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Unsurprisingly, the four richest states in terms of median household income are also among the states with the highest PCI: District of Columbia, Maryland, Massachusetts, and New Jersey. California and New York also have high median incomes and have the highest and third-highest GDPs of $3.120 billion and $1.705 billion.
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.
Dec 28, 2021 · States With the Highest Per Capita Income. There are 22 states that have real per capita incomes that exceed the U.S. per capita income average of $53,504. Geographically, these...
- Andrew Depietro
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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Per capita personal income is calculated as the total personal income of the residents of a state divided by the population of the state. In computing per capita personal income, BEA uses midquarter population estimates based on unpublished Census Bureau data.
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Mar 23, 2022 · In Idaho, the state with the largest increase in personal income, increases in earnings in construction and retail trade were the largest contributors to growth in personal income. In South Dakota, the state with second largest increase in personal income, an increase in farm earnings was the largest contributor to growth in personal income.
Jun 22, 2022 · Per capita personal income is calculated as the total personal income of the residents of a state divided by the population of the state. In computing per capita personal income, BEA uses midquarter population estimates based on unpublished Census Bureau data.
