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

America’s Richest States

2. Alaska

Median household income: $67,825

Population: 722,718 (4th lowest)

Unemployment rate: 7.6% (22nd lowest)

Pct. below poverty line: 10.5% (4th lowest)

In 2011, Alaska moved ahead of New Jersey to take the spot of the state with the second-highest median household income in the country. The state benefits from its vast natural resources, particularly oil, natural gas and timber. Since 1957, the state has collected nearly $100 billion in taxes from oil and gas companies, and Alaska oil production has accounted for more than 13% of total U.S. production. Most residents reap the benefits from these payments. Income inequality in the state is the second-lowest in the country. Just 3% of Alaskan families earned less than $10,000 per year compared to 5.1% nationwide. Meanwhile, despite the state’s high median income, just 5% of families earned more than $200,000 per year.

(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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