The U.S. Census Bureau has released its latest report showing the median income of various states across the country. With a $65,028 median income, New Hampshire heads the list followed closely by New Jersey. Washington trails in at 10th place with a median income of $58,404, ranking last among the 10 wealthiest states in the U.S. The report takes the income over the past two years into consideration.
The Census Bureau report has revealed one interesting fact. Four of the states that make it to the top 10 most wealthy states list are located in the Northeastern part of the country. The money seems to be all concentrated here if one is to look at the statistics.
In striking contrast, the South has most of the 10 lowest income states. North Dakota residents have cause for celebration because this is the state with the best percentage improvement in median income. On the downside, Hawaii posted one of the biggest income declines.
When compared with the previous report, it is clear that not many states show much headway in terms of increasing their median income levels. Only a dozen have shown some improvement in the income, when the current report is compared with the earlier one showing the median income for the two year period ranging over 2006 and 2007.
[Read more…]