Maryland Has The Highest Median Household Income In Country

An online publication 24/7WallSt.com reports that Maryland has the highest median household income and the second lowest poverty rate in the country. From the article, “America’s Richest (Poorest) States,”

A typical Maryland household earned more than $73,000 last year, more than in any other state in the country. The cost of living in Maryland, however, was also one of the highest in the country, with goods and services costing an average of 10.9% more than across the country. High median incomes likely drove up home values. The median home value of $288,500 last year was among the higher levels nationwide. High median incomes and a low poverty rate — the second lowest in the country last year — demonstrate how Maryland has one of the most equitable income distributions in the country. Few states had a higher proportion of high-income households than Maryland, where 9% earned $200,000 or more in 2014.

Other states in the top 5 include Hawaii, Connecticut, Alaska, and New Jersey

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