How valuable is Arizona? Experts estimate cost of states in U.S.
May 13, 2018, 4:10 AM | Updated: 2:15 pm
(Facebook Photo)
PHOENIX — Experts attempted to estimate the value of each state in the contiguous United States.
24/7 Wall Street found the value by comparing the use of the land. Developed land, for instance, accounts for only 6 percent of the acres across the 48 states, but it holds more than half the value, the site said.
Arizona fell at No. 39, with a value of $4,328 per acre and a total value of $315 billion.
It came in between Kansas ($4,220 per acre) and Utah ($4,664).
Those values are almost a tenth of California’s per-acreage, $39,092. That’s not even the highest, though; California slotted in at No. 8.
New York was No. 7 with a value of $41,314 per acre.
Texas came in at No. 27 overall, at $7,542 per acre. It has the largest and most valuable farmland of any state in the union. Ten percent of all agricultural value from the 48 states is in Texas.
The No. 1 state? New Jersey. Each acre is valued at $196,410, more than 45 times greater than Arizona’s acreage value.
It’s more than 125 times more valuable than the acreage in state No. 48, Wyoming.