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10 Best States for Black Household Wealth

As we all know, African Americans are the predominate force consuming products in the country. The household income growth for us as a community has continually outpaced that of white Americans. Yet, those gains have not translated into narrowing the wide wealth gap between the races.

For instance, in 2011, the U.S. Census Bureau had noted that the median net worth for black households was lower ($6,446) than it was in 1984 ($7,150). The 2013 study has found that high-earning married black households still have less wealth but have found gorgeous places to live in these beautiful United States. With more African Americans doing well through entrepreneurial efforts, hard work, or just sheer determination, an explanation is needed why these income gains haven’t turned into wealth gains for black Americans.

That being said, we decided to take a look at the best places in the country for African Americans with top household incomes. Using data from the 2013 U.S. Census Bureau study, we spotlight states and look past average asset ownership and debt levels

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Colorado

The Centennial State comes in at No. 10 on our list, as the median income is $43,145.

New Jersey

New York’s sister state, the Garden State, comes in at No. 9 with a median income of $44,124.

Massachusetts

Whether you live in Boston or outside the “Hub of the Universe,” residents are No. 8 on this list with a median income of $44,157.

New Mexico

For those who have found successful work in the “Land of Enchantment,” it is interesting to note that you’re living in the eighth best state for African Americans. This state boasts a black household income of $45,829.

New Hampshire

Jobs are in flux for only a small few within the Granite State, as this area clocks in at No. 7, boasting a household median income of $46,818.

Alaska

Smart Americans realize that there are black people all over this great country. With that said, those who live in ‘The Last Frontier,’ bring in some decent paper to the tune of $51,780.

Delaware

One of the original 13 colonies, “The Small Wonder” comes in at No. 4 on our list: Residents bring in $51,995 on average.

Vermont

The Green Mountain State is one of the cleanest places in the country and is the sixth smallest area in the United States. At $53,505, African Americans who live and work in Vermont are able to live comfortably and coolly in the only New England state not bordering the Atlantic Ocean.

Maryland

Known as “Little America,” Maryland’s black populace is forward, progressive, and always ahead of the curve. Coming in at No. 2 on our list, the state boasts a median household income of $57,907 annually.

Hawaii

Topping our list is one of the most beautiful places created by God’s design. Better known as “Paradise,” black residents who live in Hawaii make the most per the U.S. Census Bureau study at a whopping $66,629.

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