The median annual income for households in the United States as of 2024 was around $83,700, according to data from the U.S. Census Bureau. While this is a notable increase from the median of $79,500 in 2022, household expenses have ticked up alongside income, leaving many without much to show for the increase.
Homeowners' insurance costs have become an increasing financial burden for households over the last several years. In a recent survey from Pew Research, 42% of homeowners said their home insurance premiums have gone up "a lot" over the last few years, with another 29% reporting they had increased "a little."
People with higher incomes were more likely to say their homeowners' premiums increased "a lot" (47% of those surveyed), while a smaller number of lower-income people (34%) reported significant premium increases.
Of course, both homeowners' insurance rates and household income vary greatly across the U.S., and WalletHub recently analyzed income data from all 50 states and Washington, D.C. to determine where people earn the most money.
The states where WalletHub determined households have the lowest median annual income were:
- Mississippi: $50,090
- Arkansas: $54,730
- West Virginia: $56,610
- Kentucky: $58,875
- Louisiana: $59,048
In the slideshow above, we'll look at which states' households bring home the highest income in 2026, according to WalletHub.
(Photo credit: pathdoc/Shutterstock.com)
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