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Per Capita Income by State 2022

Per capita income (PCI), or average income, measures the amount of income earned per person in a nation or geographic region. It is calculated by dividing the region's income by its population. PCI includes every adult and child, even newborn babies, as a member of the population. This differs from other economic measures, such as median household income, which counts every person living in one home as a household.

Per capita income can be used to evaluate the standard of living and quality of life of a population. Several factors affect income levels in a population. Generally, the richest states have the most educated populations. Higher educational attainment leads to higher-paying jobs and overall wealth. Additionally, overall economic well-being significantly affects per capita income. In 2019, the per capita income was $56,663.

Per Capita Income by State

States with 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). 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. Additionally, several of these states are among the nation's ten most educated states: D.C., Connecticut, Massachusetts, New Jersey, Maryland, Washington, and New Hampshire.

States with the Lowest Per Capita Income

The following ten states have the lowest PCI, in ascending order: Mississippi ($39,368), West Virignia ($42,336), Alabama ($43,984), Kentucky ($44,017), Arkansas ($44,845), South Carolina ($45,314), Idaho ($45,642), Arizona ($46,233), and North Carolina ($47,803). Mississippi has the lowest PCI of $39,368. Unfortunately, Mississippi also has the nation's highest poverty rate of 19.6%. New Mexico, Kentucky, and Arkansas are also among the five states with the highest poverty rates, with 18.2%, 16.3%, and 16.2%. Of the states with the lowest per capita income, the top seven states are also among the ten states considered to be the least educated. This is according to WalletHub's analysis. The three states not included in this are Idaho, Arizona, and North Carolina, although these states did not score well either.

Here are the 10 states with the highest average income:

  1. New Jersey ($114,691)
  2. Connecticut ($113,031)
  3. Massachusetts ($111,498)
  4. Maryland ($111,417)
  5. California ($106,916)
  6. Hawaii ($103,780)
  7. New York ($101,945)
  8. Virginia ($101,746)
  9. New Hampshire ($99,165)
  10. Washington ($98,983)

Per Capita Income by State 2022

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Per Capita Income by State 2022

State Mean Household Income Per Capita Income
New Jersey$114,691$42,745
Connecticut$113,031$44,496
Massachusetts$111,498$43,761
Maryland$111,417$42,122
California$106,916$36,955
Hawaii$103,780$35,567
New York$101,945$39,326
Virginia$101,746$39,278
New Hampshire$99,165$40,003
Washington$98,983$38,915
Alaska$98,606$36,787
Colorado$96,970$38,226
Minnesota$93,925$37,625
Illinois$92,395$36,038
Utah$91,292$29,775
Delaware$90,092$35,450
Rhode Island$89,093$36,121
Texas$87,260$31,277
North Dakota$85,476$36,062
Pennsylvania$84,849$34,352
Oregon$84,258$33,763
Georgia$82,406$31,067
Wyoming$81,880$33,366
Nevada$81,496$31,557
Vermont$81,233$34,577
Arizona$80,779$30,694
Wisconsin$80,674$33,375
Florida$80,286$31,619
Nebraska$80,208$32,302
Kansas$80,009$31,814
Iowa$78,411$32,176
Michigan$78,400$31,713
Ohio$76,958$31,552
North Carolina$76,940$30,783
South Dakota$76,240$30,773
Maine$76,227$32,637
Missouri$76,060$30,810
Indiana$75,025$29,777
Tennessee$74,750$29,859
Montana$74,190$31,151
Idaho$73,810$27,970
South Carolina$73,520$29,426
Oklahoma$72,695$28,422
Louisiana$71,001$27,923
Kentucky$70,144$28,178
Alabama$69,842$27,928
New Mexico$69,077$27,230
Arkansas$66,557$26,577
West Virginia$63,680$26,480
Mississippi$62,835$24,369

Per Capita Income by State 2022

Sources