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- 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).
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Ranking states by PCPI, adjusted by regional price parity. Data in this table are from the Bureau of Economic Analysis (BEA) and are for the year 2022. [7] Adjusted personal income is found by dividing personal income by price parity. Location.
Massachusetts follows a close second at $84,945, demonstrating one of the tightest races for the top position. On the other end of the spectrum, Mississippi has the lowest per capita income at $46,248, significantly lower than the national average.
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).
Sep 21, 2023 · New Jersey: New Jersey has the highest per capita income of any state, at over $117,000. However, New Jersey isn’t within the top 10 for the highest cost of living (rank 14) and is only ranked 6th for the highest tax burden, making the state’s high income even more beneficial for earners.
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1 State Tax Collections per Capita 2021 2 State-Local Tax Burdens 2019 3 State Business Tax Climate Index 2023 4 State Revenue per Capita 2021 5 State & Local Tax Collections per Capita 2020 6 State & Local Revenue per Capita 2020 7 Sources of State & Local Tax Collections 2020 8 Federal Aid as a Percentage of State General Revenue 2020
Census Bureau (Census) population figures to calculate per capita personal income estimates for the first quarter of 2020 through the fourth quarter of 2023. BEA also used new Census population figures to update annual 2020 to 2022 per capita personal income statistics and to produce new per capita personal income statistics for 2023.
State personal income increased 59.7 percent at an annual rate in the first quarter of 2021 after decreasing 3.9 percent in the fourth quarter of 2020, according to estimates released today by the Bureau of Economic Analysis (table 1).
