Profile of States by Median Household Incomes: 2012
October 22,
2014 by in General
Looking at the profile of how individual states compare to the total U.S. median income of $53,046, only two, Maryland and New Jersey, have median incomes over $70,000. Also well over the U.S. median, the next range of $60,000 to $70,000, has nine states that account for 17.6% of the state count.
Together, the two median ranges $53,046 to $60,000 and $45,000 to $53,046 make up 30 states and account for 58.8%. The lowest range of states include median incomes under $45,000 and consists of 10 states or 19.6%.
The 5 states with the highest median household income are Maryland, New Jersey, Alaska, Connecticut, and Hawaii. With a median income of $72,999, Maryland is 38% higher than the U.S. median income of $53,046. Also in the top income range, New Jersey has a median income of $71,637 –above the U.S. median by 35%.
Both Alaska and Connecticut are 31% higher than the country’s median income with their own state median income’s above $69,000. Rounding out the top 5 states, Hawaii has a median income of $67,492 –27% greater than the U.S. median income.