Why Is Maryland The Richest State?
8. New Hampshire – Liberty Mutual, Dartmouth College, Fidelity Investments, Southern New Hampshire University, Elliot Hospital and others are the largest private sector employers in New Hampshire. More than 86% of the total workforce in New Hampshire is employed in the private sector. Industry and tourism are other major employment sector and the state has a median household income of $77,933.
Contents
- 0.1 Why is Maryland such a rich state?
- 0.2 Who is the richest state in the United States?
- 0.3 What is the richest state on earth?
- 0.4 Is Maryland for rich people?
- 0.5 What U.S. city is the richest?
- 1 Where do millionaires live in Maryland?
- 2 Where do rich people live in Maryland?
- 3 Which country is No 1 rich country?
- 4 Where do millionaires live in Maryland?
Why is Maryland such a rich state?
The northeastern corner of the poorest state in America borders, and is partially surrounded by, the northwestern corner of the richest state. The wealth accrues to Maryland, due in part to its proximity to Washington D.C. and its concentration of high-earning institutions. A 24/7 Wall St. study of the nation’s richest and poorest states, however, identifies its opposite number, America’s poorest state, as its next-door neighbor, West Virginia. (The boundary between the two was a matter of dispute until a U.S. Supreme Court decision of 1910 fixed the line.) Unexpected retirement?: What to do if you’re forced to retire early because of health, job loss or family issues Car innovation: To meet hot Ford Expedition demand, automaker rethinks assembly line West Virginia’s median household income for 2017 was $43,648 — just over half of Maryland’s $80,776. In comparison, the equivalent figure for the country as a whole was $61.372. Five of the nation’s 31 poorest metropolitan areas are wholly or partially in West Virginia. What keeps the Mountain State in poverty? The coal mining industry’s decline is a major cause. While there has been an uptick in production since 2016, a study by West Virginia University’s Bureau of Business and Economic Research predicts that production will soon level off, and drop precipitously over the next two decades. Other factors: The state’s workers are the least educated in the nation, with not quite 12 percent of residents over 25 holding a bachelor’s degree. In addition, many eligible workers don’t join the workforce, at least partially because they have health issues. These are the 25 worst counties to live: Did yours make the list? Where credit card debt is the worst: States with the highest average balance in the US According to the Centers for Disease Control and Prevention’s study of adult obesity rates, West Virginia’s is the highest in the country at 37.7 percent. And drug use is rampant. The National Institute on Drug Abuse identifies the state as having the highest incidence of opioid-related overdose deaths in the country. It isn’t surprising that a 2017 report by CNBC identified West Virginia as “America’s worst state for business,” and “in an economic death spiral.” 24/7 Wall Street is a USA TODAY content partner offering financial news and commentary. Its content is produced independently of USA TODAY.
Who is the richest state in the United States?
Maryland –
The GDP per capita of Maryland is$71,500 The port of Baltimore handles a wide range of raw materials and other bulk goods, making Maryland, with a median household income of $84,000, one of the richest states in the nation. The Old Line State may have the lowest median property value in the nation compared to many other states, but Maryland has the highest median household income, making it the richest state in the union for 2022.
Many of the state’s people work in Washington, D.C., which contributes significantly to its prosperity. The National Security Agency, other federal organizations including the National Institutes of Health, and the biggest hotel chain in the world are all located in Maryland. The majority of people are employed in the service sector, but Maryland also has a significant manufacturing sector that produces food, chemicals, electronics, metals, and other goods.
Crabs, along with perch, flounder, and shellfish like oysters, are among the state of Maryland’s most distinctive exports, Maryland had the highest median household income in the nation, as well as the most millionaires per capita, in 2013, according to data from the U.S.
- Another surprising placeholder? New Hampshire.
- Many people might assume the state, which is one of the least populous states in the country and is known for having the shortest ocean coastline of any U.S.
- Coastal state, would be far from the top of the list.
- However, it’s within the top 10.
- Eep reading to learn more about the country’s richest states, courtesy of data compiled by the U.S.
- Median Household Income: $80,440 The Golden State boasts the largest economy in the U.S., with a gross state product of about $3 trillion.
- And with roughly 40 million residents, it’s also the most populous state in the country.
- The largest economic sectors in California are agriculture, media, tourism, and technology.
- Additionally Connecticut boasts the third highest ratio of millionaire households per capita, according to Statista,
- The largest employer in the New England state is Glencore, according to Zippia.
- Median Household Income: $78,687 With major companies like Amazon calling the Evergreen State home, incomes have risen, and so has the cost of living.
- The cost of living is low relative to the other top 10 richest states; Zillow estimates the median home value to be $405,600,
- Median Household Income: $77,127 While Colorado attracts many people with its great outdoors, Centennial State residents are willing to drop a pretty penny on their homes.
- According to Zillow, the median home value is teetering around $545,794,
- The Grand Duchy of Luxembourg weathered the pandemic much better than its European neighbours.
- In 2014 “the country topped the $100,000 mark in per capita GDP,” Global Finance notes.
- Luxembourg uses a large share of its wealth to deliver better housing, healthcare and education to its people, who by far enjoy the highest standard of living in the Eurozone.” Luxembourg is a small, landlocked country located in western Europe and bordered by Belgium, France, and Germany.
- Around 345,600 millionaires reside in the Big Apple, alongside 15,470 multi-millionaires who have assets worth over $10 million, 737 centi-millionaires (wealth of $100 million or more) and 59 billionaires, the report said.
- The financial center of the U.S.
- Is recognized as the wealthiest city in the world by several measures.
- Remarkably, that’s more than the total private wealth held in most major G-20 countries.
- Japan’s capital Tokyo ranked second with 304,900 wealthy individuals.
- Compared to New York, a much smaller proportion of them have assets worth over $10 million.
- The report found that 7,350 people in Tokyo are multi-millionaires, 263 have above $100 million and 12 are billionaires.
- Census Bureau’s 2019 American Community Survey five-year estimates.
- Montgomery County’s Brookmont community was listed as “the richest” area in the state of Maryland.
- Brookmont is a census-designated place and an unincorporated area in Montgomery County.
- It is often considered part of neighboring Bethesda because it falls within Bethesda’s 20816 zip code.
- In Maryland, Potomac is home to more billionaires who control more wealth than any other city.
- A total of two billionaires live in Potomac with a combined net worth of $9 billion.
- Of Potomac residents with a minimum 10-figure net worth, Mitchell Rales is the wealthiest, worth an estimated $1.4 billion.
- Data on residency and net worth came from the list, which is updated every five minutes to reflect changes in stock prices and private company valuations.
- In cases where the number of billionaires in two cities within the same state was a tie, the city with the highest total billionaire net worth was given preference.
- The first non-African country on the list is Afghanistan, ranked 15th.
- The World Bank is able to rank the poorest countries in the world using GDP per capita based on purchasing power parity (PPP).
- The actual purchasing power of any currency is the quantity of that currency needed to buy a specified unit of a good or a basket of common goods and services.
- Population: 625,978
- GDP per capita (PPP): $140,694
- The advanced infrastructure and high values for the labor market attract investment and duplicates of the big outside firms.
- Having depended on the steel and iron industry for a long time until it stopped bringing profit in the 1970s, the nation adapted superbly.
- Today, as one of the most educated labor forces in the world, Luxembourg prospers from a mix of industries, predominantly and an import-export economy based on financial services.
- In recent years Luxembourg has come under fire for its role as a global tax haven, with critics suggesting the country has offered unfair tax deals to large, multinational companies,
- In the 20th century Luxembourg became a founding member of several international economic organizations, including the European Economic Community, an iteration of which was eventually absorbed into the European Union.
- It is a major center for large private banking, and its finance sector is the biggest contributor to its economy.
- The country’s main trading partners are Germany, France and Belgium.
- French, German and Luxembourgish – a Franconian language similar to German and Dutch – are the official languages in Luxembourg, though the country also has a large Portuguese-speaking population.
- Census Bureau’s 2019 American Community Survey five-year estimates.
- Montgomery County’s Brookmont community was listed as “the richest” area in the state of Maryland.
- Brookmont is a census-designated place and an unincorporated area in Montgomery County.
- It is often considered part of neighboring Bethesda because it falls within Bethesda’s 20816 zip code.
Is Maryland a rich place?
Maryland may have a relatively low median home value compared to many other places in the United States, but the Old Line State has the highest median household income in the country, making it the richest state in America for 2022. Its wealth is largely due to its proximity to Washington, D.C., where many of the state’s residents work.
That said, Maryland is home to the National Security Agency and other government agencies, like the National Institutes of Health, as well as the world’s largest hotel company: Marriott International. It’s also home to two of the richest cities in the U.S. this year. As if the number-one placeholder isn’t enough of a surprise, some of the other states that made the list will likely shock you.
While you might have thought New York would have, at the very least, been within the top five, it didn’t even make the list—but Virginia did. Of course, if you’ve brushed up on the richest cities in America and the richest towns in the U.S., then you’re aware that, while seemingly humble and Southern, Virginia is home to a handful of the richest places in the country, not to mention the number-one high school in the nation (Thomas Jefferson High School for Science and Technology).
Census Bureau as part of its 2019 five-year American Community Survey, Median Household Income: $86,738 As of 2020 Maryland boasted the second highest number of millionaires per capita, according to Statista, With a population of just more than six million, the mid-Atlantic state is the 18th most populous state.
Marriott International, based in Bethesda, is the largest employer in the state, according to Zippia. Zillow estimates the median home value in Maryland to be $384,928, Median Household Income: $85,843 With nearly seven million people, Massachusetts boasts the highest number of residents per capita with bachelor’s degrees, according to the U.S.
Census Bureau, In addition to education, financial services, health care, and technology are the Bay State’s top industries. Zillow estimates the median home value in Massachusetts to be $550,099, Median Household Income: $85,751 The 11th most populous state, with a population of around nine million, is home to many leading firms in the biotech sector like Merck and Johnson & Johnson,
Its proximity to New York City means plenty of Garden State millionaires commute to financial jobs in the Big Apple. Despite being one of the top three richest states, New Jersey’s median home value is notably lower than other less wealthy states on this list, ringing in at $435,668, according to Zillow.
Median Household Income: $83,102 Hawaii may be best known for its beaches and laid-back surfer mentality, but living in the Aloha State costs a pretty penny. The median home value in Hawaii is a whopping $828,002, according to Zillow. Tourism and defense are the major industries in the island state.
It costs a lot to live in the state with the fifth longest ocean coastline (behind Alaska, Florida, Louisiana, and Maine): Zillow estimates the median home value to be $745,200, Median Household Income: $78,833 The Constitution State is home to one of the 20 richest towns in America (Darien) as well as one of the top 25 richest cities (Westport is ranked number five).
Washington is home to one of the most expensive houses in the world, and Zillow estimates the median home value there to be $582,732, up 36 percent from 2018. Median Household Income: $77,933 The Granite State’s 1.4 million people don’t pay state income or capital gains taxes.
Although Colorado’s median household income is low compared to many of the other states on this list, the state is home to Douglas County, one of the country’s richest counties, with a median household income of $122,867—just more than 59 percent higher than the state’s median.
What is the richest state on earth?
The “pandemic effect” – In any case, for 2022 all indices had to be adjusted due to the effects of the global Covid-19 pandemic that forced many businesses to close or reduce their activities and exponentially expanded the possibilities of remote working, among other changes.
With a population of 642,371, Luxembourg is the only Grand Duchy in the world. Its GDP per capita of $140,694 makes it the world’s richest. The unemployment rate is just over 5%, and the average life expectancy is 82 years. Healthcare, education and public transportation are free for all citizens.
Luxembourg, GDP: $140,694 Singapore: $131,580 Ireland: $124,596 Qatar: $112,789 Macao, SAR (Special Administrative Region): $85,611 Switzerland: $84,658 United Arab Emirates: $78,255 Norway: $77,808 United States: $76,027 Brunei Darussalam: $74,953 Hong Kong, SAR: $70,448 San Marino: $70,139 Denmark: $69,273 Taiwan: $68,730 Netherlands: $68,572 Austria: $64,571 Iceland: $64,621 Andorra: $63,600 Germany: $63,271 Sweden: $62,926
Luxembourg getty Whether these list weather the current global turmoil unaffected remains to be seen. The most recent World Economic Outlook Update from July 2022 by the International Monetary Fund offers a “Gloomy and More Uncertain” view of the world’s economic situation: “A tentative recovery in 2021 has been followed by increasingly gloomy developments in 2022 as risks began to materialize.
Is Maryland for rich people?
When it comes to making and holding onto money, Maryland residents have it covered. As one of the richest states in the US, Maryland has some of the highest incomes and the lowest poverty and unemployment rates around. Obviously, not everyone is filthy rich, but there’s a good number of Marylanders who are.
What U.S. city is the richest?
The total private wealth held by New York residents was found to exceed $3 trillion. Alexander Spatari via Getty Images New York City is home to more rich people than any other city in the world, according to a new report by investment migration consultancy Henley & Partners.
The report finds that around 4% of New York’s 8.38 million citizens own investable assets – property, cash or stocks – worth over $1 million. The number drops significantly to 15,470 when assessing those who have more than $10 million in assets. The total private wealth held by New York residents was found to exceed $3 trillion.
The San Francisco Bay Area – which includes Silicon Valley – rounds out the top three wealthiest cities, with 276,400 rich individuals, 12,890 of whom are multi-millionaires. The report said 623 have assets worth at least $100 million and 62 billionaires live in the city.
What are the 10 poorest states in America?
According to the U.S. Census Bureau, the national poverty rate was 11.2% in 2021, the same rate as in 2020. These states and territories have the highest percentages of poverty in the country: Mississippi, Louisiana, New Mexico, Arkansas, West Virginia, Alabama, Kentucky, the District of Columbia, South Carolina, and Oklahoma.
Where do millionaires live in Maryland?
MoCo’s Brookmont Named “Richest City in Maryland” in List Created by Forbes and MoneyWise MoneyWise conducted research based on a list created by Forbes that put together a combined list of the “richest and poorest cities in each state.” The list made by Forbes uses data from the U.S.
Previously, in the 1980 and 1990 census, Brookmont was joined with Cabin John as “Cabin John-Brookmont”, but the census area disbanded to form Cabin John and Brookmont as separate areas in 2000. Forbes magazine analyzed each area in terms of its median household income and mean household income.
Median household income: $239,943 The Brookmont community is made up of around 200 homes in a variety of styles, from Cape Cod to Craftsman, reported The Washington Post in 2019.It’s situated near the Potomac River and the C&O Canal, a big draw for outdoor enthusiasts like competitive kayakers and canoeists.
Six properties sold in Brookmont in 2018 for an average close to $1.3 million — the lowest-priced was a four-bedroom and four-bathroom home for $950,000. The full list, from
Where do rich people live in Maryland?
This is the City in Maryland With the Most Billionaires There are nearly 2,400 people worldwide whose individual net worth exceeds $1 billion – and more than one-quarter of them live in the United States. All told, there are over 250 cities and towns across the country that at least one of the world’s ultra wealthy calls home.
Using data from Forbes’ Real Time Billionaires list, 24/7 Wall St. identified the city in every state with the most billionaires. The combined net worth of the billionaires in some U.S. cities exceeds the entire annual GDP of many states. The U.S. cities that are home to the most billionaires are often closely tied to the sources of their wealthiest residents’ net worth.
For example, many of the wealthiest people in the country have made their fortune through some association a successful company – and these people often live in close proximity to these companies. As a result, many of the cities on this list have high concentrations of companies in well-paying industries like finance, tech, and oil.
Although Chevy Chase, Maryland is also home to two billionaires, their combined net worth of $8 billion falls short of the combined wealth of billionaires in Potomac. To determine the city in every state with the most billionaires, 24/7 Wall St. compiled data from Forbes’ Real Time Billionaires list.
Data is current as of March 29, 2021. This is the city in every state with the most billionaires. City with the most billionaires:Number of billionaires:Total billionaire net worth:Top billionaire:
| Alabama: None | N/A | N/A | |
| Alaska: None | N/A | N/A | |
| Arizona: Phoenix | 7 | $24.9 billion | Ernest Garcia III |
| Arkansas: Bentonville | 2 | $124.6 billion | Jim Walton |
| California: San Francisco | 41 | $173.8 billion | Dustin Moskovitz |
| Colorado: Denver | 4 | $23.5 billion | Philip Anschutz |
| Connecticut: Greenwich | 11 | $47.2 billion | Ray Dalio |
| Delaware: None | N/A | N/A | |
| Florida: Palm Beach | 11 | $61.6 billion | Thomas Peterffy |
| Georgia: Atlanta | 12 | $55.1 billion | Jim Kennedy |
| Hawaii: Honolulu | 1 | $23.8 billion | Pierre Omidyar |
| Idaho: Idaho Falls | 1 | $3.5 billion | Frank VanderSloot |
| Illinois: Chicago | 11 | $49.5 billion | Ken Griffin |
| Indiana: Bloomington | 1 | $10.5 billion | Carl Cook |
| Iowa: Adel | 1 | $5.4 billion | Harry Stine |
| Kansas: Wichita | 1 | $44.9 billion | Charles Koch |
| Kentucky: Lexington | 2 | $8.5 billion | Tamara Gustavson |
| Louisiana: New Orleans | 1 | $3.3 billion | Gayle Benson |
| Maine: Scarborough | 1 | $2 billion | Susan Alfond |
| Maryland: Potomac | 2 | $9 billion | Mitchell Rales |
| Massachusetts: Boston | 10 | $33.9 billion | Edward Johnson III |
| Michigan: Franklin | 1 | $49.7 billion | Daniel Gilbert |
| Minnesota: Mankato | 1 | $2.5 billion | Glen Taylor |
| Mississippi: Hattiesburg | 2 | $2.8 billion | James and Thomas Duff |
| Missouri: St. Louis | 5 | $18.5 billion | Pauline MacMillan Keinath |
| Montana: Missoula | 2 | $8.3 billion | Dennis Washington |
| Nebraska: Omaha | 3 | $101 billion | Warren Buffett |
| Nevada: Las Vegas | 6 | $14.3 billion | Steve Wynn |
| New Hampshire: None | N/A | N/A | |
| New Jersey: Saddle River | 1 | $7.2 billion | Rocco Commisso |
| New Mexico: None | N/A | N/A | |
| New York: New York | 86 | $446 billion | Michael Bloomberg |
| North Carolina: Cary | 3 | $15 billion | James Goodnight |
| North Dakota: None | N/A | N/A | |
| Ohio: Cleveland | 3 | $3.3 billion | Norma Lerner |
| Oklahoma: Oklahoma City | 3 | $23.2 billion | Tom & Judy Love |
| Oregon: Hillsboro | 1 | $51.6 billion | Phil Knight & family |
| Pennsylvania: Philadelphia | 3 | $10.6 billion | Victoria Mars |
| Rhode Island: Providence | 1 | $2 billion | Jonathan Nelson |
| South Carolina: Charleston | 1 | $1.9 billion | Anita Zucker |
| South Dakota: Sioux Falls | 1 | $1.6 billion | T. Denny Sanford |
| Tennessee: Nashville | 3 | $20.7 billion | Thomas Frist Jr & family |
| Texas: Dallas | 18 | $57.9 billion | Jerry Jones |
| Utah: Provo | 3 | $3.5 billion | Ryan Smith |
| Vermont: None | N/A | N/A | |
| Virginia: McLean | 2 | $4.7 billion | William Conway Jr |
| Washington: Seattle | 8 | $252.2 billion | Jeff Bezos |
| West Virginia: Lewisburg | 1 | $1.2 billion | Jim Justice II |
| Wisconsin: Racine | 3 | $11.7 billion | S. Curtis Johnson |
| Wyoming: Jackson | 3 | $52.1 billion | John Mars |
/lit-timestamp> : This is the City in Maryland With the Most Billionaires
Which country is No 1 poor country?
Which is the world’s poorest country? – Burundi is the world’s poorest country followed by Central African Republic, DR Congo, South Sudan and Somalia as the poorest. The richest countries are Luxembourg, Singapore, Ireland, Qatar and Switzerland. Soberingly, 19 of the 20 poorest countries are all located in Africa.
PPP is determined in each country based on its relative cost of living and inflation rates. Therefore, using GDP PPP, it is possible to compare disparate regions and rank the poorest countries in the world. International dollars are used as a global currency for comparison.
| Rank | Country | International $ |
|---|---|---|
| 1 | Burundi | 771 |
| 2 | Central African Rep. | 988 |
| 3 | DR Congo | 1,142 |
| 4 | South Sudan** | 1,235 |
| 5 | Somalia | 1,246 |
| 6 | Niger | 1,288 |
| 7 | Mozambique | 1,297 |
| 8 | Liberia | 1,468 |
| 9 | Madagascar | 1,544 |
| 10 | Malawi | 1,592 |
| 11 | Chad | 1,602 |
| 12 | Eritrea**** | 1,626 |
| 13 | Sierra Leone | 1,727 |
| 14 | Guinea-Bissau | 1,949 |
| 15 | Afghanistan | 2,079 |
| 16 | Rwanda | 2,214 |
| 17 | Togo | 2,223 |
| 18 | Burkina Faso | 2,274 |
| 19 | Gambia, The | 2,275 |
| 20 | Uganda | 2,294 |
| 21 | Mali | 2,348 |
| 22 | Kiribati | 2,383 |
| 23 | Ethiopia | 2,423 |
| 24 | Lesotho | 2,444 |
| 25 | Solomon Islands | 2,619 |
| 26 | Tanzania | 2,780 |
| 27 | Guinea | 2,817 |
| 28 | Vanuatu | 3,011 |
| 29 | Haiti | 3,095 |
| 30 | Comoros | 3,153 |
| 31 | Zambia | 3,458 |
| 32 | Senegal | 3,503 |
| 33 | Benin | 3,505 |
| 34 | Zimbabwe | 3,537 |
| 35 | Micronesia | 3,553 |
| 36 | Congo | 3,622 |
| 37 | Yemen*** | 3,689 |
| 38 | Tajikistan | 3,858 |
| 39 | Cameroon | 3,868 |
| 40 | Nepal | 4,009 |
| 41 | Timor-Leste | 4,141 |
| 42 | Sudan | 4,142 |
| 43 | Marshall Islands | 4,148 |
| 44 | Sao Tome & Principe | 4,274 |
| 45 | Papua New Guinea | 4,287 |
| 46 | Cambodia | 4,421 |
| 47 | Kenya | 4,578 |
| 48 | Tuvalu | 4,653 |
| 49 | Pakistan | 4,813 |
| 50 | Kyrgyzstan | 4,974 |
| 51 | Myanmar | 5,124 |
| 52 | Bangladesh | 5,139 |
| 53 | Nigeria | 5,186 |
| 54 | Mauritania | 5,390 |
| 55 | Honduras | 5,420 |
| 56 | Cote d’Ivoire | 5,466 |
| 57 | Nicaragua | 5,570 |
| 58 | West Bank & Gaza | 5,690 |
| 59 | Ghana | 5,744 |
| 60 | Djibouti | 5,782 |
| 61 | Cabo Verde | 6,377 |
| 62 | Angola | 6,445 |
| 63 | Belize | 6,458 |
| 64 | India | 6,504 |
| 65 | Tonga | 6,695 |
| 66 | Samoa | 6,769 |
| 67 | Morocco | 7,369 |
| 68 | Uzbekistan | 7,734 |
| 69 | Laos | 8,239 |
| 70 | Bolivia | 8,275 |
| 71 | Philippines | 8,390 |
| 72 | El Salvador | 8,420 |
| 73 | Vietnam | 8,650 |
| 74 | Guatemala | 8,854 |
| 75 | Eswatini | 8,866 |
| 76 | Jamaica | 9,242 |
| 77 | Namibia | 9,298 |
| 78 | Iraq | 9,507 |
| 79 | Jordan | 10,355 |
| 80 | Tunisia | 10,823 |
| 81 | Libya | 10,846 |
| 82 | Dominica | 10,853 |
| 83 | Ecuador | 10,896 |
| 84 | Bhutan | 11,130 |
| 85 | Kosovo | 11,294 |
| 86 | Algeria | 11,324 |
| 87 | Peru | 11,879 |
| 88 | Indonesia | 12,073 |
| 89 | Fiji | 12,079 |
| 90 | Lebanon | 12,119 |
| 91 | Mongolia | 12,367 |
| 92 | Egypt | 12,607 |
| 93 | St. Vincent & Gren. | 12,705 |
| 94 | St. Lucia | 12,710 |
| 95 | Moldova | 13,000 |
| 96 | Ukraine | 13,055 |
| 97 | Paraguay | 13,069 |
| 98 | Sri Lanka | 13,225 |
| 99 | Armenia | 13,312 |
| 100 | Iran | 13,338 |
| 101 | Barbados | 13,350 |
| 102 | South Africa | 13,361 |
| 103 | Albania | 13,412 |
| 104 | Maldives | 13,443 |
| 105 | Nauru | 14,340 |
| 106 | Azerbaijan | 14,480 |
| 107 | Georgia | 14,732 |
| 108 | Brazil | 14,835 |
| 109 | Colombia | 14,931 |
| 110 | Gabon | 15,106 |
| 111 | Grenada | 15,283 |
| 112 | Botswana | 15,458 |
| 113 | Bosnia & Herz. | 15,592 |
| 114 | Turkmenistan* | 16,196 |
| 115 | Palau | 16,322 |
| 116 | Suriname | 16,735 |
| 117 | North Macedonia | 16,926 |
| 118 | China | 17,211 |
| 119 | Venezuela**** | 17,528 |
| 120 | Dominican Rep. | 17,936 |
| 121 | Equatorial Guinea | 17,941 |
| 122 | Thailand | 18,233 |
| 123 | Antigua & Barbuda | 18,242 |
| 124 | Mexico | 18,444 |
| 125 | East Asia & Pacific | 18,541 |
| 126 | Serbia | 19,094 |
| 127 | Guyana | 19,705 |
| 128 | Montenegro | 19,990 |
| 129 | Belarus | 20,239 |
| 130 | Mauritius | 20,531 |
| 131 | Argentina | 20,771 |
| 132 | Curacao | 21,423 |
| 133 | Costa Rica | 22,132 |
| 134 | Turks & Caicos Islands | 22,286 |
| 135 | Uruguay | 22,794 |
| 136 | Bulgaria | 24,564 |
| 137 | Trinidad & Tobago | 25,024 |
| 138 | Chile | 25,110 |
| 139 | St. Kitts & Nevis | 25,653 |
| 140 | Seychelles | 25,768 |
| 141 | Kazakhstan | 26,754 |
| 142 | Panama | 26,782 |
| 143 | Turkey | 27,235 |
| 144 | Malaysia | 27,924 |
| 145 | Greece | 27,949 |
| 146 | Croatia | 28,780 |
| 147 | Russia | 29,812 |
| 148 | Oman | 31,120 |
| 149 | Slovakia | 31,356 |
| 150 | Latvia | 31,483 |
| 151 | Romania | 32,099 |
| 152 | Bahamas, The | 32,539 |
| 153 | Hungary | 33,076 |
| 154 | Portugal | 34,177 |
| 155 | Poland | 34,287 |
| 156 | Puerto Rico | 34,337 |
| 157 | Estonia | 37,645 |
| 158 | Spain | 37,756 |
| 159 | Lithuania | 38,881 |
| 160 | Cyprus | 39,373 |
| 161 | Israel | 39,489 |
| 162 | Slovenia | 39,725 |
| 163 | Czech Rep. | 41,608 |
| 164 | Italy | 41,902 |
| 165 | Japan | 42,390 |
| 166 | Malta | 42,461 |
| 167 | Bahrain | 43,756 |
| 168 | New Zealand | 44,491 |
| 169 | South Korea | 45,226 |
| 170 | UK | 46,483 |
| 171 | Canada | 46,572 |
| 172 | Saudi Arabia | 46,760 |
| 173 | France | 46,991 |
| 174 | Kuwait | 47,307 |
| 175 | Finland | 50,517 |
| 176 | Belgium | 53,089 |
| 177 | Australia | 53,317 |
| 178 | Iceland | 53,617 |
| 179 | Germany | 54,845 |
| 180 | Sweden | 55,038 |
| 181 | Austria | 55,686 |
| 182 | Hong Kong SAR, China | 59,234 |
| 183 | Netherlands | 59,267 |
| 184 | Denmark | 60,230 |
| 185 | Macao SAR, China | 60,896 |
| 186 | Norway | 62,645 |
| 187 | USA | 63,207 |
| 188 | San Marino* | 63,420 |
| 189 | Brunei Darussalam | 65,613 |
| 190 | UAE | 66,771 |
| 191 | Cayman Islands | 71,594 |
| 192 | Switzerland | 71,745 |
| 193 | Bermuda | 80,830 |
| 194 | Qatar | 89,969 |
| 195 | Ireland | 93,350 |
| 196 | Singapore | 98,520 |
| 197 | Luxembourg | 117,846 |
2018 data** 2015 data*** 2013 data **** 2011 data
Source: World Development Indicators from the ; GDP per capita based on purchasing power parity (PPP); data last updated on 01/06/22. More rankings and articles can be found in our area: ►
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Which country is No 1 rich country?
1. Luxembourg – Luxembourg.
Known for high-income levels and a low unemployment rate, Luxembourg is the richest country in the world. While its inflation rate rose to 6.8% in August, 2022, its wealth stays stable. According to the World Economic Forum, the primary factor for Luxembourg’s high GDP is the large number of people working in this tiny, landlocked nation while residing in the neighboring western European countries.
Small to medium-sized companies expanded, while multinational corporations highly demand a highly-skilled labor force with the ability to speak multiple languages. There is also a small but prosperous agricultural sector in the country.
What is the richest country in Europe?
The Grand Duchy of Luxembourg is a landlocked country in Western Europe with Belgium to the west, France to the south and Germany to the east. The country is one of the smallest in the world, as well as one of the wealthiest. Castles and churches dot its forests and rolling hills.
The country has fallen under the rule of many states and kingdoms since its emergence in the 10th century, but has always remained a distinct political unit. After years of control under the Hapsburgs, Luxembourg formed a union with the Netherlands in 1815. The country, whose boundaries have constricted over time, won independence in 1867.
Luxembourg is a parliamentary constitutional monarchy with one legislative house. While the grand duke appoints the prime minister, his powers are mainly formal. Voting is compulsory. Luxembourg is the wealthiest country in the European Union, per capita, and its citizens enjoy a high standard of living,
It is a major center for large private banking, and its finance sector is the biggest contributor to its economy. The country’s main trading partners are Germany, France and Belgium. French, German and Luxembourgish – a Franconian language similar to German and Dutch – are the official languages in Luxembourg, though the country also has a large Portuguese-speaking population.
More than 40% of the country’s population was born outside the country, and consists primarily of Portuguese, French, Italians, Belgians and Germans. The country has grappled with how to integrate foreigners while maintaining its identity, briefly considering giving them the right to vote.
As one of the EU capitals, Luxembourg city is home to the European Court of Justice, the European Investment Bank and several major EU administrative offices. It is also a member of NATO and the United Nations. Luxembourg is the wealthiest country in the European Union, per capita, and its citizens enjoy a high standard of living,
More than 40% of the country’s population was born outside the country, and consists primarily of Portuguese, French, Italians, Belgians and Germans. The country has grappled with how to integrate foreigners while maintaining its identity, briefly considering giving them the right to vote.
In recent years Luxembourg has come under fire for its role as a global tax haven, with critics suggesting the country has offered unfair tax deals to large, multinational companies, In the 20th century Luxembourg became a founding member of several international economic organizations, including the European Economic Community, an iteration of which was eventually absorbed into the European Union.
As one of the EU capitals, Luxembourg city is home to the European Court of Justice, the European Investment Bank and several major EU administrative offices. It is also a member of NATO and the United Nations.
How does the state of Maryland make money?
What is the General Fund? – The general fund consists of any revenues collected by the State that are not dedicated by law to a specific purpose. The individual income tax, retail sales tax, and State Lottery are the three largest sources of general fund revenue.
Does Maryland have the most millionaires?
Two regions where All My Sons of Maryland service their moves landed on the Top 10 list of States with Millionaires. According to an article on yahoo.com, Maryland has 150,000 millionaires.
Where do millionaires live in Maryland?
MoCo’s Brookmont Named “Richest City in Maryland” in List Created by Forbes and MoneyWise – The MoCo Show MoneyWise conducted research based on a list created by Forbes that put together a combined list of the “richest and poorest cities in each state.” The list made by Forbes uses data from the U.S.
Previously, in the 1980 and 1990 census, Brookmont was joined with Cabin John as “Cabin John-Brookmont”, but the census area disbanded to form Cabin John and Brookmont as separate areas in 2000. Forbes magazine analyzed each area in terms of its median household income and mean household income.
Median household income: $239,943 The Brookmont community is made up of around 200 homes in a variety of styles, from Cape Cod to Craftsman, reported The Washington Post in 2019.It’s situated near the Potomac River and the C&O Canal, a big draw for outdoor enthusiasts like competitive kayakers and canoeists.
Six properties sold in Brookmont in 2018 for an average close to $1.3 million — the lowest-priced was a four-bedroom and four-bathroom home for $950,000. The full list, from
