Median household incomes are higher in these US states


For the first time in four years, median household income has increased, reaching $80,610 in 2023 compared to $77,540 in 2022.

A report published earlier this month from the US Census Bureau tracked household incomes across the country for 2023 and compared the numbers to incomes tracked for 2022. Census data found that incomes rose significantly in 2023 for the first time since 2019.

From 2022 to 2023, the number of people in the labor force has also increased, with 2.2 million employed.

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Income gains were not evenly distributed, with 11 states seeing average income declines. Maryland had the biggest drop, from $112,500 to $102,000. North Dakota, Louisiana, New Jersey and Minnesota also recorded average income declines of more than 4%.

South Dakota was the standout state that showed the biggest gains (median household income increased 17% or more than $11,000 to $81,740) from 2022 to 2023.

Other states also saw tremendous revenue growth. Here are the top five states with the biggest income gains from 2022 to 2023, according to Census data.

1. South Dakota

2023 earnings: $81,740

2022 earnings: $69,850

Percentage increase: 17%

2. Vermont

2023 earnings: $85,190

2022 earnings: $75,060

Percentage increase: 13.5%

3. Arkansas

2023 earnings: $63,250

2022 earnings: $56,120

Percentage increase: 12.7%

4. New Hampshire

2023 earnings: $98,780

2022 earnings: $88,350

Percentage increase: 11.8%

5. Kansas

2023 earnings: $84,830

2022 earnings: $75,950

Percentage increase: 11.7%

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