[Vision2020] The Richest County in Each State

[Kenneth Marcy]

The Richest County in Each State

http://247wallst.com/special-report/2015/01/29/the-richest-county-in-each-state/ 


In his recent State of the Union address, president Barack Obama asked, 
“will we accept an economy where only a few of us do spectacularly well? 
Or will we commit ourselves to an economy that generates rising incomes 
and chances for everyone who makes the effort?”

Wealth in the United States is not equally distributed — not across 
states, and not within states. Based on data from the Census Bureau’s 
American Community Survey, 24/7 Wall St. reviewed the richest county in 
each state.

Residents in the richest county in each state tended to earn more than 
most Americans. While the income gap between the richest and poorest 
counties was modest in some states, the gap was quite large in a 
majority of states.

*12. Blaine County, Idaho*
*> County median household income:* $64,042
*> State median household income:* $46,767
*> Pct. households in county making $200,000 or more:* 5.5%
*> 2013 county unemployment rate*: 5.6%

Residents in the vast majority of the wealthiest counties were far more 
likely to have health insurance than most Americans. However, more than 
18% of Blaine County residents did not have health insurance over the 
five years through 2013, one of the worst rates nationwide. County 
residents were still far better off than others in the state, as well as 
most Americans, however. Only 8.3% lived in poverty over that period, 
for example, much less than the comparable national figure of 15.4%.


*47. King County, Washington*
*> County median household income:* $71,811
*> State median household income:* $59,478
*> Pct. households in county making $200,000 or more:* 9.1%
*> 2013 county unemployment rate:* 5.2%

Relatively high incomes usually provide people with the means to 
purchase homes and make other large investments. Yet, less than 60% of 
King County housing units were owned by their occupants. Only a handful 
of states’ wealthiest counties had home ownership rates lower than the 
comparable national rate of 64.9%. Many county residents are likely 
employed or living in Seattle, which makes up a large portion of the 
county. Higher paying jobs were also likely available in the city.



Ken


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