Per capita personal income in the United States in the context of "Sussex County, New Jersey"

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⭐ Core Definition: Per capita personal income in the United States

As per United States Census Bureau 2022 data, the median per capita income in the United States is $37,683, while median household income is around $69,021.

One of the most commonly used metrics for gauging the economic performance and shifting fortunes of local economies is per capita income (PCI). It is measured as the amount of wage and compensation disbursements, other labor income, proprietors' income with inventory valuation and capital consumption adjustments, persons' rental income with capital consumption adjustments, personal dividend income, personal interest income, and transfer payments to persons, less personal social insurance contributions. The Per Capita Personal Income of the United States defines the personal income of a specific area, earned by or on behalf of all of the persons who live in the area. As a result, personal income figures are presented by the income recipients' place of residence. This measure of income is calculated as the personal income of the residents of a given area divided by the resident population of the area. The Bureau of Economic Analysis (BEA) uses the United States Census Bureau's annual midyear population projections to calculate per capita personal income for states and counties. Except for college students and other seasonal populations, which are counted on April 1, the population for all other groups is counted on July 1.

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👉 Per capita personal income in the United States in the context of Sussex County, New Jersey

Sussex County (/ˈsʌsɪks/) is the northernmost county in the U.S. state of New Jersey. Its county seat is Newton. It is part of the New York metropolitan area and is part of New Jersey's Skylands Region. As of the 2020 census, the county was the state's 17th-most-populous county, with a population of 144,221, a decrease of 5,044 (−3.4%) from the 2010 census count of 149,265, which in turn reflected an increase of 5,099 (+3.5%) over the 144,166 persons at the 2000 census. Based on 2020 census data, Vernon Township was the county's largest in both population and area, with a population of 22,358 and covering an area of 70.59 square miles (182.8 km). The county is part of the North Jersey region of the state.

In 2015, the county had a per capita personal income of $55,497, the ninth-highest in New Jersey and ranked 220th of 3,113 counties in the United States. As of 2010 The Bureau of Economic Analysis ranked the county as having the 131st-highest per capita income ($49,207) of the 3,113 counties in the United States (and the ninth-highest in the state).

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Per capita personal income in the United States in the context of Somerset County, New Jersey

Somerset County is a county located in the north-central part of the U.S. state of New Jersey. As of the 2020 census, the county was the state's 13th-most-populous county, with a population of 345,361, its highest decennial count ever and an increase of 21,917 (+6.8%) from the 2010 census count of 323,444. Somerset County constitutes part of the New York metropolitan area. Its county seat is Somerville. The most populous place in the county was Franklin Township, with 68,364 residents at the time of the 2020 census, while Hillsborough Township, with 55.00 square miles (142.4 km), covered the largest total area of any municipality. The county is part of the Central Jersey region of the state.

In 2015, Somerset County had a per capita personal income of $86,468, the second highest in New Jersey and ranked 25th of 3,113 counties in the United States. Somerset County, as of the 2000 Census, was the seventh wealthiest county in the United States by median household income at $76,933 (third in New Jersey behind Hunterdon County at $79,888 and Morris County at $77,340), fourth in median family income at $90,655 (second in New Jersey behind Hunterdon County at $91,050) and ranked seventh by per capita income at $37,970 (highest in New Jersey). The Bureau of Economic Analysis ranked the county as having the 11th-highest per capita income of all 3,113 counties in the United States (and the highest in New Jersey) as of 2009. As of 2023, Somerset County had the highest GDP for counties with populations between 100,000 and 500,000 in America.

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Per capita personal income in the United States in the context of Hunterdon County

Hunterdon County is a county located in the western section of the U.S. state of New Jersey. At the 2020 census, the county was the state's 4th-least populous county, with a population of 128,947, an increase of 598 (+0.5%) from the 2010 census count of 128,349. Its county seat is Flemington. The county is part of the Central Jersey region of the state.

In 2015, the county had a per capita personal income of $80,759, the third-highest in New Jersey and ranked 33rd of 3,113 counties in the United States. The Bureau of Economic Analysis ranked the county as having the 19th-highest per capita income of all 3,113 counties in the United States (and the highest in New Jersey) as of 2009. In 2011, Hunterdon County had the second-lowest level of child poverty of any county in the United States.

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Per capita personal income in the United States in the context of Union County, New Jersey

Union County is a county in the northern-central part of the U.S. state of New Jersey. As of the 2020 United States census, the county was the state's seventh-most-populous county with a population of 575,345, its highest decennial count ever and an increase of 38,846 (+7.2%) from the 2010 census count of 536,499. Its county seat is Elizabeth, which is also the most populous municipality in the county, with a 2020 census population of 137,298, and the largest by area, covering 13.46 square miles (34.9 km). The county is part of the Central Jersey region of the state.

In 2015, the county had a per capita personal income of $60,089, the seventh-highest in New Jersey and ranked 152nd of 3,113 counties in the United States. The Bureau of Economic Analysis ranked the county as having the 119th-highest per capita income of all 3,113 counties in the United States (and the eighth-highest in New Jersey) in 2009. A study by Forbes.com determined that Union County residents pay the second-highest property taxes of all U.S. counties, based on 2007 data.

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Per capita personal income in the United States in the context of Economy of Minnesota

The economy of Minnesota produced US$472 billion of gross domestic product in 2023. Minnesota headquartered 15 Fortune 500 companies in 2023, the largest of which were UnitedHealth Group (5th) and Target (33rd). The per capita personal income in 2022 was $60,785, ranking ninth in the nation. The median household income in 2023 was $82,338.

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Per capita personal income in the United States in the context of Morris County, New Jersey

Morris County is a county located in the U.S. state of New Jersey, about 30 mi (48 km) west of New York City. According to the 2020 census, the county was the state's tenth-most populous county, with a population of 509,285, its highest decennial count ever and an increase of 17,009 (+3.5%) from the 2010 census count of 492,276, which in turn reflected an increase of 22,064 (+11.6%) from the 470,212 counted in the 2000 census. Morris County is part of the New York metropolitan area and is divided into 39 municipalities, with many commuter towns but no large cities. Its county seat is Morristown, in the southeast. The most populous place was Parsippany-Troy Hills, with 56,162 residents at the time of the 2020 census, while Rockaway Township covered 45.55 square miles (118.0 km), the largest total area of any municipality. The county is part of the North Jersey region of the state.

In 2021, the county had a per capita personal income of $61,915, the highest in New Jersey and ranked 16th of 3,113 counties in the United States. Morris County, as of the 2020 Census, was the fourteenth-wealthiest county in the United States by median household income at $117,298 (second in New Jersey behind Hunterdon County at $117,858).

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