These Are The 10 Richest States In America For 2019

We used science and data to determine which states are home to the 1%.

Editor’s Note: We updated this article for 2019. This is our third time ranking the richest states in America.

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Does being rich make you awesome?

Certainly not.

Does having a lot of money make you happy?

Not always.

But we’re willing to guess that just about everyone you asked would pick wealth over poverty. And you’re obviously interested in who has money and who doesn’t, because you Googled ‘richest states’ and landed on this article.

So, how would you define ‘rich’ anyways? We can’t measure love, friends or health. But we can measure how much money people have, and how many people have jobs.

At the end of the day, we ended up with this list of the wealthiest states:

So, what’s the richest state in America according to the data? Per the most recent ACS data, the richest state in America is New Hampshire.

To see an exact breakdown on how we calculated these rankings, read on. Or, if you’re interested in something far more interesting, check out:

How We Determined The Richest States in the US for 2019

Richest States In America Map

Click to enlarge

The first thing that comes to most people’s minds when they think about determining the richest places is to simply the amount people make.

However, we don’t think that one statistic wholly encompasses what it means to be one of the ‘richest states’. So we looked at this set of criteria from the newly released 2013-2017 American Community Survey:

  • Poverty level
  • Unemployment rate
  • Median income

The unemployment rate tries to capture the prospects for improvement in the city or town. If more people are employed, the brighter the future looks and vice versa.

We ranked each state from 1 to 50 for each of the criteria, with 1 being the richest.

We then averaged all the rankings for a state into a ‘Rich Score’ with the state having the lowest overall Rich Score crowned the ‘Richest State In The US For 2019’.

You can learn more about the top ten below or skip to the end to see the rankings for every state, including which states are the poorest.

1. New Hampshire

New-Hampshire|Nh, NH

Median Income: $71,305
Unemployment Rate: 4.5%
Poverty Rate: 8.1%

New Hampshire, huh? Would you have guessed? Most people wouldn’t even be able to point to New Hampshire on a map. Sounds like they should call it New Hamp$hire, huh?

Only 8% of the population in The Granite State lives in poverty, and families earn about $71,000 a year, annually.

2. Minnesota

Minnesota|Mn, MN

Median Income: $65,699
Unemployment Rate: 4.3%
Poverty Rate: 10.5%

Minnesotans live a pretty good life when you look at the data, ‘eh?

The Gopher State ranks in the top 10 in every category we measured, and only 4.3% of the population here is out of work.

3. Hawaii

Hawaii|Hi, HI

Source: Public domain

Median Income: $74,923
Unemployment Rate: 4.9%
Poverty Rate: 10.3%

Hawaii might be a little misleading. Sure, households earn, on average, about $75,000 each. But the cost of a gallon of milk is like eight bucks, so your paycheck doesn’t go nearly as far as it would in the mainland.

Still, only 1 in 10 Hawaiians lives in poverty.

4. North Dakota

North-Dakota|Nd, ND

Median Income: $61,285
Unemployment Rate: 2.7%
Poverty Rate: 11.0%

North Dakota? Really? It’s true. They’re some hard workers up there, and money goes a long, long way in North Dakota.

Did you know only 2.7% of people are out of work in North Dakota? Basically, if you don’t have a job here, it’s because you refuse to work.

5. Maryland

Maryland|Md, MD

Median Income: $78,916
Unemployment Rate: 6.1%
Poverty Rate: 9.7%

Maryland just oozes rich. Most of the most successful people who commute to Washington, D.C. live in places like Chevy Chase, where you’ll find more fancy sports cars than just about anywhere else in America.

Maryland actually ranks first for pure income – where homes bring in about $79K a year. And that’s even with Baltimore figured into the mix.

6. Utah

Utah|Ut, UT

Median Income: $65,325
Unemployment Rate: 4.4%
Poverty Rate: 11.0%

With only 4.4% of residents out of work, and the average household bringing in $65,325 a year, Utah is quite the rich place.

ou might get bored living here, but at least you can spend your days counting your cash, right?

7. Virginia

Virginia|Va, VA

Median Income: $68,766
Unemployment Rate: 5.5%
Poverty Rate: 11.2%

Virginia has always been a wealthy place.

While there are tons of backwoods, redneck areas in Virginia where people are content to live a simple life, half of Virginia lives in the greater Washington D.C. metro area, where people command great salaries.

8. Massachusetts

Massachusetts|Ma, MA

Source: Public domain

Median Income: $74,167
Unemployment Rate: 6.0%
Poverty Rate: 11.1%

People in Massachusetts bring in pretty good salaries. While the unemployment rate is about average (6%), the folks out there working hard are getting ahead.

Sounds like the upper east coast has all the dough!

9. Wyoming

Wyoming|Wy, WY

Median Income: $60,938
Unemployment Rate: 4.7%
Poverty Rate: 11.1%

Ranchers must bring in a decent salary every year, since Wyoming ranks so high up on this list. When you have a hard-working population that’s saving money and living responsibly, it can be much easier to accrue wealth.

Is that the secret?

10. Vermont

Vermont|Vt, VT

Median Income: $57,808
Unemployment Rate: 4.4%
Poverty Rate: 11.4%

Rounding out the top ten this year is Vermont. The city scored in the top 30% of states for each of our criteria and really shines with a low 4.4% unemployment rate.

If you can stand the snow, feel free to stay in Vermont, if you can afford it.

There You Have It — The Wealthiest States in the US

After measuring every wealth factor that makes sense, there isn’t a clear ‘region’ that has the most wealth. But if we had to pick, it looks as though the eastern seaboard is where the most wealth is located. If you live in one of the states we mentioned above, perhaps you should think about donating to charity.

And while this is good news for the states we mentioned, we have to acknowledge the poorest states to live in America. We’re talking to you, Mississippi, New Mexico and Alabama.

Here’s a quick look at the poorest states of the list:

  1. Mississippi
  2. New Mexico
  3. Alabama

For more reading, check out:

Detailed List Of The Richest States In America For 2018

Rank State Median Income Population
1 New Hampshire $71,305 1,331,848
2 Minnesota $65,699 5,490,726
3 Hawaii $74,923 1,421,658
4 North Dakota $61,285 745,475
5 Maryland $78,916 5,996,079
6 Utah $65,325 2,993,941
7 Virginia $68,766 8,365,952
8 Massachusetts $74,167 6,789,319
9 Wyoming $60,938 583,200
10 Vermont $57,808 624,636
11 Colorado $65,458 5,436,519
12 Nebraska $56,675 1,893,921
13 New Jersey $76,475 8,960,161
14 Iowa $56,570 3,118,102
15 Connecticut $73,781 3,594,478
16 Washington $66,174 7,169,967
17 Wisconsin $56,759 5,763,217
18 Alaska $76,114 738,565
19 South Dakota $54,126 855,444
20 Delaware $63,036 943,732
21 Kansas $55,477 2,903,820
22 Maine $53,024 1,330,158
23 Pennsylvania $56,951 12,790,505
24 Rhode Island $61,043 1,056,138
25 Montana $50,801 1,029,862
26 Texas $57,051 27,419,612
27 New York $62,765 19,798,228
28 Idaho $50,985 1,657,375
29 Illinois $61,229 12,854,526
30 Missouri $51,542 6,075,300
31 Indiana $52,182 6,614,418
32 Oregon $56,119 4,025,127
33 California $67,169 38,982,847
34 Ohio $52,407 11,609,756
35 Oklahoma $49,767 3,896,251
36 Nevada $55,434 2,887,725
37 Arizona $53,510 6,809,946
38 Florida $50,883 20,278,447
39 Michigan $52,668 9,925,568
40 Tennessee $48,708 6,597,381
41 North Carolina $50,320 10,052,564
42 Georgia $52,977 10,201,635
43 Arkansas $43,813 2,977,944
44 South Carolina $48,781 4,893,444
45 Kentucky $46,535 4,424,376
46 West Virginia $44,061 1,836,843
47 Louisiana $46,710 4,663,461
48 Alabama $46,472 4,850,771
49 New Mexico $46,718 2,084,828
50 Mississippi $42,009 2,986,220

Richest Cities In Each State

About Chris Kolmar

Chris Kolmar has been in the real estate business for almost ten years now. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks.

He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move.

If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already.

You can find out more about him on LinkedIn or his website.

5 thoughts on “These Are The 10 Richest States In America For 2019

  1. you look so silly. because you are saying the richest states have like 550 Percent unemployment etc. NO THEY DON’T! 550 percent means 5.5x the number of people! maybe you mean 5.50 percent! nutty!

  2. This information is clearly case of the author having tried three times to pass basic college math, resulting in a fake news post.

    Everyone know New Hampshire is not richer than Massachusetts. Nor is California poorer than North Dakota.

    Yikes. Just Yikes.

  3. The idea that Wyoming, especially Cheyenne, it’s capitol, is a ‘Rich State’ is ludicrous.

    Apparently, the author, along with the jokers that came up with these miserably inept rating system hasn’t driven around here and seen all of the businesses that have gone under. The downtown is dying, stores and businesses that were around for generation have boarded over their windows and left town. The mall has many empty store fronts and there is a vast amount of retail & office space that sits empty and unused, some of it has done so for years. Homelessness downtown here climbs higher every year. The amazing thing in this case is that the locals, who get their thinking and marching orders from the mouth of Limbaugh and Hannity, can’t bring themselves to hold their local politicians to account for this mess. (Psssst! There are no Democrats in office here, and their pea brains can’t compute why things aren’t successful here on the economic front despite plenty of AM conservative radio propaganda every day).

    If you’re going to call a place rich, some simple roadtrips and real investigating will probably show better evidence than your nonsensical ratings system.

  4. Reply to “Munley” above: is this your scientific, basic college math educated reply – “everybody know”?? What about basic elementary school English?

    Yikes indeed!

  5. Does anyone actually believe that New Hampshire, Minnesota, Hawaii, North Dakota!, Maryland, Utah!!, and Virginia are wealthier than Massachusetts? Seriously? And that all of those states plus Wyoming!! and Nebraska!!!! are wealthier than New Jersey????? And that all of those states plus Iowa!!, Alaska!!!!!!, Wisconsin!!, South Dakota!?!?!?, Kansas!!!, Maine!!, Montana!!!?!!?!?!?!?!?!!?!?!, and Texas!! are wealthier than New York??? Again — is this serious??

    There must be a concerted effort on the part of conservatives to try and portray these rural, backwards, homogenous farm and ranch states, which are home to more cows than people, as wealthier and more prosperous than multicultural liberal states that have been, historically, immigrant centers, population centers, global centers, and have modern economies. Because Montana doesn’t even have a post-industrial economy, let alone a knowledge-based economy like the cities and suburbs of New York, Boston, Chicago, and San Francisco. If Montana were a country, it would be third world.

    Enjoy your cyber fantasies, conservatives, and especially your love of the 1700s.

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