What is the average income in the USA?

Question

Can anybody tell me what the average income is in the usa?

Answer 1

Per capita personal income (dollars) Rank in the U.S. Percent of the U.S. average Percent change 2004-2005 Rank of percent change
2004r 2005p 2004r 2005p 2004r 2005p
United States 33050 34586 -- -- 100 100 4.6 --

Connecticut 45318 47819 1 1 137 138 5.5 14
Massachusetts 42176 44289 2 2 128 128 5 24
New Jersey 41626 43771 3 3 126 127 5.2 21
Maryland 39631 41760 4 4 120 121 5.4 17
New York 38264 40507 5 5 116 117 5.9 7
New Hampshire 36616 38408 6 6 111 111 4.9 25
Virginia 36160 38390 8 7 109 111 6.2 5
Colorado 36113 37946 9 8 109 110 5.1 22
Minnesota 36184 37373 7 9 109 108 3.3 46
Delaware 35728 37065 10 10 108 107 3.7 44


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Home > News > News Release Archive > 2006 > News Release: State Personal Income

News Release: State Personal Income 2005
Available for this release: Full Release: PDF (360 kb), Tables: XLS (87 kb), Highlights: PDF (115 kb)



EMBARGOED FOR RELEASE: 8:30 A.M. ET, Tuesday, March 28, 2006 David G. Lenze (202) 606–9292
Kathy Albetski (202) 606–9240 BEA 06—10
E–mail inquiries: [e-mail]




State Personal Income 2005

Per capita personal income grew 4.6 percent in 2005, slightly less than the 5.0 percent growth in 2004 according to estimates released today by the U.S. Bureau of Economic Analysis. Growth rates in most states were tightly clustered about the national average; however, Louisiana's 9.1 percent decline was notably slower while Wyoming's 7.3 percent increase was notably higher.

The decline in Louisiana was a consequence of Hurricanes Katrina and Rita. Personal income was reduced $26.8 billion to reflect uninsured losses of residential and business fixed assets owned by households and was raised $8.5 billion to reflect net insurance settlements associated with the hurricanes In addition net earnings fell $1.6 billion or 1.9 percent.

Wyoming's strong performance is attributable to its mining industry. That industry contributed more than two percentage points to earnings growth. Wyoming not only grew rapidly last year, its per capita personal income increased faster than every other state from 2001 to 2005.

Among regions, the Great Lakes had the slowest growth in 2005. The weakness reflects difficulties in the durable manufacturing sector, especially motor vehicles and parts. After declining 3.4 percent in 2004 durable manufacturing earnings grew only 0.8 percent last year, substantially less than they increased in every other region.


In contrast, the strength of the Southwest is largely attributable to its durable manufacturing (particularly machinery and computers) and mining sectors. Not only did this region gain population at twice the national rate, it also had the largest percentage increase in per capita income as well.


Personal income growth rankings. The state personal income growth rankings reflect very definite regional patterns (see map). The Great Lakes Region is the weakest; most of the slowest growing states in the country are located there and in the adjacent Plains region. In contrast, the Rocky Mountain and Southwest Regions comprise most of the country's fastest growing states.

Per capita income rankings. Connecticut led the nation with a per capita income of $47,819, 38 percent above the national average. The top ten states with the highest per capita income in 2005 were all ranked in the top ten last year, although some of the states traded places.

Louisiana's per capita income of $24,820, 28 percent below the national average, put it in last place. It should be noted, however, that state per capita income is calculated using population as of July 1, 2005. Several hundred thousand people left Louisiana in the aftermath of Hurricane Katrina so that per capita income computed using end of year population would be about 7 percent higher.

The bottom ten states, with the exception of Alabama, were all ranked in the bottom ten last year. Last year Alabama was eleventh from last and Montana was tenth from last.



States with the highest per capita income, 2005 r revised p preliminary Source: U.S. Bureau of Economic Analysis
Per capita personal income (dollars) Rank in the U.S. Percent of the U.S. average Percent change 2004-2005 Rank of percent change
2004r 2005p 2004r 2005p 2004r 2005p
United States 33050 34586 -- -- 100 100 4.6 --

Connecticut 45318 47819 1 1 137 138 5.5 14
Massachusetts 42176 44289 2 2 128 128 5 24
New Jersey 41626 43771 3 3 126 127 5.2 21
Maryland 39631 41760 4 4 120 121 5.4 17
New York 38264 40507 5 5 116 117 5.9 7
New Hampshire 36616 38408 6 6 111 111 4.9 25
Virginia 36160 38390 8 7 109 111 6.2 5
Colorado 36113 37946 9 8 109 110 5.1 22
Minnesota 36184 37373 7 9 109 108 3.3 46
Delaware 35728 37065 10 10 108 107 3.7 44

States with the lowest per capita income, 2005 r revised p preliminary Source: U.S. Bureau of Economic Analysis
Per capita personal income (dollars) Rank in the U.S. Percent of the U.S. average Percent change 2004-2005 Rank of percent change
2004r 2005p 2004r 2005p 2004r 2005p
United States 33050 34586 -- -- 100 100 4.6 --

Alabama 27695 29136 40 41 84 84 5.2 19
Kentucky 27265 28513 43 42 82 82 4.6 32
South Carolina 27185 28352 44 43 82 82 4.3 35
Idaho 26877 28158 45 44 81 81 4.8 27
Utah 26603 28061 46 45 80 81 5.5 16
New Mexico 26184 27644 47 46 79 80 5.6 12
West Virginia 25792 27215 49 47 78 79 5.5 15
Arkansas 25814 26874 48 48 78 78 4.1 39
Mississippi 24518 25318 50 49 74 73 3.3 47
Louisiana 27297 24820 42 50 83 72 -9.1 50

Answer 2

Actually there is no average income here in the US. You can check the department of labor statistics to find out what the income of the average American house hold is. However it also depends on what you want to do.

Answer 3

not much cause we are in debt trillions od $$$ asctually, if every person was in debt, we would each owe about $16 000 each!!!

Answer 4

Not enough, we are starving here.

Answer 5

not what it should be

Answer 6

not enough ?