The richest and the poorest??
It’s no secret that in some states folks are more well off than others. According to statistics, the median household income has gone up $1,500 between 2016 and 2017, and unemployment dropped to 4.4%. But even with all that good news there still remains a huge amount of income inequality in the U.S, and a new report reveals which states are doing better than others.
The website 24/7 Wall Street looked at U.S. Census Bureau data to come up with their list of the richest and poorest states in the country. Not surprisingly, most of the wealthiest states are concentrated in the West, mid-Atlantic and Northeast areas, while the poorest are in the South.
So which state ranks as the wealthiest? Well, turns out it’s still Maryland, with a median household income of $80,776. What’s more, the unemployment rate is just 4.1%, and the poverty rate is the second lowest in the country at 9.3%.
Top Ten Richest States In America
- Maryland
- New Jersey
- Hawaii
- Massachusetts
- Connecticut
- New Hampshire
- Alaska
- California
- Virginia
- Washington
On the flipside, the poorest state in the nation is West Virginia with a median household income of just $43,469, the lowest of any state in the nation. Plus the unemployment rate is the third highest in the country at 5.2%, and the poverty rate is at 19.1%, the fourth highest in the U.S.
The Ten Poorest States In America
- West Virginia
- Mississippi
- Arkansas
- Louisiana
- New Mexico
- Alabama
- Kentucky
- Oklahoma
- South Carolina
- Tennessee
Source: USA Today