Preliminary estimates from the federal Bureau of Economic Analysis found personal income in Massachusetts averaged $82,475 per person in 2021, beating out Connecticut at $82,082. Connecticut had held the top spot since 1987, when it edged out resource-rich Alaska.
Is Connecticut still the richest state?
In terms of per capita income, Connecticut is the richest state in the United States of America. As of a 2019 estimate, Connecticut had a per capita income of $44,496.
Is Massachusetts one of the richest states?
Massachusetts is the second wealthiest state in the United States of America, with a median household income of $77,378 (as of 2019), per capita income of $41,794 (as of 2018), and a personal per capita income of $39,815 (as of 2003).
What is the number 1 richest state?
1. California
California, the nation’s most populous state, has the largest state GDP of $3,120,386,000. California’s median household income is $80,440, the sixth-highest in the U.S.
What are the 10 richest states?
These Are the 10 Wealthiest States:
- Maryland.
- Massachusetts.
- New Jersey.
- Hawaii.
- California.
- Connecticut.
- Washington.
- New Hampshire.
What is the richest town in CT?
Newtown Borough is being credited as the richest town in the state of Connecticut. Stacker.com compiled a list of the richest towns in all 50 U.S. states, which lists Newtown Borough as having a median household income of $140,625 (104.7% more than the U.S. median income).
Is everyone in Connecticut rich?
Connecticut isn’t just the nation’s wealthiest state — it’s also among the most unequal ones, with the top 1 percent out-earning the rest by more than 42 to 1. Affluent towns like Darien and Greenwich stand in stark contrast to the realities of deeply poor cities like Hartford and Bridgeport.
What is the richest town in MA?
1. Weston. The richest town in Massachusetts earns a per capita income of $105,217 and has a dramatically higher median family income of $250,000 or more compared to the other towns. Bloomberg ranked Middlesex County’s Weston town as having the 11thwealthiest zip code in all of the US in 2019.
Why is Massachusetts so wealthy?
Massachusetts is a rich state because it’s full of smart people. What the state lacks in oil reserves, coal mines, and other natural resources, it makes up for with high-performing schools and a well-educated workforce.
Where do billionaires live in Massachusetts?
Boston
While much of the state’s most expensive properties are set in Boston, many of the most affluent of Massachusetts’ residents live outside the city in smaller towns like Dover, Sherborn and Carlisle. One such town, Weston, is the wealthiest.
Which is poorest state in USA?
Poverty rates were highest in the states of Mississippi (19.58%), Louisiana (18.65%), New Mexico (18.55%), West Virginia (17.10%), Kentucky (16.61%), and Arkansas (16.08%), and they were lowest in the states of New Hampshire (7.42%), Maryland (9.02%), Utah (9.13%), Hawaii (9.26%), and Minnesota (9.33%).
What are the 10 poorest states in the US?
These states and territories have the highest percentages of poverty in the country: Mississippi, Louisiana, New Mexico, Kentucky, Arkansas, West Virginia, Alabama, the District of Columbia, South Carolina, and Georgia.
What states make the most money?
In the fiscal year of 2021, the state of California collected a total of 248.19 billion U.S. dollars in tax revenue, the highest of any state. New York collected the second highest amount of taxes in that year, coming in at 93.5 billion U.S. dollars.
What is the richest city in America?
Southlake, Texas—known for its exemplary public schools (one of which has won eight football state championships)—is the richest city in the United States for 2022, according to 24/7 Wall St., which used five-year estimates of median household income from the U.S. Census Bureau’s 2019 American Community Survey (ACS).
Which state has the best economy?
Washington topped the list of best state economies, ranking third on economic activity, seventh on economic health, and second on innovation potential. Utah and California rounded out the top three state economies. At the bottom of the list were Louisiana, Alaska, and West Virginia.
What city has the most billionaires?
New York: 107 billionaires
New York gained eight new billionaire residents over the past year, more than any other city on the list.
What is the poorest city in CT?
Here Are The 8 Poorest Cities In Connecticut
- Bridgeport. Iracaz/Wikimedia.
- New Haven. Emilie Foyer/Wikimedia.
- Hartford. Mira Hartford/Wikimedia.
- Waterbury. Daniel Casus, Grossis/Wikimedia.
- New London. Billy Hathorn/Wikimedia.
- New Britain. Sage Ross/Wikimedia.
- Ansonia. Milfordwoman/Wikimedia.
- Willimantic.
How many billionaires are in Connecticut?
Billionaires are ranked by net worth as of March 31. Forbes lists 13 billionaires in Connecticut.
How many millionaires live in Connecticut?
Connecticut ranks #2, with 99,965 and a ratio of 7.23, followed by New Jersey with a ratio of 7.14 and 232,514 millionaires. Connecticut has consistently been a top five state, placing third in 2013, fourth in 2012, 2011 and 2010.
Who is the richest person in CT?
Forbes lists 13 billionaires in Connecticut.
- #8. Brad Jacobs.
- #7. Stephen Mandel Jr.
- #6. Todd Boehly.
- #5. Alexandre Behring.
- #4. Karen Pritzker.
- #3. Andreas Halvorsen.
- #2. Steve Cohen. – Net worth: $17.4 billion (#107 wealthiest in the world)
- #1. Ray Dalio. – Net worth: $22.0 billion (#78 wealthiest in the world)
Why is Greenwich so wealthy?
Greenwich’s “hedge fund capital” nickname is well-earned: The city is also to several hedge funds that include AQR Capital Management, Viking Global Investors, K7 Investments, and Axiom Investors.