What state has the best economy?

There isn't one single "best" economy, as it depends on metrics: California has the largest overall economy (GDP) and is a global powerhouse, while Massachusetts, Utah, and Washington often rank high for economic momentum, growth, and innovation, with Texas also leading in rapid growth and business formation due to low taxes and a strong energy/tech sector. For overall economic strength and stability, states like Washington, Massachusetts, and Utah are frequently cited as top performers in recent rankings.

What US state has the strongest economy?

California has the strongest economy by far in terms of total size (Gross Domestic Product or GDP), generating over $4 trillion and representing about 14% of the entire U.S. economy, making it larger than most countries; however, states like Texas, Florida, and New York show faster recent growth, and states like Massachusetts, Washington, and New York lead in GDP per person, indicating high economic output per resident.
 

What is the best state to live in financially?

There's no single "best" state, as it depends on your priorities (low taxes vs. high wages), but Washington, Texas, Florida, Utah, and New Hampshire consistently rank high due to no income tax, strong economies, or low cost of living, with states like Arkansas, Alabama, and Tennessee offering very affordable options if budget is key. Key factors are state income tax, housing costs, job market strength, and overall affordability. 

Which state is no. 1 in economy?

Maharashtra - The Economic Powerhouse. Maharashtra is India's richest state, with a GSDP of ₹42.67 lakh crore, which is more than 13% of the country's total GDP.

What are the 10 richest states?

The top 10 richest U.S. states, typically ranked by median household income or GDP, consistently feature Massachusetts, New Jersey, Maryland, California, Hawaii, New Hampshire, Washington, Colorado, and Utah, with Connecticut often rounding out the list, reflecting high incomes and strong economies, though rankings vary slightly by metric and source. 

World’s Largest Economies | GDP Epic Battle (1560–2025)

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. 

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). 

Who is the richest state?

California is generally considered the richest U.S. state by total economic output (GDP), with a massive economy driven by tech (Silicon Valley) and entertainment (Hollywood), making it a global economic powerhouse. However, other states like Massachusetts, New Jersey, and Maryland often rank highest for wealth indicators like median household income or per capita income, showing wealth distribution varies.
 

What state has the lowest economy?

There isn't one single "worst" economy, as it depends on the metrics, but recent reports often point to Iowa, West Virginia, Hawaii, and Alaska as having some of the weakest economies due to low economic activity, lagging innovation, or over-reliance on single industries like oil (Alaska). Metrics like GDP growth, job creation, startup activity, and median income place these states at the bottom in various 2025 analyses, though economists suggest context is important.
 

Which state has the biggest economy in the world?

California is an economic powerhouse, nationally and globally. In 2023, California's gross domestic product (GDP) was about $3.9 trillion, comprising 14% of national GDP ($27.7 trillion). Texas and New York are the next largest state economies, at 9% and 8%, respectively.

Which state is worth moving to?

The study found the best states to move to are Utah, New Hampshire, Idaho and Virginia. According to the list, worst states to move to are California, Louisiana, New Mexico and Oregon.

Which states are struggling financially?

10 States Where Americans Are Struggling the Most to Cover the Basics

• Mississippi – Score: 90.2 (out of 100)
• Louisiana – Score: 80.3.
• West Virginia – Score: 77.8.
• New Mexico – Score: 74.7.
• Nevada – Score: 72.7.
• Oklahoma – Score: 71.3.
• California – Score: 70.4.
• Georgia – Score: 70.2.

Where is the nicest but cheapest place to live in the USA?

The cheapest, best places to live in the U.S. often involve the Midwest and South, with cities like Wichita (KS), Fort Wayne (IN), Dayton (OH), and Knoxville (TN) offering low housing costs and good value, while states like West Virginia, Mississippi, and Oklahoma consistently rank as most affordable overall. Key factors are low housing prices and a cost of living significantly below the national average, with some top contenders being Decatur (IL), Enid (OK), and Brownsville (TX), but "best" depends on balancing budget with lifestyle needs like jobs, culture, and amenities. 

Which state is the safest to live in?

While rankings vary slightly by source, Vermont, Massachusetts, New Hampshire, and Maine consistently rank as the safest states in the U.S. due to low crime rates, strong financial security, excellent emergency preparedness, and good road safety, with Vermont often taking the top spot in recent analyses. 

Which state has the fastest growing economy?

While recent data points to Utah and Texas leading in fast-paced economic growth for 2024/2025, with others like Florida and North Carolina also strong, the specific "fastest" often depends on the time frame (quarterly, yearly, or multi-year) and metric (GDP, jobs, momentum) used, but Utah, Texas, Florida, NC, and Arizona consistently rank high for dynamism and expansion. 

Which US state is the most financially stable?

• Utah. #1 in Fiscal Stability. #1 in Best States Overall. ...
• Delaware. #2 in Fiscal Stability. #18 in Best States Overall. ...
• New York. #3 in Fiscal Stability. ...
• Iowa. #4 in Fiscal Stability. ...
• Georgia. #5 in Fiscal Stability. ...
• Nebraska. #6 in Fiscal Stability. ...
• Tennessee. #7 in Fiscal Stability. ...
• Idaho. #8 in Fiscal Stability.

What state is #1 in poverty?

Mississippi consistently ranks as the U.S. state with the highest poverty rate, often followed closely by states like Louisiana, New Mexico, West Virginia, and Kentucky, though rankings shift slightly by year and data source (Official vs. Supplemental Poverty Measure). Mississippi struggles with low median incomes, low educational attainment, and high rates of child poverty, making it the poorest state by several metrics, according to World Population Review and other sources.
 

What is the happiest state to live in?

According to WalletHub's 2025 study, Hawaii is the happiest state in the U.S., ranking first for its strong emotional/physical well-being, work environment, and community/environment factors, with residents showing high life satisfaction, low depression, and long life expectancy, followed by Maryland and Nebraska in the top three. 

Which state has the cheapest cost of living?

Mississippi consistently ranks as the state with the cheapest cost of living in the U.S., primarily due to exceptionally low housing, groceries, and transportation costs, with other very affordable states often including West Virginia, Arkansas, Oklahoma, and Alabama, according to multiple 2025/2026 analyses. These Southern states offer significant savings, making your money stretch further compared to the national average. 

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).

What is the #1 richest county in America?

Summary. As of 2020, Loudoun County, Virginia, a suburb of Washington, D.C. in Virginia has a median household income of $147,111, the highest of any county in the nation.

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.

What states have 0 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 city is full of billionaires?

Billionaire cities are major global urban centers where the wealthiest individuals reside, with New York City consistently leading as the top city with the most billionaires, followed by major financial hubs like London, Hong Kong, Beijing, and Mumbai, according to reports from Forbes and Hurun Research Institute in 2025. These cities attract the super-rich due to strong financial sectors, real estate, corporate presence, and significant wealth concentration, though some Chinese cities have seen recent declines due to economic shifts.