Median Income by State 2024
- Thread starter VicBee
- Start date
It's really difficult in US data sources to corroborate median personal income; all are based on family income unlike Euro data that is always based on personal income and makes more sense.
"In calculating household income, the U.S. Census Bureau includes all pre-tax cash income of all individuals age 15 years or older belonging to a household, regardless of whether they are related to each other.". https://www.investopedia.com › h...
Percentage of Households Making Over 100k 2024
California 39.8%
https://worldpopulationreview.com › ...
2023 Per Capita Personal Income
Rank State PCPI ($)
California $80,423
https://www.statsamerica.org › sip
I don't know if this helps confirm or challenge Statista's data. California income, personal or household is pretty high.
And $114K for Alaska? In your dream.
I was thinking the same thing. How can Alaska be so rich??!! And looks like the Bible states are still the poorest in the country. I guess believe in God doesn't help much.
CA also has the highest poverty rate in the country when adjusted for cost of living. And you can readily see it in the drifting hordes of vagrants in DTLA, Oakland and the Tenderloin.
It looks to me like the graphic-makers meant to adjust the coastal states downward and
the flyovers upward to account for the astronomical CoL in the former, but instead they did the opposite.
Thanks to Wikipedia:
Overall, out of Americans for whom the Census Bureau was able to determine poverty status, 42.31 million lived below the poverty line (or 13.15% of the total population).
Poverty rates were highest in the states of Mississippi (19.58%),
Louisiana (18.65%),
New Mexico (18.55%),
West Virginia (17.10%),
Kentucky (16.61%),
Arkansas (16.08%),
and they were lowest in the states of
New Hampshire (7.42%),
Maryland (9.02%),
Utah (9.13%),
Hawaii (9.26%).
Red states vs blue states? I don't see CA anywhere. Perhaps you haven't seen true poverty. Street vagrants are zombie drug addicts.
Census bureau supplemental poverty measure (right side of the table, which takes into account CoL):
https://www2.census.gov/programs-surveys/demo/tables/p60/280/tableB-5.xlsx
DC is highest followed by CA.
One can quibble about the methodology, that’s not the point. The point is that a graphic which purports to show “median income adjusted for cost of living” and has CA at almost twice the level of TX is nonsensical. CoL-adjusted differences in incomes by state should be lower, not higher than nominal differences.
FL has a lot of retirees living off low incomes. It would be nicer to know what is the median income of working people total and by demographics
%%
I SEE your points.
ACTUALLY believe it or not/ LOL, was doing a study on that in a book[2008 LOL]
a]From memory remembered NJ low tax rate paid off
b]EVEN if all the low or no state income tax rate states are not #1 like 'em anyway.
c] Counties are even more interesting,2006 - 2008
NY NY $93k, NJ Counties
Teton Co WY $89k
Some TX counties /great; TX counties along RIO Grande, not so grande
6]One elite trader must a have though with prayer he gets a key to FT KNOX
.LOL Try working 6 days a week + Dave ramesy budget.
777] Takes a lot more than any kind of mental belief or pro attitude
Why not? A MCD worker gets $20/hr and that sets the floor for wages.
If min wage in CA pays ~ $40K, not difficult to get the median @ $125K