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NH Median Household Income Tops in the U.S.

Here’s some great news for the Granite State courtesy of Laura Chamberlain from the New Hampshire Business Review:

“New Hampshire has the highest average three-year median household income of all states in the country, according to data from the U.S. Census Bureau.

nh_state_seal_33580923_stdThe state also leads the country with a 5.7 percent increase in income between 2005 and 2008, the bureau reported.

According to a Census Bureau report released Sept. 10, the real median household income for the entire United States fell by 0.1 percent in the same period. The national median was $51,233 in 2008, down from $51,283 in 2005.

In New Hampshire, the median household income from 2006 to 2008 averaged $67,508. In 2008, according to the Census Bureau, the median household income in New Hampshire was $68,175.

New Hampshire’s poverty rate, however, like that of the nation’s, rose between 2007 and 2008 to 7 percent. While it was a significant increase in the poverty rate, it wasn’t  nearly as high as the nation’s average, estimated at 13.2 percent. New Hampshire’s poverty rate also was lower than any of its fellow New England states.

The Census Bureau said that the national increase in the poverty rate was the first statistically significant annual increase since 2004.”

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