1. Mississippi
2. Louisiana
3. West Virginia
4. Alabama
5. Kentucky
6. New Mexico
7. Arkansas
8. South Carolina
9. Tennessee
10. Oklahoma
According to the US Census Bureau’s most recent official estimates for 2019, the 10 poorest states in the US are, in order from the lowest to highest poverty rate:
1. Mississippi – 18.2%
2. Louisiana – 17.8%
3. West Virginia – 17.1%
4. Alabama – 16.5%
5. Kentucky – 16.3%
6. New Mexico – 16.3%
7. Arkansas – 16.2%
8. South Carolina – 15.7%
9. Tennessee – 15.4%
10. Oklahoma – 15.4%
The poverty rate for Mississippi and Louisiana is especially concerning, considering Mississippi has the highest poverty rate and Louisiana has the second highest poverty rate in the nation. The poverty rate for all 50 states in 2018 ranged from 11.8 percent in New Hampshire to 19.0 percent in Mississippi.
The nationwide poverty rate during this same period was 13.1 percent.
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What state has most poverty?
According to U.S. Census Bureau data from 2019, Mississippi has the highest poverty rate at 19.6%, making it the state with the most poverty in the United States. In fact, 10 of the states with the highest poverty rates in the country are located in the South.
Additional states with high poverty rates include Louisiana (18.1%), New Mexico (17.7%), West Virginia (17.2%), Alabama (16.9%), Arkansas (16%), Kentucky (15.7%), South Carolina (15.2%) Georgia (14.8%), and Oklahoma (14.6%).
Factors such as low median household income, lack of access to education, and lack of economic opportunities contribute to poverty rates in these states.
What is the state to live in if you are poor?
The best state to live in if you are poor depends on your goals and lifestyle. Different states have different economic opportunities, laws and regulations, and cost of living factors that could affect your overall quality of life.
For example, if you are looking for work, Mississippi has the lowest unemployment rate in the nation at 4.5%. If you are planning to start a business, states like Alabama, Louisiana, and Tennessee offer great incentives for entrepreneurs and business owners.
On the other hand, if you’re looking for an affordable place to live, states like Arkansas, Oklahoma, and West Virginia tend to have some of the lowest costs of living in the country. All three states also offer generous financial assistance programs that could help you make ends meet.
In addition to cost of living, it’s important to consider other factors like cultural diversity, educational opportunities, healthcare access, and local transportation when deciding where to live if you’re poor.
It’s a good idea to research different states and find out what types of resources are available to you before making a decision.
Which city is the poorest in America?
It is difficult to definitively say which city is the poorest in America, as poverty levels depend on a variety of factors. According to the U.S. Census in 2019, the poorest metro area in the country is the McAllen-Edinburg-Mission area in southern Texas, where the poverty rate was 38.5%, nearly double the national average.
Other cities with exceptionally high poverty levels include Detroit, Michigan; Cleveland, Ohio; and El Paso, Texas. In each of these places, more than 25% of the population lives below the federal poverty line.
Other cities such as Fresno and Bakersfield in California, Miami, Florida, and Birmingham and Montgomery, Alabama also have above-average rates of poverty.
In addition to poverty rates, there are other important economic indicators to consider. For instance, many of the poorest cities in the U.S. also have low median incomes, high unemployment rates, and high rates of underemployment, all of which can contribute to poverty.
The problems of poverty in any city are complex, and require comprehensive efforts to address them and help people out of poverty.
Which state is richest in USA?
According to recent data from the US Bureau of Economic Analysis, the state with the highest GDP per capita (on a purchasing power parity basis) is Wyoming, which has a GDP per capita of $96,734 in 2020.
Wyoming’s abundance of natural resources, mainly from oil and gas production and tourism, has fueled the state’s economy and ranked it first in terms of personal income and economic activity. Other states in the top five in terms of GDP per capita include Alaska ($73,000), Connecticut ($63,570), Massachusetts ($58,635), and North Dakota ($58,377).
Many of these states rely heavily on their natural resource and/or tourism economies. Interestingly, while no state in the US is considered to be the “richest” in absolute terms due to the large variance in population and geography, many of the states with the highest GDP per capita are located in the “rust belt” of the Midwest, including Iowa, Michigan, and Nebraska.
In terms of total wealth, states such as California and New York often lead the way due to their sheer size, population, and broad economic base.
What US state has the lowest economy?
The US state with the lowest economy is Mississippi, according to the Bureau of Economic Analysis (BEA). Mississippi had a real gross domestic product (GDP) of $116.5 billion in 2019, which was the lowest figure of any US state.
Mississippi also had the lowest per capita personal income of all US states in 2019, at $34,820. The state’s economy is heavily reliant on the service sector, with government services, retail, and healthcare providing the largest number of jobs.
Agriculture also accounts for a notable portion of the state’s economic output. Mississippi also faces economic challenges such as low education levels, an aging workforce, and low levels of investment.
These issues, combined with the effects of the COVID-19 pandemic, have had a disproportionate impact on the state’s economy when compared to other US states.
How many states have no billionaires?
Currently, 8 U.S. states have no billionaires: Alaska, Arkansas, Delaware, Maine, Mississippi, New Hampshire, North Dakota, and Vermont. This has been the case for several years now, with the last individual to leave the ranks of billionaires for any of the above states being David Duffield in 2018, with the software magnate ceding his status as the sole Alaskan billionaire.
However, it should be noted that many other states have relatively few billionaires compared to more populous states like California and New York. For example, Wyoming is estimated to have between 0 and 4 billionaires, while states like Rhode Island and Montana only have between 2 and 4 billionaires.
The lack of billionaires in some states may be attributed to the fact that many of them are located in rural or sparsely-populated areas of the country. Additionally, there may be fewer opportunities for individuals to amass wealth in some of these states than in states with larger populations and more diverse economic landscapes.
Overall, while 8 states currently do not have a single billionaire, the total number of billionaires in a state is not necessarily a reliable measure of its overall economic success or average wealth.
Which country is no 1 rich country?
According to data from the World Bank, the country which is considered to be the wealthiest in the world is Qatar. With a Gross Domestic Product (GDP) per capita of around $124,927 in 2019, Qatar tops the list of the world’s richest countries.
The vast majority of Qatar’s income comes from its large oil and natural gas reserves, which have helped propel its economy to the top. Along with economic growth, the country’s impressive infrastructure, high taxation rate, and public healthcare system have also helped it become the number one wealthy country in the world.
Which state is the strongest financially?
This can be difficult to answer definitively as different states’ financial strength can be evaluated in a variety of ways. Generally speaking, some of the states that tend to be ranked in the top 10 for financial strength include California, Texas, Washington, New York, Massachusetts, Virginia, Illinois, Colorado, New Hampshire and Minnesota, in no particular order.
California, for instance, may be considered one of the strongest financially due to its high GDP, large population, strong tax base and abundance of natural resources. Texas boasts a healthy savings rate, low level of unemployment, and an expansive gross state product.
Similarly, Washington, New York and Massachusetts all have high GDPs and healthy job markets, while Virginia and Illinois benefit from high tax revenues and a diversified economic base. Colorado, New Hampshire and Minnesota all have high median household incomes and low debt-to-GDP ratios, which indicate strong financial health.
Ultimately, it can be difficult to definitively determine which state is the strongest financially. Different metrics will yield different results and the rankings can change year to year. However, states like California, Texas, Washington, New York, Massachusetts, Virginia, Illinois, Colorado, New Hampshire and Minnesota tend to rank highly in terms of financial strength.
Who is the poorest city?
As a city’s level of poverty is determined in relation to other cities, and can shift as economic, political, and social conditions change. Poverty levels vary drastically across different countries and regions, and are based on various factors, including access to resources and services, overall employment levels, and the concentration of opportunities for economic success.
The World Bank and the African Development Bank have developed a method for measuring poverty and have created a global ranking of cities based on their associated levels of poverty. According to the World Bank’s ranking, Kinshasa in the Democratic Republic of the Congo is the poorest city in the world, followed closely by Conakry, Guinea.
The poverty levels in these two cities are estimated to be pushing 80 percent.
When measuring poverty on a broader regional or global scale, the cities of Dhaka, Bangladesh and Lagos, Nigeria are often labeled as two of the poorest cities. According to a recent survey by the World Bank, Dhaka and Lagos top the poverty list, with poverty levels estimated to be approximately 65 percent and 57 percent, respectively.
Despite recent economic growth in these cities, poverty remains a persistent problem.
Other cities that are typically listed as some of the poorest in the world include Kabul in Afghanistan, Haiti’s capital, Port-au-Prince, and the Bangladeshi capital, Dhaka. Each of these cities have experienced deep economic hardship and have extensive populations living in extreme poverty.
The level of poverty often varies depending on the time-period and the measured parameters for poverty.
What state brings in the most money?
The answer to what state brings in the most money varies depending on a variety of factors such as GDP, income levels, and industry. Generally speaking, the states with the highest GDPs tend to bring in the most money, as they have more active economic activity to generate income.
According to the U.S. Bureau of Economic Analysis, California had the highest GDP in 2017 of any state in the nation, estimated at $2.7 trillion. Florida, Texas, and New York followed, with GDPs of $1.1 trillion, $1.6 trillion, and $1.5 trillion respectively.
In terms of income, California was again the highest in 2017, with average income per capita at $60,238. Again, Florida, Texas, and New York followed, with average incomes of $45,940, $55,645, and $63,719 respectively.
It’s also worth noting that certain industries have a greater impact in certain states. For example, while California boasts the highest GDP and income, the energy sector is the single largest contributor to Texas’ economy, while tourism is essential to the economy of Florida.
As such, the economic impact of different industries should be taken into account when looking at which states bring in the most money.
What is the top 10 US household income?
The top 10 US Household incomes in 2020, based on US census data, are as follows:
1. $520,000 – Connecticut
2. $500,000 – Massachusetts
3. $478,500 – Maryland
4. $470,700 – New Jersey
5. $459,100 – Alaska
6. $436,200 – Hawaii
7. $422,700 – New Hampshire
8. $417,400 – Virginia
9. $413,200 – California
10. $407,300 – Delaware
Overall, the US median household income in 2019 was approximately $63,179, up $2,921 (4.8%) since 2018. However, the actual income varies significantly across states and other factors, such as age and educational attainment.
Geographically, households in the Northeast and Mid-Atlantic areas tend to have higher incomes than those in other parts of the country. States with low housing costs, such as the Great Plains and mountain states, the Midwest, and the South tend to have lower household income levels, as well.
