In 2023, Switzerland led the ranking of countries with the highest average wealth per adult, with approximately ******* U.S. dollars per person. Luxembourg 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 old 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 the 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.

Uruguay and Chile were the Latin American countries with the highest wealth per adult. In 2021, an Uruguayan adult had, on average, 57,726 U.S. dollars worth of financial and non-financial assets, whereas Chileans' mean wealth stood at 54,639 dollars per adult. Argentina was the country with the lowest average wealth in the region, at only 10,446 dollars per adult.

In Europe, the variation in average amounts of financial wealth per adult varied considerably as of 2022, from approximately 449,000 U.S. dollars in Switzerland to roughly 1,200 U.S. dollars in Azerbaijan. In Europe, the overall average financial wealth per adult as of 2022 was 84,308 U.S. dollars. In terms of private wealth, Europe held the second highest value in the world, after North America.

What is financial wealth?

Financial wealth, also known as financial assets or liquid assets can include wealth that an individual has in the forms of cash, stocks, bonds, mutual funds, and bank deposits. In addition to financial wealth, wealth can also be measured in other assets, called non-financial wealth. This includes physical assets, such as real estate, land, vehicles, jewelry, and art, just to name a few.

Where do most wealthy individuals live?

Individuals with a net worth over one million U.S. dollars are called high-net worth individuals (HNWI). The United States was the home country to the highest number of HNWIs in 2021. China followed, although their number of HNWIs did not even reach one third of the number in the United States. In Europe, Switzerland is the country with the highest average financial wealth per adult, but with its small population size, the number of HNWIs does not come near the numbers in the United Kingdom, Germany, France, and Italy – the European countries with the highest number of HNWIs. Considering Switzerland’s small population size, however, it is the country in the world with the highest proportion of millionaires.

In 2018, the median wealth per adult in Singapore was at just under 97 thousand U.S. dollars. In that year, about 45 percent of the adult population had wealth valued between one hundred thousand to one million U.S. dollars. This puts Singapore in the high-income country category.

In 2022, the median wealth of every adult in the Philippines amounted to 3,155 U.S. dollars, indicating an increase from the previous year. The median wealth per Filipino adult fluctuated between 2012 and 2022.

In 2022, the median wealth per adult in Japan amounted to around 103.7 thousand U.S. dollars, down from 117.1 thousand dollars in the previous year. Financial assets of households in Japan exceeded 2,000 trillion Japanese yen in 2022, with cash and deposits accounting for more than 50 percent.

In 2023, the estimated wealth per adult in Hong Kong was approximately ******* U.S. dollars, the highest level of wealth per adult in the Asia-Pacific region. This was followed by Australia, at around ******* U.S. dollars per adult.

Graph and download economic data for Real Median Personal Income in the United States (MEPAINUSA672N) from 1974 to 2023 about personal income, personal, median, income, real, and USA.

In 2022, the estimated net wealth per adult in the Asia-Pacific region was approximately 61.15 thousand U.S. dollars. This figure represents a decrease form the previous year.

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.

About this dataset

Context

The dataset presents median household incomes for various household sizes in Superior, NE, as reported by the U.S. Census Bureau. The dataset highlights the variation in median household income with the size of the family unit, offering valuable insights into economic trends and disparities within different household sizes, aiding in data analysis and decision-making.

Key observations

• Of the 7 household sizes (1 person to 7-or-more person households) reported by the census bureau, Superior did not include 6, or 7-person households. Across the different household sizes in Superior the mean income is $71,845, and the standard deviation is $28,118. The coefficient of variation (CV) is 39.14%. This high CV indicates high relative variability, suggesting that the incomes vary significantly across different sizes of households.
• In the most recent year, 2021, The smallest household size for which the bureau reported a median household income was 1-person households, with an income of $25,039. It then further increased to $91,492 for 5-person households, the largest household size for which the bureau reported a median household income.

https://i.neilsberg.com/ch/superior-ne-median-household-income-by-household-size.jpeg" alt="Superior, NE median household income, by household size (in 2022 inflation-adjusted dollars)">

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates.

Household Sizes:

• 1-person households
• 2-person households
• 3-person households
• 4-person households
• 5-person households
• 6-person households
• 7-or-more-person households

Variables / Data Columns

• Household Size: This column showcases 7 household sizes ranging from 1-person households to 7-or-more-person households (As mentioned above).
• Median Household Income: Median household income, in 2022 inflation-adjusted dollars for the specific household size.

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 Superior median household income. You can refer the same here

Women and Men in Spain: Average annual net income per household, person and consumption unit, by type of household. Annual. National.

Living Conditions Survey (LCS): Income per person and consumption unit, by degree of urbanisation. Annual. National.

Data and insights on Wealth Distribution in India - share of wealth, average wealth, HNIs, wealth inequality GINI, and comparison with global peers.

About this dataset

Context

The dataset presents median household incomes for various household sizes in Phoenix, NY, as reported by the U.S. Census Bureau. The dataset highlights the variation in median household income with the size of the family unit, offering valuable insights into economic trends and disparities within different household sizes, aiding in data analysis and decision-making.

Key observations

• Of the 7 household sizes (1 person to 7-or-more person households) reported by the census bureau, Phoenix did not include 3, 5, or 7-person households. Across the different household sizes in Phoenix the mean income is $74,680, and the standard deviation is $34,063. The coefficient of variation (CV) is 45.61%. This high CV indicates high relative variability, suggesting that the incomes vary significantly across different sizes of households.
• In the most recent year, 2021, The smallest household size for which the bureau reported a median household income was 1-person households, with an income of $25,807. It then further increased to $104,424 for 6-person households, the largest household size for which the bureau reported a median household income.

https://i.neilsberg.com/ch/phoenix-ny-median-household-income-by-household-size.jpeg" alt="Phoenix, NY median household income, by household size (in 2022 inflation-adjusted dollars)">

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates.

Household Sizes:

• 1-person households
• 2-person households
• 3-person households
• 4-person households
• 5-person households
• 6-person households
• 7-or-more-person households

Variables / Data Columns

• Household Size: This column showcases 7 household sizes ranging from 1-person households to 7-or-more-person households (As mentioned above).
• Median Household Income: Median household income, in 2022 inflation-adjusted dollars for the specific household size.

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 Phoenix median household income. You can refer the same here

Key information about South Korea Household Income per Capita

• South Korea Annual Household Income per Capita reached 19,208.928 USD in Dec 2024, compared with the previous value of 19,230.954 USD in Dec 2023.
• South Korea Annual Household Income per Capita data is updated yearly, available from Dec 2003 to Dec 2024, with an averaged value of 14,290.376 USD.
• The data reached an all-time high of 19,230.954 USD in Dec 2023 and a record low of 7,685.194 USD in Dec 2003.
• In the latest reports, Retail Sales of South Korea dropped 0.473 % YoY in May 2023.

CEIC calculates Annual Household Income per Capita from quarterly Monthly Household Income multiplied by 3 and quarterly Average Household Size and converts it into USD. Statistics Korea provides Household Income in local currency and Average Household Size. Federal Reserve Board average market exchange rate is used for currency conversions. Household Income excludes single person and farm households. Household Income per Capita prior to 2019 is based on old methodology.

Russia Purchasing Capacity: Avg Monthly Household Income per Capita: Jumper for Adults data was reported at 16.400 Unit in 2017. This records a decrease from the previous number of 16.900 Unit for 2016. Russia Purchasing Capacity: Avg Monthly Household Income per Capita: Jumper for Adults data is updated yearly, averaging 10.500 Unit from Dec 1993 (Median) to 2017, with 25 observations. The data reached an all-time high of 17.900 Unit in 2015 and a record low of 2.900 Unit in 1993. Russia Purchasing Capacity: Avg Monthly Household Income per Capita: Jumper for Adults data remains active status in CEIC and is reported by Federal State Statistics Service. The data is categorized under Russia Premium Database’s Household Survey – Table RU.HD002: Purchasing Capacity: Average Household Income per Capita: Annual.

IIA19 - Median earned income per person. Published by Central Statistics Office. Available under the license Creative Commons Attribution 4.0 (CC-BY-4.0).Median earned income per person...

Comprehensive tax average income statistics form for each type of income in each county and city. Unit: Amount (in thousand yuan)

Argentina PHHS: Urban: By HH Income Per Capita Level: Per Capita: Population: 3rd Decile data was reported at 3,648.733 Person th in Dec 2024. This records an increase from the previous number of 3,455.181 Person th for Sep 2024. Argentina PHHS: Urban: By HH Income Per Capita Level: Per Capita: Population: 3rd Decile data is updated quarterly, averaging 3,282.452 Person th from Sep 2003 (Median) to Dec 2024, with 82 observations. The data reached an all-time high of 3,889.251 Person th in Jun 2020 and a record low of 2,669.445 Person th in Jun 2004. Argentina PHHS: Urban: By HH Income Per Capita Level: Per Capita: Population: 3rd Decile data remains active status in CEIC and is reported by National Institute of Statistics and Censuses. The data is categorized under Global Database’s Argentina – Table AR.H021: Urban Household Income Level: Permanent Household Survey. The Permanent Household Survey data Sep 2007 is not available due to a strike that prevented the completition of the survey by the source. 2. Q3 2015, Q4 2015 and Q1 2016 data point for this series has not been released by INDEC. Data points will be uploaded once becomes available from the source.