In this article, I will reveal to you the richest state in the USA and what made the state to be special among others.
The United States of America is made up of fifty (50) states and Washington D.C. Of all the 50 states of USA, New York is the richest state, with a GDP per capita at $96,5k.
This means that New York is responsible for around 9% of America’s entire economic output, the highest percentage among the 50 states. See insurance jobs in the USA.
The Empire State also has some of the highest average incomes in the nation, with a median household income of nearly $72.9k and per capita income of $96.5k.
It also has the highest concentration of Fortune 500 companies in the country with more than 50 companies headquartered within its borders. See Remote Jobs in the US.
Furthermore, due to its highly diversified economy and large population base, New York produces goods and services across a wide range of sectors including finance, media, tourism and technology.
As a result of all these factors, New York continues to be one of the most economically powerful states in America today.
Top 10 Richest States in USA
The wealth of American states is measured by their respective Gross Domestic Product (GDP). Based on their GDPs, the following are the top 10 richest states in the USA:
1. New York – $96,502
2. Massachusetts – $95,029
3. Washington – $90,034
4. California – $89,540
5. North Dakota – $85,647
6. Connecticut – $85,609
7. Delaware – $83,922
8. Alaska – $79,139
9. Nebraska – $78,500
10. Illinois – $76,825
However, Poverty rates were highest in the states of Mississippi (19.58%), Louisiana (18.65%), New Mexico (18.55%), West Virginia (17.10%), Kentucky (16.61%), and Arkansas (16.08%), and they were lowest in the states of New Hampshire (7.42%), Maryland (9.02%), Utah (9.13%), Hawaii (9.26%), and Minnesota (9.33%).
I hope you have found this article helpful. In case of any other questions about the Richest State in the USA, kindly make use of the comment section below.
