Let us look at the below list of Top 10 Richest US States in 2016 and 2017. Money cannot buy peace but still without it; it is hard to look around. One is bound to feel a block without money. A poor man can never think of wearing good health and finally submit to poverty. Now when money is inculcated into the air with and squeezed hard the juice of richness is sprinkled all over. What makes a place rich does not only depend on its monetary pillar, but a place needs to be spiced up with socio-cultural puzzles in order to be called rich. A place where music, literature, art, sports, and religion is practiced by the people of that place are likely to be polished with a vivacious tenacity.
Of such richness, many states of the United States of America can boast of without much hesitation. Though the American states are trying hard to recover from the recession, people are trying hard to put food on the table. Still, we find states which are in the list of the richest cities in the world.
List of Top 10 Richest US States in 2016-2017.
10. WISCONSIN (Living Cost: $2779.50)
Wisconsin is a US state situated in the north-central part of the United States, in the Midwest and Great Lake regions. It is surmounted by Minnesota in the west, and it is the 20th most populous state in the US. The capital of the country is Madison, and its largest city is Milwaukee. The state is divided into 72 counties, and the state’s governor is Scott Walker.
The economic condition of the state is flourishing, and it mainly depends on upon manufacturing, agriculture and health care. In 2010 Wisconsin’s gross state product was $248.3 billion pushing its position as 21st among the American states. Manufacturing consists about 20 % of the state’s domestic product. Wisconsin is a prime producer of consumer commodities.
The state ranks first in regards to paper production nationwide. TomoTherapy, Epic Systems, and G.E. Healthcare play major part in enhancing the state’s health care facilities. Coming to its sports activities, the state takes an active part in football, baseball, and basketball. As a tourist center, it is quite attractive including destinations like House on the Rock near Spring Green and Circus World Museum near Baraboo. Overall, the state is worthy to be called one of the richest states in the US.
9. MASSACHUSSETS (Living Cost: $3451.63)
Commonly known as Massachusetts, the Commonwealth of Massachusetts is one of the well-known states in the US situated in the New England area of the United States, bordered by the Atlantic Ocean to the east. The capital of Massachusetts is the most developed and the most populous city in New England, Boston. The state was converted into a manufacturing center after the Industrial Revolution. Massachusetts made a gross state product of US $446 billion in 2013.
In regards to its education, it has the famous Harvard University in Cambridge and the famous Massachusetts Institute of Technology. Massachusetts is the global leader in biotechnology, engineering, higher education, finance and maritime trade.
8. OHIO (Living Cost: $2861.96)
Ohio is an Eastern state belonging to the Great Lakes region of the United States. Ohio is the 34th largest state in regards to its area and 7th most populous state among the 50 United States. Its largest city is its capital, Columbus. Ohio is one of the richest in the US. It was ranked no. 2 in the country for best business climate by Site Selection magazine. The state’s unemployment rate lowered down to 5.2 % in April 2015 from 10.7% in May 2010. Famous trading companies of the US have their headquarters in Ohio, like Procter and Gamble, AK Steel, Timken and Wendy’s.
7. PENNSYLVANIA (Living Cost: $3540.63)
Pennsylvania is a state situated in the northern and mid-Atlantic region of the United States.It has the famous Appalachian mountain range and its hinterlands include famous states like New York, New Jersey, Ohio and West Virginia. The state consists of some of the richest countries like the Lancaster County (Per capita income: $25,854), Washington County (Per capita income: $26,045) and Pike County (Per capita income: $27, 564).
Pennsylvania made a gross state product of $644 billion in 2013. Cities like Philadelphia, Pittsburgh, and Erie, are some of the richest hubs which Pennsylvania consists. Pittsburgh is home to eight Fortune 500 companies including H.J. Heinz. The state is also agriculturally productive, and it produces mushrooms, apples, and milk in large quantities.
6. MICHIGAN (Living Cost: $3014.35)
It is a state located in the Great Lake region of the United States. The name Michigan is a French form of Ojibwa word ‘mishigamaa’ meaning “Large Water” or “Large Lake.” Lansing is the capital, and the largest city is Detroit. The state has the longest freshwater coastline, thus making it one of the leading US states for recreational boating. It ranked 13th out of the 50 US states in regards to gross state product which was US $417.306 in 2014. The state is the center of American automotive industry.
5. ILLINOIS (Living Cost: $3544.68)
It is the 5th most populous state in the US and is often seen as the microcosm of the entire country. Chicago is its capital, and the Port of Chicago connects the state to other global ports via Saint Lawrence Seaway. The state is rich in small industrial cities. It is rich in natural resources like timber, coal, and petroleum and is a major transportation hub.
4. FLORIDA (NET WORTH $46,442) (Living Cost: $3472.00)
Florida is bordered by the famous Gulf of Mexico to West and by the Atlantic Ocean to the east. Florida is the third most populous state in the US. The most populous and the largest city in Florida is Jacksonville. Miami which is a metropolitan area is famous as the eighth-largest metropolitan area in the United States. The state is famous for tourism, agriculture, and transportation. It is also well known for amusement parks. The state does not impose a personal income tax, and it had a GDP of $748 billion in 2010.
3. TEXAS (Living Cost: $2862.71)
It is the second largest state in the US in regards to its population and area. Houston is the most populous city in Texas. The state is flourishing state in regards to its economy and industry. The state leads in many industries including petrochemicals, energy, computers, biomedical sciences and aerospace. The state has the second-highest gross state product.
2. NEW YORK (Living Cost: $4299.35)
Home to The Statue of Liberty, Empire State Building, Times Square, and other fulgent sites New York is a state concocted with art, culture and a polished society. It is one of the populous states in the US. Its hinterlands are themselves very wealthy states like Pennsylvania and Massachusetts which in turn makes the economic base of New York very strong. New York is famous for its educational surroundings which include some of the famous universities like the Cornell University and Columbia University. Defended by the thick-walled Wall Street New York is noted both as economically powerful and a strong financial center of the world. The stated had a GSP of $1.44 trillion in 2015.
1. CALIFORNIA (Living Cost: $3363.18)
It is the most populous state in the US, and it is the third most extensive by area. The state’s most populous city is Los Angeles after New York City in New York. California contributed to the formation of trends those are accepted globally. It is the birthplace of the film industry, the Internet, and the personal computer. World famous brands like Apple, Chevron, and Mckesson, have their headquarters in the state. The Moss Landing power plant is the state’s largest power producing center. The state has the famous Golden Gate bridge. It is very much advanced in the field of science and technology which obviously earns the state a handsome every year.
Hence, the United States can be regarded as a concoction of money and power. The rich states are both economically stable and culturally enhanced. In these states one can find both money, culture, and a healthy environment.