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52 mins ago
on
June 25, 2024 Graphics/Design:
See this visualization first on the Voronoi app.
Median Income by State in 2024, Adjusted for Cost of Living
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To gain insight into the U.S. economy, we’ve visualized the median income by state, as of May 2024. These figures come from WalletHub, which sourced income data from the U.S. Census Bureau and adjusted it for cost of living according to the Cost of Living Index (COLI).
ℹ️ Median income refers to the income level at the midpoint of the income distribution within each state. Using California as an example, half of the state’s households earn more than $124,000, while the other half earn less (after cost of living adjustments). Data and Key Takeaways
All of the numbers we used to create this graphic are listed in the table below.
RankStateMedian Annual Income
(adjusted for cost of living) 1DC$162,265 2Hawaii$141,832 3Massachusetts$127,760 4Maryland$124,693 5California$123,988 6New Jersey$117,847 7Connecticut$114,156 8Alaska$113,934 9New Hampshire$110,205 10Rhode Island$104,252 11Washington$103,748 12Colorado$97,301 13New York$91,366 14Oregon$91,100 15Utah$89,786 16Vermont$89,695 17Virginia$89,393 18Delaware$87,173 19Minnesota$86,364 20Nevada$80,366 21North Dakota$79,874 22Maine$79,800 23Illinois$78,304 24Wyoming$76,307 25Pennsylvania$74,711 26Arizona$74,375 27Wisconsin$72,602 28Nebraska$72,384 29Texas$70,513 30Idaho$70,041 31South Dakota$69,266 32Iowa$68,974 33Montana$68,937 34Florida$68,818 35Kansas$68,489 36Georgia$66,612 37Indiana$64,170 38North Carolina$63,025 39South Carolina$62,909 40Michigan$62,446 41Ohio$61,904 42Missouri$59,715 43Tennessee$59,077 44New Mexico$58,911 45Oklahoma$57,215 46Louisiana$56,282 47Kentucky$55,629 48Alabama$55,480 49West Virginia$52,719 50Arkansas$51,032 51Mississippi$46,880
The Cost of Living Index, published by the Council for Community and Economic Research (C2ER), was established in 1968, and allows for consistent place-to-place cost comparisons.
The index considers six categories of spending: groceries, housing, utilities,