A new study has revealed that New Jersey has the highest average household income in America.
New Jersey came top with an average household income of $134,191 per year and a median income of $96,346. There were 3,516,978 households recorded in the state, with 18.1% of them earning between $100,000 to $149,999 each year. A staggering 18.9% of New Jersey households were found to be earning $200,000 or more per year.
Massachusetts ranked second with an average household income of $133,823 per year and a median income of $94,488. Out of 2,797,776 households recorded in the state, 19% were estimated to have earned $200,000 or more. In comparison, 17.6% of households earned between $100,000 to $149,999, in which the average income sits.
California came third with an average household income of $131,504 per year and a median income of $91,551. 13,550,586 households were recorded in the state, with 17.6% of them earning between $100,000 to $149,999 each year. The highest percentage group of 18% was similarly from households earning $200,000 or more.
Connecticut ranked fourth with an average household income of $128,160 per year and a median income of $88,429. There were 1,433,635 households recorded in the state, with 17.7% estimated to be earning between $100,000 to $149,999 each year, while 16.3% of households earned $200,000 or more.
Maryland came fifth with an average household income of $125,876 per year and a median income of $94,991. 2,375,984 households were recorded in the state, with 18.7% of these earning between $100,000 to $149,999 each year. This was the highest percentage group, followed by 17.5% of househods earning $200,000 or more.
Other states in the top ten included Washington, Hawaii, New Hampshire, New York, and Virginia.
Mississippi reported the lowest average household income of $72,624 per year and a median income of $52,719. 1,148,340 households were recorded in the state, with 13.2% earning between $100,000 to $149,999 each year.
The study carried out by QR Code Generator, analyzed data from the US Census Bureau to estimate the average household income for each state based on annual earnings from 2022. These results were then compared and ranked from the highest to the lowest household income.
Marc Porcar, CEO of QR Code Generator commented on the findings:
“This study offers valuable insight into the estimated average earnings for households across America in recent years, alongside which income brackets are the most representative of the population in each state.
“New Jersey, Massachusetts, and California rank across the top three, which could be due to their notably high cost of living compared to other states. Each of them is also known for having prestigious universities, like Princeton, Harvard, and Stanford.
“It would be interesting to see whether these rankings change in subsequent years and to compare results across the past five or ten years to see which states have had the highest growth in average household earnings.”
Estimated average household incomes and number of households per state
| Ranking | State | Total number of households | Average household income ($) |
| 1. | New Jersey | 3,516,978 | 134,191 |
| 2. | Massachusetts | 2,797,776 | 133,823 |
| 3. | California | 13,550,586 | 131,504 |
| 4. | Connecticut | 1,433,635 | 128,160 |
| 5. | Maryland | 2,375,984 | 125,876 |
| 6. | Washington | 3,079,953 | 125,847 |
| 7. | Hawaii | 494,827 | 120,969 |
| 8. | New Hampshire | 557,220 | 119,452 |
| 9. | New York | 7,774,308 | 119,130 |
| 10. | Virginia | 3,380,607 | 119,058 |
| 11. | Colorado | 2,384,584 | 119,039 |
| 12. | Utah | 1,129,660 | 114,044 |
| 13. | Minnesota | 2,322,190 | 109,737 |
| 14. | Alaska | 274,574 | 109,524 |
| 15. | Rhode Island | 446,688 | 108,023 |
| 16. | Illinois | 5,056,360 | 106,728 |
| 17. | Delaware | 402,334 | 105,438 |
| 18. | Oregon | 1,726,340 | 102,923 |
| 19. | Texas | 11,087,708 | 101,738 |
| 20. | Arizona | 2,850,377 | 101,316 |
| 21. | Pennsylvania | 5,294,065 | 100,015 |
| 22. | Georgia | 4,092,467 | 99,863 |
| 23. | Florida | 8,826,394 | 99,349 |
| 24. | Nevada | 1,198,356 | 98,422 |
| 25. | North Dakota | 331,481 | 97,699 |
| 26. | Vermont | 277,090 | 97,261 |
| 27. | Nebraska | 803,157 | 94,599 |
| 28. | Idaho | 717,151 | 94,503 |
| 29. | North Carolina | 4,299,266 | 94,353 |
| 30. | Wisconsin | 2,491,121 | 94,085 |
| 31. | Maine | 605,338 | 93,555 |
| 32. | Kansas | 1,175,294 | 93,221 |
| 33. | Iowa | 1,330,995 | 92,695 |
| 34. | Michigan | 4,089,794 | 91,856 |
| 35. | Montana | 464,072 | 90,874 |
| 36. | South Dakota | 368,300 | 90,806 |
| 37. | Ohio | 4,878,206 | 90,109 |
| 38. | Wyoming | 243,321 | 90,018 |
| 39. | Tennessee | 2,846,684 | 89,799 |
| 40. | Indiana | 2,726,489 | 88,805 |
| 41. | South Carolina | 2,136,080 | 88,704 |
| 42. | Missouri | 2,521,832 | 88,586 |
| 43. | Alabama | 2,016,448 | 82,956 |
| 44. | Oklahoma | 1,573,180 | 82,741 |
| 45. | Kentucky | 1,828,680 | 82,614 |
| 46. | New Mexico | 848,218 | 82,382 |
| 47. | Louisiana | 1,816,902 | 79,175 |
| 48. | Arkansas | 1,216,207 | 76,853 |
| 49. | West Virginia | 736,341 | 75,265 |
| 50. | Mississippi | 1,148,340 | 72,624 |