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Just went down a rabbit hole looking at which states are actually the wealthiest in America, and the rankings are pretty interesting. Turns out it's not always what you'd expect.
So economists measure this stuff using gross state product and median income combined with poverty rates. California takes the top spot with a massive $3.6 trillion GSP, followed by New York at $2.53 trillion and Texas at $2.4 trillion. Makes sense given their populations and economies.
But here's what caught me - some smaller states punch way above their weight. Maryland has the highest median income at over $91k, while New Hampshire sits at $83k. Meanwhile, some of the richest states by GDP still have pretty significant poverty rates. New York's at 13.5% despite all that economic output.
The data shows the richest state rankings really depend on what metric you're looking at. Alaska has solid median income ($80k+) but much smaller overall economy. Delaware and Rhode Island are interesting cases - solid performers but flying under the radar compared to the big three.
What's wild is that the wealthiest states in the USA aren't always the ones with the best quality of life when you factor in cost of living. Hawaii ranks high but with a smaller GSP, probably because living costs there are insane. Worth keeping in mind if you're thinking about relocating for wealth or opportunity.