What is the poorest state to live in?

"The 10 poorest states in the U.S. are typically identified as Mississippi, Louisiana, New Mexico, West Virginia, Alabama, Arkansas, Kentucky, Oklahoma, South Carolina, and Tennessee, based on metrics like median household income and poverty rates.


What is the top 10 poorest state?

List Of the US States With the Highest Poverty Rates Mississippi (19.58%) West Virginia (17.10%) Arkansas (16.08%) New Mexico (18.55%) Louisiana (18.65%) Kentucky (16.61%) Alabama (15.98%) Oklahoma (15.27%) South Carolina (14.68%) Tennessee (14.62%) North Carolina (13.98%) Georgia (14.28%)

What is the least richest state?

In contrast, states such as Mississippi and West Virginia are typically recognized as having lower median incomes, which can result in more affordable housing options but may also reflect limited economic opportunities.


Which US state makes the least money?

Poorest States by Median Income
  1. Mississippi. Median household income: $54,915 (2023)16. Population: 2.94 million (July 1, 2024)17. ...
  2. West Virginia. Median household income: $57,917 (2023)16. Population: 1.76 million (July 1, 2024)17. ...
  3. Arkansas. Median household income: $58,773 (2023)16. Population: 3.08 million (July 1, 2024)17.


What is the cheapest state to live in?

Below is a detailed breakdown of the ten most affordable states to live in 2025:
  • Arkansas. Arkansas continues to be one of the most affordable states in the U.S., especially for those looking to buy property. ...
  • Mississippi. ...
  • Oklahoma. ...
  • New Mexico. ...
  • Missouri. ...
  • Tennessee. ...
  • Michigan. ...
  • Texas.


Top 10 States with Highest Poverty In America [Poorest States 2023]



Is $40,000 a year considered poor?

A $40,000 salary is classified as lower-middle class, which is defined as households that earn between $30,001 and $58,020 a year.

What state has no billionaires?

As of 2024, there are 756 billionaires living in 43 of the 50 US states or Washington, D.C. The only states with no billionaire residents are Alaska, Delaware, New Hampshire, New Mexico, North Dakota, and West Virginia.

What is the most expensive state to live in?

#1. Hawai'i. Hawai'i is the most expensive state in the nation due to its location. The state cannot produce everything it needs, so it must import most goods and services, which significantly increases costs for everyday goods like groceries.


Where do 75% of the world's poorest people live?

The majority of the world's extreme poor live in sub-Saharan Africa, followed by South Asia.

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.

What is America's poorest big city?

Endnotes. “Philadelphia Is 'America's Poorest Big City.


What country is #1 in poverty?

1. South Sudan. With 82.3% of its population living in extreme poverty, South Sudan stands at the tragic forefront of this global crisis. The nation has been plagued by years of civil war and political turmoil, which have left its economy in shambles.

What states have no state income tax?

As of 2025, there are nine states that don't collect any state income tax: Alaska, Florida, Nevada, South Dakota, New Hampshire, Tennessee, Texas, Washington, and Wyoming.

What is the #1 best state to live in?

1. Massachusetts. According to WalletHub's study, Massachusetts is the best state to live in, excelling in all key factors—and earning the top spot in the ranking.


What is the #1 most expensive city in the US?

The income you need to live comfortably in the 10 most expensive U.S. cities—it's over $200,000 in No. 1
  • San Diego. ...
  • Los Angeles. ...
  • New York City. ...
  • Long Beach, California. ...
  • Seattle, Washington. ...
  • Boston. ...
  • Oakland, California. Average single-family home value: $797,148. ...
  • Washington, D.C. Average single-family home value: $749,377.


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.

Who will be the 1st trillionaire?

If Elon Musk is the world's first trillionare before Jan 1, 2030 then the market resolves to Yes. Outcome verified from Forbes.


What city is full of billionaires?

New York City, New York

As the country's financial capital, it houses more millionaires and billionaires than any other U.S. city.

Can I buy a home if I make $40,000 a year?

If you earn around $40,000 per year, the kind of house you can afford typically depends on your debt, down payment, and local housing costs, but generally, you could afford a home mortgage loan of around $120,000.

What is a good amount to have in your 401(k) when you retire?

This model states that you should aim to save at least 25 times what you expect to spend in your first year of retirement. For example, if you project that your expenses will amount to $40,000 a year once you've retired, then you should aim to have at least $1,000,000 in your 401(k) account by the time you retire.


What jobs pay around $40K a year?

A $40K per year salary is often associated with entry-level roles or positions in industries such as retail management, administrative support, customer service, healthcare support, and skilled trades. These jobs typically provide a foundation for developing important workplace skills and gaining experience.