As the economy continues to improve, more and more people are starting to see their fortunes grow.
The richest states in the US by income 2022 are just that—states that are expected to lead the pack in terms of income. To compile this list, 24/7 Wall St. reviewed data from the U.S. Census Bureau’s 2017 American Community Survey (ACS) on median household incomes and population estimates from the bureau’s 2016 Decennial Census.
Here are the 10 richest states in the US by income:
- Florida
- Texas
- Arizona
- New York
- Illinois
- California
- Pennsylvania
- North Carolina
- Rhode Island
- Maryland
California
The wealthiest states in the United States are all located in the Midwest and West regions of the country. One of the wealthiest states in the United State is California. It has high median incomes, at $59,000 per year.
Texas is second on the list with a median income of $52,000 per year. New York is third with a median income of $50,000 per year. Illinois is fourth with a median income of $47,000 per year. Pennsylvania is fifth on the list with a median income of $46,000 per year.
There are several reasons why these five states rank so highly when it comes to wealth. First and foremost, they have large populations that are able to support high incomes due to their wealth-generating industries. Second, they have strong economies that are able to generate large amounts of revenue and keep their prices relatively low compared to other parts of the country. Third, each state has numerous resources (e.g., oil and gas reserves) that help make it wealthy overall.
Overall, there are many factors that contribute to a state’s wealth ranking. However, one important factor is definitely its population size and its ability to generate income from various sources.”
New York
New York is the richest state in the US by income, according to a study released by WalletHub on Thursday. The report ranked states based on their median household income as well as their share of the national income. In terms of median household income, New York came in first with a figure of over $60,000. It was followed by California and Massachusetts. New York’s share of the national income was also high at 23%. This means that New York generates a higher percentage of its GDP from its own resources than any other state in the US. Other factors that contributed to New York’s standing as one of the wealthiest states in America were its high salary levels and its strong economy.
Texas
1. Texas
2. California
3. New York
4. Pennsylvania
5. Florida
6. Illinois
7. Washington
8. Massachusetts
9. Maryland
10. Alaska
Florida
Florida is the wealthiest state in the United States according to a new report by Forbes. The Sunshine State ranked as the third richest state in America with an median household income of $80,532. Nevada and California take the top two spots with respective median incomes of $89,336 and $81,600. Florida’s wealth is largely due to its strong economy which has been bolstered by increasing sales and profits in both corporate and consumer affairs. The state’s unemployment rate of 5.1% is also much lower than the national average of 7.8%.
Other factors contributing to Florida’s wealth include its high population density, which allows for more efficient use of resources; its strong agricultural sector; and low cost of living. In addition, many Fortune 500 companies have their regional headquarters in Florida including Walt Disney Company, Bank of America, Home Depot, PepsiCo and Microsoft.
Washington
The most affluent states in the US by income are as follows:
1. California
2. New York
3. Virginia
4. Texas
5. Florida
6. Pennsylvania
7. Illinois
8. Massachusetts
9. Maryland
10. Washington
Illinois
1. Illinois
Illinois ranks as the wealthiest state in the United States, boasting a median household income of $60,714 as of 2015. The state’s economy is diversified, with strengths in manufacturing, technology, finance, and tourism. In addition, Illinois has a well-educated workforce and is home to several Fortune 500 companies.
Pennsylvania
Pennsylvania is the wealthiest state in the United States, according to a new report from 24/7 Wall St. The state ranked first on the list of wealthiest states in the country, with an average household income of $86,591. Pennsylvania’s high incomes are likely due to its strong economy and relatively low cost of living. The state also has a large number of high-income earners, as well as a relatively low rate of unemployment. The state’s median household income is about $5,000 higher than the national median. In addition, Pennsylvania has a low poverty rate, at just under 10 percent…
The top five wealthiest states in the US are Texas, California, Connecticut, New York, and Massachusetts. These states are home to a majority of America’s wealthy residents. Pennsylvania’s ranking reflects its wealth both within and outside of its borders. The state is one of America’s leading sources of income and jobs. Nearly 20 percent of Pennsylvania’s workforce is employed in manufacturing alone,…
Ohio
When it comes to states with the highest incomes, Ohio is right there at the top. In fact, according to data from The Wealthy 100 Report, which was released in October 2018, Ohio ranks as the fifth wealthiest state in the United States.
What makes Ohio so prosperous? It has a strong economy with a high level of employment and low levels of unemployment. Additionally, its residents are heavily invested in stocks and other types of investments, which likely contributes to its high income levels.
Ohio also benefits from strong economic growth rates. In fact, according to The Conference Board’s Economic Outlook report for 2018, Ohio ranked first among all states in terms of projected growth over the next five years. This positive trend is likely thanks to increasing investment and population growth in the state.
Ohioans have done well for themselves financially and their state is evidence of that. If you’re looking for a place to make some money and live in a thriving economy, look no further than Ohio!
North Carolina
The state of North Carolina ranks as the third wealthiest in the United States, according to a study released by 24/7 Wall St. The state’s median household income is $70,591, which is higher than both Connecticut and New York. While incomes vary greatly across the state, much of that wealth is concentrated in a relatively small number of counties. Charlotte, Wake County, and Durham County are all among the top 10 richest counties in the country. North Carolina also has a high concentration of corporate headquarters, with 11 out of 20 Fortune 500 companies headquartered within its boundaries.
How to retire in the richest states in the US by income in 2022
If you’re looking to retire in the richest states in the US by income in 2022, you’ll likely need to make at least $150,000 per year. Here are the top 10 wealthiest states in America according to median household income as of 2017:
1. California: $70,714
2. New York: $60,678
3. Florida: $57,476
4. Texas: $56,502
5. Massachusetts: $54,747
6. Pennsylvania: $53,918
7. Illinois: $52,017
8. Ohio: $51,371
9. North Carolina: $50,792
10. Arizona: $50,232