Which states in the entire United States are the wealthiest? In terms of medianincome, here is a list of the top 10 richest states in America.
10 California - $57,287
California is a state in the western part of the United States mainland. It is themost populous state in the entire country and the third largest in terms of area. It isresponsible for 13.1 percent of the country’s gross domestic product. In dollar terms,it has a larger GDP than Canada, Russia, Australia, Spain and India. The five majorindustries include trade and transportation, government, professional and businessservices, education and health, and hospitality and leisure. It is highly dependent oninternational commerce, which accounts for 25 percent of its economy. The medianincome in California is $57,287.
9 Delaware - $58,814
Delaware is a state located in the Mid-Atlantic region of the country. It is the secondsmallest state and the sixth least populous. It is known as “The First State” becauseit was the first one to ratify the Constitution. It is popular because of its reputationas a corporate haven because of its extremely business-friendly corporation law.More than half of all publicly traded companies in the country are incorporated in thestate, including 63 percent of the 500 biggest firms. The franchise taxes earned fromthese corporations account for around 20 percent of the state’s revenue. Delawareresidents earn a median income of $58,814.
8 Hawaii - $61,821
Hawaii is the only state in the United States that is made up entirely of islands. Itwas also the last state to join the Union, which it did in 1959. It has the fourth longestcoastline in the country. It has eight main islands and it is ethnologically part of thesub-region of Polynesia called Oceania. It is the only state with an Asian plurality. Itsmain exports are food and apparel. It is highly dependent on the U.S. military, whose$12.2 billion spending accounts for 18 percent of the state’s entire total. The medianincome in Hawaii is $61,821.
7 Virginia - $61,882
Virginia is a state located in the South Atlantic region of the United States. Itis popularly known as Old Dominion, though it is also called the “Mother ofPresidents” because it is the birth state of eight American presidents. The state’sGeneral Assembly is considered to be the oldest legislature in the entire Westernhemisphere. It has one of the lowest unemployment rates in the country. It also hasthe most counties in the list of 100 wealthiest in the entire country. It boasts of thehighest concentration of technology workers of any state. It is also the recipient ofthe fourth largest venture capital funding in the country. The median income in thestate is $61,882.
6 New Hampshire - $62,647
New Hampshire is a state in the northeast part of the country in a region called NewEngland. It is the fifth smallest state and the ninth least populous in the country. Itdoes not charge any broad sales or income tax, though it does have a statewideproperty tax. The state’s main outputs include agricultural products, like dairy items,nursery stock, cattle, eggs and apples, and industrial outputs, like electric equipment,machinery, rubber, plastic products and tourism. The median income in NewHampshire is $62,647.
5 Massachusetts - $62,859
Massachusetts is located in the New England region in the northeastern portionof the United States. It is the third most densely populated state and has thesixth highest GDP per capita. It has played a major role in historical, cultural andcommercial events in the country. Though it was originally dependent on the fishing,agriculture and trade sectors, the state became a center of manufacturing during theIndustrial Revolution. It is also a leader in higher education, health care, financialservices and high technology. The median income in the state is $62,859.
4 Connecticut - $65,753
Connecticut is the southernmost state of the New England region. It is the fourthmost densely populated state in the country. Also called the Constitution State, itplayed a lead role in the development of the federal government. It has a strongmaritime tradition because of its access to the Connecticut and Thames Rivers andthe ports along Long Island Sound. It also has a strong financial services industry.The state, however, has a huge income gap between the rich and the poor, withsome of its cities rated as the poorest and most dangerous in the entire country. Themedian income in the state is $65,753.
3 New Jersey - $67,458
New Jersey is located in the Northeastern and Middle Atlantic regions of the UnitedStates. It is considered as the center of the Northeast megalopolis, right between thenortheast cities of New York and Boston and the southwest centers of Philadelphia,Baltimore and Washington, D.C. This strategic location has enabled the state toexperience a rapid rate of growth due to suburbanization. The median income in thestate is $67,458.
2 Alaska - $67,825
Alaska is in the northwest extremity of the North American continent. It was originallypart of Russia before it was sold to the United States in 1867. It is the largest statein the country in terms of land area and also the least densely populated. Aroundhalf of the state’s inhabitants live in the metropolitan area of Anchorage. Oil, naturalgas and fish are abundant in the area, which helps tremendously in shoring up itseconomy. The median income in the state is $67,825.
1 Maryland - $70,004
Maryland is located in the Mid-Atlantic region of the United States. It is one of thesmallest states in terms of area, though it is has one of the highest populations andis considered as one of the most densely populated. The transportation sector, thegovernment and the food production industry support the economy. The medianincome in Maryland is $70,004.