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October 15, 2014

New Jerseyans may feel as if they are quite poor, but that’s not the reality, according to WalletHub’s most recent ranking, which had the Garden State as No. 1 in net worth.

To judge net worth, Wallet Hub looked at three criteria: the income per capita of residents; GDP per capita; and federal taxes paid per capita.

New Jersey ranked third in income -- just below Maryland and Alaska and ahead of Hawaii and Connecticut. It ranked among the lowest five states with the percentage of households earning between $25,000 and $49,000 and among the top five for households earning $100,000 or more. (It was second only to the District of Columbia for households earning $200,000 or more.)

Surprisingly, New Jersey ranked fifth when it came to federal taxes paid per capita. New Jersey ranked ninth in terms of Gross Domestic Product per capita.

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