These 10 States Have the Highest Household Wealth in America
Some states are sitting on serious household wealth. Using official numbers from the U.S. Census Bureau, we’re ranking the top states where household income, assets, and property values stack up higher than the national average. These aren’t all the usual suspects either because a few may surprise you with their soaring net worths and smart investments. Let’s read more about them below.
Hawaii
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Hawaii isn’t just a paradise for surfers but a top contender in household wealth. With a median net worth topping $500K and sky-high home equity at over $531K, property values do a lot of the heavy lifting. Retirement savings and deposit balances are strong, too.
Washington
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Washington mixes tech-driven paychecks with serious real estate gains, which helps it land near the top of the household wealth charts. Median net worth sits close to $400K, with retirement savings averaging a solid $116,974. Home equity plays a big role here—rising property values across Seattle and beyond have boosted household assets in a big way.
Massachusetts
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Massachusetts has high-paying industries and strong retirement planning. Households have a median net worth of $327,953, backed by impressive retirement savings of over $152K. While deposit balances are modest, home equity makes up the difference. And with values topping $345K, property remains a major driver of Bay State’s wealth.
Maine
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Maine flies under the radar but quietly ranks high in household wealth. A median net worth of $326,570 shows that smaller towns like this one can pack financial strength. Deposit accounts and home equity are lower than coastal giants, but the retirement savings stay solid. It’s a steady, savings-minded state with long-term wealth built into the lifestyle.
Utah
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Utah proves that smart investing and real estate appreciation go a long way. It has a median net worth sitting at $324,975, and the state’s strong home equity—over $309K—carries much of the weight. Retirement savings and deposit balances are lower, but family-focused budgeting and booming housing markets make Utah a quiet contender in wealth accumulation.
Maryland
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Maryland combines high incomes with solid retirement planning to build serious household wealth. Its median net worth of $323,912 is supported by strong retirement savings and respectable home equity nearing $234K. The deposit balances run on the leaner side, but the state’s proximity to D.C. and strong job market help households build long-term financial security with ease.
Colorado
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Colorado’s wealth isn’t all mountain views and fresh air—households are thriving financially too. The state has a median net worth of $301,687, home equity of over $340K, and even real estate is clearly paying off. Retirement savings hold strong, while deposit accounts stay modest. The Centennial State proves high altitude comes with high household value.
California
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California might have high living costs, but it also features serious household wealth. Its median net worth of $295,838 gets a big boost from jaw-dropping home equity—$531,700 on average. Retirement savings and deposits trail behind other states, but with booming property values, residents are sitting on golden assets that continue to grow.
New Jersey
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New Jersey households are stacking wealth in all the right places, with a median net worth of $284,672. The state benefits from strong retirement savings and hefty home equity at over $319K. Deposit account balances are surprisingly healthy, too.
Montana
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Montana brings a surprising amount of strength to the wealth game. A median net worth of $273,187 reflects strong home equity—just over $303K—fueled by rising property values and low living costs. Retirement savings are solid, and while deposit balances stay modest, households here build wealth steadily through land, lifestyle, and a smart, long-haul financial approach.
Oregon
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Oregon’s households are quietly stacking wealth with a median net worth of $256,279. Families lean on solid retirement savings and smart money habits. Deposit account balances are lower, but rising home values and a strong savings culture help Oregon stay comfortably on the high-wealth leaderboard.
Minnesota
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Minnesota combines Midwestern practicality with solid financial planning. Households have a median net worth of $233,948, thanks in part to strong retirement savings topping $102,000. Deposit balances hover around $16,800 and reflect a steady savings culture. It’s not flashy wealth—but it’s dependable, well-earned, and built on smart financial habits that really last.
Idaho
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Household wealth at Idaho quietly adds up. With a median net worth of $221,187, families lean heavily on home equity and long-term value rather than high deposits. Retirement savings are modest, but the state’s affordable cost of living helps residents stretch every dollar while building steady financial momentum.
Iowa
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Iowa matches quiet living with quietly strong finances. The median net worth of $221,187 reflects solid retirement savings and practical spending habits. Deposit account balances stay conservative, but that’s part of the state’s financially stable charm.
Arizona
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Arizona households post a median net worth of $216,296, with retirement funds averaging just over $101K. Deposit balances stay lean, but many Arizonans prioritize long-term planning over flashy spending. Between growing home equity and a favorable cost of living, wealth in the desert keeps stacking quietly and consistently.