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Top 20 U.S. States By Median Household Income

In this article, we will be covering the top 20 U.S. states by median household income. If you want to skip our detailed analysis, you can go directly to Top 5 U.S. States By Median Household Income.

The United States economy continues to navigate the post-pandemic landscape, and employment trends in the country remain an important indicator of economic well-being and prosperity. Let’s explore the employment trends that are shaping the lives of residents in the U.S. and identify the key sectors that are fueling job creation and income growth.

America’s Job Market and Key Trends

Driven by technological advancements, demographic shifts, and economic cycles, the U.S. employment sector is constantly evolving. Temporary and freelance work arrangements have surged over the past few years. Similarly, in recent years, remote work has also become much more prevalent, offering greater flexibility and work-life balance.

According to a survey by FlexJobs, there is a strong preference for remote or hybrid work arrangements among employees. The 2022 Career Pulse Survey found that a staggering 65% of respondents wanted to work remotely full-time, while 32% opted for a hybrid model. This overwhelming preference for remote work arrangements highlights the evolving expectations of today’s workforce, prioritizing flexibility and work-life balance. You can also take a look at the best work from home jobs for 2023.

Recent trends show an increased demand for healthcare services, which is driving a surge in demand for healthcare workers, particularly nurses, physicians, and technicians. As reported by the U.S. Bureau of Labor Statistics, healthcare added 58,000 jobs and social assistance added 19,000 jobs in October. The report also mentions that employment in government increased by 51,000 in October.

Moreover, automation is rapidly transforming many different markets and industries. While this trend poses challenges for some workers by replacing routine tasks and sometimes displacing workers in certain sectors, it also creates new job opportunities in areas like automation design, data analysis, and maintenance. In one of our previous articles about the most automated industries in the US, we discussed that contrary to popular belief, automation of industries is expected to create more jobs in the future. According to a report by Deloitte, the manufacturing industry alone could have 2.1 million unfilled jobs in the United States by 2030.

As technology advances and industries evolve, the demand for skills is changing. Upskilling and reskilling has become more crucial than ever for many workers around the country to remain competitive in the job market. This underscores the importance of access to education, learning, and training opportunities.

Some of the Biggest Companies that are Creating Jobs for Americans

Some of the major companies that are driving job creation and income growth in the United States are Amazon.com, Inc. (NASDAQ:AMZN), Apple Inc. (NASDAQ:AAPL), and Walmart Inc. (NYSE:WMT). These corporations contribute significantly to the country’s economic vitality and prosperity.

Amazon.com, Inc. (NASDAQ:AMZN) and Apple Inc. (NASDAQ:AAPL) are some of the most valuable companies in the world. These two tech giants have been contributing to job creation and economic growth in the U.S. for years.

Apple Inc. (NASDAQ:AAPL) claims that it is one of the biggest job creators in the country, responsible for around 2 million jobs in all of 50 U.S. states. Apple Inc. (NASDAQ:AAPL) boasts a diverse array of employment opportunities, encompassing roles in design, science, construction, manufacturing, retail, customer support, marketing, and hardware and software engineering.

Amazon.com, Inc. (NASDAQ:AMZN) claims that it has created more jobs in the country than any other company over the last decade and that in 2022, it injected over $240 billion into infrastructure and employee compensation, demonstrating its unwavering commitment to the U.S. workforce.

On September 19, Amazon.com, Inc. (NASDAQ:AMZN) announced that it will be recruiting 250,000 employees across the United States for full-time, seasonal, and part-time positions within its extensive operations network. These jobs include stowing, picking, packing, sorting, shipping orders, and more, and employment opportunities are available in hundreds of towns and cities across the country. It said that the employment of 30,000 personnel from among the total pool will be across California. The state of California is set to reap substantial benefits from this hiring drive.

Retail companies such as Walmart Inc. (NYSE:WMT) are among some of the largest private employers in the world. With thousands of stores in America, Walmart Inc. (NYSE:WMT) claims to employ nearly 1.6 million associates in the U.S. alone. The company’s vast network of retail stores, distribution centers, and logistics operations creates numerous jobs. With a loyal customer base in the U.S. and other countries, Walmart Inc. (NYSE:WMT) is one of the biggest companies in the world by revenue. On November 16, Walmart Inc. (NYSE:WMT) reported strong earnings for the fiscal third quarter of 2024. The company reported an EPS of $1.53 and beat estimates by $0.01. The company’s revenue for the quarter grew by 5.26% year-over-year and amounted to $159.44 billion, ahead of market consensus by $895.65 million.

Now that we have looked at some of the key trends in the U.S. employment sector, let’s take a look at the top 20 U.S. states by median household income.

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Methodology

In this article, we have listed the top 20 U.S. states by median household income. To collect data for our list, we consulted the United States Census Bureau database. This database provided us with estimated median household income for all US states. We used data available for the latest year in their dataset, which is 2022. We then narrowed down our selection to rank the top 20 U.S. states by median household income, which are listed below in ascending order.

Top 20 U.S. States By Median Household Income

20. Vermont

Median Household Income: $73,991

First up on our list of top 20 U.S. states by median household income is Vermont. It ranks among the least populated and smallest states in the country. Vermont has a median household income of $73,991.

19. Arizona

Median Household Income: $74,568

Arizona, a southwestern U.S. state, is most famously known for the Grand Canyon. It has also been nicknamed the Grand Canyon State. The state government of Arizona is a major employer in the state, and the state had a median household income of $74,568.

18. Oregon

Median Household Income: $75,657

Oregon, nicknamed the Beaver State, is a state in the Pacific Northwest region of the country. The state’s diverse landscapes provide ideal environments for various types of agriculture and farming. With a median household income of $75,657, Oregon ranks at the number 18 spot on our list of top 20 U.S. states by median household income.

17. Illinois

Median Household Income: $76,708

Illinois ranks among the most populated U.S. states. Home to the global city of Chicago, major agricultural and industrial hubs, and natural resources such as coal, timber and petroleum, the state of Illinois has a highly diverse economy. According to recently reported data, Illinois has a median household income of $76,708.

16. New York

Median Household Income: $79,557

The state of New York is located in the North Eastern part of the country. It ranks among the most populated U.S. states. New York City, or NYC, which is the largest city in the state, is the country’s most populated city. The state of New York has a median household income of $79,557.

15. Rhode Island

Median Household Income: $81,854

Rhode Island, nicknamed the Ocean State, is known for its sandy shores and seaside Colonial towns. With a median household income of $81,854, Rhode Island ranks among the top 15 U.S. states by median household income.

14. Delaware

Median Household Income: $82,174

Delaware is a small Mid-Atlantic U.S. state with a median household income of $82,174. Delaware is known for its business-friendly legal framework that is designed to provide a clear and flexible environment for businesses to operate. It is also known for chemical manufacturing. Over the years the state of Delaware has been called the corporate capital and the chemical capital of the United States.

13. Minnesota

Median Household Income: $82,338

Minnesota is a midwestern U.S. state that shares a border with Canada. It is known for mining, lakes, and Mall of America, which is the largest shopping mall in the United States. According to the most recent available data, Minnesota has a median household income of $82,338.

12. Virginia

Median Household Income: $85,873

Virginia is a southeastern U.S. state that has a median household income of $85,873. With a diverse economy that includes local and federal government, farming, military, and high-tech, Virginia ranks among the wealthiest states in America.

11. Alaska

Median Household Income: $88,121

Alaska is the largest U.S. state by area and at the same time it ranks among the least populated states. It is known for its native culture and wide open spaces. While employment is primarily in government and industries such as natural resource extraction, shipping, and transportation, the oil and gas industry dominates the economy of Alaska. Alaska has a median household income of $88,121.

10. Connecticut

Median Household Income: $88,429

Connecticut is known for its manufacturing industry, cultural heritage, and Yale University. With a median household income of $88,429, Connecticut ranks among the top 10 U.S. states by median household income.

9. Utah

Median Household Income: $89,168

Known for its naturally diverse landscape, Utah is home to arid deserts, pine forests, mountain valleys, and some of the most iconic national parks. Major industries of Utah include government services, salt production, and mining. According to the most recent available data, Utah has a median household income of $89,168.

8. Colorado

Median Household Income: $89,302

Colorado is known for its landscape of mountains, canyons, forests, rivers, high plains, and mesas. It is also home to several federal facilities. The state’s diverse geography and beautiful mountains attract large numbers of tourists and tourism contributes greatly to Colorado’s economy. Colorado has a median household income of $89,302 and ranks high among the top U.S. states by median household income.

7. New Hampshire

Median Household Income: $89,992

New Hampshire is a state in New England that is known for its quaint towns and large expanses of wilderness. It is also home to some of the most popular destinations for skiing, snowboarding, and hiking in the United States. The state of New Hampshire has a median household income of $89,992.

6. Washington

Median Household Income: $91,306

Washington is a state in the northwestern United States. The state of Washington was nicknamed “The Evergreen State” for its abundant evergreen forests. The state is one of the country’s biggest producers of lumber, plywood, and wine. The majority of Washington’s residents live in the Seattle metropolitan area, and the median household income in the state is $91,306.

Click to continue reading and see Top 5 U.S. States By Median Household Income.

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Disclosure: None. Top 20 U.S. States By Median Household Income is published on Insider Monkey.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

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This prediction might not be bold at all:

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AI, Tariffs, Nuclear Power: One Undervalued Stock Connects ALL the Dots (Before It Explodes!)

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

AI is eating the world—and the machines behind it are ravenous.

Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy. In fact, AI is already pushing global power grids to the brink.

Wall Street is pouring hundreds of billions into artificial intelligence—training smarter chatbots, automating industries, and building the digital future. But there’s one urgent question few are asking:

Where will all of that energy come from?

AI is the most electricity-hungry technology ever invented. Each data center powering large language models like ChatGPT consumes as much energy as a small city. And it’s about to get worse.

Even Sam Altman, the founder of OpenAI, issued a stark warning:

“The future of AI depends on an energy breakthrough.”

Elon Musk was even more blunt:

“AI will run out of electricity by next year.”

As the world chases faster, smarter machines, a hidden crisis is emerging behind the scenes. Power grids are strained. Electricity prices are rising. Utilities are scrambling to expand capacity.

And that’s where the real opportunity lies…

One little-known company—almost entirely overlooked by most AI investors—could be the ultimate backdoor play. It’s not a chipmaker. It’s not a cloud platform. But it might be the most important AI stock in the US owns critical energy infrastructure assets positioned to feed the coming AI energy spike.

As demand from AI data centers explodes, this company is gearing up to profit from the most valuable commodity in the digital age: electricity.

The “Toll Booth” Operator of the AI Energy Boom

  • It owns critical nuclear energy infrastructure assets, positioning it at the heart of America’s next-generation power strategy.
  • It’s one of the only global companies capable of executing large-scale, complex EPC (engineering, procurement, and construction) projects across oil, gas, renewable fuels, and industrial infrastructure.
  • It plays a pivotal role in U.S. LNG exportation—a sector about to explode under President Trump’s renewed “America First” energy doctrine.

Trump has made it clear: Europe and U.S. allies must buy American LNG.

And our company sits in the toll booth—collecting fees on every drop exported.

But that’s not all…

As Trump’s proposed tariffs push American manufacturers to bring their operations back home, this company will be first in line to rebuild, retrofit, and reengineer those facilities.

AI. Energy. Tariffs. Onshoring. This One Company Ties It All Together.

While the world is distracted by flashy AI tickers, a few smart investors are quietly scooping up shares of the one company powering it all from behind the scenes.

AI needs energy. Energy needs infrastructure.

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This company has its finger in every pie—and Wall Street is just starting to notice.

Wall Street is noticing this company also because it is quietly riding all of these tailwinds—without the sky-high valuation.

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This company is completely debt-free.

In fact, it’s sitting on a war chest of cash—equal to nearly one-third of its entire market cap.

It also owns a huge equity stake in another red-hot AI play, giving investors indirect exposure to multiple AI growth engines without paying a premium.

And here’s what the smart money has started whispering…

The Hedge Fund Secret That’s Starting to Leak Out

This stock is so off-the-radar, so absurdly undervalued, that some of the most secretive hedge fund managers in the world have begun pitching it at closed-door investment summits.

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Why? Because excluding cash and investments, this company is trading at less than 7 times earnings.

And that’s for a business tied to:

  • The AI infrastructure supercycle
  • The onshoring boom driven by Trump-era tariffs
  • A surge in U.S. LNG exports
  • And a unique footprint in nuclear energy—the future of clean, reliable power

You simply won’t find another AI and energy stock this cheap… with this much upside.

This isn’t a hype stock. It’s not riding on hope.

It’s delivering real cash flows, owns critical infrastructure, and holds stakes in other major growth stories.

This is your chance to get in before the rockets take off!

Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.

AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.

The companies that embrace AI will thrive, while the dinosaurs clinging to outdated methods will be left in the dust.

As an investor, you want to be on the side of the winners, and AI is the winning ticket.

The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.

From computer scientists to mathematicians, the next generation of innovators is pouring its energy into this field.

This influx of talent guarantees a constant stream of groundbreaking ideas and rapid advancements.

By investing in AI, you’re essentially backing the future.

The future is powered by artificial intelligence, and the time to invest is NOW.

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