Photo by Lee Cannon
Delaware
Delaware is the second smallest state in the country, but this does not stop it from being the second richest state in the country as well, with a $63,159 per capita rate. Finance is what makes this state rich, as well as industries like livestock, crops, and manufacturing. Delaware is also one of the oldest states in the country, so this might help explain how and why it has become one of the states with the wealthiest people. Much of that wealth comes from what is known as “old money”.
Delaware is not a powerhouse, but it has one of the best economies in the country. This is due to the legal and financial professions. Having low check incorporation fees also hasn’t hurt its economy. They are known to be very business friendly, which is why many public companies flock to Delaware. It doesn’t hurt that this state obviously knows something about running successful businesses.
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