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

America’s Richest States

4. Connecticut

Median household income: $65,753

Population: 3,580,709 (22nd lowest)

Unemployment rate: 8.8% (19th highest)

Pct. below poverty line: 10.9% (5th lowest)

Connecticut is one of only three states, along with Maryland and New Jersey, to have had a higher percentage of families earning more than $200,000 a year than families living below the poverty line. The western region of the state is home to a sizable population of hedge funds, and their employees, along with residents who work in New York’s financial district, helping drive up the state’s median income. Second only to New York, Connecticut had one of the largest gaps between the rich and poor. At nearly 11%, the proportion of families living below the poverty line in Connecticut is the fifth lowest in the country. Meanwhile, 11.2% of families earned more than $200,000 in 2011, the highest proportion of all states.

(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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