Richest States in USA

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Introduction

The United States is one of the wealthiest countries in the world in terms of GDP per capita, boasting a figure almost double that of the global average. The majority of states within the US also have a significantly higher GDP than much of the rest of the world, although there is significant disparity between different states within America itself; some of the wealthier states like California and New York boast many times greater wealth than much poorer ones such as Mississippi and West Virginia. Thus, while America as a whole enjoys high levels of wealth, this does not mean that all states are equally wealthy; in fact, there is a wide gulf between those with higher incomes and those with more modest economic means. As such, it is important to recognize and address both the overall economic prosperity enjoyed by America as well as its internal economic inequality so that all citizens are able to benefit from its riches.

States Ranked by Wealth

#StateGDP per capitaGDP
1District of Columbia$233,500156 billion
2New York$96,5021.9 trillion
3Massachusetts$95,029664 billion
4Washington$90,034697 billion
5California$89,5403.5 trillion
6North Dakota$85,64766 billion
7Connecticut$85,609309 billion
8Delaware$83,92284 billion
9Alaska$79,13958 billion
10Nebraska$78,500154 billion
11Illinois$76,825973 billion
12Wyoming$76,57744 billion
13Colorado$75,860441 billion
14New Jersey$75,549700 billion
15Minnesota$75,234429 billion
16New Hampshire$73,751102 billion
17Maryland$73,313452 billion
18Texas$71,2742.1 trillion
19Virginia$71,133615 billion
20Iowa$70,683226 billion
21South Dakota$70,14863 billion
22Utah$69,007230 billion
23Kansas$67,570198 billion
24Pennsylvania$67,485875 billion
25Georgia$66,109714 billion
26Hawaii$65,85795 billion
27Oregon$65,806279 billion
28Nevada$64,983204 billion
29Ohio$64,941765 billion
30North Carolina$64,885685 billion
31Wisconsin$64,436380 billion
32Indiana$64,357438 billion
33Tennessee$62,944439 billion
34Rhode Island$62,81769 billion
35Missouri$60,489373 billion
36Arizona$59,071430 billion
37Florida$59,0461.3 trillion
38Michigan$58,935592 billion
39Vermont$58,31138 billion
40Louisiana$57,769267 billion
41Maine$57,69979 billion
42Montana$56,13062 billion
43Oklahoma$54,824219 billion
44South Carolina$54,280282 billion
45Kentucky$54,216244 billion
46New Mexico$54,200115 billion
47Idaho$51,79398 billion
48West Virginia$51,57392 billion
49Alabama$51,086257 billion
50Arkansas$49,732150 billion
51Mississippi$44,060130 billion

What is GDP ?

Gross Domestic Product (GDP) is an economic measurement that provides an estimate of the total market value of all goods and services produced within a country in a given period of time. It serves as an important indicator of a nation’s overall economic health, as it reflects not only the market value of all goods and services but also the amount of money spent to produce those products. GDP is typically calculated annually, and helps measure the size and growth rate of a nation’s economy. In addition to measuring short-term trends in a country’s economy, GDP can be used to compare different countries on an international scale. For example, by comparing GDP per capita across countries, economists can identify differences in living standards between nations. Additionally, GDP can be used as an indicator of productivity; if GDP increases while unemployment remains low or even decreases during the same period, it suggests that productivity has grown within the country. Furthermore, changes in GDP can provide insight into areas such as consumer spending habits and investment trends.

Richest States

The richest states in the US are New York, Massachusetts, Washington, California, North Dakota, Connecticut, Delaware, Alaska, Nebraska, and Illinois. The richest state in America is New York, with a GDP per capita of $96,502. The second richest state in America is Massachusetts, with a GDP of $95,029 per capita. The third and fourth richest states are Washington and California, with GDPs of $90,034 and $89,540 per capita respectively. The fifth richest state in America is North Dakota, with a GDP per capita of $85,647. The sixth richest state in the US is Connecticut, with a GDP per capita of $85,609. The seventh and eighth richest states in the US are Delaware, with a GDP per capita of $83,922, and Alaska, with a GDP per capita of $79,139. Nebraska is the ninth richest state in the US, with a GDP per capita of $78,500. Finally, the tenth richest state in America is Illinois, with a GDP of $76,825 per capita.

Richest States in USA

1. New York – $96,502
2. Massachusetts – $95,029
3. Washington – $90,034
4. California – $89,540
5. North Dakota – $85,647
6. Connecticut – $85,609
7. Delaware – $83,922
8. Alaska – $79,139
9. Nebraska – $78,500
10. Illinois – $76,825

Richest State in USA

New York is the richest state in the US, with a GDP per capita at $96,5k. This means that New York is responsible for around 9% of America’s entire economic output, the highest percentage amongst the 50 states. The Empire State also has some of the highest average incomes in the nation, with a median household income of nearly $72.9k and per capita income of $96.5k. It also has the highest concentration of Fortune 500 companies in the country with more than 50 companies headquartered within its borders. Furthermore, due to its highly diversified economy and large population base, New York produces goods and services across a wide range of sectors including finance, media, tourism and technology. As a result of all these factors, New York continues to be one of the most economically powerful states in America today.

States by Wealth

Alabama

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GDP per capita

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$51,086

Ranked in the US

#49

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257 billion

Ranked in the US

#27

GDP per capita

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Alaska

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$79,139

Ranked in the US

#9

GDP

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58 billion

Ranked in the US

#49

GDP per capita

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Arizona

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$59,071

Ranked in the US

#36

GDP

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430 billion

Ranked in the US

#19

GDP per capita

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Arkansas

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$49,732

Ranked in the US

#50

GDP

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150 billion

Ranked in the US

#36

GDP per capita

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California

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$89,540

Ranked in the US

#5

GDP

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3.5 trillion

Ranked in the US

#1

California is the fifth richest state in the United States, boasting a GDP per capita of $89,540. California's economy is driven by its abundance of natural resources, its large and diverse population, and its many universities, research institutions, and technology companies. In addition to being one of the most populous states, it also has a diverse economic base that generates billions in economic output from agriculture, manufacturing, finance, retail trade, insurance, and real estate sectors as well as government services. Additionally, the state has strong ties with international markets due to its proximity to Mexico and other countries which allows for increased global trade opportunities. California is recognized as one of the most competitive economies in the world and is predicted to continue to lead U.S. growth for many years to come with its highly educated workforce and innovative businesses.

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Colorado

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$75,860

Ranked in the US

#13

GDP

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441 billion

Ranked in the US

#16

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Connecticut

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$85,609

Ranked in the US

#7

GDP

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309 billion

Ranked in the US

#23

GDP per capita

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Delaware

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$83,922

Ranked in the US

#8

GDP

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84 billion

Ranked in the US

#43

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District of Columbia

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$233,500

Ranked in the US

#1

GDP

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156 billion

Ranked in the US

#34

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Florida

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$59,046

Ranked in the US

#37

GDP

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1.3 trillion

Ranked in the US

#4

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Georgia

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$66,109

Ranked in the US

#25

GDP

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714 billion

Ranked in the US

#8

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Hawaii

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$65,857

Ranked in the US

#26

GDP

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95 billion

Ranked in the US

#41

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Idaho

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$51,793

Ranked in the US

#47

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98 billion

Ranked in the US

#40

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Illinois

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$76,825

Ranked in the US

#11

GDP

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973 billion

Ranked in the US

#5

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Indiana

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$64,357

Ranked in the US

#32

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438 billion

Ranked in the US

#18

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Iowa

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$70,683

Ranked in the US

#20

GDP

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226 billion

Ranked in the US

#30

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Kansas

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$67,570

Ranked in the US

#23

GDP

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198 billion

Ranked in the US

#33

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Kentucky

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$54,216

Ranked in the US

#45

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244 billion

Ranked in the US

#28

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Louisiana

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$57,769

Ranked in the US

#40

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267 billion

Ranked in the US

#26

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Maine

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$57,699

Ranked in the US

#41

GDP

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79 billion

Ranked in the US

#44

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Maryland

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$73,313

Ranked in the US

#17

GDP

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452 billion

Ranked in the US

#15

Maryland is the seventeenth richest state in the United States, boasting a GPD per capita of $73,313. Maryland's economy relies on various industries including technology, defense contracting, life sciences, and international trade. Additionally, its close proximity to Washington D.C., as well as excellent universities and K-12 schools, has contributed to its overall economic success. With an unemployment rate of 4.3%, Maryland remains one of the more stable job markets within the United States and continues to attract business from companies around the world.

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Massachusetts

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$95,029

Ranked in the US

#3

GDP

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664 billion

Ranked in the US

#12

GDP per capita

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Michigan

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$58,935

Ranked in the US

#38

GDP

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592 billion

Ranked in the US

#14

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Minnesota

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$75,234

Ranked in the US

#15

GDP

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429 billion

Ranked in the US

#20

GDP per capita

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Mississippi

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$44,060

Ranked in the US

#51

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130 billion

Ranked in the US

#37

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Missouri

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$60,489

Ranked in the US

#35

GDP

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373 billion

Ranked in the US

#22

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Montana

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$56,130

Ranked in the US

#42

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62 billion

Ranked in the US

#48

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Nebraska

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$78,500

Ranked in the US

#10

GDP

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154 billion

Ranked in the US

#35

GDP per capita

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Nevada

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$64,983

Ranked in the US

#28

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204 billion

Ranked in the US

#32

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New Hampshire

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$73,751

Ranked in the US

#16

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102 billion

Ranked in the US

#39

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New Jersey

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$75,549

Ranked in the US

#14

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700 billion

Ranked in the US

#9

GDP per capita

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New Mexico

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$54,200

Ranked in the US

#46

GDP

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115 billion

Ranked in the US

#38

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New York

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$96,502

Ranked in the US

#2

GDP

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1.9 trillion

Ranked in the US

#3

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North Carolina

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$64,885

Ranked in the US

#30

GDP

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685 billion

Ranked in the US

#11

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North Dakota

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$85,647

Ranked in the US

#6

GDP

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66 billion

Ranked in the US

#46

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Ohio

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$64,941

Ranked in the US

#29

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765 billion

Ranked in the US

#7

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Oklahoma

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$54,824

Ranked in the US

#43

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219 billion

Ranked in the US

#31

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Oregon

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$65,806

Ranked in the US

#27

GDP

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279 billion

Ranked in the US

#25

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Pennsylvania

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$67,485

Ranked in the US

#24

GDP

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875 billion

Ranked in the US

#6

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Rhode Island

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$62,817

Ranked in the US

#34

GDP

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69 billion

Ranked in the US

#45

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South Carolina

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$54,280

Ranked in the US

#44

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282 billion

Ranked in the US

#24

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South Dakota

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$70,148

Ranked in the US

#21

GDP

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63 billion

Ranked in the US

#47

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Tennessee

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$62,944

Ranked in the US

#33

GDP

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439 billion

Ranked in the US

#17

GDP per capita

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Texas

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$71,274

Ranked in the US

#18

GDP

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2.1 trillion

Ranked in the US

#2

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Utah

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$69,007

Ranked in the US

#22

GDP

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230 billion

Ranked in the US

#29

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Vermont

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$58,311

Ranked in the US

#39

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38 billion

Ranked in the US

#51

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Virginia

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$71,133

Ranked in the US

#19

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615 billion

Ranked in the US

#13

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Washington

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$90,034

Ranked in the US

#4

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697 billion

Ranked in the US

#10

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West Virginia

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$51,573

Ranked in the US

#48

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92 billion

Ranked in the US

#42

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Wisconsin

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$64,436

Ranked in the US

#31

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380 billion

Ranked in the US

#21

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Wyoming

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$76,577

Ranked in the US

#12

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44 billion

Ranked in the US

#50

GDP per capita

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FAQs

What is the richest state in America ?

The richest state in America is New York, with a GDP of $96,502 per capita.

What are the richest states in the US ?

The richest states in the US are New York, Massachusetts, Washington, California, North Dakota, Connecticut, Delaware, Alaska, Nebraska, and Illinois.

What are the 10 richest states in America ?

The 10 richest states in America are :

1. New York – $96,502
2. Massachusetts – $95,029
3. Washington – $90,034
4. California – $89,540
5. North Dakota – $85,647
6. Connecticut – $85,609
7. Delaware – $83,922
8. Alaska – $79,139
9. Nebraska – $78,500
10. Illinois – $76,825

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