America’s richest counties and what states offer the highest wages and salaries
When it comes to America’s riches counties, data from the IRS reveal that Texas is the lead while New York still runs the show when it comes to highest wages and salaries.
Americans might be surprised in finding out that according to the latest data available from the IRS, a Texas county is leading the charts when it comes to the highest adjusted gross income. While for the entire US, the AGI average is at $65,685, the richest county in America, McMullen County in Texas had an average AGI per federal return in 2015 of $303,717, according to a database search on the Transactional Records Access Clearinghouse.
McMullen beat Tenton county in Wyoming and New York which came in second and third. And according to Bloomberg, the analysis shows that shale oil money overshadows stock market wealth.
McMullen, with a population of almost 800, according to USA Data, has an unusually high number of agriculture, forestry, fishing, hunting, mining, quarrying, oil and gas extraction, compared to other Texas counties.
And shale oil is important not only for McMullen but also for Glasscock County, in Texas where reserves raised the average AGI to $181,375, making the country the fourth on the list.
Top richest counties in America
|McMullen County (Tilden, TX)||303,717|
|Teton County (Moose, WY)||248,949|
|New York County (Manhattan, NY)||210,233|
|Glasscock County (Garden City, TX)||181,375|
|Marin County (Point Reyes Station, CA)||158,753|
|Fairfield County (Danbury, CT)||158,253|
|McKenzie County (Watford City, ND)||154,013|
|San Mateo County (Menlo Park, CA)||152,911|
|Pitkin County (Aspen, CO)||147,271|
|La Salle County (Cotulla, TX)||146,991|
Money Magazine footnoted that while Teton County was in recent years always on top positions, in 2005, no Texas county was ranked among the top 30 most wealthy in the U.S.
When it comes to wages and salaries, the analysis offers little to no surprises. New York county leads the way with an average of over $100,000, thanks to Manhattan, followed by Falls Church City in Virginia with a little over $93,000 and San Mateo in California with about the same average.
Business and financial operations, computers and tech industries still provide the highest paying jobs, according to the analysis.
Top counties with the highest wages
|County||Salaries and wages|
|New York County (Manhattan, NY)||106,778|
|Falls Church City (Falls Church, VA)||93,132|
|San Mateo County (Menlo Park, CA)||93,101|
|Fairfield County (Danbury, CT)||90,727|
|Santa Clara County (Palo Alto, CA)||90,380|
|Loudoun County (Round Hill, VA)||88,646|
|Somerset County (Lyons, NJ)||86,160|
|Westchester County (Montrose, NY)||85,729|
|Morris County (Picatinny, NJ)||85,339|
|San Francisco County (San Francisco, CA)||82,918|
According to the same analysis, Clay County is the poorest in the US while Catron County has the lowest wages with only $26,649.