What is richest state in USA?

The "richest" U.S. state depends on the metric, but Massachusetts often leads in median household income, while California has the largest state Gross Domestic Product (GDP). Other top contenders by income include Maryland, New Jersey, and Utah, while states like Connecticut and North Dakota rank high in per capita income or overall wealth scores, showcasing different facets of economic strength.

What are the top 5 richest states in the USA?

The top 5 richest U.S. states, based on recent data for median household income, are typically led by Massachusetts, followed by Maryland, Utah, New Jersey, and New Hampshire, often alongside California and Hawaii, though rankings fluctuate slightly by source and year, focusing on income per person rather than total state wealth (GDP). 

What is the poorest state in the USA?

Mississippi is consistently ranked as the poorest state in the U.S., often leading in poverty rates, having the lowest median household income, and facing challenges with high child poverty, with other Southern states like Louisiana, West Virginia, and New Mexico frequently appearing at the bottom of economic rankings. 

What are the top 3 richest cities in the US?

Rank City State Total Private Wealth 1 New York City New York $4 trillion 2 San Francisco Bay Area California $2.7 trillion 3 Los Angeles California $1.5 trillion 4 Houston Texas $975 billion 5 Washington D.C. D.C.

Which state is the richest state?

Massachusetts is often cited as the richest U.S. state by median household income, driven by its educated workforce and strong tech/finance sectors, though California leads in total economic size (GDP) and has the most billionaires, while metrics like GDP per capita might place states like New York or Connecticut at the top, depending on the source and year.
 

Shocking Ranking: Top 10 Richest States in the US [2024]

Which state is the strongest financially?

The best state to live in financially depends on your priorities, but top contenders often feature low taxes, affordable housing, and decent incomes, with Wyoming, Tennessee, Florida, Texas, North Dakota, South Dakota, and Iowa frequently appearing for low overall cost, while states like Massachusetts offer high wages but higher living costs. Key factors are no state income tax, low cost of living (housing especially), and strong median household incomes, with states like Wyoming and Tennessee often leading for savings, notes. 

What state owns the most money?

Overall, in the calendar year 2024, the United States' Nominal GDP at Current Prices totaled at $29.184 trillion, as compared to $27.720 trillion in 2023. The three U.S. states with the highest GDPs were California ($4.103 trillion), Texas ($2.709 trillion), and New York ($2.297 trillion).

Where do most billionaires live in the USA?

New York City, New York. New York remains unmatched as the wealthiest city in America in 2025. As the country's financial capital, it houses more millionaires and billionaires than any other U.S. city.

Where do poor people live in the USA?

Those with the most severe poverty are found in poor areas of the Southeast, including the Mississippi Delta and Appalachia, as well as on Native American lands. Pockets of high poverty are increasingly found in other regions, such as nonmetro areas of the Southwest and northern sections of the Midwest.

Which US state makes the least money?

The lowest income states in the U.S., based on recent median household income data, consistently include Mississippi, West Virginia, Louisiana, and Arkansas, with Mississippi often having the absolute lowest income and highest poverty rate, followed by states like Kentucky, Alabama, and New Mexico, reflecting ongoing economic challenges and lower opportunities in the South and Appalachia.
 

Who is the most poor state?

Mississippi consistently ranks as the state with the worst poverty, often followed closely by Louisiana and New Mexico, with high rates also seen in West Virginia, Arkansas, and Kentucky, reflecting a concentration of poverty in the Southern and Southwestern U.S., though California's high cost of living sometimes ties it with Louisiana for the highest poverty rate when considering a broader poverty measure.
 

What is the most expensive state to live in?

Hawaii is consistently ranked as the most expensive U.S. state to live in, primarily due to its remote island location requiring costly shipping for most goods, leading to significantly higher prices for housing, groceries, utilities, and transportation, often reaching nearly double the national average. Following Hawaii, other high-cost states usually include California, Massachusetts, New York, and Alaska, driven by housing markets and isolated supply chains. 

Which U.S. state has the most billionaires?

California has the most billionaires in the U.S., consistently leading other states like New York and Florida, primarily due to its booming tech and entertainment industries, with tech giants like Meta and Google founders residing in Silicon Valley and the Bay Area. Recent data shows California home to roughly 190-200 billionaires, far surpassing New York (around 130-140) and Florida (around 100-120). 

Which U.S. state has the strongest economy?

California has the strongest overall economy by size (largest GDP), clocking in at over $4 trillion, making it the 4th largest economy globally. However, for economic momentum or strength per person, other states like Texas, Florida, Massachusetts, and New York rank high, with Texas and Florida showing faster growth and Massachusetts often leading in metrics like GDP per capita or overall "best" rankings. 

Who is the #1 richest family?

The Walton family, founders of Walmart, are consistently ranked as the world's richest family, with their fortune estimated at over $500 billion in late 2025 by Bloomberg and CultureMap Fort Worth. Their wealth stems from their significant ownership in Walmart, the world's largest retailer by revenue, with family members like Jim, Rob, and Alice Walton holding substantial stakes.
 

Who is the No.1 richest man?

List of Top 10 Richest Persons in the World

• Elon Musk. Net Worth (as on 10 December 2025): $491B. ...
• Larry Ellison. Net Worth (as on 10 December 2025): $274.5B. ...
• Larry Page. Net Worth (as on 10 December 2025): $260.1B. ...
• Sergey Brin. ...
• Jeff Bezos. ...
• Mark Zuckerberg. ...
• Bernard Arnault and Family. ...
• Jensen Huang.

What is the richest town in the USA?

The richest town in the U.S. is consistently cited as Atherton, California, a Silicon Valley enclave near San Francisco, known for its ultra-high home values (averaging $8M+) and concentration of tech leaders, venture capitalists, and celebrities like Stephen Curry, driven by proximity to major tech hubs and historic wealth from the Bay Area elite. Other contenders for wealthiest spots often include towns like McLean, VA, Los Altos Hills, CA, Darien, CT, and Scarsdale, NY, depending on the specific metric (income, home value, etc.). 

Which state has no billionaire?

As of recent reports (2024-2025), the U.S. states with no billionaire residents are Alaska, Delaware, and West Virginia, though this list can fluctuate slightly, with New Hampshire, New Mexico, and North Dakota sometimes mentioned as having zero or very few, depending on the source. 

Who owns 90% of America's wealth?

The top 10% own 87.2%, and the bottom half owned 1.1%. Corporate equities and real estate facilitated the accumulation of wealth for baby boomers. In 2024, the Silent Generation and baby boomers represented 25% of the population, but held 65% of all wealth in the US.

Where do extremely rich people live?

Here are the report's top 10 cities with the highest populations of ultra-wealthy people:

• New York. Number of ultra-wealthy people: 21,380. ...
• Hong Kong. Number of ultra-wealthy people: 17,215. ...
• Los Angeles. Number of ultra-wealthy people: 11,680. ...
• San Francisco. Number of ultra-wealthy people: 8,270. ...
• Chicago. ...
• Tokyo. ...
• London. ...
• Dallas.

Which U.S. state is growing the fastest?

Florida and Texas consistently rank as the fastest-growing states in the U.S. by population, especially in recent years (2023-2024), driven by significant net migration and immigration, though Utah and Idaho often lead in percentage growth over longer periods, fueled by natural increases and migration. Recent data highlights Florida's top spot in overall numeric growth and high percentage gains, with Texas close behind, while Utah remains a leader in long-term percentage growth.
 

Who controls the most money in the US?

The Federal Reserve is the most powerful economic institution in the United States. It is responsible for managing monetary policy and regulating banks and the U.S. payment system.

What is the poorest U.S. state?

Mississippi is consistently ranked as the poorest U.S. state, characterized by the nation's lowest median household income, highest poverty rate (around 18-19%), high child poverty, and significant food insecurity, with states like Louisiana, New Mexico, West Virginia, and Arkansas often following in poverty rankings. These states face challenges like low wages, economic disparities, and limited resources, though some, like Mississippi, show growth in GDP but struggle with low-paying jobs, as noted by this World Population Review article and this Worldatlas article.