $40,593 last year, well below the national median income of $55,775.

Mississippi also has the highest poverty rate in the country, with 22.0% of residents living below the poverty line.

A relatively large share of state households are very poor.

Some 11.5% earn $10,000 or less annually, the highest extreme poverty rate of any state.

Similarly, there are relatively few affluent households in the state. Only 2.1% of Mississippi households earn $200,000 or more a year, the lowest such share.


http://247wallst.com/special-report/2016/09/15/americas-richest-and-poorest-states-4/2/


Mississippi, #50
 
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