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Sunday, October 1, 2023

Per Capita Personal Income by State, Annual 

Per Capita Personal Income in the United States
The following table shows the per capita personal income in the United States for the top 15 states in 2023, in dollars:




StatePer Capita Personal Income
Massachusetts84,561
New Jersey77,199
California77,036
Colorado75,722
New York75,407
Washington75,332
Maryland70,228
Virginia68,985
Illinois67,655
Florida64,806
Pennsylvania64,506
Texas62,586
Arizona58,442
North Carolina58,109
Ohio57,777
Michigan57,038


Last Percent Changes in Per Capita Personal Income
The following table shows the last percent changes in per capita personal income for the top 15 states in 2023:


StateLast Percent Change
Colorado5.28%
Arizona3.58%
Texas3.37%
Virginia3.21%
Florida2.74%
North Carolina2.48%
Maryland1.70%
Washington1.54%
New Jersey1.47%
Massachusetts1.32%
Ohio1.32%
Michigan0.77%
Pennsylvania0.72%
Georgia0.72%
Illinois0.56%
California0.06%
New York-0.71%


Analysis
The states with the highest per capita personal income in the United States are generally located in the Northeast and West Coast regions. These states are home to major financial, technology, and education centers.
The states with the highest last percent changes in per capita personal income are located in the Mountain West and South regions. These states are experiencing rapid population growth and economic development.
It is important to note that per capita personal income is just one measure of economic well-being. Other factors, such as the cost of living and the distribution of income, also play a role in determining people's quality of life.
https://fred.stlouisfed.org/release/tables?rid=110&eid=257197
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