By: Gabriela Aidan

According to data from the U.S. Census Bureau, the median household income in the United States in 2020 was $68,703. This is the income level at which half of households in the U.S. earn more and half earn less. Per capita income, on the other hand, is a measure of the average income earned by each person in a given population. In 2020, the per capita income in the United States was $32,569. This figure is calculated by dividing the total income of a population by the number of people in that population.

Which Country is No 1 in per Capita income?

The per capita income of a country is a measure of the average income earned by each person in that country. According to data from the World Bank, the country with the highest per capita income in 2021 is Luxembourg, which has a per capita income of $122,670. Other countries that rank highly in terms of per capita income include Switzerland, Norway, Iceland, and Ireland. It’s worth noting that per capita income can be affected by a number of factors, including the country’s economic system, the availability of natural resources, and the level of technological development.

Where does the US Rank in per Capita income?

According to data from the World Bank, the United States ranks 13th in terms of per capita income in 2021. The per capita income in the United States is $65,850, which is significantly lower than the top-ranked country, Luxembourg, which has a per capita income of $122,670. Other countries that rank highly in terms of per capita income include Switzerland, Norway, Iceland, and Ireland. It’s worth noting that per capita income can be affected by a number of factors, including the country’s economic system, the availability of natural resources, and the level of technological development.

Is the US a High income Country?

The United States is considered a high-income country, as defined by the World Bank. According to the World Bank, high-income countries are those with a per capita income of $12,536 or more in 2021. The per capita income in the United States is $65,850, which is significantly higher than the threshold for high-income status. Other high-income countries include Canada, Japan, and countries in Western Europe. It’s worth noting that the classification of a country as high-income or not is based on a specific income threshold set by the World Bank and does not necessarily reflect the overall standard of living or quality of life in that country.