Residents of the District of Columbia had the highest personal income per capita in 2022, at 96,728 U.S. dollars. Mississippi residents, on the other hand, had the lowest personal income per capita, at 46,248 U.S. dollars.
What is personal income?
Personal income is the income that a worker receives from all sources, including salary, wages, bonuses, income from self-employment, dividends from investments, and receipts from real estate investments. Because of this, total personal income is different from the average wage, as personal income takes more factors into account than just salary and compensation.
Income in the United States
Wages and salaries in the United States can vary greatly depending on the profession a person is in, and the rise (or fall) of wages is seen as a key economic indicator as to the financial health of the country’s residents. In recent years, the increasing gap between CEO compensation and the compensation of the average worker has brought the issue of stagnating wages to the forefront of the national conversation.
FAQs
Residents of the District of Columbia had the highest personal income per capita in 2022, at 96,728 U.S. dollars. Mississippi residents, on the other hand, had the lowest personal income per capita, at 46,248 U.S. dollars.
Which state has highest per capita income 2022? ›
List
Rank | State/Union territory | 2021–22 (INR) |
---|
1 | Goa | ₹472,070 |
2 | Sikkim | ₹463,509 |
3 | Delhi | ₹389,529 |
4 | Chandigarh | ₹333,932 |
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Which state has the highest per capita personal income? ›
What is the real per capita personal income? ›
Real per capita personal income is the real personal income divided by midyear population. Real personal income is personal income at RPPs divided by the national PCE price index.
What is the top 10% personal income in USA? ›
What are the annual wages of top earners?
Bracket | Average annual wages |
---|
Top 0.1% | $3,212,486 |
Top 1% | $823,763 |
Top 5% | $342,987 |
Top 10% | $173,176 |
What is the per capita income distribution in the United States? ›
As per United States Census Bureau 2022 data, the mean per capita income in the United States is $37,683, while median household income is around $69,021. One of the most commonly used metrics for gauging the economic performance and shifting fortunes of local economies is per capita income (PCI).
What is the richest state per capita in the United States? ›
GDP per capita also varied widely throughout the United States in 2022, with New York ($105,226), Massachusetts ($99,274), and North Dakota ($96,461) recording the three highest GDP per capita figures in the U.S., while Mississippi ($47,572), Arkansas ($54,644), and West Virginia ($54,870) recorded the three lowest GDP ...
Which US state has the lowest per capita income? ›
On the other end of the spectrum, Mississippi has the lowest per capita income at $46,248, significantly lower than the national average. States in the east (Connecticut, Massachusetts, New Jersey, and New York) and west coast states like California and Washington generally exhibit higher per capita incomes.
What cities have the highest per capita income in the US? ›
GDP per capita for US metropolitan statistical areas (in 2021 dollars)
Rank | City | GDP per capita |
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1 | Midland, TX MSA | $228,069 |
2 | San Jose-Sunnyvale-Santa Clara, CA MSA | $210,235 |
3 | San Francisco-Oakland-Berkeley, CA MSA | $144,633 |
4 | Seattle-Tacoma-Bellevue, WA MSA | $119,646 |
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Which US states ranked per capita? ›
For per capita GDP, only two of the above states ranked in the top five in 2022: New York was first, followed by Massachusetts, then Washington, while California ranked fourth. The two states ranked 49th and 50th in per capita GDP were West Virginia and Mississippi, respectively.
Mississippi
In 2024 it has the highest poverty rate with 18.8%. According to the U.S. Census Bureau, it faces significant economic challenges. The state's median household income of around $45,792 in 2020 is notably lower than the national average.
Which six states of the United States have the highest per capita income? ›
The following ten states have the highest PCI, in descending order: District of Columbia ($84,538), Connecticut ($79,087), Massachusetts ($74,967), New York ($71,440), New Jersey ($70,979), California ($66,661), Maryland ($65,683), Washington ($64,898), New Hampshire ($63,880), and Wyoming ($63,316).
What is the current US real disposable income per capita? ›
Basic Info. US Real Disposable Personal Income per Capita is at a current level of 50417.00, up from 50344.00 last month and up from 49991.00 one year ago. This is a change of 0.15% from last month and 0.85% from one year ago.
What is the average salary in the US? ›
How much does the average American make a year? According to the U.S. Bureau of Labor, the average U.S. annual salary in Q4 of 2023 was $59,384. This is up 5.4% from the same time period in 2022 when the average American was making $56,316 per year.
What is the difference between national income and per capita income? ›
National income is the total value a country's final output of all new goods and services produced in one year whereas national income is calculated by taking sum of all sectors personal, public or government. per capita income = total income ÷ total population.
What is the average salary in the U.S. 2022? ›
How much does the average American make a year? According to the U.S. Bureau of Labor, the average U.S. annual salary in Q4 of 2023 was $59,384. This is up 5.4% from the same time period in 2022 when the average American was making $56,316 per year.
What is the total income of the United States in 2022? ›
Which country has highest per capita income 2022? ›
Real GDP per capita
Rank | Country | |
---|
1 | Liechtenstein | $139,100 |
2 | Monaco | $115,700 |
3 | Luxembourg | $110,300 |
4 | Singapore | $93,400 |
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What percentage of Americans make $75,000 a year? ›
Percentage distribution of household income in the United States in 2022
Annual household income in U.S. dollars | Percentage of U.S. households |
---|
35,000 to 49,999 | 10.6% |
50,000 to 74,999 | 16.2% |
75,000 to 99,999 | 12.3% |
100,000 to 149,999 | 16.4% |
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