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Per Capita Income By State 2021

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:

  1. District of Columbia - $84,538
  2. Connecticut - $79,087
  3. Massachusetts - $74,967
  4. New York - $71,440
  5. New Jersey - $70,979
  6. California - $66,661
  7. Maryland - $65,683
  8. Washington - $64,898
  9. New Hampshire - $63,880
  10. 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:

  1. Mississippi - $39,368
  2. West Virginia - $42,336
  3. Alabama - $43,880
  4. New Mexico - $43,984
  5. Kentucky - $44,017
  6. Arkansas - $44,845
  7. South Carolina - $45,314
  8. Idaho - $45,642
  9. Arizona - $46,233
  10. 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 2021

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Per Capita Income By State 2021

State Mean Household Income
New Jersey$114,691
Connecticut$113,031
Massachusetts$111,498
Maryland$111,417
California$106,916
Hawaii$103,780
New York$101,945
Virginia$101,746
New Hampshire$99,165
Washington$98,983
Alaska$98,606
Colorado$96,970
Minnesota$93,925
Illinois$92,395
Utah$91,292
Delaware$90,092
Rhode Island$89,093
Texas$87,260
North Dakota$85,476
Pennsylvania$84,849
Oregon$84,258
Georgia$82,406
Wyoming$81,880
Nevada$81,496
Vermont$81,233
Arizona$80,779
Wisconsin$80,674
Florida$80,286
Nebraska$80,208
Kansas$80,009
Iowa$78,411
Michigan$78,400
Ohio$76,958
North Carolina$76,940
South Dakota$76,240
Maine$76,227
Missouri$76,060
Indiana$75,025
Tennessee$74,750
Montana$74,190
Idaho$73,810
South Carolina$73,520
Oklahoma$72,695
Louisiana$71,001
Kentucky$70,144
Alabama$69,842
New Mexico$69,077
Arkansas$66,557
West Virginia$63,680
Mississippi$62,835

Per Capita Income By State 2021