Residents of the District of Columbia had the highest personal income per capita in 2020, at 87,064 U.S. dollars. Mississippi residents, on the other hand, had the lowest personal income per capita, at 41,745 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.
Per capita personal income in the United States in 2020, by state
(in U.S. dollars)
The national figure based on the sum of the state estimates. It differs from the national income and product accounts (NIPA) estimate of personal income because it omits the earnings of federal civilian and military personnel stationed abroad and of U.S. residents employed abroad temporarily by private U.S. firms.
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BEA. (March 24, 2021). Per capita personal income in the United States in 2020, by state (in U.S. dollars) [Graph]. In Statista. Retrieved June 27, 2022, from https://www.statista.com/statistics/303555/us-per-capita-personal-income/
BEA. "Per capita personal income in the United States in 2020, by state (in U.S. dollars)." Chart. March 24, 2021. Statista. Accessed June 27, 2022. https://www.statista.com/statistics/303555/us-per-capita-personal-income/
BEA. (2021). Per capita personal income in the United States in 2020, by state (in U.S. dollars). Statista. Statista Inc.. Accessed: June 27, 2022. https://www.statista.com/statistics/303555/us-per-capita-personal-income/
BEA. "Per Capita Personal Income in The United States in 2020, by State (in U.S. Dollars)." Statista, Statista Inc., 24 Mar 2021, https://www.statista.com/statistics/303555/us-per-capita-personal-income/
BEA, Per capita personal income in the United States in 2020, by state (in U.S. dollars) Statista, https://www.statista.com/statistics/303555/us-per-capita-personal-income/ (last visited June 27, 2022)