The fourth most populous state in the country, and the richest state based on median household income and GDP per capita, is New York, home to some of the richest people in the world, from high profile celebrities to billionaire hedge fund managers.
The second-richest state in the country, Massachusetts, is also one of the oldest and played a significant role in the founding of America’s core principles of freedom and liberty.
The third richest state in the country, Washington, is located on the upper east coast and takes its name from George Washington, the first President of the United States.
In 2019, Connecticut boasted the highest median household income of any state. Its slide to fourth place after just two years is a good indication of how fluid the list of richest states can be.
The most populous state in the nation, California is known worldwide for its entertainment industry, with many of its highest-paying jobs — and richest celebrity couples — found in Hollywood and the surrounding area.
America’s first state ratified under the Constitution, Delaware has a GDP of $77,214 and an annual median household income of $64,805 in 2020, making it one of the richest states in the country.
One of the original 13 states of America and bordered by New York, New Jersey is one of the smallest states in the country. Nevertheless, it packs a punch when it comes to median income data and GDP per capita.
Maryland median household income data, which sits around $84,000, makes this one of the richest states in America, with the port of Baltimore handling a huge variety of raw materials and other bulk commodities.
Admitted to the union in 1889 as the 39th state, North Dakota takes its name from the Native American Sioux and has a GDP per capita of $70,185 and a median income of $70,185.
The 10th richest state, Illinois, has sometimes been likened to a microcosm of America at large, with a diverse array of industries including manufacturing, mining, financial institutions, technology, and agriculture.