Top 10 Richest States in America to Live in
This article contains the list of the top richest states in America that you can live in. America which is one of the strongest and richest nations in the world has a lot of states with potential, resources, and incomes.
What is the Richest State in America?
To determine the richest state in America, the Gross Domestic Profit (GDP) or Median household income is used. The median household income is the average amount of income each family takes home to survive and build wealth, while the Gross Domestic Profit is the amount generated from different industries by a state annually.
Hence, in this article, we will be taking into consideration of different states’ median household income to rank the richest states in the USA. See the Top 10 Richest Countries in Europe
Are you planning to relocate to the US? Find below the list of the top 10 richest states in America that you can live in.
Top 10 Richest States in America, USA.
Taking into consideration of the median household income, below are the top richest states in the united states to live in.
10. Virginia
Virginia is currently one of the richest states in America. The southeastern state is the 10th state to join the United States union on the 25th of June 1788. Virginia which is tagged ‘Old Dominion’ or the ‘mother of President’ has a capital city ‘Richmond’.
With a median household income of $76,456, only about 6% of the population are living below poverty. This is not surprising as the state is filled with many technological companies, tobacco farming companies, manufacturing companies, and other large companies. Hence, Virginia is one of the wealthiest states in the USA to live in.
9. Colorado
Colorado which has its capital city as ‘Denver’ is one of the richest states in America to live in. With a population of 5.7 million people and 104, 094 meter square area, Colorado is the 21st most populous state and 8th largest state in the USA respectively.
The average median household income in Colorado is around $77,122 which is quite good with low tax rates. Check out the Top 10 Richest Cities In Texas
8. New Hampshire
Next on our list of the top richest states in America is New Hampshire, a state in the New England region of the US.
Being one of the 13 original colonies of the US, New Hampshire joined the United States union on June 21, 1788. The state whose capital city is ‘Concord’ is filled with natural resources such as granite and mountains. Hence, New Hampshire has been tagged ‘the granite state’ or the ‘white mountain state’.
Also, New Hampshire has a controversial tax system that leaves the population with little or no income tax afterward. With a median household income of $77,933, New Hampshire is one of the top richest states in the united states to live.
7. Washington
Washington not to be confused with Washington DC is another top richest state in America. The Evergreen State is blessed with natural resources and filled with top tech companies. As a result, the standard of living and economic well-being is good with 6% of the population living below poverty.
The state which is located in the Nothern region of the west of the US has its capital city named Olympia. Washington is home to many tech billionaires, celebrities, and other popular figures. With a median household income, Washington is one of the richest states in America you can live in.
6. Connecticut
Connecticut is another rich state in the US that is blessed with serene and beautiful environment. The State which is located in the Southern part of New England in the US has its Capital city named Hartford.
With low tax rates and a good median household income of $78,883, Connecticut is a good state to live in America.
5. Hawaii
Ever heard of the beautiful Hawaii? It is one of the wealthiest states in America. Due to its beautiful and serene environment, Hawaii attracts a whole lot of travelers and tourists which brings a decent income yearly. Check out theMost Visited Cities in The World
Apart from that, the western state has low unemployment rates and income tax rates. With a median household income rate of $83,102, Hawaii is one of the top richest states in America to live.
4. California
California which is tagged ‘the Golden State’ is one of the top richest states in America. The state which is located in the western region has seen a whole lot of tech companies including giants like Google, Facebook, Apple, and others.
Further, the states have a lot of beautiful and classic places and areas dominated by Hollywood stars, celebrities, tech experts, and so on. California also has a wide array of lands that boosts its agricultural activities.
With an average median household income of $80,440, California is ranked 4th on our list of the richest states in the United States of America.
3. New Jersey
New Jersey with its capital city, Trenton is one of the richest states/cities in the US to live in. The state which is located in the Northeastern region of the USA was the third state to join the United States union in 1787.
With an average median home value of $386,919 and a median household income of $85,751, New Jersey is one of the wealthiest states in the US. Check out the Top 10 Smallest Towns in The World
2. Massachusetts
Massachusetts with its capital city, Boston is filled with a whole lot of universities including the reputable Havard University. Thus, giving rise to a whole lot of graduates and white-collar jobs in different industries. Some of which are not limited to Tech, Finance, Education, and so on.
With a high rate of educated people and a good median household income of $85,843, Massachusetts is one of the richest states in America you can live in
1. Maryland
Maryland which was admitted to join the United States union on April 28, 1788, is one of the richest states in the US. The state which has its capital city to be Annapolis is home to many corporate companies and governmental and non-governmental organizations.
Also, the state has one of the lowest unemployment rates at 3.89%. With a median household income of $86,738, Maryland is currently the richest state in America.
Final Thoughts on the Richest States in America
The above-listed top richest state in America was determined by considering the median household income which is the amount of income made by an average family in the state. We hope you find this article helpful.
