Money — 8 months ago

Average Salaries in the USA: Where Does Your State Stand?

by Perry H.

Average Salary in US, Average Income in USA, Income Salaries USA

What are the Average Salaries in the USA Per State?

Ever since the currency replaced the barter system, money has become the central characteristic used to measure the state of living, development, and prosperity in an economy. Money can buy almost everything from necessities to luxuries and propel a nation to develop technologies that would benefit society as a whole.

We constantly hear about the fluctuating currency rates that propel or topple economies across the world. However, it is not the sole unit used to calculate how well a nation is doing. Other ways to understand the standard of living of a location is to observe the median household income and the per capita income.

Median household income

The median household income for all states of the United States combined is $ 57,617 as per the 2012 to 2016 estimates by the US Census Bureau. In 2015, the estimated median household income in the US was at $ 56,277, which means there has been a 2.4 percent increase over the year (this is taking into account a 0.27 percent margin for error).

Average Salary in US

According to the latest estimates, Alaska, Hawaii, Washington, California, Utah, Colorado, North Dakota, Minnesota, Illinois, Virginia, New York, Delaware, Maryland, Washington DC, Connecticut, Rhode Island, Massachusetts and New Hampshire are among the highest earning states in the nation with their median household income above $ 60,000. Among the lowest earning states in the country are Arkansas, West Virginia and Mississippi with a median household income below $ 45,000.

 

Per capita income

Another basic factor taken into account when checking on society’s development is the income of individuals. Although it is not a perfect measure, the average income of a region can determine the standard of living there.

Average income is also known as per capita income which basically means the average amount earned per person in a region in the span of a year. It can be measured by dividing the total earnings of the region by the population. It takes into account every man, woman, and child living in a particular grouping including those who live in group quarters. The measure is then rounded to the nearest whole dollar.

The US has fifty states in all, and among the best ways to understand the economic development in the region is to take into account the per capita income of each state. The United States Census Bureau last calculated the per capita income of each region in its 2012 to 2016 estimates released this data in 2016.

To do so, it took a sample of more than 3.5 million households across the country and, over a period of 12 months, interviewed each household in order to collect the details. It must be understood that all data collected by the Bureau is subject to errors both in the sampling and the non-sampling perspective. 

Average Income in USA

The following are the per capita income per state for all states as noted by the US Census Bureau in 2016:

  • Alabama: $ 24,736
  • Alaska: $ 24,736
  • Arizona: $ 26,686
  • Arkansas: $ 23,401
  • California: $ 31,458
  • Colorado: $ 33,230
  • Connecticut: $ 39,906
  • Delaware: $ 31,118
  • Florida: $ 27,598
  • Georgia: $ 26,678
  • Hawaii: $ 30,970
  • Idaho: $ 24,280
  • Illinois: $ 31,502
  • Indiana: $ 26,117
  • Iowa: $ 28,872
  • Kansas: $ 28,478
  • Kentucky: $ 24,802
  • Louisiana: $ 25,515
  • Maine: $ 28,473
  • Maryland: $ 37,756
  • Massachusetts: $ 38,069
  • Michigan: $ 27,549
  • Minnesota: $ 33,225
  • Mississippi: $ 21,651
  • Missouri: $ 27,044
Median Income US
  • Montana: $ 27,309
  • Nebraska: $ 28,596
  • Nevada: $ 27,253
  • New Hampshire: $ 35,264
  • New Jersey: $ 37,538
  • New Mexico: $ 24,459
  • New York: $ 34,212
  • North Carolina: $ 26,779
  • North Dakota: $ 33,107
  • Ohio: $ 27,800
  • Oklahoma: $ 25,628
  • Oregon: $ 28,822
  • Pennsylvania: $ 30,137
  • Rhode Island: $ 31,904
  • South Carolina: $ 25,521
  • South Dakota: $ 27,516
  • Tennessee: $ 26,019
  • Texas: $ 27,828
  • Utah: $ 25,600
  • Vermont: $ 30,663
  • Virginia: $ 34,967
  • Washington: $ 32,999
  • West Virginia: $ 24,002
  • Wisconsin: $ 29,253
  • Wyoming: $ 30,139

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