How to Calculate Per Capita Income

Wednesday 26 October 2011

        1

        To calculate per capita income, you must first know the Total Personal Income and the Population for the area in which you want to determine Per Capita Income.
        2

        To find the per capita income of an area, use the following formula:

        pci = i/P

        Where:
        pci = per capita income
        i = total personal income
        P = total population
        3

        Example of per capita income calculation:
        In 2006, the United States had a total personal income of $10,968,393,000,000. The total population of the U.S. in 2006 was approximately 300,000,000. Therefore, the per capita income of the United States in 2006 is:
        pci = $10,968,393,000,000 / 300,000,000
        pci = $36,561

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