However wide variation exists among states.
The average household income among the 10 lowest-performing states was $61,021, 36% lower than the average among the country’s 10 highest-performing states, at $95,860.
Mississippi had the lowest annual median household income among states, at $54,203.
#10. Connecticut
Median Household Income: $91,665
According to the state, 15 Connecticut companies are on the 2024 Fortune 500 list, encompassing key industries such as insurance, pharmaceuticals, aerospace, biosciences, and medical technology.
Read more about Connecticut.
9. Colorado
Median Household Income: $92,911
Some of the largest employers in the state include companies in trade, transportation, and health care.
Read more about Colorado.
8. Utah
Median Household Income: $93,421
The largest employers in Utah include the Intermountain Health System, Walmart, and the state government, as well as major universities including Brigham Young University and the University of Utah, which includes a hospital.
Read more about Utah..
7. Washington
Median Household Income: $94,605
Government jobs are the second-largest employment sector in the state, with more than 605,000 workers as of November 2024, according to Bureau of Labor Statistics estimates. The trade, transportation, and utilities sectors were the largest and employed more than 617,000 workers in November.
Learn more about Washington.
6. Hawaii
Median Household Income: $95,322
The public sector remains the largest employer in Hawaii, with more than 126,000 government workers as of November 2024, according to Bureau of Labor Statistics data. The state had no company that was included in the 2024 Fortune 500 list.
Read more about Hawaii.
5. California
Median Household Income: $95,521
Four counties in California – San Francisco, Marin, San Mateo, and Santa Clara – are among the wealthiest counties in the country, according to a recent U.S. News analysis. The median household income of the richest county, Santa Clara, is the second-highest in the U.S., at $159,674, according to 2019-2023 Census Bureau estimates.
Learn more about California.
4. New Hampshire
Median Household Income: $96,838
Health care is one of the largest industries in New Hampshire, employing more than 102,000 people as of November 2024, according to data published by the state.
Read more about New Hampshire.
3. Maryland
Median Household Income: $98,678
Three companies based in the state – Lockheed Martin, Marriott International, and Constellation Energy – are included on the 2024 Fortune 500 list.
Maryland’s Howard County, with a median household income of $146,982, was the sixth-wealthiest county in the nation, according to 2019-2023 Census Bureau estimates. The largest employer in the state is the government, which had a workforce of more than 538,000 people as of November 2024, according to Bureau of Labor Statistics data.
Read more about Maryland.
2. New Jersey
Median Household Income: $99,781
New Jersey’s richest county – Hunterdon County – has a median household income of $139,453, according to 2019-2023 Census Bureau estimates. The trade, transportation, and utilities supersector has the largest number of workers in the state, with nearly 920,000 employees as of November 2024, according to Bureau of Labor Statistics data.
Read more about New Jersey.
1. Massachusetts
Median Household Income: $99,858
Massachusetts is home to 16 companies that are included on the 2024 Fortune 500 list, yet it is the education and healthcare services sector that is the largest employer in the state, with nearly 850,000 workers as of November 2024, according to the Bureau of Labor Statistics.
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