10 richest states in America (2024)

FAQs

What is the 10 richest state in America? ›

As of March 2024, California was the U.S. state with most billionaires, with 197 billionaires calling the state home. New York was second, with 139 resident billionaires.

Overall, in the calendar year 2024, the United States' Nominal GDP at Current Prices totaled at $28.269 trillion, as compared to $25.744 trillion in 2022. The three U.S. states with the highest GDPs were California ($3.987 trillion), Texas ($2.664 trillion), and New York ($2.226 trillion).

With 340,000 millionaires and 58 billionaires, New York City stands as the world's wealthiest metropolitan area. Between 2012 and 2022, the number of high net worth individuals living in the Big Apple increased by 40%, even as the pandemic drove an exodus of wealthy people from the city.

Which state has no millionaires? ›

In 2019, Mississippi had the lowest ratio of millionaire households per capita in the country, with only 4.18 percent of households holding over one million U.S. dollars in assets.

New York remains the richest city in the U.S. and the world with nearly 350,000 millionaires and 60 billionaires. Its millionaire population has grown 48% over the past decade.

Maharashtra remains the highest contributor but it's relative share in India's GDP has declined in the last decade. The state, which is home to the country's financial capital Mumbai, accounted for over 15% of India's GDP about a decade and half earlier. Now, it's 13.3%.

The states with the highest median household income are Maryland, New Jersey, and Massachusetts. The states with the lowest median household income are Mississippi, West Virginia, and Arkansas.