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US Per Capita Personal Income by State
Shows info through 2009, as 2010 is still in progress.
Check your state, and see where you rank. These are individual numbers - not household income totals... http://www.infoplease.com/ipa/A0104652.html Source: U.S. Department of Commerce, Bureau of Economic Analysis, Survey of Current Business. Web: http://www.bea.gov/newsreleases/relsarchivespi.htm |
Numbers show that income tripled from 1980 to 2009.
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9,494 > 39,138 |
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interesting....
Cali: 42,325 Hawaii: 42,009 always figured they were fairly even. |
Holy cow DC skews the results a bit with 66k a year!
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66k for DC is pretty high... you need a pretty decent job to earn that much...
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wtf do people do in Rhode Island ? $41,003
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Meet the employers: http://www.newyorker.com/reporting/2...urrentPage=all |
Should be interesting to see of the figures continue to rise in the 2010 update
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look at the bible states, Missippi & Utah :1orglaugh
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.:2 cents: |
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I am surprised that Kentucky comes in just under $32K
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http://www.nydailynews.com/lifestyle...n_states_.html Proving once again, that money does not necessarily buy happiness. |
Here is something that should trouble us all. If the nationwide average income according to that chart is 39K that means a person making that would bring home around $2400 per month after taxes (based on a 25% tax rate which includes federal, state and social security taxes). The average home cost 183K. So if the average person managed to put down 20% on the average home and had a mortgage of 5.5% and a property tax rate of 1.5% their monthly payment is about $1050 or about 44% of their income.
When you do the same math for 1970 you see that the average home cost about 23K the average annual income was 9.3K. So using the same numbers as above the average person buying the average home would only spend about 28% of their monthly income on their homes. I have said all along that prices and credit have been the downfall of the middle class and I think this kind of shows what I have meant. It is quickly getting to the point where the average wage earner in this country can no longer afford the average house. Of course they still buy the average house, then they just use credit to pay for everything else and dig themselves into deep deep debt. |
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Adjusting for inflation, the numbers aren't so hot, but not totally bad either.
However, a bigger issue not addressed in such statistics, even when measuring by per capita, is HOW MANY JOBS / HOURS did one work in 1980 verses 2009? Many people back in 1980 worked 1 job at around 40 max hours per week, and often with decent benefits... Contrast that to today in which many work more than 1 job and working 50-60 hours is common plus must pay a lot out of pocket for things that were once employer subsidized (ie. health benefits). When viewed in that context, the per capita income stats are far worse than they appear. Ron |
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What is the average if you exclude the top 1-3% richer ones from the stats?
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Nevada was the only state to decline from 2006 to 2009 ... - $400
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