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Old 03-13-2015, 11:06 PM
 
723 posts, read 801,305 times
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2013 article
None of the states following states Texas, New York, Illinois, California and Florida were among the top ten richest states in the nation!
The 10 richest states in America


2014 article
Only California made it to the top ten list, ranking number 10 out of 10 !
America’s Richest (and Poorest) States - 24/7 Wall St.


More data (about all 50 states)
http://en.wikipedia.org/wiki/List_of...ates_by_income

Last edited by ThePage; 03-13-2015 at 11:41 PM..
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Old 03-13-2015, 11:55 PM
 
Location: San Antonio, TX
1,361 posts, read 2,256,172 times
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Texas and California are border states so no matter how many million/billionaires they have they will always be skewed by illegal immigrants living below poverty levels. Texas is just fine thank you. We will see how the oil issue goes but at the point these articles were written things were great. I've even heard CA was on the upswing. Good gracious a hard core Texan just defended CA, either the sky is falling or I'm dad gum frustrated today with the whole "poverty stricken" issue for states stuck with the influx from across the border.
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Old 03-14-2015, 05:50 AM
 
91,974 posts, read 122,078,964 times
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Quote:
Originally Posted by Bobcat4 View Post
Texas and California are border states so no matter how many million/billionaires they have they will always be skewed by illegal immigrants living below poverty levels. Texas is just fine thank you. We will see how the oil issue goes but at the point these articles were written things were great. I've even heard CA was on the upswing. Good gracious a hard core Texan just defended CA, either the sky is falling or I'm dad gum frustrated today with the whole "poverty stricken" issue for states stuck with the influx from across the border.
NY gets a lot of immigrants as well and the range in overall COL may be a factor in these highly populated states.
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Old 03-14-2015, 06:28 AM
 
26,804 posts, read 43,277,024 times
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The list provided isn't that surprising. Florida and Texas are both overall lower wage states with a somewhat low cost of living and high immigration levels. California outside of the major metro areas isn't a particularly high wage state (outside of high tech) with a good number of new immigrants as well. New York and Illinois have similarities in that both have a major city that dominates the state economically (NYC and Chicago) while the rest is largely rural and/or working class smaller cities/towns. To suggest any of these states are "struggling" is a bit much in my opinion.
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Old 03-14-2015, 07:52 AM
 
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Virginia would be higher on the list if they accounted for just Northern Virginia.
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Old 03-14-2015, 01:35 PM
 
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You're absolutely right. While poor immigrants are part of the reason California and New York rank so high, the cost of living is another reason. Having more wealthy people live in a state makes the middle class and poor poorer, because it raises prices on things.
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Old 03-14-2015, 02:28 PM
 
91,974 posts, read 122,078,964 times
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Originally Posted by valsteele View Post
You're absolutely right. While poor immigrants are part of the reason California and New York rank so high, the cost of living is another reason. Having more wealthy people live in a state makes the middle class and poor poorer, because it raises prices on things.
Am I reading this correctly? Do you mean to say that those states rank high due to wealthy people in those states? You do realize that COL varies quite a bit in both states, right?
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Old 03-14-2015, 03:26 PM
 
Location: Minneapolis, Minnesota
1,912 posts, read 2,058,242 times
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For those who hate those scrolling web lists:

1. Maryland - Median household income: $71,122
2. New Jersey - Median household income: $69,667
3. Alaska - Median household income: $67,712
4. Connecticut - Median household income: $67,276
5. Hawaii - Median household income: $66,259
6. Massachusetts - Median household income: $65,339
7. New Hampshire - Median household income: $63,280
8. Virginia - Median household income: $61,741
9. Minnesota - Median household income: $58,906
10. Delaware - Median household income: $58,415
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Old 03-14-2015, 08:36 PM
 
10,275 posts, read 10,237,717 times
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Most "New Yorkers" living in the suburbs (meaning residents of the NYC metro) don't live in NY State; they live in NJ and CT. So the list makes sense to me, as CT and NJ are ranked near the top. NY State wouldn't be similarly ranked, obviously, because it's an enormous state that gets tons of immigrants. Those types of states will never be at the top in terms of median household income.

And, again, NYC's suburbs are primarily not in NY State. And we all know suburbs, moreso than urban areas or rural areas, drive median household income.
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Old 03-14-2015, 09:01 PM
 
Location: Planet Earth
1,293 posts, read 1,208,760 times
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Quote:
Originally Posted by NOLA101 View Post
Most "New Yorkers" living in the suburbs (meaning residents of the NYC metro) don't live in NY State; they live in NJ and CT. So the list makes sense to me, as CT and NJ are ranked near the top. NY State wouldn't be similarly ranked, obviously, because it's an enormous state that gets tons of immigrants. Those types of states will never be at the top in terms of median household income.

And, again, NYC's suburbs are primarily not in NY State. And we all know suburbs, moreso than urban areas or rural areas, drive median household income.

This is ridiculous. NYC in and of itself is in NYS. NYS has suburbs that belong to its own State. Westchester County, Rockland County, Long Island, Sullivan County, so many more. The suburbs most closest to NYC are Westchester County, Rockland County, Long Island and some towns and municipalities belonging to New Jersey and Connecticut.
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