CFED Scorecard

CFED Assets & Opportunity Scorecard

Financial Assets & Income
Net Worth
Definition

Median net worth of households, 2011.

Description

Median net worth is the value of assets held by households minus its liabilities at the middle of the wealth distribution. Net worth represents the amount of financial cushion a household has to respond to unexpected events, such as a job loss or unforeseen medical expense, as well as take advantage of opportunities, like buying a home, starting a business or going to college. This measure is often used as a basic indicator of wealth and financial well-being for a family or individual.

To see the data disaggregated by race and ethnicity, where available, click on the Data by Race tab below. In the past, the Scorecard looked at state-level data comparing net worth by income, gender and family structure. Unfortunately, the availability of these state-level data is too inconsistent to warrant continued inclusion in the Scorecard. These data are still available, by request, for some states, and at the national level.

The median net worth of United States households is $70,359
No rankings for this measure

Net Worth, 2011

StateMedian Net Worth ($)
United States $70,359
Alabama $52,293 *
Alaska
Arizona
Arkansas
California $54,483
Colorado $78,398
Connecticut $98,946 *
Delaware $139,522
District of Columbia
Florida $53,986
Georgia $46,349
Hawaii $115,676 *
Idaho
Illinois $80,832
Indiana $67,986
Iowa $102,666
Kansas $99,788
Kentucky $57,839
Louisiana $57,273
Maine
Maryland $120,455
Massachusetts $124,994
Michigan $73,057
Minnesota $124,535
Mississippi $35,302 *
Missouri $69,710 *
Montana
Nebraska $101,112
Nevada $8,328 *
New Hampshire $135,359
New Jersey $116,582
New Mexico $70,000 *
New York $57,353 *
North Carolina $71,135
North Dakota
Ohio $71,167
Oklahoma $53,881
Oregon $81,935 *
Pennsylvania $95,000
Rhode Island
South Carolina $85,268
South Dakota
Tennessee $66,092
Texas $53,452
Utah $101,113
Vermont
Virginia $153,554
Washington $85,571
West Virginia $107,113
Wisconsin $96,839
Wyoming

Notes on the Data

* Indicates that the margin of error is greater than 25% of the estimate, and as such, this estimate is too imprecise to rank. Caution should be used when using this data.

Median Net Worth, by Race and Ethnicity

Median Net Worth (in 2011 dollars) ($)
StateWhite HHsHHs of ColorBlack HHsAsian HHsHispanic HHs
United States $110,637 $12,377 $7,113 $95,061 $8,985
Alabama $79,058
Alaska
Arizona $111,500 $7,613 $4,549
Arkansas
California $148,498 $25,100 $96,268 $8,813
Colorado $127,113
Connecticut $171,196
Delaware $153,225
District of Columbia
Florida $100,370 $6,337
Georgia $85,499 $7,113
Hawaii
Idaho
Illinois $123,000
Indiana $81,805
Iowa $109,774
Kansas $136,017
Kentucky $66,217
Louisiana $84,589
Maine
Maryland $220,628
Massachusetts $180,300
Michigan $96,151
Minnesota $148,458
Mississippi $66,063
Missouri $97,726
Montana
Nebraska $108,746
Nevada $42,751
New Hampshire $142,088
New Jersey $201,227
New Mexico $162,103
New York $125,613
North Carolina $115,594
North Dakota
Ohio $94,313
Oklahoma $62,533
Oregon $107,743
Pennsylvania $116,761
Rhode Island
South Carolina $133,683 $14,413
South Dakota
Tennessee $89,105
Texas $91,299 $27,703
Utah $120,552
Vermont
Virginia $207,597 $17,800
Washington $110,300 $11,726
West Virginia $111,828
Wisconsin $127,626
Wyoming

Estimates for White households are generated for the White, non-Hispanic population. Likewise, estimates for Hispanic households include all households of Hispanic or Latino origin, regardless of race.

Change in Net Worth

Median Net Worth (adjusted to 2011) ($)
State200220042006200920102011
United States $64,737 $89,554 $99,084 $74,023 $71,124 $70,359
Alabama $47,696 $41,567 $60,306 $51,374 $67,736 $52,293 *
Alaska $128,161
Arizona $48,639 $57,753 $86,799 $40,490 * $53,031 *
Arkansas $54,349 $63,231 $71,525 $59,058 *
California $101,336 $100,505 $194,101 $59,863 $56,150 $54,483
Colorado $105,070 $104,921 $97,494 $78,182 $85,800 $78,398
Connecticut $151,949 $139,143 $164,315 $131,533 * $117,141 * $98,946 *
Delaware $105,748 $125,625 $156,247 $171,058 * $121,650 $139,522
District of Columbia $13,754 $32,747 $174,702 $21,809 $41,469
Florida $69,645 $74,328 $131,346 $75,412 $51,320 $53,986
Georgia $54,380 $45,369 $74,422 $50,773 * $46,420 $46,349
Hawaii $108,562 $42,154 $232,097 $206,935 * $170,874 * $115,676 *
Idaho $75,251 $81,059 $74,344 $61,500 *
Illinois $92,804 $86,329 $105,327 $92,288 $78,053 $80,832
Indiana $81,192 $82,692 $81,147 $54,312 $67,929 $67,986
Iowa $114,465 $115,666 $111,047 $93,478 $93,600 $102,666
Kansas $66,894 $72,858 $70,465 $96,617 $98,424 * $99,788
Kentucky $65,018 $52,372 $64,194 $65,111 $56,900 * $57,839
Louisiana $57,464 $45,607 $50,957 $58,310 $63,005 $57,273
Maine $83,570 1 $96,418 1 $80,752 $82,340 * $70,012
Maryland $108,085 $124,913 $182,750 $189,670 $170,828 $120,455
Massachusetts $175,769 $191,121 $175,354 $150,589 $148,153 $124,994
Michigan $107,718 $108,957 $111,030 $75,203 $74,293 $73,057
Minnesota $131,412 $149,505 $170,165 $144,455 $132,571 $124,535
Mississippi $33,134 $26,787 $56,642 $35,012 * $35,302 *
Missouri $60,876 $69,304 $79,877 $81,193 $79,049 $69,710 *
Montana $53,900 $62,927 $60,411 $64,626
Nebraska $77,323 $82,021 $100,195 $93,373 * $101,112
Nevada $56,955 $80,080 $96,504 $6,606 $8,328 *
New Hampshire $138,153 $80,616 $211,128 $139,104 * $126,700 $135,359
New Jersey $138,597 $151,855 $210,523 $133,996 $137,511 $116,582
New Mexico $31,049 $153,343 $56,904 $48,508 * $44,528 $70,000 *
New York $63,633 $18,761 $49,097 $50,327 $59,474 $57,353 *
North Carolina $76,517 $46,483 $62,386 $65,509 $63,794 $71,135
North Dakota $57,173 2 $81,207 2 $65,871 $70,537 * $77,904
Ohio $96,715 $81,874 $79,321 $63,919 $64,991 $71,167
Oklahoma $49,264 $64,215 $57,449 $45,426 $52,448 $53,881
Oregon $75,011 $65,016 $97,122 $79,895 * $92,376 $81,935 *
Pennsylvania $97,938 $93,020 $105,998 $104,849 $95,936 $95,000
Rhode Island $74,459 $94,682 $146,469 $178,081 $127,940
South Carolina $62,363 $56,627 $68,651 $62,832 $72,664 $85,268
South Dakota $57,173 2 $54,181 2 $72,846 $123,725 *
Tennessee $61,505 $42,799 $66,254 $62,993 $68,366 * $66,092
Texas $43,137 $81,331 $50,694 $47,025 $46,020 $53,452
Utah $78,547 $96,343 $58,175 $102,542 $106,544 * $101,113
Vermont $83,570 1 $97,765 1 $231,507 * $143,033
Virginia $81,461 $67,918 $182,487 $133,227 $139,514 $153,554
Washington $110,844 $82,251 $136,576 $107,825 $93,567 * $85,571
West Virginia $56,266 $77,580 $108,076 $111,667 $114,667 $107,113
Wisconsin $96,152 $94,946 $107,481 $103,853 $96,447 $96,839
Wyoming $57,173 2 $94,681 2 $65,078 $112,950

Definition

Median net worth of households, 2011.

Net worth equals the sum of assets attributable to any individual age 15 years and older in a household less any liabilities. Assets included in this measure are interest-earning assets, stocks and mutual fund shares, real estate equity (own home, rental property, vacation homes and land holdings), business equity, and motor vehicles. Liabilities include debts secured by any asset, credit card or store bills, bank loans and other unsecured debts.

Data are point estimates produced from a national survey with relatively small samples for some states, which can result in imprecise estimates and ranks. States are not ranked on this measure because estimates are too imprecise to say with confidence how the state compares to other states. For more information on how we measured precision and to download margin of error data for each state, see here.

Source

Survey of Income and Program Participation, 2008 Panel, Wave 10. Washington, DC: U.S. Department of Commerce, Census Bureau, 2013. Data calculated by Haveman Economic Consulting.

"—" indicates that no data is available, or data is suppressed due to a margin of error that is greater than 50% of the estimate.

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