spain Posted August 31, 2007 Share Posted August 31, 2007 The Richest (and Poorest) Places in the U.S. by Les Christie Thursday, August 30, 2007provided by Maryland knocked New Jersey out of the top spot this year, while Mississippi and West Virginia were the poorest states in the Union. Maryland is now the wealthiest state in the union, as measured by median household income, according to the latest stats from the Census Bureau. The typical Maryland household earned $65,144 in 2006, propelling it past New Jersey, which came in second with earnings of $64,470, but had led the nation in 2005. Connecticut finished in third place both years, recording a median income of $63,422 in 2006. Maryland's income was nearly double that of Mississippi, which, with a median of $34,473, was the nation's poorest state. West Virginia, where the median household earned $35,059, was second poorest and Arkansas, at $36,599, was third. More from CNNMoney.com: • The Subprime Threat, State by State • Flippers Fuel Foreclosures • Housing Troubles Worsen for the Poor The median income for the United States as a whole came to $48,451. Income growth was highest in the District of Columbia, where it rose 6.4 percent for the year. Median income in both Nevada and New Mexico jumped 4.5 percent. Delaware, down 2.9 percent, took the biggest dip, followed by Rhode Island (down 2.0 percent) and Maine (down 1.6 percent). Among places with 250,000 or more residents, the affluent Dallas suburb of Plano, Texas, boasts the highest median income: $77,038. San Jose came in second at $73,804 and San Francisco was third with $65,497. The list of the 10 poorest cities was filled with mostly old, northeastern and mid-western industrial locales. Cleveland had the lowest median income of any city in the nation with more than 250,000 residents; households there earned just $26,535. Miami was the next poorest at $27,088, followed by Buffalo ($27,850), Detroit ($28,364), St. Louis ($30,936) and Cincinnati ($31,103). Other poor sun-belt cities included Memphis ($32, 593) and El Paso (33,103). With median income of $33,229, Philadelphia was the only city among the nation's 10 biggest that was also among the 10 poorest cities. Among towns of between 65,000 and 250,000 in population, Yorba Linda, California, where six-figure incomes are the rule, had the highest median income at $121,075. The Orange County town is considerably wealthier than the second place city, Pleasanton, California, in the Bay area, which had a median income of $105,956. The lowest income town of any with more than 65,000 population was Youngstown, Ohio at $21,850, which finished last by a large margin. Muncie, Indiana was its closest rival for this dubious distinction, with residents there earning $25,859, a difference of 18 percent. Top 10 wealthiest states Here's where the median household income is highest State Income Maryland $65,144 New Jersey $64,470 Connecticut $63,422 Hawaii $61,160 Massachusetts $59,963 New Hampshire $59,683 Alaska $59,393 California $56,645 Virginia $56,277 Minnesota $54,023 Source: U.S. Census Bureau The 10 poorest states The states with the lowest median household income State Income Montana $40,627 Tennessee $40,315 Kentucky $39,372 Louisiana $39,337 Alabama $38,783 Oklahoma $38,770 Arkansas $36,599 West Virginia $35,059 Mississippi $34,473 Source: U.S. Census Bureau Quote Link to comment Share on other sites More sharing options...
wirehairman Posted August 31, 2007 Share Posted August 31, 2007 The 10 poorest states The states with the lowest median household income State Income Montana $40,627 Tennessee $40,315 Kentucky $39,372 Louisiana $39,337 Alabama $38,783 Oklahoma $38,770 Arkansas $36,599 West Virginia $35,059 Mississippi $34,473 Is this some of that new fangled math? Quote Link to comment Share on other sites More sharing options...
rajncajn Posted August 31, 2007 Share Posted August 31, 2007 I'm po Quote Link to comment Share on other sites More sharing options...
Ramhock Posted August 31, 2007 Share Posted August 31, 2007 Delaware, down 2.9 percent, took the biggest dip This is due to MBNA squandering their good thing, not diversifying from solely credit card income and over compensating EVERYONE from top to bottom, as far as industry standards go. Then Bank of America came in and "streamlined" the $hit out of the entire place. MBNA employed 12,000 in DE, now there are 8,500 disgruntled, overworked & less compensated zombies wandering those buildings for BAC. Those are large #s for our Small Wonder. Quote Link to comment Share on other sites More sharing options...
Riffraff Posted August 31, 2007 Share Posted August 31, 2007 The list of the 10 poorest cities was filled with mostly old, northeastern and mid-western industrial locales. Cleveland had the lowest median income of any city in the nation with more than 250,000 residents; households there earned just $26,535. Miami was the next poorest at $27,088, followed by Buffalo ($27,850), Detroit ($28,364), St. Louis ($30,936) and Cincinnati ($31,103). Interesting that some of the NFL towns are some of the lowest in the nation. $200 (or so) for a game experience is about half a weeks pay for some of these fans. Crazy that that is an average household income and not just the lead breadwinner average. Quote Link to comment Share on other sites More sharing options...
Ursa Majoris Posted August 31, 2007 Share Posted August 31, 2007 MBNA employed 12,000 in DE, now there are 8,500 disgruntled, overworked & less compensated zombies wandering those buildings for BAC. Bringing DE into line with the other 49 states. Quote Link to comment Share on other sites More sharing options...
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