Per capita personal income in the United States
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Per capita personal income in the United States was estimated for 2021 by the International Monetary Fund to be US $68,309. One of the most commonly used metrics for gauging economic performance and shifting fortunes of local economies is per capita income (PCI). It is measured as the amount of wage and compensation disbursements, other labor income, proprietors' income with inventory valuation and capital consumption adjustments, persons' rental income with capital consumption adjustments, personal dividend income, personal interest income, and transfer payments to persons, less personal social insurance contributions. The Per Capita Personal Income of the United States defines the personal income of a specific area, earned by or on behalf of all of the persons who live in the area. As a result, personal income figures are presented by the income recipients' place of residence. 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. The
Bureau of Economic Analysis The Bureau of Economic Analysis (BEA) of the United States Department of Commerce is a U.S. government agency that provides official economy of the United States, macroeconomic and industry statistics, most notably reports about the gross domestic ...
(BEA) uses the United States Census Bureau's annual midyear population projections to calculate per capita personal income for states and counties. Except for college students and other seasonal populations, which are counted on April 1, the population for all other groups is counted on July 1. On average, the United States' real per capita personal income grew at an annual rate of 2.27% over 1959-2020. The United States posted its highest growth in 1984 (5.53%) and posted its lowest growth in 2009 (-3.87%). In all states and the District of Columbia, an improvement in transfer receipts was the leading contributor to personal income growth in 2020. The percentage change in personal income ranged from 8.4 percent in Arizona and Montana to 2.4 percent in Wyoming across all states. All of which increased the per capital personal income in 2020 by 6.1 percent, following a previous increase of 3.9 percent in 2019. The combined increase of personal income throughout the United States totaled $1.1 trillion dollar. Over the period 1959-2020, the United States' actual per capita personal income increased at an annual rate of 2.27 percent on average. The United States experienced the highest growth rate (5.53 percent) in 1984 and the lowest growth rate in 2009. (-3.87 percent ).


See also

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Household income in the United States Household income is an economic standard that can be applied to one household, or aggregated across a large group such as a county, city, or the whole country. It is commonly used by the United States government and private institutions to ...
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Social class in the United States Social class in the United States refers to the idea of grouping Americans by some measure of social status, typically economic. However, it could also refer to social status or location. The idea that American society can be divided into socia ...
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Poverty in the United States In the United States, poverty has both social and political implications. In 2020, there were 37.2 million people in poverty. Some of the many causes include income inequality, inflation, unemployment, debt traps and poor education.Western, B ...
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Affluence in the United States Affluence refers to an individual's or household's economical and financial advantage in comparison to others. It may be assessed through either income or wealth. In absolute terms affluence is a relatively widespread phenomenon in the United ...
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Personal income in the United States Personal income is an individual's total earnings from wages, investment interest, and other sources. The Bureau of Labor Statistics reported a median weekly personal income of $1,037 for full-time workers in Q1 2022. For the year 2020, the U.S. ...
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List of U.S. cities by adjusted per capita personal income List of U.S. cities by adjusted per capita personal income estimates the per capita personal income (PCPI) of residents of United States' Metropolitan statistical areas (MSA). A MSA is defined as a central city or cities and their surrounding are ...
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List of U.S. states by adjusted per capita personal income List of states by adjusted per capita personal income estimates the per capita personal income of residents of U.S. states adjusted by differences in the cost of living, called "regional price parities" by the U.S. Bureau of Economic Analysis. Th ...


References

Income in the United States {{econ-stub