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Virginia also has the fourth highest percentage of graduate or professional degree holders in the country.
Median income per state. The same information was used to find each state s median household income. Government jobs in northern virginia are among the highest paying in the state. That makes median income a much more accurate assessment of what the average american is. 46 100 74 016 6 new york.
All data was collected on and is up to date as of may 29 2020. Bureau of economic analysis that shows how much a certain amount of cash will buy you in a given place. We also have aggregated research on household. Income is pre tax gross income earned between january and december 2019.
This section needs to be updated. Then we adjusted those figures based on each state s 2015 regional price parity a calculation by the u s. Rank state or territory per capita income median household income median family. Virginia s median household income is 71 564 likely attributed to its proximity to washington d c.
48 020 69 789 4 connecticut. The first state on the list with a median household income that doesn t reach the 50 000 mark arkansas has a low household income. We pulled average pay for each state based on 2015 median household income from the census bureau s american community survey. State personal income increased 34 2 percent at an annual rate in the second quarter of 2020 an acceleration from the 4 1 percent increases in the first quarter.
A state s median income is exactly halfway between what people earn on both sides of the wealth spectrum. 71 690 115 923 2 massachusetts. 48 680 76 437 3 alaska. States and territories by annual median wage 2018 in current dollars national rank state or territory median wage in us average earnings in us 1 district of columbia.
In this post you ll find household income by state and individual income by state statistics for the united states in 2020. States and territories ranked by per capita income. In order to determine each state s average income i e mean income gobankingrates used the five year estimates from the 2018 american community survey conducted by the u s. Also on the page is average income by state for households or individual workers plus the median income and top 1 income for the same divisions.
Personal income increased in every state and the district of columbia ranging from 15 3 percent in the district of columbia to 76 3 percent in massachusetts. Median household income by state 2013 2017. Please update this article to reflect recent events or newly available information.
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