In this article, we will look at 10 States with the Highest Average Salary in the US. We have also explored average and median incomes in the US along with some companies that have recently increased salaries in the US. If you are interested in reading about that along with the complete list, head straight to Average Salary in each state in US.
10. Virginia
Annual Average Salary: $65,590
Virginia is an eastern state steeped in colonial history, with Jamestown, Monticello, and Shenandoah National Park. These historical parks reflect Virginia’s rich heritage, landscapes, and cultural attractions.
9. Alaska
Annual Average Salary: $66,130
Alaska is the northernmost state, with a population of 732,673 as of 2020. Alaska is the most isolated state in the US.
8. Colorado
Annual Average Salary: $67,870
Oracle Corporation and Amazon.com Inc are two of the biggest companies in Colorado. The state is celebrated for the Rocky Mountains, skiing, and progressive cities. This explains why the city attracts outdoor enthusiasts and nature lovers alike.
7. Connecticut
Annual Average Salary: $69,310
Connecticut is in New England with colonial history and proximity to major cities. It combines elements of history with modern infrastructure. It is one of the wealthiest states in the US.
6. Maryland
Annual Average Salary: $69,750
The last measured GDP per capita for Maryland was $61,042 in 2018. It is an eastern state with the Chesapeake Bay, Baltimore’s harbor, and rich history.
5. New Jersey
Annual Average Salary: $70,890
New Jersey is known for its diverse communities, Atlantic coastline, and proximity to New York and Philadelphia that offers a blend of urban attractions with beach getaways. It is one of the wealthiest states in the US.
4. Washington
Annual Average Salary: $72,350
Washington is home to the stunning Cascade Range, Seattle’s tech hub, and abundant outdoor recreational opportunities, including Mount Rainier and Olympic National Park. The last measured GDP per capita for Washington was $67,901 in 2018.
3. California
Annual Average Salary: $73,220
California is famous for Hollywood, Silicon Valley, and iconic landmarks like the Golden Gate Bridge and Yosemite National Park, that provides a unique blend of culture and nature. It has one of the highest average salaries in the US.
2. New York
Annual Average Salary: $74,870
New York State, located in the northeastern US., is renowned for its iconic New York City, a global hub of finance, culture, and arts. New York City, New York, is one of the world’s wealthiest cities with over 340,000 millionaires.
1. Massachusetts
Annual Average Salary: $76,600
Massachusetts holds a prominent place in American history. Home to Boston, the “Cradle of Liberty,” it played a pivotal role in the American Revolution. The state has prestigious universities, including Harvard and MIT, and is a hub for the healthcare, technology, and biotechnology industries. Its coastal beauty, cultural landmarks, and progressive values contribute to its unique allure. It is the state with the highest average salary. Massachusetts has the highest GDP per capita in the country.
Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily enewsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below. You can also take a peek at 15 Least Tax Friendly States For Middle Class Families and 15 Countries That Have The Highest Taxes On High Incomes.
