Zippia did a breakdown of what the most successful states might be. Might they be states containing the most successful cities? Are these states doing something better than yours is? And is good ice cream a key to their success?
The answers? No, Probably, and most definitely. But we’ll get to methodology in a moment (ice cream was not one of our criteria…) First, here are the 10 most successful states:
- New Hampshire
- North Dakota
Of all the states we looked at (which would be… all of them…) Virginia had the eighth highest median income. Residents here were also the ninth least impoverished, overall, and the 14th least likely to be unemployed. Congrats, Old Dominion!
How We Determined the Most Successful States in America
The first thing that comes to most capitalist minds in terms of success is—money. After all, rich people must be successful, right?
Meh. Maybe. But we think there’s a bit more that goes into it than that. So we looked at this set of criteria from the 2010-2014 American Community Survey:
- Poverty Level
- Median Household Income
- Unemployment Rate
Median household income is the most digestible way to understand how wealthy a place really is. The unemployment rate tries to capture the prospects for more people to become rich. And finally, if more people are employed, the brighter (and more successful) that place’s future looks.
After we collected the data for all 50 states, we ranked each from 1 to 50 for each of the criteria, with 1 being the most successful.
We then averaged all the rankings for a place into a “Success Score” with the state having the lowest overall Success Score crowned the “Most Successful State in America.”