These states have the highest and lowest household net worth
Hawaii took home the top spot for state with the highest median household net worth in 2019.
by Alejandra O'Connell-Domenech, The Hill, March 16, 2022 (excerpt)
The United States Census Bureau recently released new data on wealth, specifically, every state’s median household net worth. Household net worth is determined by taking a family’s assets and subtracting their debt or any financial assistance they receive.
In 2019, the median household net worth was $118,200, according to Census Bureau data, with that number dropping down to $41,200 if homeownership is taken out of the equation.
But the median household net worth changes dramatically by state. Here are the states with the highest and lowest median household net worth in 2019.
1. Hawaii: $373,200
2. Massachusetts: $251,000
3. New Hampshire: $243,600
4. North Dakota: $241,000
5. Minnesota: $228,500
5. Tennessee: $70,100
4. West Virginia: $65,290
3. New Mexico: $56,450
2. Arkansas: $49,990
1. Mississippi: $40,280
read … Full Report