money-happiness

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 โ€” 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 Marylandโ€™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.

One reply on “Maryland Is the Wealthiest State in America”

  1. What a joke! This is all because of the high paying government jobs around DC and Maryland. The working class and poor no way make anywhere near this number.

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