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10 Most, Least Valuable US States

In the Lower 48, New Jersey ranks No. 1, while Wyoming brings up the bottom
By Jenn Gidman,  Newser Staff
Posted May 8, 2018 8:50 AM CDT
10 Most, Least Valuable US States
Land value is often determined by what it's used for.   (Getty Images/Krakozawr)

(Newser) – If we had to place a price tag on how much the 1.9 billion acres in the Lower 48 are worth, economist William Larson puts it at $23 trillion. But to determine how individual states fare, 24/7 Wall St. looked more closely at a 2015 paper by Larson that estimated the average land value for the contiguous US states. Here, the 10 most valuable and least valuable adjoining US states, along with their corresponding value per acre:

Most valuable

  1. New Jersey; $196,410
  2. Rhode Island; $133,730
  3. Connecticut; $128,824
  4. Massachusetts; $102,214
  5. Maryland; $75,429
  6. Delaware; $57,692
  7. New York; $41,314
  8. California; $39,092
  9. Ohio; $32,077
  10. Pennsylvania; $31,923
Read on for the least valuable states.

story continues below

Least valuable

  1. Wyoming; $1,558
  2. New Mexico; $1,931
  3. Nevada; $2,116
  4. South Dakota; $2,135
  5. Montana; $2,283
  6. North Dakota; $2,517
  7. Nebraska; $2,936
  8. Idaho; $3,435
  9. Kansas; $4,220
  10. Arizona; $4,328
Read where your state ranks here. (The least affordable housing markets in the US.)

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