What Is the Average Income Per Person in the U.S.?


Quick Answer

The average per capita income in the United States was $28,889 in 2014, the most recent year for which data is available. Assuming a standard 40-hour work week, this equals an average income of $13.89 per hour. For a household, the average income was $53,657.

Continue Reading
Related Videos

Full Answer

The average per capita income peaked in the United States in 2007 at $30,473, or $14.65 an hour assuming a 40-hour work week. Average income fell to $28,115 in 2011 and has been increasing since. The federal poverty line is currently set at $11,770 a year for individuals, making the average income nearly three times greater.

Learn more about Economics

Related Questions