Hooray, Connecticut Is No Longer the Richest State: Justin Fox

From 1987 to 2019, Connecticut was the richest state in the US as measured by per capita personal income. In 2020, it lost out — by $10 — to neighboring Massachusetts. Massachusetts’ lead grew in 2021, shrank in 2022 and appears likely to hold up in 2023, with the third-quarter estimates for the two states coming in at annual incomes of $88,576 for Massachusetts and $87,372 for Connecticut. (I’ve excluded the District of Columbia, where the third-quarter 2023 per capita income was a much higher $102,285.)

Here’s the long view, with state per capita incomes expressed as a percentage of the US ...