Quick Answer: Which State Has The Most Disposable Income?

Which state has the highest average income?

Washington, D.C.States and territories ranked by median household incomeRankState or territory20181Washington, D.C.$85,2032Maryland$83,2423New Jersey$81,7404Hawaii$80,21253 more rows.

What age group has the highest disposable income?

During the year 2018/2019, the highest average amount of disposable income for any age group occurred in the 45 to 54 year-old group, at 44.510 GBP. The age group with the lowest average disposable income were those aged 85 and over.

What age group spends the most money?

Between 45-54 Years – $64,781 in spending (64.6% of total income) This age range is notable because it has both the highest income and the highest spending.

What country has the highest salary?

LuxembourgAccording to the OECD Global Report, the country which pays highest salary in the world is Luxembourg, here a workers gets average salary of Rs. 40 lacs per year….The size of the world’s big economies is as follows:Luxembourg. … United States of America. … Switzerland. … Ireland. … Norway. … Australia. … Netherlands. … Denmark.More items…•

Does the US have the highest standard of living?

The standard of living in the United States is high by the standards that most economists use, and for many decades throughout the 20th century, the United States was recognized as having the highest standard of living in the world.

How do you determine disposable income?

Disposable income is calculated by subtracting income taxes from income. For most people who receive a paycheck, disposable income is the net amount they receive in their check. For example, suppose a household has an income of $250,000 and it pays a 37% tax rate.

What is real disposable income?

Disposable income is personal income that remains after direct taxes and government charges have been paid. Real disposable income is the post tax and benefit income available to households after an adjustment has been made for price changes.

Who has the most disposable income?

The United States, with its 326.7 million people,3 tops the list with a disposable income per capita measure of $53,122. … The small country of Luxembourg, with an estimated population of about 608,000 people in 2018,6 had $47,138 in disposable income per capita that year, putting it second in the world.More items…•

What is the disposable income in the US?

USD 45 284 a yearIn the United States, the average household net-adjusted disposable income per capita is USD 45 284 a year, much higher than the OECD average of USD 33 604 a year, and the highest figure in the OECD.