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Author Topic: NH #11 state for richest residents  (Read 5233 times)

antistate1190

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NH #11 state for richest residents
« on: December 27, 2010, 09:48:54 pm »

http://financiallyfit.yahoo.com/finance/article-111636-7790-4-where-the-200k-crowd-lives-?ywaad=ad0035&nc

Quote
Where the Richest Americans Live

Taxes have been one of the most hotly debated topics in Washington and cuts for the wealthiest Americans are one of the most controversial subjects surrounding the issue.

But how many rich people are there in the U.S., how much do they make and where do they live? And just what income do you qualify to be rich?

According the data from the Census Bureau, there are currently 4.5 million households that earn over $200,000 per year, the highest wealth division compiled in Census reports, which is approximately 3.8% of all households in the country. The average income of those making over $250,000 is $425,226 and there were 2.37 million households in this range as of 2009, although this data is not broken down by state.

With Census Bureau data from their National Data Book 2010 Statistical Abstract, we've outlined the states that have the highest proportion of households with annual incomes in excess of $200,000. Among the states with the lowest proportion of $200,000+ households are West Virginia (1.4%), South Dakota (1.81%) and Arkansas (1.86%).

So, what are the states with the most high-income households? Click ahead to find out!

[snip]

 

11. New Hampshire

% of Households Earning $200K+: 4.2%

Total Households: 501,505

Households Earning $200K+: 20,899

Median Income: $66,654

 

NH ranks above Washington state, Colorado, Texas and Minnesota and right below Illinois, Hawaii, NY, Virginia, California, (M)ass, MD, NJ, CT and DC.
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John Edward Mercier

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Re: NH #11 state for richest residents
« Reply #1 on: December 27, 2010, 11:22:49 pm »

Because our mean household income was so high.
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antistate1190

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Re: NH #11 state for richest residents
« Reply #2 on: December 28, 2010, 02:17:10 am »

Because our mean household income was so high.

Because you don't have income tax?
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freedomroad

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Re: NH #11 state for richest residents
« Reply #3 on: December 28, 2010, 06:34:14 am »

Of those 15 states, according to that data, NH has a higher Median Income than the other states.  The last data I looked at showed that some of those states had a higher Median Income than NH.  That may be good news :)
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John Edward Mercier

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Re: NH #11 state for richest residents
« Reply #4 on: December 28, 2010, 06:44:14 am »

Because our mean household income was so high.

Because you don't have income tax?
Some of the others on the list have income taxes. Economic opportunity has the most to do with it.
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Pat McCotter

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Re: NH #11 state for richest residents
« Reply #5 on: December 28, 2010, 08:02:02 am »

And here is the composite cost of living index for those 15 states. (NH is #11 on both.)
DC2
CT7
NJ5
MD9
MA12
CA4
VA30
NY6
HI1
IL33
NH11
CO19
WA15
TX47
MN18
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Toowm

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Re: NH #11 state for richest residents
« Reply #6 on: December 28, 2010, 01:10:51 pm »

Of those 15 states, according to that data, NH has a higher Median Income than the other states.  The last data I looked at showed that some of those states had a higher Median Income than NH.  That may be good news :)
Exactly right.
The ranking was based on % of households > $200,000.
But NH had the highest median, suggesting a flatter structure in a less regulated state. Another example is that Washington D.C. is #1 on the list of >$200K, but like NY and IL, has a low median.
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slothman

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Re: NH #11 state for richest residents
« Reply #7 on: December 28, 2010, 02:12:46 pm »

What is the distribution of salaries in the various states; not just the averages and medians?
The Gini curve.
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antistate1190

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Re: NH #11 state for richest residents
« Reply #8 on: December 28, 2010, 09:31:51 pm »

And here is the composite cost of living index for those 15 states. (NH is #11 on both.)
DC2
CT7
NJ5
MD9
MA12
CA4
VA30
NY6
HI1
IL33
NH11
CO19
WA15
TX47
MN18

http://en.wikipedia.org/wiki/Household_income_in_the_United_States#Income_by_state
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