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Here’s How Rich Georgia Residents Are Compared to the Nation

The United States is in a period of historic inflation. The consumer price index rose by 8.5% over the 12 months ending in March 2022, the fastest increase in over four decades. Though it is not keeping pace with inflation, income is also on the rise in the United States.

Personal income per capita in the United States increased by 7% in 2021, according to the Bureau of Economic Analysis. Based on the latest population data from the U.S. Census Bureau’s American Community Survey and annual income data from the Bureau of Labor Statistics, per capita income in the United States is $64,478.

It is important to note that income per capita includes not only wages and salaries, but also Social Security and other government benefits, dividends and interest, profits from business ownership, and other sources.

In Georgia, per capita income stands at $56,777, lower than the national figure and the 16th lowest among states.

According to the Bureau of Labor Statistics, workers with a bachelor’s degree earn about 65% more each week than those with no education beyond high school. Perhaps not surprisingly, states with higher than average income often also have better-educated populations, and Georgia is no exception. An estimated 32.2% of the state’s 25 and older population have a bachelor’s degree or higher, compared to 32.9% of all Americans in the same age group.

RankStatePer capita income in 2021 ($)Adults with a bachelor’s degree or higher (%)
1Massachusetts$83,81544.5
2Connecticut$82,88840.0
3New Jersey$78,01840.7
4New York$77,67237.5
5California$76,17634.7
6Washington$74,05436.7
7New Hampshire$73,79637.6
8Maryland$70,72940.9
9Colorado$70,55941.6
10Illinois$66,86035.5
11North Dakota$66,79830.7
12Alaska$66,74530.0
13Minnesota$66,74036.8
14Virginia$66,43039.5
15South Dakota$65,90129.3
16Wyoming$65,34028.2
17Pennsylvania$64,90132.3
18Rhode Island$64,15635.0
19Nebraska$63,38132.5
20Florida$62,37630.5
21Vermont$61,73439.7
22Oregon$61,69134.4
23Texas$61,53430.7
24Hawaii$61,30233.6
25Delaware$61,17932.7
26Nevada$60,41825.5
27Kansas$59,77133.9
28Wisconsin$59,46130.8
29Montana$58,94433.1
30Utah$58,67434.7
31Maine$58,49932.5
32Iowa$57,75229.3
33Indiana$57,06827.2
34Ohio$56,99028.9
35Georgia$56,77732.2
36Tennessee$56,51728.2
37Michigan$55,97930.0
38North Carolina$55,91732.0
39Idaho$55,67128.7
40Missouri$55,55629.9
41Arizona$55,07530.3
42Louisiana$53,96224.9
43Oklahoma$53,65826.1
44South Carolina$53,08829.0
45Arkansas$51,38623.8
46Kentucky$51,23825.0
47Alabama$50,06526.2
48New Mexico$49,76428.1
49West Virginia$47,17021.3
50Mississippi$44,95222.8

Samuel Stebbins, 24/7 Wall St. via The Center Square

The Georgia Virtue
Written By

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