A WalletHub study of the states with the highest incomes found that billionaire magnets like New York, California, and Florida were all bested by Virginia.
By
Jordan Pandy
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The median income in the US is about $83,000, but some states clear that number by a lot.
It takes less income to be in the top 1% this year than last, reflecting broader economic cooling and easing inflation.
Nationally, a household earning about $210,000 or holding $1.8 million in net worth ranks among the wealthiest 10%.
Florida gained $21B in wealth from interstate moves (more than the next five states combined)... California (-$12B) and New York…
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Though the median household income went up by just 1% nationwide in 2024, incomes grew much faster in some major cities.
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