According to recently published data for 2019 from the U.S. Census Bureau, incomes are on the rise in the United States. The typical American household earned $65,712 in 2019, about $3,000 more than the national median household income of $62,860 in 2018. Over the same period, 40 states reported a statistically significant increase in median household income, and no state reported a significant decrease.
While incomes were higher in the vast majority of states in 2019, incomes vary from state to state — often considerably. For example, there are still eight states where most households earn an income of less than $55,000 a year. At the same time, in a dozen states, most households earn an income of over $75,000 annually.
To help illustrate these income disparities, 24/7 Wall St. identified America’s richest and poorest states. States were ranked using median household income data from the U.S. Census Bureau’s 2019 American Community Survey.
In much of the country, income growth was accompanied by declines in poverty. No state reported a statistically significant increase in poverty from 2018 to 2019, and of the 40 states where household incomes went up, 23 also reported significant declines in the share of residents living below the poverty line. Nationwide, the poverty rate fell from 13.1% in 2018 to 12.3% in 2019. Here is an in-depth look at poverty in America.
One likely factor behind the rising incomes was improvement in the job market. The unemployment rate fell from an average of 3.9% in 2018 to 3.7% in 2019. Over the same period, 34 of the 40 states where incomes rose reported a stable or improved jobless rate.
The latest Census release on income and poverty does not account for the economic shock that resulted from COVID-19 pandemic. These are the cities with the worst COVID-19 unemployment crisis right now.
Click here to see America’s richest and poorest states
Click here to read our methodology
1. Maryland
> Median household income: $86,738 (2019); $84,845 (2018)
> Bachelor’s degree attainment: 40.9% (2019); 40.8% (2018)
> Poverty rate: 9.0% (2019); 9.0% (2018)
> Households earning $200,000 or more annually: 13.6% (2019); 13.0% (2018)
> Unemployment: 3.6% (2019); 3.9% (2018)
[in-text-ad]
2. Massachusetts
> Median household income: $85,843 (2019); $80,976 (2018)
> Bachelor’s degree attainment: 45.0% (2019); 44.5% (2018)
> Poverty rate: 9.4% (2019); 10.0% (2018)
> Households earning $200,000 or more annually: 14.6% (2019); 13.5% (2018)
> Unemployment: 2.9% (2019); 3.4% (2018)
24/7 Wall St.
3. New Jersey
> Median household income: $85,751 (2019); $83,206 (2018)
> Bachelor’s degree attainment: 41.2% (2019); 40.8% (2018)
> Poverty rate: 9.2% (2019); 9.5% (2018)
> Households earning $200,000 or more annually: 15.2% (2019); 14.4% (2018)
> Unemployment: 3.6% (2019); 4.1% (2018)
4. Hawaii
> Median household income: $83,102 (2019); $81,575 (2018)
> Bachelor’s degree attainment: 33.6% (2019); 33.5% (2018)
> Poverty rate: 9.3% (2019); 8.8% (2018)
> Households earning $200,000 or more annually: 10.9% (2019); 10.6% (2018)
> Unemployment: 2.7% (2019); 2.5% (2018)
[in-text-ad-2]
5. California
> Median household income: $80,440 (2019); $76,418 (2018)
> Bachelor’s degree attainment: 35.0% (2019); 34.2% (2018)
> Poverty rate: 11.8% (2019); 12.8% (2018)
> Households earning $200,000 or more annually: 13.7% (2019); 12.8% (2018)
> Unemployment: 4.0% (2019); 4.3% (2018)
6. Connecticut
> Median household income: $78,833 (2019); $77,659 (2018)
> Bachelor’s degree attainment: 39.8% (2019); 39.6% (2018)
> Poverty rate: 10.0% (2019); 10.4% (2018)
> Households earning $200,000 or more annually: 13.2% (2019); 12.9% (2018)
> Unemployment: 3.7% (2019); 4.1% (2018)
[in-text-ad]
7. Washington
> Median household income: $78,687 (2019); $75,231 (2018)
> Bachelor’s degree attainment: 37.0% (2019); 36.7% (2018)
> Poverty rate: 9.8% (2019); 10.3% (2018)
> Households earning $200,000 or more annually: 11.4% (2019); 10.1% (2018)
> Unemployment: 4.3% (2019); 4.5% (2018)
24/7 Wall St.
8. New Hampshire
> Median household income: $77,933 (2019); $76,066 (2018)
> Bachelor’s degree attainment: 37.6% (2019); 36.8% (2018)
> Poverty rate: 7.3% (2019); 7.6% (2018)
> Households earning $200,000 or more annually: 9.8% (2019); 9.4% (2018)
> Unemployment: 2.5% (2019); 2.6% (2018)
9. Colorado
> Median household income: $77,127 (2019); $73,140 (2018)
> Bachelor’s degree attainment: 42.7% (2019); 41.7% (2018)
> Poverty rate: 9.3% (2019); 9.6% (2018)
> Households earning $200,000 or more annually: 10.3% (2019); 9.1% (2018)
> Unemployment: 2.8% (2019); 3.2% (2018)
[in-text-ad-2]
10. Virginia
> Median household income: $76,456 (2019); $73,955 (2018)
> Bachelor’s degree attainment: 39.6% (2019); 39.3% (2018)
> Poverty rate: 9.9% (2019); 10.7% (2018)
> Households earning $200,000 or more annually: 11.9% (2019); 11.1% (2018)
> Unemployment: 2.8% (2019); 3.0% (2018)
11. Utah
> Median household income: $75,780 (2019); $72,484 (2018)
> Bachelor’s degree attainment: 34.8% (2019); 34.9% (2018)
> Poverty rate: 8.9% (2019); 9.0% (2018)
> Households earning $200,000 or more annually: 7.3% (2019); 6.6% (2018)
> Unemployment: 2.6% (2019); 3.0% (2018)
[in-text-ad]
12. Alaska
> Median household income: $75,463 (2019); $75,545 (2018)
> Bachelor’s degree attainment: 30.2% (2019); 30.2% (2018)
> Poverty rate: 10.1% (2019); 10.9% (2018)
> Households earning $200,000 or more annually: 9.3% (2019); 9.3% (2018)
> Unemployment: 6.1% (2019); 6.5% (2018)
13. Minnesota
> Median household income: $74,593 (2019); $71,394 (2018)
> Bachelor’s degree attainment: 37.3% (2019); 36.7% (2018)
> Poverty rate: 9.0% (2019); 9.6% (2018)
> Households earning $200,000 or more annually: 8.5% (2019); 7.9% (2018)
> Unemployment: 3.2% (2019); 2.9% (2018)
14. New York
> Median household income: $72,108 (2019); $69,110 (2018)
> Bachelor’s degree attainment: 37.8% (2019); 37.2% (2018)
> Poverty rate: 13.0% (2019); 13.6% (2018)
> Households earning $200,000 or more annually: 12.1% (2019); 11.0% (2018)
> Unemployment: 4.0% (2019); 4.1% (2018)
[in-text-ad-2]
15. Rhode Island
> Median household income: $71,169 (2019); $65,552 (2018)
> Bachelor’s degree attainment: 34.8% (2019); 34.4% (2018)
> Poverty rate: 10.8% (2019); 12.9% (2018)
> Households earning $200,000 or more annually: 7.4% (2019); 7.3% (2018)
> Unemployment: 3.6% (2019); 4.0% (2018)
16. Delaware
> Median household income: $70,176 (2019); $65,743 (2018)
> Bachelor’s degree attainment: 33.2% (2019); 31.3% (2018)
> Poverty rate: 11.3% (2019); 12.5% (2018)
> Households earning $200,000 or more annually: 7.4% (2019); 6.8% (2018)
> Unemployment: 3.8% (2019); 3.8% (2018)
[in-text-ad]
17. Illinois
> Median household income: $69,187 (2019); $65,962 (2018)
> Bachelor’s degree attainment: 35.8% (2019); 35.1% (2018)
> Poverty rate: 11.5% (2019); 12.1% (2018)
> Households earning $200,000 or more annually: 9.0% (2019); 8.5% (2018)
> Unemployment: 4.0% (2019); 4.3% (2018)
24/7 Wall St.
18. Oregon
> Median household income: $67,058 (2019); $64,520 (2018)
> Bachelor’s degree attainment: 34.5% (2019); 34.0% (2018)
> Poverty rate: 11.4% (2019); 12.6% (2018)
> Households earning $200,000 or more annually: 7.1% (2019); 6.9% (2018)
> Unemployment: 3.7% (2019); 4.1% (2018)
19. Wyoming
> Median household income: $65,003 (2019); $62,343 (2018)
> Bachelor’s degree attainment: 29.1% (2019); 26.9% (2018)
> Poverty rate: 10.1% (2019); 11.1% (2018)
> Households earning $200,000 or more annually: 5.0% (2019); 5.0% (2018)
> Unemployment: 3.6% (2019); 3.9% (2018)
[in-text-ad-2]
20. North Dakota
> Median household income: $64,577 (2019); $65,246 (2018)
> Bachelor’s degree attainment: 30.4% (2019); 29.7% (2018)
> Poverty rate: 10.6% (2019); 10.7% (2018)
> Households earning $200,000 or more annually: 6.5% (2019); 5.3% (2018)
> Unemployment: 2.4% (2019); 2.6% (2018)
21. Wisconsin
> Median household income: $64,168 (2019); $61,521 (2018)
> Bachelor’s degree attainment: 31.3% (2019); 30.0% (2018)
> Poverty rate: 10.4% (2019); 11.0% (2018)
> Households earning $200,000 or more annually: 5.2% (2019); 5.0% (2018)
> Unemployment: 3.3% (2019); 3.0% (2018)
[in-text-ad]
22. Texas
> Median household income: $64,034 (2019); $61,355 (2018)
> Bachelor’s degree attainment: 30.8% (2019); 30.3% (2018)
> Poverty rate: 13.6% (2019); 14.9% (2018)
> Households earning $200,000 or more annually: 7.9% (2019); 7.5% (2018)
> Unemployment: 3.5% (2019); 3.8% (2018)
23. Pennsylvania
> Median household income: $63,463 (2019); $61,713 (2018)
> Bachelor’s degree attainment: 32.3% (2019); 31.8% (2018)
> Poverty rate: 12.0% (2019); 12.2% (2018)
> Households earning $200,000 or more annually: 7.3% (2019); 6.8% (2018)
> Unemployment: 4.4% (2019); 4.2% (2018)
24. Nevada
> Median household income: $63,276 (2019); $59,737 (2018)
> Bachelor’s degree attainment: 25.7% (2019); 24.9% (2018)
> Poverty rate: 12.5% (2019); 12.9% (2018)
> Households earning $200,000 or more annually: 6.4% (2019); 5.6% (2018)
> Unemployment: 3.9% (2019); 4.4% (2018)
[in-text-ad-2]
25. Nebraska
> Median household income: $63,229 (2019); $60,490 (2018)
> Bachelor’s degree attainment: 33.2% (2019); 32.4% (2018)
> Poverty rate: 9.9% (2019); 11.0% (2018)
> Households earning $200,000 or more annually: 5.4% (2019); 4.9% (2018)
> Unemployment: 3.0% (2019); 2.9% (2018)
26. Vermont
> Median household income: $63,001 (2019); $61,759 (2018)
> Bachelor’s degree attainment: 38.7% (2019); 38.7% (2018)
> Poverty rate: 10.2% (2019); 11.0% (2018)
> Households earning $200,000 or more annually: 6.0% (2019); 5.0% (2018)
> Unemployment: 2.4% (2019); 2.5% (2018)
[in-text-ad]
27. Kansas
> Median household income: $62,087 (2019); $59,224 (2018)
> Bachelor’s degree attainment: 34.0% (2019); 33.8% (2018)
> Poverty rate: 11.4% (2019); 12.0% (2018)
> Households earning $200,000 or more annually: 5.9% (2019); 5.4% (2018)
> Unemployment: 3.2% (2019); 3.3% (2018)
28. Arizona
> Median household income: $62,055 (2019); $60,236 (2018)
> Bachelor’s degree attainment: 30.2% (2019); 29.7% (2018)
> Poverty rate: 13.5% (2019); 14.0% (2018)
> Households earning $200,000 or more annually: 6.6% (2019); 6.1% (2018)
> Unemployment: 4.7% (2019); 4.7% (2018)
29. Georgia
> Median household income: $61,980 (2019); $59,803 (2018)
> Bachelor’s degree attainment: 32.5% (2019); 31.9% (2018)
> Poverty rate: 13.3% (2019); 14.3% (2018)
> Households earning $200,000 or more annually: 7.3% (2019); 7.0% (2018)
> Unemployment: 3.4% (2019); 3.9% (2018)
[in-text-ad-2]
30. Iowa
> Median household income: $61,691 (2019); $60,674 (2018)
> Bachelor’s degree attainment: 29.3% (2019); 29.0% (2018)
> Poverty rate: 11.2% (2019); 11.2% (2018)
> Households earning $200,000 or more annually: 5.0% (2019); 4.8% (2018)
> Unemployment: 2.7% (2019); 2.6% (2018)
31. Idaho
> Median household income: $60,999 (2019); $56,305 (2018)
> Bachelor’s degree attainment: 28.7% (2019); 27.7% (2018)
> Poverty rate: 11.2% (2019); 11.8% (2018)
> Households earning $200,000 or more annually: 5.0% (2019); 4.3% (2018)
> Unemployment: 2.9% (2019); 2.9% (2018)
[in-text-ad]
32. Michigan
> Median household income: $59,584 (2019); $57,518 (2018)
> Bachelor’s degree attainment: 30.0% (2019); 29.6% (2018)
> Poverty rate: 13.0% (2019); 14.1% (2018)
> Households earning $200,000 or more annually: 5.7% (2019); 5.3% (2018)
> Unemployment: 4.1% (2019); 4.1% (2018)
33. South Dakota
> Median household income: $59,533 (2019); $57,030 (2018)
> Bachelor’s degree attainment: 29.7% (2019); 29.2% (2018)
> Poverty rate: 11.9% (2019); 13.1% (2018)
> Households earning $200,000 or more annually: 4.5% (2019); 3.9% (2018)
> Unemployment: 3.3% (2019); 3.1% (2018)
34. Florida
> Median household income: $59,227 (2019); $56,292 (2018)
> Bachelor’s degree attainment: 30.7% (2019); 30.4% (2018)
> Poverty rate: 12.7% (2019); 13.6% (2018)
> Households earning $200,000 or more annually: 6.7% (2019); 6.2% (2018)
> Unemployment: 3.1% (2019); 3.6% (2018)
[in-text-ad-2]
35. Maine
> Median household income: $58,924 (2019); $56,513 (2018)
> Bachelor’s degree attainment: 33.2% (2019); 31.5% (2018)
> Poverty rate: 10.9% (2019); 11.6% (2018)
> Households earning $200,000 or more annually: 5.2% (2019); 4.5% (2018)
> Unemployment: 3.0% (2019); 3.2% (2018)
36. Ohio
> Median household income: $58,642 (2019); $56,990 (2018)
> Bachelor’s degree attainment: 29.3% (2019); 29.0% (2018)
> Poverty rate: 13.1% (2019); 13.9% (2018)
> Households earning $200,000 or more annually: 5.4% (2019); 5.0% (2018)
> Unemployment: 4.1% (2019); 4.5% (2018)
[in-text-ad]
37. Indiana
> Median household income: $57,603 (2019); $56,583 (2018)
> Bachelor’s degree attainment: 26.9% (2019); 27.1% (2018)
> Poverty rate: 11.9% (2019); 13.1% (2018)
> Households earning $200,000 or more annually: 4.7% (2019); 4.1% (2018)
> Unemployment: 3.3% (2019); 3.5% (2018)
38. Missouri
> Median household income: $57,409 (2019); $55,371 (2018)
> Bachelor’s degree attainment: 30.2% (2019); 29.5% (2018)
> Poverty rate: 12.9% (2019); 13.2% (2018)
> Households earning $200,000 or more annually: 5.1% (2019); 5.1% (2018)
> Unemployment: 3.3% (2019); 3.2% (2018)
39. North Carolina
> Median household income: $57,341 (2019); $54,756 (2018)
> Bachelor’s degree attainment: 32.3% (2019); 31.9% (2018)
> Poverty rate: 13.6% (2019); 14.0% (2018)
> Households earning $200,000 or more annually: 6.0% (2019); 5.8% (2018)
> Unemployment: 3.9% (2019); 4.0% (2018)
[in-text-ad-2]
40. Montana
> Median household income: $57,153 (2019); $56,167 (2018)
> Bachelor’s degree attainment: 33.6% (2019); 31.7% (2018)
> Poverty rate: 12.6% (2019); 13.0% (2018)
> Households earning $200,000 or more annually: 4.3% (2019); 4.1% (2018)
> Unemployment: 3.5% (2019); 3.6% (2018)
41. South Carolina
> Median household income: $56,227 (2019); $53,222 (2018)
> Bachelor’s degree attainment: 29.6% (2019); 28.3% (2018)
> Poverty rate: 13.8% (2019); 15.3% (2018)
> Households earning $200,000 or more annually: 5.4% (2019); 4.8% (2018)
> Unemployment: 2.8% (2019); 3.5% (2018)
[in-text-ad]
42. Tennessee
> Median household income: $56,071 (2019); $53,274 (2018)
> Bachelor’s degree attainment: 28.7% (2019); 27.5% (2018)
> Poverty rate: 13.9% (2019); 15.3% (2018)
> Households earning $200,000 or more annually: 5.4% (2019); 4.8% (2018)
> Unemployment: 3.4% (2019); 3.5% (2018)
43. Oklahoma
> Median household income: $54,449 (2019); $52,654 (2018)
> Bachelor’s degree attainment: 26.2% (2019); 25.6% (2018)
> Poverty rate: 15.2% (2019); 15.6% (2018)
> Households earning $200,000 or more annually: 4.7% (2019); 4.4% (2018)
> Unemployment: 3.3% (2019); 3.4% (2018)
44. Kentucky
> Median household income: $52,295 (2019); $50,889 (2018)
> Bachelor’s degree attainment: 25.1% (2019); 24.8% (2018)
> Poverty rate: 16.3% (2019); 16.9% (2018)
> Households earning $200,000 or more annually: 4.1% (2019); 4.1% (2018)
> Unemployment: 4.3% (2019); 4.3% (2018)
[in-text-ad-2]
45. New Mexico
> Median household income: $51,945 (2019); $47,894 (2018)
> Bachelor’s degree attainment: 27.7% (2019); 27.7% (2018)
> Poverty rate: 18.2% (2019); 19.5% (2018)
> Households earning $200,000 or more annually: 4.5% (2019); 4.1% (2018)
> Unemployment: 4.9% (2019); 4.9% (2018)
46. Alabama
> Median household income: $51,734 (2019); $50,447 (2018)
> Bachelor’s degree attainment: 26.3% (2019); 25.5% (2018)
> Poverty rate: 15.5% (2019); 16.8% (2018)
> Households earning $200,000 or more annually: 4.3% (2019); 4.1% (2018)
> Unemployment: 3.0% (2019); 3.9% (2018)
[in-text-ad]
47. Louisiana
> Median household income: $51,073 (2019); $48,694 (2018)
> Bachelor’s degree attainment: 25.0% (2019); 24.3% (2018)
> Poverty rate: 19.0% (2019); 18.6% (2018)
> Households earning $200,000 or more annually: 5.0% (2019); 4.6% (2018)
> Unemployment: 4.8% (2019); 4.9% (2018)
48. Arkansas
> Median household income: $48,952 (2019); $47,787 (2018)
> Bachelor’s degree attainment: 23.3% (2019); 23.3% (2018)
> Poverty rate: 16.2% (2019); 17.2% (2018)
> Households earning $200,000 or more annually: 3.8% (2019); 3.7% (2018)
> Unemployment: 3.5% (2019); 3.6% (2018)
49. West Virginia
> Median household income: $48,850 (2019); $44,870 (2018)
> Bachelor’s degree attainment: 21.1% (2019); 21.3% (2018)
> Poverty rate: 16.0% (2019); 17.8% (2018)
> Households earning $200,000 or more annually: 3.4% (2019); 3.0% (2018)
> Unemployment: 4.9% (2019); 5.2% (2018)
[in-text-ad-2]
50. Mississippi
> Median household income: $45,792 (2019); $45,441 (2018)
> Bachelor’s degree attainment: 22.3% (2019); 23.2% (2018)
> Poverty rate: 19.6% (2019); 19.7% (2018)
> Households earning $200,000 or more annually: 3.2% (2019); 3.1% (2018)
> Unemployment: 5.4% (2019); 4.8% (2018)
Methodology
To determine America’s richest and poorest states, 24/7 Wall St. reviewed median household income by state with data from the U.S. Census Bureau’s 2019 American Community Survey.
The share of adults 25 and over with a bachelor’s degree, the share of households earning more than $200,000 per year, and the share of the population living below the poverty line — as well as figures from the previous year — also came from the 2019 ACS. We also reviewed annual average unemployment data from the Bureau of Labor Statistics for 2019 and 2018.
Want to Retire Early? Start Here (Sponsor)
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
