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

America’s Richest States

3. New Jersey

Median household income: $67,458

Population: 8,821,155 (11th highest)

Unemployment rate: 9.3% (14th highest)

Pct. below poverty line: 10.4% (3rd lowest)

In New Jersey, 10.9% of families earned more than $200,000 last year and just 10.4% of residents lived below the poverty line, fewer than all states except for New Hampshire. Still, there were areas in the state where poverty was more widespread. In Newark, 31.6% of residents lived below the poverty line, while Paterson’s poverty rate was 28.9%. In contrast to the state as a whole, families in Newark were more than 16 times more likely to earn less than $10,000 than over $200,000 a year. Similarly, in Paterson, 16.2% of families earned under $10,000 per year, while just 1.4% earned more than $200,000 annually.

(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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