The median net worth of American households is estimated to be $186,690, according to a new SmartAsset report. Net worth includes a household’s assets, minus debts, and provides a general estimate of its relative wealth and financial profile.
Net worth includes the value of home equity, retirement savings, balance of deposit accounts and potentially other items of value.
The study found that some 60% of U.S. households have a net worth of $100,000 or more after accounting for debts. Twenty-nine percent have a net worth of $500,000 or more. However, average net worth varies widely across the country.
In order to determine the median financial profile of households in each state, SmartAsset researchers gathered household net worth and asset data from the U.S. Census Bureau for 2022. They applied a cumulative 6.34% inflation rate (Consumer Price Index For All Urban Consumers) between December 2022 and December 2024 to figures to translate estimates to December 2024 dollars.
Because of lack of available data, they excluded Alaska, Delaware, North Dakota, South Dakota, Vermont and Wyoming from the study.
See the gallery for the 12 states with the highest median net worth per household, according to SmartAsset.
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.