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The Top 10 Richest States in America

Which states in the entire United States are the wealthiest? In terms of median income, here is a list of the top 10 richest states in America. 10. California - $57,287 California is a state in

Which states in the entire United States are the wealthiest? In terms of median

income, 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 the

most populous state in the entire country and the third largest in terms of area. It is

responsible 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 major

industries include trade and transportation, government, professional and business

services, education and health, and hospitality and leisure. It is highly dependent on

international commerce, which accounts for 25 percent of its economy. The median

income 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 second

smallest state and the sixth least populous. It is known as “The First State” because

it was the first one to ratify the Constitution. It is popular because of its reputation

as 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 the

state, including 63 percent of the 500 biggest firms. The franchise taxes earned from

these corporations account for around 20 percent of the state’s revenue. Delaware

residents 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. It

was also the last state to join the Union, which it did in 1959. It has the fourth longest

coastline in the country. It has eight main islands and it is ethnologically part of the

sub-region of Polynesia called Oceania. It is the only state with an Asian plurality. Its

main 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 median

income in Hawaii is $61,821.

7 Virginia - $61,882

Virginia is a state located in the South Atlantic region of the United States. It

is popularly known as Old Dominion, though it is also called the “Mother of

Presidents” because it is the birth state of eight American presidents. The state’s

General Assembly is considered to be the oldest legislature in the entire Western

hemisphere. It has one of the lowest unemployment rates in the country. It also has

the most counties in the list of 100 wealthiest in the entire country. It boasts of the

highest concentration of technology workers of any state. It is also the recipient of

the fourth largest venture capital funding in the country. The median income in the

state is $61,882.

6 New Hampshire - $62,647

New Hampshire is a state in the northeast part of the country in a region called New

England. It is the fifth smallest state and the ninth least populous in the country. It

does not charge any broad sales or income tax, though it does have a statewide

property 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 New

Hampshire is $62,647.

5 Massachusetts - $62,859

Massachusetts is located in the New England region in the northeastern portion

of the United States. It is the third most densely populated state and has the

sixth highest GDP per capita. It has played a major role in historical, cultural and

commercial events in the country. Though it was originally dependent on the fishing,

agriculture and trade sectors, the state became a center of manufacturing during the

Industrial Revolution. It is also a leader in higher education, health care, financial

services 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 fourth

most densely populated state in the country. Also called the Constitution State, it

played a lead role in the development of the federal government. It has a strong

maritime tradition because of its access to the Connecticut and Thames Rivers and

the 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, with

some of its cities rated as the poorest and most dangerous in the entire country. The

median 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 United

States. It is considered as the center of the Northeast megalopolis, right between the

northeast cities of New York and Boston and the southwest centers of Philadelphia,

Baltimore and Washington, D.C. This strategic location has enabled the state to

experience a rapid rate of growth due to suburbanization. The median income in the

state is $67,458.

2 Alaska - $67,825

Alaska is in the northwest extremity of the North American continent. It was originally

part of Russia before it was sold to the United States in 1867. It is the largest state

in the country in terms of land area and also the least densely populated. Around

half of the state’s inhabitants live in the metropolitan area of Anchorage. Oil, natural

gas and fish are abundant in the area, which helps tremendously in shoring up its

economy. 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 the

smallest states in terms of area, though it is has one of the highest populations and

is considered as one of the most densely populated. The transportation sector, the

government and the food production industry support the economy. The median

income in Maryland is $70,004.

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The Top 10 Richest States in America