Utah is 13th ‘Richest’ State in the Union

According to a new analysis, Utah is the 13th “richest” state in the union.

24/7 Wall Street looked at data on income, unemployment rates, health insurance coverage and poverty to come up with their rankings.

Why did Utah come in at #13?

> Median household income: $57,049
> Population: 2,855,287 (17th lowest)
> Unemployment rate: 5.7% (tied-10th lowest)
> Pct. below poverty line: 12.8% (15th lowest)

Utah had the 10th-lowest poverty rate in the country in 2012. The gap between the rich and poor was also among the smallest in the country. In the Salt Lake City area, more children have upward economic mobility than in any other large urban area. Utah’s has one of the healthiest labor markets in the country, with the the state’s unemployment rate falling from 14th lowest in the U.S. in 2011 to 10th lowest in 2012.

Maryland came in at #1 as the only state with a median household income over $70,000. New Jersey, Alaska, Connecticut and Hawaii rounded out the top-five.

Kentucky, Alabama, West Virginia, Arkansas and Mississippi came in as the “poorest” states according to the analysis.