According to the Census Bureau, household income in the United States rose 4% between 2022 and 2023, as measured from July to July. The total hit $80,610. However, the figure varied widely from state to state.
South Dakota's median household income rose 17% to $81,740. Based on population, it ranks 47th, at 828,797. The state with the second largest gain is Vermont. Its median household income rose from 13.5% to $85,190.
The Dakota Institute claims farm incomes are a primary reason for residents' financial success. However, there is no direct correlation between labor force participation and household income.
No simple answer readily explains why household income rose so much in South Dakota between 2022 and 2023.
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