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

Education

CFED Assets & Opportunity Scorecard

Net Worth

Definition

Median net worth of households, 2009.

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.

Description

Net worth is a basic indicator of wealth. Median net worth is the value of assets held by households at the middle of the wealth distribution of a state. We present median data rather than the mean (average) because means are very sensitive to outlying values. For example, a small number of households with very large net worth will skew the average upward.

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Net Worth

StateMedian Net Worth ($)
United States  $70,600 
Alabama  $48,998 
Alaska  — 
Arizona  $38,618 *
Arkansas  — 
California  $57,095 
Colorado  $74,567 
Connecticut  $125,450 *
Delaware  $163,148 *
District of Columbia  $20,800 
Florida  $71,925 
Georgia  $48,425 *
Hawaii  $197,366 *
Idaho  — 
Illinois  $88,020 
Indiana  $51,800 
Iowa  $89,155 
Kansas  $92,149 
Kentucky  $62,100 
Louisiana  $55,614 
Maine  $78,532 *
Maryland  $180,899 
Massachusetts  $143,625 
Michigan  $71,725 
Minnesota  $137,775 
Mississippi  — 
Missouri  $77,438 
Montana  — 
Nebraska  — 
Nevada  — 
New Hampshire  $132,671 *
New Jersey  $127,800 
New Mexico  $46,265 *
New York  $48,000 
North Carolina  $62,480 
North Dakota  $67,275 *
Ohio  $60,963 
Oklahoma  $43,325 
Oregon  $76,200 *
Pennsylvania  $100,000 
Rhode Island  $169,846 
South Carolina  $59,926 
South Dakota  — 
Tennessee  $60,080 
Texas  $44,850 
Utah  $97,800 
Vermont  $220,801 *
Virginia  $127,066 
Washington  $102,839 
West Virginia  $106,503 
Wisconsin  $99,050 
Wyoming  — 

Source

Survey of Income and Program Participation, 2008 Panel, Wave 4. Washington, DC: U.S. Department of Commerce, Census Bureau, 2009. Data calculated by the Bay Area Council Economic Institute.

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

Footnotes

* 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.

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