Ever wonder if you’re falling behind on where you should be savings-wise?
Across the United States, the median household net worth is estimated to be $187,690 with nearly 60% of households in the U.S. have a net worth of $100,000 or more after accounting for debts. The numbers vary from state to state and give a small look into the value of where monetarily people differ region to region.
In a recent 2025 report breaking down each state by median net worth, Illinois ranks in the upper middle of all 50 states, with room to improve.
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SmartAsset, an online destination for consumer-focused financial information and advice, examined the latest net worth data and account balances across the U.S. to determine the median financial profile of households in each state.
Household net worth and asset data comes from the U.S. Census Bureau for 2022. A cumulative 6.34% inflation rate (CPI-U) between December 2022 and December 2024 was applied to figures to translate estimates to December 2024 dollars.
Data was available for 44 states. Alaska, Delaware, North Dakota, South Dakota, Vermont and Wyoming were excluded due to lack of data.
States are ranked based on the median household net worth, comprising retirement savings, deposit accounts, home equity and other investments minus debts.
The answer? Sunny Hawaii. The median net worth in Hawaii including home equity is $502,563 in 2024 dollars. This is 20% more than the median net worth in second-place Washington state at just shy of $400,000.
Hawaiians also have the highest median retirement savings at $159,510 and the highest median balance in deposit accounts at $43,499.
Illinois is ranked 23 out of 44 for household net worth.
The state’s median net worth of a household is $186,733 with median retirement savings of $107,403.
In the prairie state, the percentage of households with a net worth of over $100,000 is 62.4%, ranking within the top 15 states.
Louisiana households have a median net worth of only $76,458, less than half of the U.S. median. This includes a median $47,640 in retirement accounts.
Arkansas holds the lowest retirement savings, coming in at a balance of $40,303 compared to the household median of $79,755 across all reported states.
Claire Grant writes about business, growth and development and other news topics for The State Journal-Register. She can be reached at CLGrant@gannett.com; and on X (Formerly known as Twitter): @Claire_Granted
New report finds Illinois ranks middle of the road for household net worth – The State Journal-Register
