Pie Chart of the Day: Wealth Distribution By State

No state had been in as much fiscal troubles as California during the past recession. It’s still in trouble and it’s looking for ways of closing its budget shortfall. But the thing to remember here is that California is quite rich. In fact, it’s the richest state in the nation, with 14% of the total wealth, or $8 Trillion. New York, another state lamenting its budget problems to the press, has the second biggest share of national wealth. It’s wealthier than the second most populous state, Texas. 

 Below is a pie chart showing the distribution of wealth by state. Wealthiest states are bluer than the rest of the US, and they’re usually bigger spenders and in a bigger hole than are the rest of the states. Since the tax system is pretty progressive in the country as a whole, these states probably pay a higher percentage of overall taxes collected. 

 You can take a look below and decide whether these states deserve a federal bailout or not: 

Wealthiest States 

Wealthiest 15 States:

California             14.03%
New York              7.37%
Texas                      7.02%
Florida                    5.74%
Illinois                    4.52%
New Jersey            4.13%
Pennsylvania        3.91%
Ohio                          3.30%
Virginia                   3.27%
Michigan                 3.00%
Massachusetts      2.88%
Georgia                    2.88%
Maryland                2.69%
North Carolina      2.63%
Washington           2.35%

Bottom 15 States:

New Mexico        0.50%
Nebraska              0.49%
Hawaii                   0.48%
West Virginia     0.40%
Idaho                     0.39%
Rhode Island      0.38%
Maine                    0.37%
D.C.                         0.31%
Delaware              0.31%
Alaska                   0.25%
Montana               0.24%
Vermont              0.20%
South Dakota     0.19%
North Dakota     0.17%
Wyoming             0.17%

Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors in the World

The Best Movie Sountracks Ever

The Highest Grossing Musicals on Broadway

The Most Successful Reality TV Stars

Cheapest Cities to Visit in the US

Most Expensive Summer Camps

Most Expensive Animals in the World

Most Expensive Specialty Crops in the World

Movies That Took Ages to Make

The Longest Hollywood Films Ever Made

Most Expensive Concert Stages

The Richest Bands of all Time

10 Most Corrupt Countries 2013 List

10 Countries with the Highest Quality of Life Index

Most Expensive Mattresses in the World

5 Smallest Countries by Land Area

The Ultimate Heartbreak Songs

Richest Teenagers in the World

10 Most Haunted Places in America

10 Best Places to Retire in Florida East Coast

Top 10 Places to See Before You Die

Top 8 Countries in the World Where Justice Prevails

10 Richest States in America

15 Wealthiest Countries in the World

Richest Singers in the World

Most Expensive Tasting Menu in New York City

Most Expensive Baby Items in the World

Most Expensive Hotel Suites in Vegas

Most Expensive Brunch in New York City

Most Expensive Beef Cuts in the World

25 Best Colleges to Get a Job

Top 10 US Supermarkets

The 25 Most Dangerous Cities in the World to Visit

Most Expensive Xbox Games

Top 11 Cities Where Billionaires Live

Top 10 Most Charitable Companies in America

Most Expensive Seafood in the World

The 10 Wildest Conspiracy Theories

The 10 Best Job Markets in the US

Top 10 Accounting Scandals of All Time

The 25 Biggest Cities in the World

Top 10 Best Paying Virtual Jobs

Most Expensive Leather Shoes in the World

Top 6 Things to Buy in March

The 10 Most Stressful Jobs in America – 2014 List

Top 10 Jobs for Introverted People

Top 10 Honeymoon Destinations in the World

Top 10 Highest Paying Jobs in the World

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!