per-capita income

per-capita income definition - finance
An income measure that is calculated by taking the total personal income of the residents of a given area and dividing this number by the population. Per capita income is the mean income for each person in the group. It is used to determine how wealthy the area is and provides guidance to companies considering expanding their business into the area.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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