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.
Per-capita-income Sentence Examples
There was a decline in gross national product and in per capita income.
In 2008, the city had a population of 721,169 residents and a per capita income of $13,742 per year.
Brookville, New York, represents the other end of the spectrum in regards to income distribution within the U.S. The city has an average household income of $328,404, average net worth of $1,670,075, and a per capita income of $84,375.