Want to know where the typical American family truly thrives financially? With the spotlight often on multimillionaire and billionaire havens, the states where regular folks amass the most wealth tend to be overlooked. A study by finance site SmartAsset has shone a light on these unsung locales, ranking each state by median household net worth.

Read on for the top 18 states with the richest households and discover the idyllic state where the median household wealth soars past half a million dollars...

To determine median household wealth across the nation, personal finance site SmartAsset analyzed US Census Bureau data for 43 states and adjusted the numbers to December 2025 dollars. This comprehensive calculation of typical net worth takes into account home equity, retirement savings, deposit accounts and other assets, minus any debts.

For most states covered, SmartAsset also breaks down the percentage of households worth over $100,000 and includes additional wealth bracket info for the top 10. Let's take a closer look at the top 18...

Virginia ranks 18th for median household income and its poverty rate is below the national figure of 12.5%.

The state is around the nationwide average for income equality and it's important to point out that much of Virginia's wealth is concentrated in areas close to Washington DC. Median household net worth for the state as a whole is decent nonetheless, as are typical household retirement savings and deposit account balances, which come in at $85,200 and $14,100 respectively.

Living costs are far from cheap in Oregon, but they're nicely offset by the state's generous wages. Oregonians have more opportunities to save than many Americans, though with home prices on the high side, the bulk of household net worth tends to comprise real estate equity.

Retirement savings make up $92,400 of the total, which is just above the national median, while the figure for the median deposit account balance is $9,700. Meanwhile, almost 63% of the state's households boast a net worth of more than $100,000.

A much richer state overall, affluent Connecticut has significantly higher levels of income inequality, ranking third worst in the country by this metric. But the bar is set high in the state and the median household is worth a tidy $253,100.

Plus, the proportion of Connecticut households worth $100,000 or more comfortably exceeds the national figure of 60%. Median retirement savings are a healthy $118,400, while the median deposit account balance is also respectable at $15,000.

Florida is in the top 10 states when it comes to income inequality, but its poverty rate falls just below the national average.

Breaking down the numbers, the median household in Florida has $78,000 in retirement savings, well below the national median of $87,000. The median deposit account balance stands at $10,550, which suggests that much of household wealth is tied up in real estate.The share of households worth over $100,000 is marginally above the national figure of 60%.

While Montana's overall household net worth figure is slightly higher than Florida's, its retirement savings and deposit account figures come in slightly lower, at $76,000 and $10,100 respectively.

Meanwhile, an impressive 39.3% of Montana households are worth $500,000 or more, but the percentage of households worth $100,000 or more is below the national median.

Minnesota has a larger proportion of households worth $100,000 or more: 68.8% compared to Montana's 58.2%.

Median retirement savings in the North Star State are much healthier at $111,000 and the median deposit account balance is $15,000.

California is notoriously pricey, with the Golden State having some of the highest living costs in the country. But wages are generally high, though the disparity between the lowest and highest earners is wide.

Property also comes at a premium, with the bulk of household net worth in California tied up in home equity. The state's median household home equity figure is a staggering $550,000, underscoring the outsized role property plays in wealth.

Utah scores better than any other state for income equality and has the second-lowest poverty rate at 9%. Opportunity is obviously not just for the privileged in the Beehive State.

Much of the median net worth figure comprises home equity, which stands at $300,000. Typical retirement savings per household are $62,800, while the average deposit account balance totals $13,900.

An impressive 77.7% of Nebraskan households are worth $100,000 or more, the second-highest figure in the top 18. Meanwhile, 32.7% of households have a net worth of $500,000 or more.

SmartAsset doesn't provide retirement savings figures in this instance, but the median deposit account balance is a respectable $17,000. 

Maine has the highest homeownership rate in the top 18 at 73.3%. A whopping 80% of households in the state have home equity, with wealth held in residential real estate making up the majority of the total median household net worth figure.

New Jersey's population is among the best educated in America. And its median household net worth figure is much higher than the national average too, highlighting the correlation between educational attainment and wealth accumulation.

Over 40% of households are worth more than $500,000, while the median retirement savings and deposit account balances are some of the most significant in the round-up at $134,000 and $18,100 respectively.

The median household wealth number is almost identical in Idaho, but the share taken up by real estate equity is slightly bigger.

Idaho's typical deposit account balance is the most modest in this round-up at $8,826. Still, the Gem State is ranked a stellar second nationally for income equality.

Maryland is a wealthy state, largely thanks to its proximity to the nation's capital. It has the second-highest proportion of millionaire households in the country, not to mention the third-largest median household income.

Almost 70% of households are worth $100,000 or more, with 41.7% registering a net worth of $500,000+.

Coloradans are among the smartest and richest Americans, with educational attainment and median household wealth notably high in the state. Colorado's median income significantly outpaces living costs, making it easier to save.

The state's median retirement savings figure is a healthy $100,000, and over 67% of households are worth $100,000 or more too.

Massachusetts has the highest median household income in the top 18. And no wonder, given it's also the state with the largest proportion of college graduates. The state is one of the most expensive to live in, but the generous pay balances this out and then some, though the gap between rich and poor is considerable.

The state's median household retirement savings figure is the standout. At $150,000, it's the highest nationally,

The typical household in New Hampshire has a net worth of $412,600 after accounting for liabilities such as outstanding home and other loans. 

Household wealth is relatively evenly distributed in the Granite State. The state scores well on income equality and has the lowest poverty rate in the country at just 7.2%. Relatively few New Hampshirites live paycheck to paycheck despite the high cost of living, while the state's median deposit account balance is a healthy $22,000.

Washington is another state where stiff living costs are offset by lucrative pay packages. Once again, home equity constitutes the biggest part of the median household income.

Deposit account savings are solid, with the typical household having $16,500 set aside for emergencies. Retirement balances are enviable, with the median household figure of $143,400 placing Washington third nationally by this metric.

Hawaiians may bemoan the Aloha State's punishing living costs, which are the steepest nationally, but households are the richest in the US by a wide margin. Much of the figure is made up of real estate equity, which makes sense as Hawaii has the highest median single-family home price in the nation at just over $1,000,000.

Regardless, median household retirement savings equate to $149,000, while the typical deposit account balance is $37,050. This is the highest in the country. Unsurprisingly, Hawaii has the biggest percentage of households worth $100,000 or more at 78.9%. It also has the largest proportion worth more than $500,000, with over 60% demi-millionaires or richer.

Now discover the states with the most billionaires, ranked