Median Family Income for Family of 3 in 2018

From 2016 to 2017, the U.South. economy improved in several key metrics. The median household income increased past more than than $i,500, unemployment dropped from 4.nine percent to 4.iv percentage, and the poverty rate barbarous from 14.0 percent to 13.4 per centum.

While this is good news, the effects weren't felt every bit across all l states, and much of the gains in median household income went to households that were already wealthy. Income inequality in the U.S. remains high and incomes vary dramatically at the state level as well. The typical household in the wealthiest state earns over $37,000 more than each twelvemonth than the typical household in the poorest land.

The South holds a college-than-boilerplate concentration of the poorest states in the country. Many of the wealthiest are coastal states in the Westward, Mid-Atlantic, and Northeast regions. Both states outside of the lower 48 — Alaska and Hawaii — are among the ten richest states.

24/7 Wall Street ranked all 50 states co-ordinate to the newly-released median household income figures from the U.Southward. Census Bureau's 2017 American Community Survey.

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50. West Virginia

• Median household income: $43,469
• Population: i,815,857 (13th lowest)
• 2017 unemployment rate: 5.2 percent (3rd highest)
• Poverty rate: 19.1 percent (4th highest)

West Virginia has the lowest median annual household income of any land. An estimated 20.two percent of West Virginia adults hold at least a bachelor's caste — the lowest rate of any land past more than than a full percentage indicate. Nationwide, some 32.0 percent of adults are higher graduates. Those with college degrees are more probable to work in a higher-paying job in a highly specialized career field than those without. West Virginia likewise ranks among the worst in a number of other key socioeconomic indicators, including unemployment rate, poverty rate, and the per centum of families who earn less than $10,000. The U.Due south. economic system continues to improve, merely Westward Virginia has non benefitted as much as the bulk of states from this improvement. It was i of a handful of states in which the median household income did not increase between 2013 and 2017.

49. Mississippi

• Median household income: $43,529
• Population: 2,984,100 (17th lowest)
• 2017 unemployment charge per unit: 5.1 percent (4th highest)
• Poverty charge per unit: 19.8 percent (the highest)

Almost one out of every 5 people in Mississippi live in poverty. At xix.8 percent, no other state has a college poverty rate. Like many of America's other least wealthy states, Mississippi'due south unemployment charge per unit is well above the U.S. unemployment rate. Further, employed state residents are more than likely than workers in most other states to be employed in the education or manufacturing industries, which tend to be lower paying. Mississippi workers also are some of the least likely to be employed in the college paying information and finance sectors. In 2013, Mississippi'south median household income was the lowest in the country, but it rose by more than $iii,300 past 2017, putting it ahead of West Virginia's.

48. Arkansas

• Median household income: $45,869
• Population: 3,004,279 (19th lowest)
• 2017 unemployment charge per unit: 3.7 percent (18th everyman)
• Poverty charge per unit: 16.4 pct (7th highest)

Arkansas is the only state with a median household income beneath $50,000 and a relatively depression unemployment rate. Simply three.seven percent of the state's labor force is unemployed, compared to the 4.4 percent national unemployment rate. As the jobless earn no income, high unemployment can significantly drive down median household incomes. But 23.iv percent of Arkansas adults have a 4-twelvemonth college degree, 1 of the lowest shares in the country. Poverty and lower educational attainment are cyclically related. Those living in poverty often cannot afford a higher didactics. At the same fourth dimension, lower education levels foreclose many from exiting poverty every bit higher-paying jobs frequently require a college degree.

47. Louisiana

• Median household income: $46,145
• Population: 4,684,333 (25th highest)
• 2017 unemployment rate: 5.1 percent (5th highest)
• Poverty rate: 19.7 percent (2nd highest)

Louisiana is tied with New Mexico for the 2nd highest poverty charge per unit of all states, at 19.seven percent. The state too has the second highest share of households that alive in extreme poverty. Some 10.iii percentage of households earn less than $10,000 annually, as compared to 6.five percent of U.S. households. Louisiana has one of the highest state unemployment rates at 5.1 percent. The national unemployment charge per unit is 4.4 percent. The state's relatively loftier share of workers without an income helps explain why such a high share of residents and households live in poverty and farthermost poverty.

46. New Mexico

• Median household income: $46,744
• Population: two,088,070 (15th everyman)
• 2017 unemployment rate: 6.2 percent (second highest)
• Poverty charge per unit: xix.7 percent (3rd highest)

New Mexico'south median household income of $46,744 a yr is fifth everyman of all states. The country's unemployment rate is i of the highest nationwide. A relatively big share of New United mexican states households live on very lilliputian income. Some 9.7 percent of households in the land report annual incomes of less than $x,000 a year. New Mexico is ane of simply vi states that did not feel a significant increase in median household income over the past five years.

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45. Alabama

• Median household income: $48,123
• Population: 4,874,747 (24th highest)
• 2017 unemployment rate: iv.4 percent (22nd highest)
• Poverty rate: 16.nine percent (6th highest)

There are signs that finances are improving for Alabama residents. From 2013 to 2017, the country'due south median household income increased by more than $3,000. Despite a depression level of unemployment, Alabama's median household income is yet one of the everyman in the state. This may be at least partially due to the fact that many workers in the state are employed in depression-paying industries. Some 14.3 percentage of Alabama workers work in the manufacturing industry, which typically does not pay well. The country also had one of the lowest shares of workers — 1.4 pct — employed in the higher-paying data industry.

44. Kentucky

• Median household income: $48,375
• Population: 4,454,189 (25th everyman)
• 2017 unemployment rate: iv.9 pct (9th highest)
• Poverty rate: 17.ii percent (5th highest)

Kentucky'south median household income of $48,375 a year, which is 7th lowest amongst states, is likely hampered by relatively low educational attainment rates in the state. Just 86.3 percent of Kentucky adults graduated high schoolhouse, and merely 24.0 per centum have at to the lowest degree a bachelor's degree — both among the everyman rates in the country. Higher levels of teaching can open the door to ameliorate job opportunities.

43. Oklahoma

• Median household income: $50,051
• Population: 3,930,864 (23rd lowest)
• 2017 unemployment charge per unit: 4.three percent (23rd highest)
• Poverty rate: 15.8 percentage (8th highest)

Property values in an area tin be a good indicator of the strength of a regional economy. Higher habitation values imply greater demand and prove residents are able to beget higher prices. Home prices in Oklahoma are among the lowest of any state. The typical dwelling house in the state is valued at only $137,400, more than $80,000 below the U.S. median. Incomes have remained relatively stagnant in Oklahoma over the by yr.

42. South Carolina

• Median household income: $50,570
• Population: five,024,369 (23rd highest)
• 2017 unemployment rate: four.iii pct (24th highest)
• Poverty charge per unit: 15.iv pct (9th highest)

Southward Carolina's median household income of $50,570 a year is nearly $10,000 less than the U.S. median. In add-on to generally having lower incomes, South Carolina likewise has a relatively high share of households living in extreme poverty. Amid Southward Carolina households, eight.1 percent report incomes of less than $10,000, compared to half-dozen.5 pct of U.South. households.

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41. Tennessee

• Median household income: $51,340
• Population: 6,715,984 (16th highest)
• 2017 unemployment charge per unit: 3.7 percent (17th lowest)
• Poverty rate: 15.0 percent (10th highest)

Tennessee rounds out the ten states with the lowest median household incomes. Tennessee had the eighth lowest median household income in 2016. But country income increased significantly over the next year, and equally a issue South Carolina's ranking improved.

A relatively high share of workers in the state is employed in lower-paying, blue neckband industries. The land has amid the highest shares of people working in manufacturing, transportation and warehousing, and utilities. This may as well explain why Tennessee's median household income is one of the lowest, despite also having one of the lower unemployment rates. Some 3.7 percent of the state'southward labor force is out of piece of work — a total percentage bespeak improvement from the previous year.

40. Idaho

• Median household income: $52,225
• Population: one,716,943 (12th everyman)
• 2017 unemployment rate: 3.2 percent (9th lowest)
• Poverty rate: 12.8 percent (25th everyman)

Idaho has i of the everyman shares of wealthy households in the land. Just 3.3 percent of Idaho households earn $200,000 or more — less than one-half of the national share. At that place is, of course, more than road to success and wealth, but those who graduate higher are more likely to earn loftier wages than those who do not. Just 26.8 percent of Idaho adults have earned at to the lowest degree a bachelor's caste as compared to 32.0 percent of Americans adults.

39. Florida

• Median household income: $52,594
• Population: 20,984,400 (3rd highest)
• 2017 unemployment charge per unit: four.ii per centum (25th everyman)
• Poverty charge per unit: xiv.0 percent (17th highest)

Florida's median annual household income of $52,594 is one of the lowest in the country and well below the U.Southward. median of $threescore,336. With nigh 21 meg residents, Florida is one of the most populous states. A high share of Sunshine State households need assistance buying food. Some 13.half dozen per centum of households in the state rely on Supplemental Nutrition Assistance Programme — or SNAP — benefits, the program known formerly as food stamps — to help buy nutritious food. Some fourteen.0 percent of Florida residents live in poverty, and 6.nine per centum of households earn less than $ten,000, both among the highest rates of all states.

38. North Carolina

• Median household income: $52,752
• Population: 10,273,419 (9th highest)
• 2017 unemployment rate: 4.vi percent (17th highest)
• Poverty rate: 14.7 percent (13th highest)

Some fourteen.7 percent of North Carolina residents alive below the poverty line, one of the higher poverty rates in the country. A large portion of those residents live on less than $x,000 per year. Due north Carolina households are more likely to turn to SNAP to aid pay for food than those in most other states. Due north Carolina, like many other southern states, has below-boilerplate higher and loftier school educational attainment rates, which may contribute to the land'south relatively depression income, as more than highly educated workers are more than likely to work in high-paying jobs.

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37. Montana

• Median household income: $53,386
• Population: one,050,493 (seventh lowest)
• 2017 unemployment charge per unit: 4.0 percent (21st lowest)
• Poverty rate: 12.5 percent (23rd lowest)

Nationwide, there is a correlation between high levels of educational attainment and loftier income, as better-educated residents are more qualified for higher paying jobs that require more specialization. Nonetheless, that is non the case in Montana. Though Montana adults are slightly more likely to have graduated from college than the average American, and the state's high schoolhouse attainment charge per unit of 93.0 per centum is the 3rd highest in the land, the state'southward median household income is 14th everyman. Montana adults are among the well-nigh likely of workers in all states to piece of work in industries that tend to accept blue collar jobs like agriculture, forestry, mining, and structure. These jobs often do not pay likewise as white collar professions.

36. Missouri

• Median household income: $53,578
• Population: 6,113,532 (18th highest)
• 2017 unemployment rate: 3.8 percent (20th everyman)
• Poverty rate: 13.4 percentage (21st highest)

Missouri'southward median household income increased by well-nigh $900 from 2016 to 2017 — non as much as the national increase of over $1,500 merely enough to go along the Prove Me state ranked 36th past median household income as information technology was the previous year. Missouri has a relatively low unemployment rate at three.8 per centum and the country'due south poverty rate of xiii.4 percent is exactly in line with the U.S. poverty charge per unit.

35. Ohio

• Median household income: $54,021
• Population: 11,658,609 (seventh highest)
• 2017 unemployment rate: 5.0 percent (6th highest)
• Poverty rate: 14.0 percent (18th highest)

Near every state's unemployment charge per unit improved in 2017 compared to 2016, but not Ohio's. The country'southward unemployment charge per unit stayed at five.0 per centum, at present the sixth highest unemployment charge per unit of all states. Ohio'due south median household income has not increased as quickly as most other states over the past several yr either. Equally a result, the state'southward rank by median household income dropped from 32nd in 2013 to 35th in 2017.

34. Indiana

• Median household income: $54,181
• Population: 6,666,818 (17th highest)
• 2017 unemployment charge per unit: 3.five percent (14th lowest)
• Poverty rate: thirteen.5 percent (20th highest)

Indiana has one of the lowest college attainment rates in the country. Merely 26.8 percent of adults in the state take at least a available'due south degree, as compared to 32.0 percent of American adults overall. Indiana has i of the lowest median home values in the state at $141,100 — more $75,000 below the U.South. median. Depression dwelling values can ofttimes indicate residents are unable to afford big long-term purchases.

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33. Michigan

• Median household income: $54,909
• Population: 9,962,311 (10th highest)
• 2017 unemployment rate: 4.six percent (18th highest)
• Poverty charge per unit: 14.ii percentage (15th highest)

Michigan has ane of the higher high school attainment rates amongst states at more than 90 pct. However the land also has one of the lower available's degree attainment rates. Some 29.1 per centum of Michigan adults accept a four twelvemonth higher degree, whereas 32.0 percent of American adults exercise. Those with college degrees are more likely to be employed in a high-paying job. Many Michigan residents piece of work in manufacturing, which typically does not pay high wages. Some xviii.9 percent of state workers are employed in the manufacturing manufacture — the highest rate than any other country.

32. Georgia

• Median household income: $56,183
• Population: ten,429,379 (8th highest)
• 2017 unemployment rate: iv.7 pct (14th highest)
• Poverty charge per unit: fourteen.9 percent (11th highest)

Many key indicators point to an improvement in Georgia's economic system. The southern land no longer ranks in the top 10 in terms of poverty rate or the charge per unit of households in extreme poverty as it did v years ago. Too, the state'southward median household income rose by $5,757 from 2013 to 2017 — slightly ahead the increment in median income nationwide.

31. Maine

• Median household income: $56,277
• Population: ane,335,907 (9th everyman)
• 2017 unemployment rate: three.iii per centum (10th lowest)
• Poverty charge per unit: eleven.one percent (16th lowest)

Maine is 1 of the virtually highly educated states in the country. Its 92.three percent high schoolhouse attainment rate is among the top ten in the country and its 32.1 percent bachelor'south caste attainment rate is slightly above the U.S. rate. Higher levels of education can make a person a more bonny candidate for employers. Though Maine has one of the everyman unemployment rates in the country at 3.three percent, incomes may be constrained by the fact that many Maine workers are employed in lower-paying industries. The shares of workers in the state in construction, retail trade, and education — iii industries that do non typically pay high salaries — are amongst the highest of all states.

30. Kansas

• Median household income: $56,422
• Population: 2,913,123 (16th lowest)
• 2017 unemployment rate: three.6 percent (15th everyman)
• Poverty rate: 11.9 percent (21st lowest)

The median household income in Kansas did not significantly increase between 2016 and 2017, every bit one-half of states did in that time. The dull income growth dropped Kansas from having the 28th highest median household income to having the 30th highest income. Kansas also has one of the lowest median home values in the state at $150,600. The median home in the United States is worth $217,600.

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29. South Dakota

• Median household income: $56,521
• Population: 869,666 (5th everyman)
• 2017 unemployment rate: 3.3 percent (12th lowest)
• Poverty charge per unit: 13.0 pct (24th highest)

South Dakota had one of the lower unemployment rates in the state 2017, at 3.3 percent. In 2016, all the same, the land'south unemployment rate was even lower, at 3.0 percent, making the state i of just three where unemployment increased last twelvemonth. South Dakota'southward median household income has been consequent relative to the other 49 states — it ranked 29th in median household income five years ago, merely as information technology does at present.

28. Arizona

• Median household income: $56,581
• Population: seven,016,270 (14th highest)
• 2017 unemployment charge per unit: 4.9 percent (10th highest)
• Poverty rate: xiv.ix percent (12th highest)

Arizona's 2017 median household income of $56,581 is more than $i,800 college compared to its income in 2016. The increment is college than the increase in the U.Southward. median household income of $1,516. The state'southward poverty charge per unit dropped by 1.5 percentage points to 14.9 percent. While Arizona however has 1 of the higher poverty rates in the country, the decline was the 2nd steepest decline nationwide after Idaho.

27. Vermont

• Median household income: $57,513
• Population: 623,657 (2d lowest)
• 2017 unemployment rate: three.0 per centum (sixth lowest)
• Poverty charge per unit: 11.3 percent (19th everyman)

In 2016, Vermont had the 20th highest median annual household income at $58,775. But the country'south median dropped by more than $1,200 in 2017, knocking Vermont seven spots down the list to 27. States with college educational attainment rates tend to have higher incomes, but Vermont is a bit of an outlier, as it has the seventh all-time available'due south degree attainment rate at 38.3 percent yet information technology does not take one of the higher median household incomes.

26. Nevada

• Median household income: $58,003
• Population: 2,998,039 (18th lowest)
• 2017 unemployment rate: 5.0 percent (7th highest)
• Poverty rate: 13.0 percentage (25th highest)

Nevada has i of the highest unemployment rates in the state, likely hampering the state's median household income. It also has 1 of the lowest bachelor's caste attainment rates, at 24.9 pct. People with high levels of didactics are more likely to be able to find a high paying job as they are more than qualified for certain positions. Nevada is the home of America's playground, Las Vegas. Every bit such, it has the highest rate of workers in the relatively low paying arts, entertainment, and recreation, and accommodation and food services manufacture — most a quarter of all Nevada workers.

25. Iowa

• Median household income: $58,570
• Population: 3,145,711 (21st everyman)
• 2017 unemployment rate: iii.i percent (7th lowest)
• Poverty charge per unit: 10.7 percent (12th everyman)

Iowa's median household income of $58,570 ranks roughly in the middle among states, despite having i of the lowest unemployment rates in the country. Just 3.1 percent of the state's labor force is not employed. Iowa has among the highest shares of workers in the agriculture, manufacturing, and retail merchandise industries, which tend to be relatively depression-paying for many of the workers in those fields.

24. Pennsylvania

• Median household income: $59,195
• Population: 12,805,537 (5th highest)
• 2017 unemployment rate: 4.9 percentage (11th highest)
• Poverty rate: 12.v percent (22nd lowest)

Pennsylvania's median household income was $ane,100 higher in 2017 compared to 2016. This was a smaller increment than the increase in the U.S. median household income, which was $ane,516. The country also continues to have one of the higher unemployment rates in the country, at 4.9 percent. As the labor strength has a more difficult fourth dimension finding work than in about other states, some households are unable to earn wages, depressing the land'due south median household income.

23. Texas

• Median household income: $59,206
• Population: 28,304,596 (2nd highest)
• 2017 unemployment rate: four.3 percent (25th highest)
• Poverty rate: 14.7 percent (14th highest)

The Texas median annual household income of $59,206 is higher than most states, simply still non quite every bit loftier as the U.South. median of $60,336. Many Texans may not authorize for college skilled jobs, as the state has the 2d everyman high school attainment rate in the land at 83.half-dozen per centum. Texas workers are amid the most likely to work in jobs that exercise not require high levels of instruction, such as construction.

22. Wisconsin

• Median household income: $59,305
• Population: 5,795,483 (20th highest)
• 2017 unemployment rate: 3.three pct (11th lowest)
• Poverty rate: 11.3 percent (18th everyman)

Wisconsin continues to have ane of the highest high school attainment rates in the country, improving from ninety.nine percent of residents 25 or older in 2013 to 92.4 pct of adults in 2017 — the 7th highest in the country. In comparison, 88.0 percent of American adults have a high school diploma. This relatively high educational activity rate ways that a higher share of Wisconsin's labor strength is likely to obtain higher paying jobs. Wisconsin's xi.three per centum poverty rate is more than 2 per centum points below the U.S. charge per unit.

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21. Nebraska

• Median household income: $59,970
• Population: ane,920,076 (14th lowest)
• 2017 unemployment charge per unit: 2.9 percent (5th everyman)
• Poverty rate: x.viii percent (13th lowest)

A modest percent of Nebraska's labor strength, ii.nine per centum, is looking for piece of work, one of the smallest unemployment rates in the land. Such low unemployment is a sign of a healthy state economy, equally is the state'due south improving incomes. Nebraska's median household income increased $1,961 from 2016 to 2017, a larger increment than all merely a scattering of states.

20. Oregon

• Median household income: $60,212
• Population: four,142,776 (24th lowest)
• 2017 unemployment rate: four.i percent (23rd lowest)
• Poverty rate: 13.2 percent (23rd highest)

Oregon has one of the highest median home values in the country at $319,200 — more $100,000 above the U.S. median abode value. Higher abode values can oft be a sign that people are confident in their fiscal future, equally they are willing to take on costly long-term purchases, such as buying a firm. Oregon adults tend to be better educated than those in nearly other states, with a 33.vii pct bachelor'southward degree attainment rate. This high level of education makes many state residents more probable to earn higher wages.

19. Wyoming

• Median household income: $60,434
• Population: 579,315 (the everyman)
• 2017 unemployment rate: 4.2 per centum (24th lowest)
• Poverty rate: eleven.3 per centum (17th lowest)

Wyoming is one of 19 states with a median household income higher than that of the U.South., which is $60,336. The land's median household income remained virtually unchanged from 2016 to 2017. During that aforementioned fourth dimension, there was a notable uptick in the percent of Wyoming households living in extreme poverty. In 2016, simply 5.1 percent of Wyoming households lived on less than $10,000 per year, but that figure increased to 6.2 pct in 2017. For context, the pct of U.S. households in extreme poverty dropped from vi.six percent to 6.v percent in that same timespan.

18. North Dakota

• Median household income: $61,843
• Population: 755,393 (4th lowest)
• 2017 unemployment charge per unit: 2.half dozen per centum (2nd lowest)
• Poverty charge per unit: 10.3 pct (ninth lowest)

Northward Dakota has one of the all-time high school attainment rates in the state at 92.9 percent. A high school diploma can make a person eligible for a number of jobs that they would not otherwise be a good candidate for. Higher high school attainment rates can as well be correlated with low unemployment rates. North Dakota has the 2nd everyman unemployment rate in the country at 2.6 percent. Only Hawaii has a lower share of its labor force out of work.

17. Delaware

• Median household income: $62,852
• Population: 961,939 (6th lowest)
• 2017 unemployment charge per unit: four.6 percent (19th highest)
• Poverty rate: 13.6 pct (19th highest)

Dissimilar almost all other states, the unemployment rate in Delaware did non decrease from 2016 to 2017, when the U.S. unemployment charge per unit every bit a whole dropped 0.5 percentage. During that same time menstruation, Delaware's median household income did not abound significantly, as opposed to many other college income states. As a outcome, Delaware fell ii spots on this listing from 15th to 17th.

16. Illinois

• Median household income: $62,992
• Population: 12,802,023 (6th highest)
• 2017 unemployment rate: 5.0 percent (eighth highest)
• Poverty rate: 12.6 percentage (24th lowest)

Despite having a high median household income compared to other states, Illinois also has one of the highest unemployment rates in the country. Some 5.0 pct of the state'southward labor forcefulness is out of work, driving down the state's median household income, as an higher up average number of people in the labor force are unable to find jobs. Chicago is Illinois' largest city and one of the country'due south major hubs for business concern. This may be a reason why an outsized share of Illinois households — seven.5 percentage — earn more $200,000.

15. Rhode Island

• Median household income: $63,870
• Population: 1,059,639 (8th lowest)
• 2017 unemployment rate: 4.5 percent (21st highest)
• Poverty rate: 11.6 pct (20th lowest)

Rhode Isle'south economy is performing well by a number of central fiscal indicators. The land's median household income increased more than $2,400 over the by year — a greater increment than all but a handful of other states. Rhode Island besides had a 1.ii percentage point decline in its poverty rate over the same time, while the U.S. poverty charge per unit dropped 0.6 per centum points.

14. New York

• Median household income: $64,894
• Population: nineteen,849,399 (4th highest)
• 2017 unemployment charge per unit: 4.7 percent (15th highest)
• Poverty rate: 14.ane pct (16th highest)

New York has one of the higher median household incomes in the country at $64,894. But it does not seem that the relatively loftier median income translates to loftier wages for all workers. Some xiv.i pct of people are in poverty, above the U.S. rate. And while New York has the seventh highest share of households earning $200,000 or more at ix.8 per centum, information technology also has i of the higher shares of households living on less than $x,000. Some 7.four percent of households live in extreme poverty, above the vi.five percent national rate.

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13. Utah

• Median household income: $68,358
• Population: 3,101,833 (20th lowest)
• 2017 unemployment charge per unit: iii.ii percentage (8th lowest)
• Poverty rate: ix.seven percent (6th everyman)

Residents of Utah are among the least likely to live in poverty or extreme poverty, as compared to those in the other 49 states. The 9.7 pct poverty rate is lower than that of all but a handful of other states and the share of households in Utah that live on less than $ten,000 — 4.ii percent — is the second lowest in the country. Utah residents can mostly provide for their families every bit a very pocket-size share of them are unemployed. The state'southward unemployment rate is 3.2 percent, slightly lower than information technology was the yr earlier.

12. Minnesota

• Median household income: $68,388
• Population: 5,576,606 (22nd highest)
• 2017 unemployment rate: 3.5 percentage (13th lowest)
• Poverty charge per unit: 9.5 percent (4th everyman)

Minnesota is tied with New Hampshire for the highest high school attainment rate in the U.S. High school graduates are more than likely to exist qualified for more jobs and earn high wages than those who did not cease high schoolhouse. In Minnesota, only 4.5 percent of households alive on less than $10,000 per year, as compared to 6.5 percent of American households overall, one of the lowest such figures in the state.

eleven. Colorado

• Median household income: $69,117
• Population: 5,607,154 (21st highest)
• 2017 unemployment rate: 2.eight pct (quaternary everyman)
• Poverty rate: 10.3 percent (8th lowest)

Colorado adults are amidst the all-time educated in the country. Some 41.2 percent of adults in the country have at to the lowest degree a bachelor's degree, higher than all states except Massachusetts. This high degree of educational attainment ensures that a relatively large share of Colorado adults are good candidates for a wide assortment of jobs. Just two.eight percentage of Colorado's labor force is unemployed, one of the lowest rates in the country. Colorado residents are too among the least likely to exist impoverished.

x. Washington

• Median household income: $seventy,979
• Population: 7,405,743 (13th highest)
• 2017 unemployment charge per unit: iv.8 percent (13th highest)
• Poverty rate: xi.0 percent (14th lowest)

Home values tin often reveal how much of a financial commitment people in an area are able and willing to make. Washington's median home value of $339,000 is the fifth highest in the country and more than than $120,000 above the U.S. median. Having a lower unemployment rate is often a sign of a potent economy, as a greater share of the labor strength is earning money and improve able to support themselves and their families. Yet despite its high median income and low poverty charge per unit, Washington has one of the higher unemployment rates in the land at iv.8 percentage. The U.S. unemployment rate is 4.four percent.

ix. Virginia

• Median household income: $71,535
• Population: viii,470,020 (12th highest)
• 2017 unemployment rate: 3.eight percent (19th everyman)
• Poverty rate: 10.half dozen percent (11th lowest)

Virginia's median household income increased nearly $2,000 to $71,535 over the past year, outpacing the growth of the U.S. median, which was just over $1,500. Virginia adults are among the most probable in the country to concord at least a bachelor's degree, making them more qualified for high paying jobs and increasing their odds of making it into a lucrative manufacture. Some 38.7 percentage of Virginia adults accept a four-yr college degree.

eight. California

• Median household income: $71,805
• Population: 39,536,653 (the highest)
• 2017 unemployment charge per unit: iv.8 percent (12th highest)
• Poverty rate: 13.3 percent (22nd highest)

Much of California's reputation is built on two extremely lucrative industries: entertainment, which is centered around Los Angeles, and technology, with many companies located in and effectually Silicon Valley. The abundance of high paying jobs likely drives up the median household income in the Aureate State. But this wealth does not extend to all Californians. The state's unemployment and poverty rates are higher than most.

7. Alaska

• Median household income: $73,181
• Population: 739,795 (3rd lowest)
• 2017 unemployment rate: 7.2 percent (the highest)
• Poverty rate: xi.ane percent (15th lowest)

Though Alaska still has one of the highest median household incomes, several fundamental economic indicators paint a dire pic of the country's economy. The country is tied with S Dakota for the largest increase in unemployment rate at 0.three percent. Alaska now has a 7.2 percent unemployment charge per unit — the highest of whatever country. Alaska's median household income dropped more than any other state from 2016 to 2017, and by a significant margin. The land'due south $73,181 median is $4,722 less than it was the previous yr. No other state experienced a driblet to a higher place $1,300. In 2016, Alaska's $77,903 median income was good for second among all states.

half dozen. New Hampshire

• Median household income: $73,381
• Population: ane,342,795 (10th lowest)
• 2017 unemployment charge per unit: 2.7 per centum (tertiary lowest)
• Poverty rate: 7.7 percent (the lowest)

New Hampshire residents are among the most economically secure of any state. Simply 7.7 percent of households in the land live in poverty, the everyman of all states. New Hampshire also has one of the lowest unemployment rates, pregnant that nearly all residents who expect for work are able to find it and provide for their families. Adults with high schoolhouse diplomas tend to be more than bonny candidates for work than those without. New Hampshire is tied with Minnesota for the highest high school attainment charge per unit in the U.Due south.

v. Connecticut

• Median household income: $74,168
• Population: 3,588,184 (22nd lowest)
• 2017 unemployment rate: four.7 pct (16th highest)
• Poverty rate: 9.6 pct (5th lowest)

Connecticut is one of just a handful of states with a poverty rate under x pct, at ix.vi percentage. Connecticut workers are more likely than those in almost all other states to work in loftier paying fields similar information and finance. They are also much less probable to work in lower paying fields such as agriculture and transportation. Unlike many other very affluent states, the median household income in Connecticut did not increase significantly from 2016 to 2017.

4. Massachusetts

• Median household income: $77,385
• Population: 6,859,819 (15th highest)
• 2017 unemployment rate: 3.seven percent (16th lowest)
• Poverty rate: 10.5 percent (10th lowest)

The home of Harvard, Massachusetts is the best educated state by a meaning margin. Some 43.4 percent of adults in the state have at least a available's caste. Adults with at least a bachelor's degree tend to be qualified for a wider range of careers — many of which pay higher salaries. Those with higher incomes and more dispensable income tin can afford to plan for the future and provide a safety net like health insurance. Massachusetts has the lowest uninsured rate, 2.eight percent, of any state by a full percentage signal.

3. Hawaii

• Median household income: $77,765
• Population: 1,427,538 (11th lowest)
• 2017 unemployment rate: 2.4 percent (the lowest)
• Poverty rate: 9.5 percent (3rd lowest)

Hawaii households are among the least likely to live in poverty and those in the land'south labor force are the least likely to exist unemployed in the state. Some 17.3 percent of workers in the land are involved in the arts, entertainment, recreation, accommodation, and food service industries, as Hawaii is a pop vacation spot. The string of islands in the Pacific Sea manifestly have an economy that functions much differently than the other 49 states. Shipping goods to Hawaii tin exist expensive, and so many items toll much more than in other states. Hawaii'due south median home value is by far the highest in the country at $617,4000, more than than $100,000 higher than the next highest state.

2. New Jersey

• Median household income: $eighty,088
• Population: 9,005,644 (11th highest)
• 2017 unemployment rate: 4.vi percent (20th highest)
• Poverty rate: 10.0 percent (7th everyman)

New Jersey households are more probable to exist extremely wealthy than those in whatsoever other state. Some thirteen.0 percent of New Jersey households earn $200,000 or more, while only 1 in 10 people in the state live below the poverty line. Nearly 40 percent of New Jersey adults hold at least a bachelor's degree, making them qualified to piece of work in loftier paying, specialized industries. New Jersey workers are amongst the most probable to exist employed in lucrative fields such equally information, direction, and finance.

one. Maryland

• Median household income: $fourscore,776
• Population: 6,052,177 (19th highest)
• 2017 unemployment rate: four.1 percent (22nd lowest)
• Poverty rate: ix.three percentage (2d lowest)

Though it did non accept a significant increase in its median household income from 2016 to 2017, Maryland is however America's richest state. No land has a college median household income than Maryland'southward $80,776. Maryland borders Washington D.C. on iii sides, so it should come up as no surprise that a disproportionate share of the land'south residents piece of work in public administration. More than 1 in 10 Maryland workers are in the public administration sector, which includes many lucrative federal government jobs. Many Maryland adults are qualified for highly specialized, high paying jobs, as 39.7 percent of adults in the land hold at least a bachelor's degree — the third highest rate amid states.

More:Desire to be in the summit 1 percentage? Hither's what you take to earn in your country

Detailed findings and methodology

U.S. economical indicators and the labor market continued to meliorate in 2017. The U.S. unemployment rate dropped to four.4 pct in 2017 from iv.9 percentage the year before. Over the same period, the median household income in the U.S. climbed from $58,820 to $60,336. Half of the 50 states reported a statistically meaningful improvement in median household income in 2017, while median income in the remaining states remained effectively unchanged, or even dropped.

Ane of the best indicators of whether or not a state is wealthy is education. Ix of the x wealthiest states have a larger share of adults with at to the lowest degree a bachelor's degree than the 32.0 percent national share. Alaska is the only state with a high median household income and depression educational attainment rate. Each of the x poorest states in the country is abode to a smaller than typical share of adults with at least a bachelor's caste.

To place the richest and poorest states with the highest and lowest median household income, 24/seven Wall Street reviewed land data on income from the U.S. Census Bureau'south 2017 American Community Survey (ACS). Median household income for all years is adapted for inflation. Data on health insurance coverage, employment by manufacture, and poverty also came from the 2017 ACS. We also reviewed annual average unemployment data from the Bureau of Labor Statistics (BLS) for 2016 and 2017.

24/7 Wall Street is a The states TODAY content partner offering financial news and commentary. Its content is produced independently of USA TODAY.

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Source: https://www.usatoday.com/story/money/economy/2018/10/08/wealth-america-household-income-richest-poorest-states/38051359/

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