[00:01] median net worth. And as you can see, we have a lot of states that are in the south like Kentucky, Louisiana, and Arkansas. And a huge reason for these low numbers is that the real estate values in these states are a lot lower,
[00:13] worth is going to be comprised of real estate and home values. Now, across the country, the median net worth sits at around $201,000. So, if you're below that and you see your state on this list, you might be
[00:26] move instead to one of the top 10 states. Here are those top 10 states, by the way. You can see Hawaii leads the pack at almost $700,000 in median net worth, followed by Washington, Massachusetts, and even states like
[00:39] Idaho, Nebraska, and Maine are in the top 10. Now, in Hawaii, a lot of the net worth is comprised of home equity at a $600,000 median home equity. So, people in Hawaii are technically the wealthiest in America, but most of that wealth is
[00:51] going to be locked up in a house. So, if you moved to Hawaii, it's not like you lot of the wealth is built into the house. And so, if anything, Hawaii is filters out anyone that doesn't have money already. It's kind of like
[01:05] selection bias. But, some of these top states like Nebraska, Maine, and Idaho, move to and start to grow your net worth because it's really about how much you get to keep. And in these states where the cost of living is a little bit on
[01:17] the lower end, but the job market is still solid, the gap between your income and your expenses is where you can really grow that net worth.