In 2024, Switzerland led the ranking of countries with the highest average wealth per adult, with approximately ******* U.S. dollars per person. The United States was ranked second with an average wealth of around ******* U.S. dollars per adult, followed by Hong Kong SAR. However, the figures do not show the actual distribution of wealth. The Gini index shows wealth disparities in countries worldwide. Does wealth guarantee a longer life? As the adage goes, “money can’t buy you happiness,” yet wealth and income are continuously correlated to the quality of life of individuals in different countries around the world. While greater levels of wealth may not guarantee a higher quality of life, it certainly increases an individual’s chances of having a longer one. Although they do not show the whole picture, life expectancy at birth is higher in the wealthier world regions. Does money bring happiness? A number of the world’s happiest nations also feature in the list of those countries for which average income was highest. Finland, however, which was the happiest country worldwide in 2022, is missing from the list of the top twenty countries with the highest wealth per adult. As such, the explanation for this may be the fact that a larger proportion of the population has access to a high-income relative to global levels. Measures of quality of life Criticism of the use of income or wealth as a proxy for quality of life led to the creation of the United Nations’ Human Development Index. Although income is included within the index, it also has other factors taken into account, such as health and education. As such, the countries with the highest human development index can be correlated to those with the highest income levels. That said, none of the above measures seek to assess the physical and mental environmental impact of a high quality of life sourced through high incomes. The happy planet index demonstrates that the inclusion of experienced well-being and ecological footprint in place of income and other proxies for quality of life results in many of the world’s materially poorer nations being included in the happiest.

In 2023, four Caribbean nations were the countries with the highest gross national income per capita in Latin America and the Caribbean. On average, the national gross income amounted to around 31,990 U.S. dollars per person in the Bahamas, an island country which also had one of the highest gross domestic product per capita in this region. Outside the Caribbean Excluding the Caribbean, the economies with the highest national income per capita are generally located in South America, with the exceptions of Panama, Costa Rica and Mexico. Guyana leads among continental states with a national income of around 20.360 U.S. dollars per person. Gross national income (GNI) is the aggregated sum of the value added by residents in an economy, plus net taxes (minus subsidies) and net receipts of primary income from abroad. The biggest economies Brazil and Mexico are still miles ahead in the race for the biggest economy of Latin America. As of 2023, both nations exceeded the two trillion U.S. dollars mark in their Gross Domestic Product (GDP). While Argentina's GDP, third place, slightly surpassed the 600 billion U.S. dollars. Nonetheless, both nations also ranked as the most populated by far in the region.

The average for 2021 based on 71 countries was 27.53 percent. The highest value was in Colombia: 43.7 percent and the lowest value was in Slovakia: 19.1 percent. The indicator is available from 1963 to 2023. Below is a chart for all countries where data are available.

Of the seven largest developed economies, in 2023, the United States had the highest average wage by a significant margin at over 77,000 U.S. dollars per year. Canada had the second highest annual average wages, followed by Germany. Meanwhile, Japan had the lowest average wages out of the seven largest developed economies.

Graph and download economic data for Constant GDP per capita for High Income Countries (NYGDPPCAPKDHIC) from 1960 to 2024 about per capita, income, and GDP.

The average for 2024 based on 177 countries was 27291 U.S. dollars. The highest value was in Singapore: 132570 U.S. dollars and the lowest value was in Burundi: 836 U.S. dollars. The indicator is available from 1990 to 2024. Below is a chart for all countries where data are available.

In 2023, the United States had the highest gross household disposable income per capita in OECD countries adjusted for purchasing power parity. Their disposable income per capita was over ****** U.S. dollars. Luxembourg followed in second with around ****** U.S. dollars, with Switzerland in third.

Key information about Russia Household Income per Capita

• Russia Annual Household Income per Capita reached 8,179.123 USD in Dec 2024, compared with the previous value of 7,549.747 USD in Dec 2023.
• Russia Annual Household Income per Capita data is updated yearly, available from Dec 1992 to Dec 2024, with an averaged value of 5,882.623 USD.
• The data reached an all-time high of 9,660.697 USD in Dec 2013 and a record low of 183.584 USD in Dec 1992.
• In the latest reports, Retail Sales of Russia grew 5.200 % YoY in Dec 2024.

CEIC calculates Annual Household Income per Capita from Monthly Average Household Income per Capita multiplied by 12 and converts it into USD. Federal State Statistics Service provides Average Household Income per Capita in local currency. The Bank of Russia average market exchange rate is used for currency conversions.

Key information about US Household Income per Capita

• United States Annual Household Income per Capita reached 40,722.000 USD in Dec 2023, compared with the previous value of 39,167.917 USD in Dec 2022.
• US Annual Household Income per Capita data is updated yearly, available from Dec 1984 to Dec 2023, with an averaged value of 21,116.200 USD.
• The data reached an all-time high of 40,722.000 USD in Dec 2023 and a record low of 9,024.615 USD in Dec 1984.
• In the latest reports, Retail Sales of US grew 0.967 % YoY in May 2023.

CEIC calculates Annual Household Income per Capita from annual Household Income and Average Household Size. U.S. Bureau of Labor Statistics provides Household Income and Average Household Size.

The "**Salary Data Worldwide**" dataset provides insights into wage statistics across different countries and continents. It includes information on median, average, lowest, and highest salaries, categorized by country and continent. This dataset can be valuable for analyzing salary disparities and trends worldwide.

Columns:

country_name - The name of the country. continent_name - The name of the continent where the country is located. wage_span - The frequency of salary data (e.g., Monthly). median_salary - The median salary in the country/region. average_salary - The average salary in the country/region. lowest_salary - The lowest reported salary in the country/region. highest_salary - The highest reported salary in the country/region. This dataset is a valuable resource for conducting global salary analyses, understanding salary distributions, and making cross-country salary comparisons. It can be used by data analysts, researchers, and policymakers interested in labor market trends and salary-related insights.

Usage: This dataset is suitable for exploratory data analysis (EDA), statistical analysis, and creating data visualizations to better understand salary data trends across countries and continents.

Acknowledgments: The data sources for this dataset may vary, and it's important to cite the original sources when using the dataset for analysis or research.

Graph and download economic data for Gross Domestic Product Per Capita for High Income Countries (NYGDPPCAPCDHIC) from 1960 to 2024 about per capita, income, and GDP.

Graph and download economic data for Real Median Household Income in the District of Columbia (MEHOINUSDCA672N) from 1984 to 2024 about DC, households, median, income, real, and USA.

About this dataset

Context

The dataset presents the mean household income for each of the five quintiles in Country Club Hills, IL, as reported by the U.S. Census Bureau. The dataset highlights the variation in mean household income across quintiles, offering valuable insights into income distribution and inequality.

Key observations

• Income disparities: The mean income of the lowest quintile (20% of households with the lowest income) is 17,156, while the mean income for the highest quintile (20% of households with the highest income) is 251,340. This indicates that the top earners earn 15 times compared to the lowest earners.
• *Top 5%: * The mean household income for the wealthiest population (top 5%) is 457,555, which is 182.05% higher compared to the highest quintile, and 2667.03% higher compared to the lowest quintile.

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2019-2023 5-Year Estimates.

Income Levels:

• Lowest Quintile
• Second Quintile
• Third Quintile
• Fourth Quintile
• Highest Quintile
• Top 5 Percent

Variables / Data Columns

• Income Level: This column showcases the income levels (As mentioned above).
• Mean Household Income: Mean household income, in 2023 inflation-adjusted dollars for the specific income level.

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Country Club Hills median household income. You can refer the same here

Luxembourg had the highest average annual wage in Europe in 2024, at approximately ****** U.S. dollars when adjusting for purchasing power parity (PPP). Greece, which had an average annual salary of less than *******U.S dollars a year, had the lowest among the countries provided in this statistic.

The average for 2024 based on 58 countries was 58042 U.S. dollars. The highest value was in Singapore: 132570 U.S. dollars and the lowest value was in Barbados: 19946 U.S. dollars. The indicator is available from 1990 to 2024. Below is a chart for all countries where data are available.

Graph and download economic data for Constant GDP per capita for Low Income Countries (NYGDPPCAPKDLIC) from 1980 to 2024 about per capita, income, and GDP.

Key information about Taiwan Household Income per Capita

• Taiwan Annual Household Income per Capita reached 16,605.530 USD in Dec 2023, compared with the previous value of 16,714.808 USD in Dec 2022.
• Taiwan Annual Household Income per Capita data is updated yearly, available from Dec 1984 to Dec 2023, with an averaged value of 9,995.654 USD.
• The data reached an all-time high of 17,102.731 USD in Dec 2021 and a record low of 1,969.348 USD in Dec 1984.
• In the latest reports, Retail Sales of Taiwan grew 1.668 % YoY in Feb 2022.

CEIC calculates Annual Household Income per Capita from annual Average Household Income and Average Household Size and converts it into USD. The Directorate-General of Budget, Accounting and Statistics, Executive Yuan provides Average Household Income in local currency and Average Household Size. Federal Reserve Board average market exchange rate is used for currency conversions.

Sweden SE: Proportion of People Living Below 50 Percent Of Median Income: % data was reported at 11.100 % in 2021. This records an increase from the previous number of 10.100 % for 2020. Sweden SE: Proportion of People Living Below 50 Percent Of Median Income: % data is updated yearly, averaging 8.900 % from Dec 1975 (Median) to 2021, with 27 observations. The data reached an all-time high of 11.100 % in 2021 and a record low of 5.200 % in 1987. Sweden SE: Proportion of People Living Below 50 Percent Of Median Income: % data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Sweden – Table SE.World Bank.WDI: Social: Poverty and Inequality. The percentage of people in the population who live in households whose per capita income or consumption is below half of the median income or consumption per capita. The median is measured at 2017 Purchasing Power Parity (PPP) using the Poverty and Inequality Platform (http://www.pip.worldbank.org). For some countries, medians are not reported due to grouped and/or confidential data. The reference year is the year in which the underlying household survey data was collected. In cases for which the data collection period bridged two calendar years, the first year in which data were collected is reported.;World Bank, Poverty and Inequality Platform. Data are based on primary household survey data obtained from government statistical agencies and World Bank country departments. Data for high-income economies are mostly from the Luxembourg Income Study database. For more information and methodology, please see http://pip.worldbank.org.;;The World Bank’s internationally comparable poverty monitoring database now draws on income or detailed consumption data from more than 2000 household surveys across 169 countries. See the Poverty and Inequality Platform (PIP) for details (www.pip.worldbank.org).

The average for 2024 based on 178 countries was 15841.4 U.S. dollars. The highest value was in Bermuda: 117661.27 U.S. dollars and the lowest value was in Burundi: 255.6 U.S. dollars. The indicator is available from 1960 to 2024. Below is a chart for all countries where data are available.

This dataset provides values for HOUSEHOLDS DEBT TO INCOME reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.