CFED Scorecard

Financial Assets & Income

Outcome Measures

Income Poverty Rate

Asset Poverty Rate

Asset Poverty by Race

Asset Poverty by Gender

Asset Poverty by Family Structure

Liquid Asset Poverty Rate

Liquid Asset Poverty by Race

Liquid Asset Poverty by Gender

Liquid Asset Poverty by Family Structure

Extreme Asset Poverty Rate

Net Worth

Net Worth by Race

Net Worth by Income

Net Worth by Gender

Net Worth by Family Structure

Unbanked Households

Underbanked Households

Consumers with Subprime Credit

Borrowers 90+ Days Overdue

Average Credit Card Debt

Bankruptcy Rate

Policy Priorities

Tax Credits for Working Families

State IDA Program Support

Lifting Asset Limits in Public Benefit Programs

Protections from Predatory Short-Term Loans

Additional Policies

Income Tax Threshold

Tax Burden by Income

Prize-Linked Savings

Paperless Payday

Trend Indicators

Change in Net Worth

Change in Asset Poverty

Change in Liquid Asset Poverty

Businesses & Jobs

Housing & Homeownership

Health Care


CFED Assets & Opportunity Scorecard

Income Poverty Rate


Percentage of households with income below the federal poverty threshold, 2010.


Income poverty is a fundamental indicator of financial insecurity and instability. Official poverty estimates are calculated each year by the Census Bureau using a set of income thresholds that vary by family size and composition. If an individual’s or a family’s total income is less than the family’s threshold, they are considered poor.

For years, poverty experts and researchers have contended that the official poverty measure is misleading and does not reflect the full amount of income that a family needs to live. The official measure was developed about a half-century ago and is based on the assumption that families spend one third of their after-tax income on food. Two of the most common criticisms of the official poverty measure are that: 1) It doesn’t account for government benefits, like food stamps and the Earned Income Tax Credit; and 2) It doesn’t account for differences in cost of living (e.g. it costs much more to live in Manhattan than it does to live in rural Mississippi).

 In 2011, the Census Bureau released a supplemental poverty measure to address many of these criticisms. Click here to read more about the supplemental measure and how it differs from the official measure.

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Income Poverty Rate

StateIncome Poverty Rate (%)Rank
United States  14.0%   
Alabama  18.1%  50 
Alaska  8.5% 
Arizona  14.7%  34 
Arkansas  17.6%  46 
California  13.8%  28 
Colorado  12.5%  17 
Connecticut  10.0% 
Delaware  11.0% 
District of Columbia  15.5%  38 
Florida  14.9%  35 
Georgia  16.0%  42 
Hawaii  11.1%  10 
Idaho  14.9%  36 
Illinois  12.7%  19 
Indiana  13.8%  27 
Iowa  11.9%  11 
Kansas  13.1%  23 
Kentucky  18.1%  49 
Louisiana  17.7%  47 
Maine  12.9%  21 
Maryland  9.1% 
Massachusetts  12.0%  13 
Michigan  15.0%  37 
Minnesota  11.0% 
Mississippi  20.8%  51 
Missouri  14.6%  33 
Montana  13.1%  25 
Nebraska  12.3%  16 
Nevada  13.1%  24 
New Hampshire  8.4% 
New Jersey  9.9% 
New Mexico  17.8%  48 
New York  14.1%  30 
North Carolina  16.0%  41 
North Dakota  13.0%  22 
Ohio  14.6%  32 
Oklahoma  15.6%  39 
Oregon  14.4%  31 
Pennsylvania  12.7%  20 
Rhode Island  14.0%  29 
South Carolina  16.8%  44 
South Dakota  13.2%  26 
Tennessee  16.4%  43 
Texas  15.7%  40 
Utah  12.3%  15 
Vermont  12.6%  18 
Virginia  10.5% 
Washington  11.9%  12 
West Virginia  17.4%  45 
Wisconsin  12.1%  14 
Wyoming  10.8% 


2010 American Community Survey. Washington, DC: U.S. Department of Commerce, Census Bureau, 2010.

Note: The Census Bureau recommends using the ACS for single-year estimates of income and poverty at the state level.

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