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Empire State Today

Thursday, October 31, 2024

New York ranked 12th highest in the U.S. for average income in 2021

Webp luisjcano

Luis J. Cano Chief Information Officer, U.S. Census Bureau | census.gov

Luis J. Cano Chief Information Officer, U.S. Census Bureau | census.gov

New York ranked 12th highest among U.S. states for average annual earnings per resident, according to data obtained from the U.S. Census Bureau.

With a median income of $37,469 per year after inflation adjustments, New York has a total of 7,530,150 households within its resident population of 20,114,745.

Ranking first place nationwide was Maryland, where residents earn an inflation-adjusted median income of $43,983 annually. This is $6,514 more than what the average New York resident earns. Maryland was home to 2,294,270 households and had a total population of 6,148,545.

At the opposite end of the scale, Mississippi ranked lowest in the U.S. for its inflation-adjusted median income at $26,510 per year - $10,959 less than that of New York. Mississippi was comprised of 1,108,670 households and had a total population of 2,967,023.

New York Median Income Over 5 Years

0$6,000$12,000$18,000$24,000$30,000$36,0002021202020192018201737469$37,46935379$35,37933562$33,56232062$32,06231057$31,057

U.S. States Ranked by Annual Earnings Per Resident in 2021:

RankStateEarnings Per Resident
1Maryland$43,983
2Massachusetts$42,076
3New Jersey$41,837
4Connecticut$40,682
5Washington$40,404
6Colorado$40,259
7Minnesota$39,756
8New Hampshire$39,627
9Virginia$39,236
10Hawaii$38,869
11North Dakota$37,861
12New York$37,469
13Alaska$37,368
14Delaware$36,872
15Illinois$36,729
16California$36,281
17Wisconsin$36,247
18Rhode Island$35,705
19Nebraska$35,128
20Vermont$34,798
21Iowa$34,784
22Wyoming$34,678
23Oregon$34,478
24Pennsylvania$34,229
25Kansas$34,153
26Utah$34,103
27South Dakota$33,961
28Nevada$33,832
29Arizona$33,786
30Texas$33,644
31Ohio$32,980
32Maine$32,861
33Indiana$32,716
34Georgia$32,657
35Michigan$32,451
36Missouri$32,362
37North Carolina$31,840
38Montana$31,459
39Florida$31,169
40Tennessee$30,955
41Oklahoma$30,736
42South Carolina$30,649
43Idaho$30,621
44Kentucky$29,523
45Alabama$28,741
46Louisiana$28,462
47New Mexico$28,284
48Arkansas$27,980
49West Virginia$27,302
50Mississippi$26,510

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