About: List of U.S. states by adjusted per capita personal income

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List of states by adjusted per capita personal income estimates the per capita personal income of residents of U.S. states adjusted by differences in the cost of living, called "regional price parities" by the U.S. Bureau of Economic Analysis. The BEA defines regional price parities as an estimate of "the differences in price levels across states and metropolitan areas for a given year and are expressed as a percentage of the overall national price level." The BEA defines personal income as follows:

Attributes	Values
rdfs:label	List of U.S. states by adjusted per capita personal income (en)
rdfs:comment	List of states by adjusted per capita personal income estimates the per capita personal income of residents of U.S. states adjusted by differences in the cost of living, called "regional price parities" by the U.S. Bureau of Economic Analysis. The BEA defines regional price parities as an estimate of "the differences in price levels across states and metropolitan areas for a given year and are expressed as a percentage of the overall national price level." The BEA defines personal income as follows: (en)
dcterms:subject	Economy of the United States-related lists Income distribution Gross domestic product States of the United States-related lists United States demography-related lists Lists of states of the United States
Wikipage page ID	66497452 (xsd:integer)
Wikipage revision ID	1075678095 (xsd:integer)
Link from a Wikipage to another Wikipage	California Delaware Pennsylvania Rhode Island Utah Vermont Virginia Colorado Connecticut Maryland Massachusetts Georgia (U.S. state) Minnesota Mississippi Missouri Montana Louisiana Maine Economy of the United States-related lists Income distribution Per capita income Bureau of Economic Analysis Gross domestic product Washington (state) Welfare West Virginia Wisconsin Alabama Alaska Florida North Carolina North Dakota Hawaii Iowa Tennessee Texas Arizona Arkansas States of the United States-related lists Kansas Kentucky Transfer payment District of Columbia South Carolina South Dakota United States demography-related lists Idaho Illinois Indiana Michigan Nebraska Nevada New Hampshire New Jersey New Mexico New York (state) Ohio Oklahoma Oregon Wyoming Social Security (United States) Supplemental Nutrition Assistance Program Lists of states of the United States Per capita personal income in the United States Veteran's benefits Farm subsidies Census Bureau
sameAs	List of U.S. states by adjusted per capita personal income List of U.S. states by adjusted per capita personal income
dbp:wikiPageUsesTemplate	dbt:Reflist dbt:Short_description
has abstract	List of states by adjusted per capita personal income estimates the per capita personal income of residents of U.S. states adjusted by differences in the cost of living, called "regional price parities" by the U.S. Bureau of Economic Analysis. The BEA defines regional price parities as an estimate of "the differences in price levels across states and metropolitan areas for a given year and are expressed as a percentage of the overall national price level." The BEA defines personal income as follows: Personal income is the income received by, or on behalf of, all persons from all sources: from participation as laborers in production, from owning a home or business, from the ownership of financial assets, and from government and business in the form of transfers. It includes income from domestic sources as well as the rest of world. It does not include realized or unrealized capital gains or losses.Personal income is estimated before the deduction of personal income taxes and other personal taxes and is reported in current dollars (no adjustment is made for price changes). Per Capita Personal Income (PCPI) is a more inclusive estimate of the average standard of living of citizens and residents in the U.S. than measures of per capita income. PCPI "includes wages, benefits, proprietor income, dividends, interest, rent, and transfer payments" such as Social Security, veteran's benefits, farm subsidies, welfare, and food stamps. The differences in estimates of per capita income and per capita personal income is large. In 2019, the U.S. Census Bureau calculated a per capita income of the United States as 34,103 dollars. The U.S. Bureau of Economic Analysis calculated the PCPI as 56,490 dollars. A more valid accounting of the differences in the standard of living of American citizens in different states requires recognition that prices vary from state to state and community to community. In general, a dollar has more purchasing power in the poorer states than it does in the richer states. The difference in housing costs from state to state is especially important. The Bureau of Economic Analysis has calculated that the regional price parity of U.S. states ranges from 84.4 in Mississippi (the cheapest state in which to live) to Hawaii at 119.3 (the most expensive state). In other words, an income of $0.84 in Mississippi equals an income of $1.19 in Hawaii with the U.S as a whole having an average PCPI of $1.00. To put it another way, the purchasing power of a dollar is $1.18 in Mississippi and $0.84 in Hawaii. The net impact of accounting for differences in the purchasing power of a dollar in different states is to narrow the gap in the standard of living between rich and poor states. (en)
prov:wasDerivedFrom	wikipedia-en:List_of_U.S._states_by_adjusted_per_capita_personal_income?oldid=1075678095&ns=0
page length (characters) of wiki page	8914 (xsd:nonNegativeInteger)
foaf:isPrimaryTopicOf	wikipedia-en:List_of_U.S._states_by_adjusted_per_capita_personal_income
is Link from a Wikipage to another Wikipage of	List of states by adjusted per capita personal income Per capita income Gross national income Cost of living Per capita personal income in the United States
is Wikipage redirect of	List of states by adjusted per capita personal income
is foaf:primaryTopic of	wikipedia-en:List_of_U.S._states_by_adjusted_per_capita_personal_income

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