Home » Reference Section » States With the Most Home Equity and Retirement Savings

States With the Most Home Equity and Retirement Savings

States With the Most Home Equity and Retirement Savings

Nearly 60 percent of U.S. households have a net worth of $100,000 or more after accounting for debts, with 29.2 percent having a net worth of $500,000 or more. But average net worth varies widely by state.

That’s according to 2022 Census Bureau data compiled and analyzed by SmartAsset.

By the numbers: The median net worth in Hawaii, including home equity, is $502,563 in 2024 dollars. This is 20 percent more than the median net worth in second-place Washington state ($398,881).

  • Maine has the highest prevalence of home equity included in its net worth calculation. The median homeowner has $212,680 in equity. Overall, Maine ranked fourth-highest in net worth at a median $326,570.
  • Meanwhile, only 49.6 percent of households in New York have home equity to count, the lowest nationwide.

Net worth includes the value of home equity, balance of deposit accounts, such as checking and savings, retirement savings and potentially other items of value.

Published by

Darryl Hicks

Darryl Hicks is Vice President of Communications for the National Reverse Mortgage Lenders Association. In this capacity, Hicks writes for NRMLA's publications, manages the association's web sites and social media accounts, assists committees and the Board of Directors, and manages the Certified Reverse Mortgage Professional designation. Prior to joining NRMLA in 1999, Hicks spent three years in the Washington, D.C. bureau for National Mortgage News.