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Based on the work of economic expert William D. Larson, the overall value of the 1. 9 billion acres in the contiguous 48 states is nearly $23 trillion or about $12,000 an acre usually. The federal government's stake in this land, almost one-quarter of the acreage, is worth $1. 8 trillion.
24/7 Wall St. reviewed the approximated value of land in each of the adjoining 48 states using information from Larson's 2015 study, "New Estimates of Worth of Land of the United States."Almost half of the land in the adjoining United States is utilized for agriculture the largest or one of the biggest industries in several states.
In overall, according to the latest quote by the U.S. Department of Agriculture, farmland and farming structures in the United States are worth a combined $200 billion-plus. Whether an acre of land becomes part of a sprawling farm or a dense city area, its worth is primarily figured out by its use.
0 trillion (4th greatest) $39,842 (11th lowest) $214,000 (21st greatest) $31,923 $914 billion (6th greatest) $51,841 (19th greatest) $181,200 (23rd least expensive) $32,077 $838 billion (8th greatest) $48,188 (23rd greatest) $144,200 (8th least expensive) $39,092 $3. 9 trillion (the greatest) $60,359 (7th greatest) $509,400 (the greatest) $41,314 $1. 2 trillion (3rd highest) $65,220 (2nd greatest) $314,500 (7th highest) $57,692 $72 billion (second least expensive) $63,955 (fourth highest) $252,800 (15th highest) $75,429 $470 billion (15th highest) $56,375 (10th highest) $312,500 (8th highest) $102,214 $517 billion (13th greatest) $66,500 (the greatest) $385,400 (2nd highest) $128,824 $400 billion (18th highest) $62,633 (5th greatest) $273,100 (11th greatest) $133,730 $90 billion (3rd least expensive) $48,314 (22nd highest) $257,800 (14th highest) $196,410 $930 billion (5th greatest) $56,776 (9th highest) $334,900 (5th highest)To recognize the most (and least) valuable states, 24/7 Wall St.
To generate a detailed assessment of the 48 contiguous states, Larson's research study, "New Quotes of Value of Land of the United States," provided a variety of land worth models for approximating land prices in 2009. The GDP-per-capita figures originated from the Bureau of Economic Analysis and are for 2017. The U.S.
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