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24/7 Wall St.: America's Richest and Poorest States

America’s Poorest States

1. Mississippi

Median household income: $36,919

Population: 2,978,512 (20th lowest)

Unemployment rate: 10.7% (4th highest)

Pct. below poverty line: 22.6% (the highest)

The median income of the poorest state in the country, Mississippi, was just slightly less than 53% of the median income of Maryland, the richest state. Mississippi’s median income – like many states – fell each year between 2008 and 2011, dropping $2,677 during that time. Not only did Mississippi have the highest poverty rate in the country, but 7.8% of Mississippi families made less than $10,000 in 2011, which was also the lowest rate in the country. While unemployment declined in most states between 2010 and 2011, Mississippi’s actually rose 0.2 percentage points, one of only two states to see an increase in unemployment.

(iStock Photo)

More From 24/7 Wall St.:
America’s Worst Companies to Work for
States Losing the Most Jobs to China
The 10 Poorest Countries in the World

The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.

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