The richest states in the United States of America in 2024 are wealthy states that many Americans love to live in. They are actually amazing places. In this article, you will get to know the reasons these states are wealthy.
Among the fifty states, these are the top 15 richest states in the USA 2024, they are,
- New York
- Massachusetts
- Washington
- California
- Connecticut
- North Dakota
- Delaware
- Nebraska
- New Jersey
- Alaska
- Illinois
- Colorado
- Maryland
- New Hampshire
- Wyoming
And two more wealthy states in America. Listed according to their GDP per capita, check out their fascinating pieces of information about them and lots more.
Keep reading!
1. New York - The Richest State in the United States
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| Image credit: Emiliano Bar / Unsplash |
GDP per capita: $95,876
New York is undeniably the richest state in the US in 2024 as it is the financial capital of the United States. From the time the state was established, it has been an attraction to international trade.
This also attracts many immigrants and many of which later became entrepreneurs themselves. The location of this state makes it suitable. That is the canal system that extends to the midwest and the mouth of a river making it a protected deepwater port.
There are lots of investments in this state and lots of money is traded here. This state is where American fashion is based, with this, lots of wealth and employment are generated. It is also among the US media centers.
The biggest newspapers, television networks, movies, and music production industries are based in New York City, New York. It is a popular tourist destination that attracts millions of visitors that are bringing revenue to the state.
There are lots of rich people living here and there are people living average life as well as poor people. Many people living here complain things are expensive. It is a state with great restaurants, street smarts, people diversity with talent, and rich culture.
2. Massachusetts
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| Image credit: 12019 / Pixabay |
GDP per capita: $92,334
There are lots of best educational institutions, best hospitals, in this state and the USS constitution of the country too is based here. Its population is made up of the most educated people in the country. There are a plethora of job opportunities here.
The healthcare insurance system in this state is great. The state's wealth benefits are more evident in places like the Berkshires, the I-95 corridor, Middlesex county, the North Shore, central Boston, and others. There is considerable biotech and high-tech growth in this state.
It is a state rich in history as well. Boston is one of the best cities in the state with amazing sights. People living here enjoy a beautiful atmosphere because they are very close to forests, mountains, blue hills, and oceans.
It is a small state that you can get to anywhere. It is one of the states with strong gun laws which brings about low gun deaths. If you like to live in this state, be prepared to deal with bad traffic and things here are extremely expensive.
3. Washington
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| Bellevue, Washington State, USA. Image credit: Zac Gudakov / Unsplash |
GDP per capita: $86,770
It is a state named after the US president that gained presidential state in 1889. If you are rich, this state is an excellent place to call home.
However, the state's tax structure, which mainly relies on sales taxes and lacks an income tax, is not very favorable especially if you're a low-income person.
For the United States, Washington state is a major exporter of machinery used in transportation. For agriculture, Washington supplies 70% of the nation's apples, as well as the highest levels of milk, potatoes, and cattle.
This makes Washington a vital part of the US's food and agricultural business. For the state's economy, the aerospace sector is a key contributor.
With about 127,000 active duty, reserve, guard, and civilian personnel, the military and defense sector employ the second-highest number of people in Washington. Maritime, technology, and clean energy are a few more prosperous industries there.
4. California
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| Image credit: Paul Hanaoka / Unsplash |
GDP per capita: $85,263
Some ask this question, is California the richest state? It is obvious, it is not. Yet, it has the largest economy in the US. This state cannot be underrated as it is one of the top richest states in the U.S in 2024.
If this state can be a country, it would be the 5th largest economy in the world, so it is one of the richest states in the world. Its location is favorable as it is closer to the Chinese market than any other state.
It has a diverse economy, in which high tech and biotech develop here. It is a state that is highly tolerable, they do not make a law that makes the lives of workers here difficult. Foreigners are welcome here and do not have to undergo unnecessary punitive laws.
There are high-quality workers here, and most times, they do not have other American mentality of 9 to 5 working hours. Best public and private universities are located here.
It is a state with productive and highly educated people who are the majority. That is Americans that are highly ambitious and innovative. There are lots of rich people living in this state because it is an amazing place to live. It is a big state with lots of cities.
5. Connecticut
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| Image credit: Jimarojfm / Pixabay |
GDP per capita: $83,356
It is one of the richest states in America as well as the best and safest place. It is the country's number one for power couples. They do not experience natural disasters like hurricanes and storms. Even though there are dangerous places here too.
They do not have issues with illegal immigration. Connecticut offers a lot of job opportunities, for this, people travel to this state to have a better quality of life. Many people here have high-paying jobs.
This is because it is a small state with lots of lucrative industries. Many celebrities and billionaires live here. It is a state with some prestigious universities and they have the best educational systems in the US.
From the state, you can access New York City, which also contributes to its wealth. As they have a tax advantage over New York.
It is a nice state to be in as it is geographically beautiful, everywhere is green, as there are open fields, streams, meadows, and trees.
6. North Dakota
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| Image credit: Ndtourism.com |
GDP per capita: $82,825
About 90% of this state's land is used for agriculture. They provide over 90% of the US flaxseed and canola. They are the first producer of pinto beans and dry navy. Some years ago, when this country was experiencing a recession, there was a strong push for the state.
Remote areas of the state were dramatically changed by a vigorous push into oil extraction, which also attracted people looking for great pay and billions of dollars in investments.
Subsequently, as oil prices dropped globally, drilling decreased in Dakota, although overall oil and gas production in the state remained stable.
This is because drillers were able to minimize operating expenses. And it is the 6th among the richest states in the United States in 2024.
7. Delaware
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| Image credit: 12019 / Pixabay |
GDP per capita: $81,797
It is also referred to as the first state. This is because, in 1787, it was among the 13 original states, it was the first to ratify the USA constitution.
The states massively rely on chemical manufacturing such as plastics manufacturing companies, industrial chemicals companies, and pharmaceuticals.
In fact, it is known as the World's Chemical Capital. The state is one out of the richest states today because of its finance and insurance. These two-sector is Delaware's largest economic drivers.
And because the state has a pro-business model, many top companies are situated here like the one mentioned earlier. It has favorable laws for corporations and it is a low tax haven.
It is a small state, being the second smallest state in America, yet it attracts millions of people yearly. And one of the most popular destinations in the state is Rehoboth Beach.
8. Nebraska
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| Gene Leahy Mall, Omaha, Nebraska, United States. Image credit: John Matychuk / Unsplash |
GDP per capita: $77,617
Nebraska is from the Oto Indian words and it means “flat water,” when translated. This is because there is the river that flows through the state called the Platte River.
It is a state that is a significant producer of corn in the country. It produces beef in large quantities as well and the ratio of cattle to humans is 3:1. Across the state, there are almost 19,000 cattle ranches.
Beef is the major farm product in the state. Over $7 billion is generated yearly in revenue from the cattle industry. There are around 3 million pigs in the state which also generates $ 1 billion in its yearly revenue. It is the 3rd state that is in the production of corn. It is undeniable that this state is among the richest in the USA in 2024.
The business in the state is fueled by the "Golden Triangle" of corn, livestock, and ethanol manufacturing, which also positions well in the number of grains transported to distilleries. One of the world's richest men, Warren Buffett has a home in Omaha, which is the state's major urban center.
9. New Jersey
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| Image credit: 1778011 / Pixabay |
GDP per capita: $75,666
Its location influences its wealth, which is its proximity to Philadelphia and New York City. Most parts of this state are the suburbs of these two giant cities. With this, the state has high incomes.
In fact, the poorest city in this state, Camden has a 35.5% poverty rate. About two years ago, this state has the highest ratio of millionaire households per capita in the USA.
In New Jersey, wealthy celebrities live in cities like Saddle River, Franklin Lakes, Alpine, and Cresskill living in lavish mansions.
10. Alaska
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| Image credit: McGimp / Pixabay |
GDP per capita: $75,182
Alaska being among the richest state in the US in 2024 has an economy that is mostly based on three major industries, Oil and Gas, Tourism, and Fishing. About 85% of the state budget is from oil revenue.
Other important industries having revenue to the state are agriculture, mining, and timber. In 1968, on the arctic coast, at Prudhoe Bay, oil was discovered. This brings about the fortune of Alaska's oil industry.
Every year, more than 1.1 million visitors visit the state which boasts the state economy. This state holds the 2nd largest primary employer in the tourism industry. Alaska is beautified by its forest and it is a source of renewable economic resources.
The state has been supplying the world market with timber for pulp, lumber, logs, and other forest products. Alaska's land which covers about 15 million acres is suitable for agriculture which is an important source of revenue for the state.
11. Illinois
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| Chicago. Image credit: 12019 / Pixabay |
GDP per capita: $74,546
This state is also known as the Land of Lincoln or Prairie. Chicago is the biggest city in this state and it is located at the shore of Lake Michigan. It was after the civil war that this giant city became a boom.
The state continues to grow and develop, and this attracts immigrants. It is a state with big companies, that are into energy and biotechnology, agriculture, and education.
Illinois is one of the leading states in US ethanol fuel production, having huge wind farms, and production of clean energy technology.
12. Colorado
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| Image credit: Kevin Bree / Unsplash |
GDP per capita: $72,652
Historically, Colorado is one of the richest states in the USA, they have been wealthy from mineral extraction, livestock and agriculture.
It is a state that is diverse in geography and its natural resources as well is of economic importance. Since this state has geographical diversity, it gets revenue from tourism. You will find the tallest mountains, rocky mountains, and great plains in this state.
This brings billions of tourism dollars every year. More to revenue from tourism is the growing technological scene and a military presence, notably the U.S. Air Force Academy.
13. Maryland
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| Baltimore, Maryland. Image credit: 1778011 / Pixabay |
GDP per capita: $72,366
Maryland offers federal government jobs, world-class universities, and a fantastic school system. In the state, you will find the Social Security Administration, the Center for Medicare and Medicaid as the medical field is prominent here, and the National Security Agency.
All these benefits result in high GDP per capita. This is the reason why Maryland is one of the richest states in the U.S in 2024 because of its close proximity to Washington DC.
Most parts of Maryland are the suburbs of Washington DC. If you visit this state, you can enjoy fresh seafood and stunning beaches. In this state, there are brilliant artists like Philip Glass, John Waters, David Byrne, and Frank Zappa.
14. New Hampshire
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| Image credit: Meganzopf / Pixabay |
GDP per capita: $71,905
NH is also known as Granite State, Mother of Rivers, White Mountain State, and Switzerland of America. It is a stunning state with beautiful mountains, coastline, and lakes.
It has 22 unincorporated places, 221 towns, 13 municipalities, and 10 counties. It is a state that attracts people with high income because NH does not have a state income tax. Boston, which has higher-paying occupations, is also near NH.
People who work in MA frequently use NH as a "bedroom neighborhood". There are rich people here, but the reality is that not everyone is rich, there are people that are underemployed and has low income.
15. Wyoming
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| Image credit: JillWellington / Pixabay |
GDP per capita: $71,476
Alphabetically, it is the last state in the USA but it is one of the top richest states in the United States from its GDP per capita. Wyoming means “on (or at) the big plain, from the Lenape Indian word, mecheweami-ing.
It is the 10th largest by area but it is the least populous state. The major business in Wyoming is Coal. That almost 40% of the US domestic supply of coal is produced in Wyoming's mines, making the state a major coal producer.
Despite being completely enclosed by land, Wyoming is home to numerous islands. The state's boundaries include 32 designated islands, that are mostly situated in Green River, Yellowstone Lake, and Jackson Lake.
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