The 10 Poorest States in America

NEW YORK (TheStreet) -- For many people, the American dream is realized when they land that perfect, well-paying job. Financial freedom is something we all strive to achieve, and a lot of people fantasize about joining the ranks of the richest people in the country. 

In the U.S., there are certain places where the American dream can be more easily realized, as those locations rank as the richest states in America.

A number of factors can impact what makes one state richer than another, including strong college graduation rates, a healthy tourism economy, highly skilled workers, and an increase in the availability of employment opportunities. 

Henry David Thoreau once said "Wealth is the ability to fully experience life," and in order to experience life, we first need to earn the money to afford it. After all, nothing in life worth having ever comes cheaply.

Below is a list of the 10 richest states in the U.S., followed by the 10 poorest, based on each state's median household income data as of November 2014, which was compiled by Bloomberg

 

10. Alaska

Median Household Income: $62,100   

Unemployment Rate: 6.8%


9. Hawaii

Median Household Income: $62,400 

Unemployment Rate: 4.1%


8. New Jersey 

Median Household Income: $62,800 

Unemployment Rate: 6.6% 


7. Massachusetts

Median Household Income: $64,000 

Unemployment Rate: 6% 


6. Utah 

Median Household Income: $64,000 

Unemployment Rate: 3.6%


5. Colorado 

Median Household Income: $64,400 

Unemployment Rate: 4.3%


4. Maryland

Median Household Income: $66,300

Unemployment Rate: 6%


3. Virginia 

Median Household Income: $68,700 

Unemployment Rate: 5.3%


2. Connecticut

Median Household Income: $68,900  

Unemployment Rate: 6.4%


The Richest State in America:

1. New Hampshire

Median Household Income: $72,500 

Unemployment Rate: 4.2%

And now for the poorest states...


10. South Carolina 

Median Household Income: $44,500 

Unemployment Rate: 6.7%


9. Tennessee

Median Household Income: $43,200 

Unemployment Rate: 7.1%


8. Kentucky

Median Household Income: $42,800 

Unemployment Rate: 6.2%


7. New Mexico

Median Household Income: $42,800 

Unemployment Rate: 6.5%


6. Alabama

Median Household Income: $42,000 

Unemployment Rate: 6.3%


5. North Carolina 

Median Household Income: $41,900 

Unemployment Rate: 6.3%


4. Mississippi

Median Household Income: $41,500 

Unemployment Rate: 7.6%


3. West Virginia 

Median Household Income: $40,900 

Unemployment Rate: 6.5%


2. Arkansas

Median Household Income: $40,600 

Unemployment Rate: 6%


1. Louisiana 

Median Household Income: $40,300 

Unemployment Rate: 6.2%

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