Graph and download economic data for Per Capita Personal Income in Florida (FLPCPI) from 1929 to 2024 about personal income, per capita, FL, personal, income, and USA.

In 2023, the per capita personal income in Florida was 68,703 U.S. dollars. This measure of income is calculated as the personal income of the residents of a given area divided by the resident population of the area.

Graph and download economic data for Per Capita Personal Income in Miami-Dade County, FL (PCPI12086) from 1969 to 2023 about Miami-Dade County, FL; Miami; personal income; per capita; FL; personal; income; and USA.

In 2023, the median household income in Florida amounted to 72,200 U.S. dollars. This is an increase from the previous year, when the median household income in the state was 65,370 U.S. dollars. Data for the median income in the United States as a whole can be found here.

Out of all 50 states, New York had the highest per-capita real gross domestic product (GDP) in 2023, at 90,730 U.S. dollars, followed closely by Massachusetts. Mississippi had the lowest per-capita real GDP, at 39,102 U.S. dollars. While not a state, the District of Columbia had a per capita GDP of more than 214,000 U.S. dollars. What is real GDP? A country’s real GDP is a measure that shows the value of the goods and services produced by an economy and is adjusted for inflation. The real GDP of a country helps economists to see the health of a country’s economy and its standard of living. Downturns in GDP growth can indicate financial difficulties, such as the financial crisis of 2008 and 2009, when the U.S. GDP decreased by 2.5 percent. The COVID-19 pandemic had a significant impact on U.S. GDP, shrinking the economy 2.8 percent. The U.S. economy rebounded in 2021, however, growing by nearly six percent. Why real GDP per capita matters Real GDP per capita takes the GDP of a country, state, or metropolitan area and divides it by the number of people in that area. Some argue that per-capita GDP is more important than the GDP of a country, as it is a good indicator of whether or not the country’s population is getting wealthier, thus increasing the standard of living in that area. The best measure of standard of living when comparing across countries is thought to be GDP per capita at purchasing power parity (PPP) which uses the prices of specific goods to compare the absolute purchasing power of a countries currency.