$118,200: that was the median net worth of American households in 2019, according to the Census Bureau's 2020 Survey of Income and Program Participation. Net worth is calculated by subtracting a household's debts from its assets. The remainder is net worth—or wealth.
Housing equity accounts for most household wealth. In 2019, American homeowners had a median of $130,000 in home equity (housing value minus housing debt). Excluding home equity, the median household net worth of Americans is just $41,200.
Net worth varies greatly by state. Here are the states with the highest median net worth...
The five states with the highest median household net worth, 2019
1. Hawaii: $373,200
2. Massachusetts: $251,000
3. New Hampshire: $243,600
4. North Dakota: $241,000
5. Minnesota: $228,500
The median net worth of households in another three states—Colorado, South Dakota, and California—also exceeds $200,000.
Here are the states with the lowest median net worth...
The five states with the lowest median household net worth, 2019
46. Tennessee: $70,100
47. West Virginia: $65,290
48. New Mexico: $56,450
49. Arkansas: $49,990
50. Mississippi: $40,280
Another 13 states have a median household net worth of less than $100,000, including Florida and Texas. The net worth of households in the District of Columbia is just $24,000.
Source: Census Bureau, State-Level Wealth, Asset Ownership, & Debt of Households Detailed Tables: 2019
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