With an average median household income of $73,971, Maryland again ranks as the richest state in the nation in 2015.
The household income of the statistically representative Marylander is well above the national average of $53,657. The state also boasts the second-lowest poverty rate, with 10.1 percent of the population living below the poverty line. Maryland has its fair share of wealthy families, too — 9 percent of the population reported annual household incomes of over $200,000. Living in Maryland has its drawbacks, too: The state also has one of the highest costs of living in the country, with residents paying nearly 11 percent more than average for goods and services. Much of Maryland’s wealth is concentrated in the suburbs outside Washington, D.C.
Rounding out the top five wealthiest states are New Jersey (#2) and Connecticut (#4), two other states popular with wealthy commuters who work in the city and live outside it; and Alaska (#3) and Hawaii (#5), two states that have among the highest costs of living in the country.
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