Discover the Richest States in the U.S.

Median Household Income: $80,776

Maryland takes the number one spot as the wealthiest state in America with a median annual household income of $80,776. This prosperity is partly due to its high percentage of federal employees, thanks to its proximity to Washington, D.C. Additionally, Maryland boasts some of the best educational institutions, such as the A. James Clark School of Engineering and the Robert H. Smith School of Business at the University of Maryland. These top-notch schools contribute to a well-educated workforce that drives the state's economy forward.

Median Household Income: $80,088

Coming in at a close second, New Jersey has a median annual household income of $80,088. While some might find this surprising, the state's robust pharmaceutical and biotechnology industries play a significant role in its wealth. Moreover, New Jersey is home to over 5,000 IT companies, including major players like Verizon. Its extensive transportation system and attractions like Atlantic City—often dubbed the "Las Vegas of the East Coast"—have also boosted its tourism industry in recent years.

Median Household Income: $77,765

It's no surprise that Hawaii makes the list of richest states. With a median household income of $77,765, Hawaii also boasts the lowest food insecurity rate in the nation and the fourth-lowest poverty rate. The state's stunning natural scenery, warm tropical climate, and abundant beaches make it a premier tourist destination. Additionally, Hawaii ranks highly in healthcare quality and access, providing excellent services to its residents.

Median Household Income: $77,385

Massachusetts holds the fourth position with a median household income of $77,385. The state's economy thrives on education and health services, which employ more people than any other industries. Recent advancements in technology have further propelled these sectors. Tourist attractions like Cape Cod and Martha's Vineyard contribute significantly to the economy. Massachusetts is also a legislative trendsetter, being the first state to legalize same-sex marriage, which has drawn many people and bolstered its economic growth.

Median Household Income: $74,168

As one of the original 13 colonies, Connecticut ranks fifth with a median household income of $74,168. The state is renowned for its prestigious educational institutions, including Yale University. Healthcare access is top-notch, ranking first nationally, and the healthcare industry is one of the largest employers. Additionally, Connecticut is a hub for digital media companies, hosting over 1,200 firms, including the sports entertainment giant ESPN.

Median Household Income: $73,381

New Hampshire not only ranks among the richest states with a median household income of $73,381 but also boasts the lowest poverty rate in the country. Less than 8% of its residents fall below the federal poverty line. Despite its small size, the state's economy is mighty. While traditional manufacturing once dominated, modern industries like digital media and technology have taken the lead, driving economic growth through smart manufacturing methods.

Median Household Income: $73,181

Alaska, with a median household income of $73,181, also enjoys one of the best income equalities among households. Since the completion of the Trans-Alaska Pipeline in 1977, the oil industry has been the backbone of the state's economy, accounting for nearly 90% of its revenues. Although it's the largest state by area, it has the lowest population density, with Anchorage alone housing almost 40% of its inhabitants.

Median Household Income: $71,805

California is an economic powerhouse with a median household income of $71,805. This figure might seem modest given that the state is home to some of the nation's wealthiest cities and individuals. The historic California Gold Rush spurred massive migration and economic growth. Today, the state hosts media celebrities and tech giants alike. Real estate and the computer and electronics manufacturing industries are significant contributors to California's robust economy.

Median Household Income: $71,535

Virginia's median household income of $71,535 places it firmly among the richest states. The U.S. government is the state's leading employer, thanks to its proximity to Washington, D.C. Virginia's economy is diverse, ranging from shipbuilding and fishing along the Atlantic coast to farming in rural areas. The state is also known for apple growing and wineries. Closer to the nation's capital, the economy shifts towards technology and manufacturing industries.

Median Household Income: $70,979

Rounding out the top ten, Washington has a median household income of $70,979. The state's economy is incredibly diverse and strong, placing it at the top of many rankings for best overall state. Washington is a major exporter due to its coastal location, and it produces about 70% of the country's apples. It also leads in the production of potatoes, milk, and cattle. The military and defense sector is significant as well, being the second-largest employer with over 120,000 employees.