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The economic disparity in the United States is a topic that has garnered much attention over the years, with income inequality being one of the major facets of this issue. The median household income - the point at which half the households in a state earn more and half earn less - is a significant indicator of the standard of living and economic health of a region.
As of the latest Census Bureau data, the median household income varies significantly from state to state. In 2022, the states of Maryland, New Jersey, and Massachusetts topped the list with median household incomes of $87,063, $85,245, and $84,385 respectively. At the lower end of the scale, Mississippi had the lowest median household income at $46,511, followed by West Virginia and Arkansas.
Key findings from the data include:
The analysis of median household income by state provides a detailed understanding of economic conditions and living standards in different parts of the country. However, it is essential to remember that these figures are not the complete story. Numerous factors, such as cost of living, unemployment rates, and economic opportunities, also contribute significantly to the financial health of individuals and families.
In 2022, the typical American household enjoyed a median income of around $68,700, marking a 1.8% uptick from the previous year. This figure represents the income level at which half of all households earned more and half earned less, offering a snapshot of the nation's economic landscape for that year.
When evaluating the states with the highest median household income, Maryland, New Jersey, Massachusetts, Hawaii, Connecticut, California, New Hampshire, Alaska, Washington, and Virginia all lead the nation.
Boasting the highest median income in the United States, Maryland residents have an impressive median household income of $87,063. Not too far behind, New Jersey ranks second with a median household income of $85,245. Massachusetts, with a median household income of $84,385, also secures a top three spot.
The ever-charming Hawaii is not only a paradise for surfers, but also for its inhabitants' fiscal health with a median household income of $83,173. Connecticut, with its picturesque landscapes, offers its residents an income median of $79,855.
The Golden state, California, boasts a robust median household income of $78,672. Renowned New Hampshire, with its purple lilacs and autumn scenery, supports a median household income of $77,923. The Last Frontier, Alaska, displays a strong median household income of $77,790.
Meanwhile, the scenic state of Washington showcases a median household income of $77,006. Not to be overlooked, Virginia rounds out the top ten with a median household income of $76,398.
States with the highest median household income:
The states with the lowest median household income are Mississippi, West Virginia, Arkansas, Louisiana, New Mexico, Alabama, Kentucky, Oklahoma, Tennessee, and South Carolina. Mississippi has the lowest median household income, with residents earning an average of $46,511 per year. West Virginia has the second lowest median household income, with a yearly average of $48,037. Arkansas' median household income amounts to $49,475, making it the third lowest on this list. Louisiana follows closely with an average household income of $50,800 per year.
Further down the line, New Mexico's median household income stands at $51,243 while Alabama's average is slightly higher at $52,035. Kentucky's households earn a median income of $52,238 yearly. Oklahoma offers a median household income of $53,840 whereas, in Tennessee, the median household income is $54,833. Lastly, South Carolina's residents earn a median household income of $54,864 annually.
States with the lowest median household income:
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U.S Rank
Long ass metric name here
567
#1
Long ass metric name here
567
#1
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