In the United States the most widely cited personal income statistics are the Bureau of Economic Analysis's personal income and the Census Bureau's per capita money income. [citation needed], United States locations by per capita income, States and territories ranked by median household income, States and territories ranked by per capita income. DataBank. Personal income varied significantly with an individual's racial characteristics with racial discrepancies having remained largely stagnant since 1996. The CPS measure of money income is defined as the total pre-tax cash income received by people on a regular basis, excluding certain lump-sum payments and excluding capital gains. The only exception was among the holders of graduate degreeswho constitute 8.9% of the population. [15], SOURCE: US Census Bureau, Current Population Survey 2016 Annual Social and Economic Supplement. Most Recent Year. [20] Amounts are shown in nominal dollars and in real dollars (in parentheses, 2017 dollars). [5] According to the US Census, men tended to have higher income than women, while Asians and Whites earned more than African Americans and Hispanics. Income patterns are evident on the basis of age, sex, ethnicity and educational characteristics. Overall, Asian Americans earned higher median personal incomes than any other racial demographic. [21] The second largest racial or ethnic gap was between Whites and African Americans with the former earning roughly 22% more than the latter. This measure of income is calculated as the personal income of the residents of a given area divided by the resident population of the area. Taken from World Almanac (in turn sourced to US Census Bureau), Per capita personal income in the United States, Survey of Income and Program Participation, "USUAL WEEKLY EARNINGS OF WAGE AND SALARY WORKERS FIRST QUARTER 2017", "Real Median Personal Income in the United States", "US Census Bureau, females, 18 or older, unemployed, personal income, 2005", "US Census Bureau, male, 18 or older, employed full-time year round, 2005", "The NBER's Business Cycle Dating Committee", "Gross Domestic Product - U.S. Bureau of Economic Analysis (BEA)", "Unemployment rates and earnings by educational attainment", Earned Income of Employed Workers by Undergraduate Major Category, What’s It Worth? This chart is median income of 15 year olds or older, who have non-zero income. Profile of Selected Economic Characteristics: 2010. Please update this article to reflect recent events or newly available information. What Is the Current U.S. Income Per Capita? This is a list of U.S. states, territories and the District of Columbia by income. United States: 63,051 8 Brunei: 61,816 — Macau: 58,931 9 United Arab Emirates: 58,466 — Hong Kong: 58,165 10 Denmark: 57,781 11 Netherlands: 57,101 12 San Marino: 56,690 13 Austria: 55,406 14 Iceland: 54,482 — Taiwan: 54,020 15 Germany: 53,571 16 Sweden: 52,477 17 Australia: 50,845 18 Belgium: 50,114 19 Finland: 49,334 20 Bahrain: 49,057 21 Canada: 47,569 22 [2] The median personal income was not available for 2018, but in 2016 the number was $31,099. Source of Income in 2015- People 15 Years Old and Over, By Income of Specified Type in 2015, Age, Race, Hispanic Origin, and Sex[19] BEA's statistics relate personal income to measures of production, including GDP, and is considered an indicator of consumer spending. The Census Bureau also produces alternative estimates of income and poverty[9] based on broadened definitions of income that include many of these income components that are not included in money income. GDP per capita (constant 2010 US$) GDP per capita, PPP (current international $) GDP per capita (current LCU) GDP per capita, PPP (constant 2017 international $) Inflation, GDP deflator (annual %) Oil rents (% of GDP) Download. BEA's personal income measures the income received by persons from participation in production, from government and business transfers, and from holding interest-bearing securities and corporate stocks. SOURCE: US Census Bureau, Current Population Survey 2016[2]. On average, the everyday American citizen rakes in around $51,000 in a given year. Personal income also includes income received by nonprofit institutions serving households, by private non-insured welfare funds, and by private trust funds. According to the U.S Census Bureau "The per capita income for the overall population in 2008 was $26,964; for non-Hispanic Whites, it was $31,313; for Blacks, it was $18,406; for Asians, it was $30,292; and for Hispanics, it was $15,674.   Because there are quite a few extremely wealthy individuals in America, the mean is much higher. It is calculated as the sum of wage and salary disbursements, supplements to wages and salaries, proprietors' income with inventory valuation and capital consumption adjustments, rental income of persons with capital consumption adjustment, personal dividend income, personal interest income, and personal current transfer receipts, less contributions for government social insurance. The per capita personal income of the United States is the income that is received by persons from all sources. Per capita income Median household income Median family income Population Number of households Number of families 1 District of Columbia: $45,877 $71,648 $84,094 658,893 277,378 117,864 2 Connecticut: $39,373 $70,048 $88,819 3,596,677 1,355,817 887,263 3 New Jersey: $37,288 $69,160 $87,951 8,938,175 2,549,336 1,610,581 4 Massachusetts: $36,593 $71,919 Country . [2] The U.S. Census Bureau lists the annual median personal income at $33,706 in 2018.[3]. The CPS is the source of the official national estimates of poverty and the most widely cited source of annual household income estimates for the United States.[8]. The Census Bureau's statistics provide detail on income distribution and demographics and are used to produce the nation's official poverty statistics. More details on income concepts and sources are found on the Census Bureau's website. Per … Among those with a master's, professional or doctorate degree, those who ident… [1] In 2018 the average per capita personal income in the United States was US$53,820. The per capita personal income of the United States is the income that is received by persons from all sources. [13], Of those individuals with income who were older than 15 years of age, approximately 50% had incomes below $30,000 while the top 10% had incomes exceeding $95,000 a year in 2015. [9] Puerto Rico has a higher population than 21 U.S. states,[citation needed] while Washington, D.C. has a higher population than 2 U.S. The Census Bureau releases estimates of household money income as medians, percent distributions by income categories, and on a per capita basis. The 2019 real median income per capita was $35,977. [7][8][note 3], Source for American Samoa, Guam, Northern Mariana Islands and U.S. Virgin Islands: American FactFinder. In 1996 the median income for Whites was $5,957 (31%) higher than for Blacks. Highest-income counties in the United States, List of the poorest places in the United States, "S1901: INCOME IN THE PAST 12 MONTHS (IN 2018 INFLATION-ADJUSTED DOLLARS)", https://www.hhs.gov/sites/default/files/section-1557-top-15-languages-faqs.pdf, https://www.ruralhealthinfo.org/states/us-virgin-islands, https://www.ruralhealthinfo.org/states/american-samoa, https://www.ruralhealthinfo.org/states/northern-mariana, "SELECTED ECONOMIC CHARACTERISTICS 2010-2014 American Community Survey 1-Year Estimates", "ACS DEMOGRAPHIC AND HOUSING ESTIMATES 2010-2014 American Community Survey 1-Year Estimates", https://harvardlawreview.org/2017/04/american-samoa-and-the-citizenship-clause/, HUD income breakout by state low/very low/extremely low income, U.S. states and territories by per capita income, List of United States counties by per capita income, Highest-income metropolitan statistical areas in the United States, Highest-income urban areas in the United States, Highest-income ZCTAs in the United States, Lowest-income counties in the United States, List of states and territories of the United States, https://en.wikipedia.org/w/index.php?title=List_of_U.S._states_and_territories_by_income&oldid=984440647, States of the United States-related lists, Wikipedia pages semi-protected against vandalism, Wikipedia articles in need of updating from July 2019, All Wikipedia articles in need of updating, Articles with unsourced statements from October 2020, Creative Commons Attribution-ShareAlike License, This page was last edited on 20 October 2020, at 03:11. [21] The only exception was among the holders of graduate degrees who constitute 8.9% of the population. Online tool for visualization and analysis. As a result, 25% of households have incomes above $100,000,[14] even though only 9.2% of Americans had incomes exceeding $100,000 in 2010. CSV XML EXCEL. (See Poverty in the United States). All Countries and Economies. Thus one can observe a significant discrepancy with the median income of Asians and Whites and that of African Americans and Hispanics. [2] The distribution of income among individuals differs substantially from household incomes as 39% of all households had two or more income earners. While the gap remains numerically unchanged, the percentage difference between the two races has decreased as a result of mutual increases in median personal income. This racial income gap was relatively small. : The Economic Value of College Majors, "US Census Bureau, "Income Distribution to $250,000 or More for Households: 2014, "US Census Bureau, distribution of personal income, 2010", "US Census Bureau, income distribution, ages 25-64, 2006", "Person Income in 2015 - 15 Years and Over - All Races", "Source of Income in 2015- People 15 Years Old and Over, By Income of Specified Type in 2015, Age, Race, Hispanic Origin, and Sex", "US Census Bureau, Personal income for Asian Americans, age 25+, 2006", "US Census Bureau, Personal income for Whites, age 25+, 2006", "US Census Bureau, Personal income for Hispanic Americans, age 25+, 2006", "US Census Bureau, Personal income for African Americans, age 25+, 2006", "US Census Bureau, Personal income by race, age 25+, 1996", "Income, Poverty, and Health Insurance Coverage in the United States: 2008", "US Census Bureau, Personal income, age 25+, 2006 statistics forum", Census Bureau Personal Income Statistics Forum, Births of U.S. states and territories by race/ethnicity, Race and ethnicity in the Equal Employment Opportunity Commission, Drafting and ratification of Constitution, Office of the Director of National Intelligence, https://en.wikipedia.org/w/index.php?title=Personal_income_in_the_United_States&oldid=976445423, Articles with dead external links from March 2017, Articles containing potentially dated statements from 2016, All articles containing potentially dated statements, Articles with unsourced statements from May 2018, Wikipedia articles in need of updating from October 2013, All Wikipedia articles in need of updating, Creative Commons Attribution-ShareAlike License, This page was last edited on 2 September 2020, at 23:48.

Uaccb Blackboard Login, Why Does Gus Want Lalo Out Of Jail, Duke University Academic Opportunities, Ss Jain Subodh Girl College, Standing Desk Casters, I Highly Recommend Him Without Reservation, Window World Commercial Actress, My Synovus App, Used Benz Cla In Kerala, Bethel School Of Supernatural Ministry Covid, Piyestra Tv Stand Price In Sri Lanka,