Special Report

America's Richest and Poorest States

Source: choness / Getty Images

5. California
> Median household income: $80,440
> Adults with at least a bachelor’s degree: 35.0% (13th highest)
> Poverty rate: 11.8% (25th highest)
> Median home value: $568,500 (2nd highest)
> Population: 39,512,223

Source: Adam-Springer / Getty Images

4. Hawaii
> Median household income: $83,102
> Adults with at least a bachelor’s degree: 33.6% (18th highest — tied)
> Poverty rate: 9.3% (6th lowest — tied)
> Median home value: $669,200 (the highest)
> Population: 1,415,872

ALSO READ: The Poorest County In Every State

Source: SeanPavonePhoto / Getty Images

3. New Jersey
> Median household income: $85,751
> Adults with at least a bachelor’s degree: 41.2% (3rd highest)
> Poverty rate: 9.2% (5th lowest)
> Median home value: $348,800 (7th highest)
> Population: 8,882,190

Source: SeanPavonePhoto / Getty Images

2. Massachusetts
> Median household income: $85,843
> Adults with at least a bachelor’s degree: 45.0% (the highest)
> Poverty rate: 9.4% (8th lowest)
> Median home value: $418,600 (3rd highest)
> Population: 6,892,503

Source: Davel5957 / Getty Images

1. Maryland
> Median household income: $86,738
> Adults with at least a bachelor’s degree: 40.9% (4th highest)
> Poverty rate: 9.0% (3rd lowest — tied)
> Median home value: $332,500 (9th highest)
> Population: 6,045,680

ALSO READ: America’s 25 Richest Universities

Sponsored: Tips for Investing

A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.

Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.