Average Net Worth and Assets by State

A household’s net worth can reveal a lot about their overall financial well-being. Liquid assets can provide better odds for approval for home loans or other lines of credit, cushioning for unpredictable life events, and the potential to make your money work for you through investments. But households in different locations often manage different savings rates, depending on factors such as the local job market, economy, cost of living, and taxes. Thus, the median net worth in the United States ranges from $62,500 to nearly $700,000 depending on which state you live in, according to the latest Census data. And those assets are allocated differently too, which can greatly impact a household’s flexibility in using these funds.

With this in mind, SmartAsset ranked 43 states with available data based on the median household net worth, including information about whether these assets are held in home equity, emergency funds, vehicles, retirement accounts, or other investments.

Key Findings

The median net worth in Hawaii is nearly $700,000. Hawaiian households have the highest net worth nationwide at a median $692,700. Washington ranked second with a median household net worth of $456,500, followed by New Hampshire ($412,600); Massachusetts ($394,900); and Colorado ($370,000).
Retirement savings are highest in Massachusetts. The median retirement savings in the Bay State is $150,000 across 401(k)s, IRAs, and other retirement-specific accounts. In total, 74.8% of households in this state maintain retirement savings. 401(k)s are prevalent in 60.9% of households, compared to 40.6% of households using IRAs or Keogh accounts.
Most household net worth in California is tied up in home equity. High housing costs in California have wealth tied up in illiquid assets, with the median household home equity at $550,000 – outsized compared to the median household net worth of $273,800 (12th highest nationwide).
The median net worth is below $100,000 in six states. Arkansas has the lowest household median net worth nationwide at $62,500, including just $3,000 readily available in deposit accounts. Households in New Mexico ($77,500); Oklahoma ($78,510); Kentucky ($81,900); Louisiana ($85,230); and Mississippi ($87,280) also rank poorly.

Net Worth by State

States are ranked based on the median household net worth. Details about retirement savings, home equity, and other wealth statistics are also included.

Hawaii

Median net worth: $692,700
Median retirement savings: $149,000
Median deposit account balance: $37,050
Median home equity: $600,000
Median equity in vehicles: $19,200
Households with a net worth of $100k or more: 78.9%
Households with a net worth of $500k or more: 61.9%

Washington

Median net worth: $456,500
Median retirement savings: $143,400
Median deposit account balance: $16,500
Median home equity: $392,000
Median equity in vehicles: $16,580
Households with a net worth of $100k or more: 75.4%
Households with a net worth of $500k or more: 47.3%

New Hampshire

Median net worth: $412,600
Median retirement savings: NA
Median deposit account balance: $22,000
Median home equity: NA
Median equity in vehicles: NA
Households with a net worth of $100k or more: 70.5%
Households with a net worth of $500k or more: 36.5%

Massachusetts

Median net worth: $394,900
Median retirement savings: $150,000
Median deposit account balance: $22,700
Median home equity: $400,000
Median equity in vehicles: $14,980
Households with a net worth of $100k or more: 68.7%
Households with a net worth of $500k or more: 44.7%

Colorado

Median net worth: $370,000
Median retirement savings: $100,000
Median deposit account balance: $10,000
Median home equity: $350,000
Median equity in vehicles: $15,970
Households with a net worth of $100k or more: 67.1%
Households with a net worth of $500k or more: 46.0%

Maryland

Median net worth: $330,500
Median retirement savings: $120,000
Median deposit account balance: $22,000
Median home equity: $280,000
Median equity in vehicles: $15,170
Households with a net worth of $100k or more: 68.8%
Households with a net worth of $500k or more: 41.7%

Idaho

Median net worth: $313,400
Median retirement savings: $89,000
Median deposit account balance: $8,826
Median home equity: $303,100
Median equity in vehicles: $15,950
Households with a net worth of $100k or more: 63.2%
Households with a net worth of $500k or more: 34.1%

New Jersey

Median net worth: $312,400
Median retirement savings: $134,000
Median deposit account balance: $18,100
Median home equity: $300,000
Median equity in vehicles: $16,100
Households with a net worth of $100k or more: 63.5%
Households with a net worth of $500k or more: 42.6%

Maine

Median net worth: $303,700
Median retirement savings: NA
Median deposit account balance: $12,700
Median home equity: $200,000
Median equity in vehicles: $10,060
Households with a net worth of $100k or more: NA
Households with a net worth of $500k or more: NA

Nebraska

Median net worth: $285,800
Median retirement savings: NA
Median deposit account balance: $17,000
Median home equity: $187,000
Median equity in vehicles: $18,640
Households with a net worth of $100k or more: 77.7%
Households with a net worth of $500k or more: 32.7%

Utah

Median net worth: $282,800
Median retirement savings: $62,800
Median deposit account balance: $13,900
Median home equity: $300,000
Median equity in vehicles: $14,000
Households with a net worth of $100k or more: 65.9%
Households with a net worth of $500k or more: 33.4%

California

Median net worth: $273,800
Median retirement savings: $100,000
Median deposit account balance: $13,600
Median home equity: $550,000
Median equity in vehicles: $15,000
Households with a net worth of $100k or more: 60.6%
Households with a net worth of $500k or more: 40.3%

Minnesota

Median net worth: $271,300
Median retirement savings: $111,000
Median deposit account balance: $15,000
Median home equity: $167,000
Median equity in vehicles: $13,900
Households with a net worth of $100k or more: 68.8%
Households with a net worth of $500k or more: 33.6%

Montana

Median net worth: $258,100
Median retirement savings: $76,000
Median deposit account balance: $10,100
Median home equity: NA
Median equity in vehicles: $21,300
Households with a net worth of $100k or more: 58.2%
Households with a net worth of $500k or more: 39.3%

Florida

Median net worth: $255,100
Median retirement savings: $78,000
Median deposit account balance: $10,550
Median home equity: $265,000
Median equity in vehicles: $12,270
Households with a net worth of $100k or more: 63.0%
Households with a net worth of $500k or more: 33.5%

Connecticut

Median net worth: $253,100
Median retirement savings: $118,400
Median deposit account balance: $15,000
Median home equity: $232,000
Median equity in vehicles: $13,090
Households with a net worth of $100k or more: 61.7%
Households with a net worth of $500k or more: 33.0%

Oregon

Median net worth: $248,900
Median retirement savings: $92,400
Median deposit account balance: $9,700
Median home equity: $270,000
Median equity in vehicles: $13,400
Households with a net worth of $100k or more: 62.9%
Households with a net worth of $500k or more: 37.1%

Virginia

Median net worth: $219,100
Median retirement savings: $85,200
Median deposit account balance: $14,100
Median home equity: $209,000
Median equity in vehicles: $12,260
Households with a net worth of $100k or more: 65.7%
Households with a net worth of $500k or more: 36.5%

Illinois

Median net worth: $209,500
Median retirement savings: $111,000
Median deposit account balance: $16,000
Median home equity: $165,000
Median equity in vehicles: $14,270
Households with a net worth of $100k or more: 64.2%
Households with a net worth of $500k or more: 30.1%

Pennsylvania

Median net worth: $207,700
Median retirement savings: $101,800
Median deposit account balance: $10,750
Median home equity: $175,000
Median equity in vehicles: $12,750
Households with a net worth of $100k or more: 65.4%
Households with a net worth of $500k or more: 29.3%

Arizona

Median net worth: $204,300
Median retirement savings: $69,500
Median deposit account balance: $10,680
Median home equity: $263,000
Median equity in vehicles: $13,660
Households with a net worth of $100k or more: 60.5%
Households with a net worth of $500k or more: 31.0%

Wisconsin

Median net worth: $188,000
Median retirement savings: $58,000
Median deposit account balance: $10,500
Median home equity: $175,000
Median equity in vehicles: $11,300
Households with a net worth of $100k or more: 60.6%
Households with a net worth of $500k or more: 28.8%

Iowa

Median net worth: $177,100
Median retirement savings: $70,000
Median deposit account balance: $9,100
Median home equity: $125,000
Median equity in vehicles: $13,400
Households with a net worth of $100k or more: 60.7%
Households with a net worth of $500k or more: 25.2%

Nevada

Median net worth: $173,700
Median retirement savings: $70,000
Median deposit account balance: $5,855
Median home equity: $233,000
Median equity in vehicles: $10,000
Households with a net worth of $100k or more: 57.2%
Households with a net worth of $500k or more: 29.1%

Tennessee

Median net worth: $172,000
Median retirement savings: $74,500
Median deposit account balance: $6,400
Median home equity: $179,000
Median equity in vehicles: $12,500
Households with a net worth of $100k or more: 56.3%
Households with a net worth of $500k or more: 24.0%

North Carolina

Median net worth: $170,400
Median retirement savings: $56,000
Median deposit account balance: $8,700
Median home equity: $180,000
Median equity in vehicles: $10,690
Households with a net worth of $100k or more: 59.0%
Households with a net worth of $500k or more: 25.9%

Michigan

Median net worth: $167,000
Median retirement savings: $85,000
Median deposit account balance: $10,000
Median home equity: $145,000
Median equity in vehicles: $10,400
Households with a net worth of $100k or more: 58.2%
Households with a net worth of $500k or more: 25.9%

Georgia

Median net worth: $167,000
Median retirement savings: $72,000
Median deposit account balance: $5,140
Median home equity: $181,000
Median equity in vehicles: $12,200
Households with a net worth of $100k or more: 59.3%
Households with a net worth of $500k or more: 26.6%

Ohio

Median net worth: $154,400
Median retirement savings: $100,000
Median deposit account balance: $11,000
Median home equity: $158,000
Median equity in vehicles: $11,300
Households with a net worth of $100k or more: 57.0%
Households with a net worth of $500k or more: 27.2%

Texas

Median net worth: $149,500
Median retirement savings: $55,000
Median deposit account balance: $7,600
Median home equity: $162,000
Median equity in vehicles: $12,890
Households with a net worth of $100k or more: 57.7%
Households with a net worth of $500k or more: 24.5%

Kansas

Median net worth: $144,200
Median retirement savings: $56,000
Median deposit account balance: $5,585
Median home equity: $130,000
Median equity in vehicles: $8,580
Households with a net worth of $100k or more: 61.6%
Households with a net worth of $500k or more: 30.5%

Indiana

Median net worth: $141,300
Median retirement savings: $71,700
Median deposit account balance: $8,300
Median home equity: $150,000
Median equity in vehicles: $10,810
Households with a net worth of $100k or more: 58.3%
Households with a net worth of $500k or more: 25.3%

New York

Median net worth: $132,800
Median retirement savings: $80,000
Median deposit account balance: $10,000
Median home equity: $200,000
Median equity in vehicles: $12,000
Households with a net worth of $100k or more: 53.5%
Households with a net worth of $500k or more: 29.7%

South Carolina

Median net worth: $129,900
Median retirement savings: $50,300
Median deposit account balance: $10,000
Median home equity: $150,000
Median equity in vehicles: $13,000
Households with a net worth of $100k or more: 55.5%
Households with a net worth of $500k or more: 21.6%

Missouri

Median net worth: $118,700
Median retirement savings: $57,000
Median deposit account balance: $7,500
Median home equity: $144,500
Median equity in vehicles: $12,100
Households with a net worth of $100k or more: 55.2%
Households with a net worth of $500k or more: 19.9%

West Virginia

Median net worth: $115,000
Median retirement savings: $54,400
Median deposit account balance: $5,000
Median home equity: $150,000
Median equity in vehicles: $14,010
Households with a net worth of $100k or more: 51.5%
Households with a net worth of $500k or more: 20.3%

Alabama

Median net worth: $103,500
Median retirement savings: $46,000
Median deposit account balance: $3,643
Median home equity: $137,000
Median equity in vehicles: $13,580
Households with a net worth of $100k or more: 50.9%
Households with a net worth of $500k or more: 17.4%

Mississippi

Median net worth: $87,280
Median retirement savings: $35,000
Median deposit account balance: $2,500
Median home equity: $108,000
Median equity in vehicles: $10,800
Households with a net worth of $100k or more: 45.8%
Households with a net worth of $500k or more: 10.3%

Louisiana

Median net worth: $85,230
Median retirement savings: $50,000
Median deposit account balance: $3,320
Median home equity: $100,000
Median equity in vehicles: $10,530
Households with a net worth of $100k or more: 45.9%
Households with a net worth of $500k or more: 13.3%

Kentucky

Median net worth: $81,900
Median retirement savings: $50,000
Median deposit account balance: $3,700
Median home equity: $94,000
Median equity in vehicles: $12,000
Households with a net worth of $100k or more: 46.0%
Households with a net worth of $500k or more: 19.0%

Oklahoma

Median net worth: $78,510
Median retirement savings: $39,450
Median deposit account balance: $5,000
Median home equity: $125,000
Median equity in vehicles: $13,010
Households with a net worth of $100k or more: 45.9%
Households with a net worth of $500k or more: 17.2%

New Mexico

Median net worth: $77,500
Median retirement savings: $50,000
Median deposit account balance: $6,870
Median home equity: $132,000
Median equity in vehicles: $12,000
Households with a net worth of $100k or more: 49.0%
Households with a net worth of $500k or more: 23.8%

Arkansas

Median net worth: $62,500
Median retirement savings: $54,490
Median deposit account balance: $3,000
Median home equity: $95,000
Median equity in vehicles: $12,620
Households with a net worth of $100k or more: 44.4%
Households with a net worth of $500k or more: 15.9%

Data and Methodology

Household net worth and asset data comes from the U.S. Census Bureau for 2023, published July 2025. Data was available for 43 states (data for Alaska, Delaware, North Dakota, South Dakota, Rhode Island, Vermont and Wyoming was unavailable).

Average Net Worth and Assets by State – 2026 Study

Key Findings

Net Worth by State

Data and Methodology

Questions about this study? Contact us at press@smartasset.com