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
- New Jersey; $196,410
- Rhode Island; $133,730
- Connecticut; $128,824
- Massachusetts; $102,214
- Maryland; $75,429
- Delaware; $57,692
- New York; $41,314
- California; $39,092
- Ohio; $32,077
- Pennsylvania; $31,923
Read on for the least valuable states.
Least valuable
- Wyoming; $1,558
- New Mexico; $1,931
- Nevada; $2,116
- South Dakota; $2,135
- Montana; $2,283
- North Dakota; $2,517
- Nebraska; $2,936
- Idaho; $3,435
- Kansas; $4,220
- Arizona; $4,328
Read where your state ranks
here. (The
least affordable housing markets in the US.)
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