Although last year’s pandemic also reversed the incomes of the US population, in the past it has been felt that there are very large income disparities within the country when comparing individual US states. Official statistics show what is the richest state in the country.
Before the coronavirus pandemic, the US entry showed a sustained rise. Although the past year also reflected the financial situation of people in the United States, increasing income inequality, it is clear that there have been significant differences at the level of individual countries thus far, he writes. 24/7 Wall Street. analyzing.
The annual income of the average American household in 2019 was $65,712 (about $19.7 million), which is nearly $3,000 above the national average income. The median value always more accurately shows the income status of a “typical” household, filtering out outliers that distort the statistical mean.
However, large income disparities between states were already being felt in the United States before the pandemic. In 2019, for example, there were eight states where the annual income of the majority of households did not reach $55,000 (about HUF 16.5 million). Meanwhile, in 12 states, the majority of families earned more than $75,000 (about $22.5 million) a year.
Official government statistics show that in 2019, that is, before the effects of the pandemic, the poorest countries were located in the southern region, while the highest average incomes were measured in the northeastern and western coastal regions.
It is important to emphasize that average income is closely related to other socio-economic indicators as well. That is, when the income is higher, the poverty rate is generally lower, the average educational attainment of the people is higher and property values are also higher.
All this shows that according to 2019 data, Maryland is the richest state in the United States. In the state with a population of about 6 million, the median annual income of households was $86,738 (about HUF 26 million).
Meanwhile, the proportion of people with at least a bachelor’s degree in the region was 40.9 percent, the fourth highest in the country. The poverty rate was 9.0 percent, which is (divided) the third most favored figure in the nation’s competition. Finally, the average residential property value was $332,500 (nearly $100 million) in the state, which, although the ninth highest in the US, is still pretty solid.