Money
Visualizing Household Income Distribution in the U.S. by State
Each state in the U.S. is unique, with different economic prospects and opportunities available to its residents.
For example, in a state such as New York, there is a surplus of high-paying jobs available in tech and finance sectors. Meanwhile, in places like North Dakota and Alaska, there is an incredible endowment of natural resources that help create opportunity for the people living there.
Household Income by State
Today’s visualization from Reddit shows how different each state is based on annual household income distribution data.
It’s worth noting that the below data does not take into account cost of living, which can have a big impact on how far that household income goes.
The above graphic, using data from the U.S. Census Bureau, shows the household income distribution for each state.
The income for each state is broken down into six brackets (<$25k, $25k-$50k, etc), and data is sorted by the respective percentages of each state in the >$150k bracket.
Unlikely Leaders
Interestingly, the state with the highest percentage in the top bracket (>$150k) is New Jersey with 21.3% of households. The health and life sciences sectors are booming in the state – and 14 of 20 of the largest biopharmaceutical companies have operations in New Jersey. Meanwhile, important counties in the state also have proximity to big cities like New York City and Philadelphia, allowing people in the Garden State to easily commute to high-paying jobs in these metro centers.
Another leader that some may consider to be a surprise?
It’s the state of Alaska, which has the highest proportion of households (69.5%) earning >$50k per year in the entire country. The state is known for being rich in oil and gas, and part of the income for each household comes from the annual dividends of the Alaska Permanent Fund, which is worth $55 billion today.
Money
Visualizing All of the U.S. Currency in Circulation
This graphic illustrates the amount of U.S. currency in circulation globally, by denomination, based on data from the Federal Reserve.
Visualizing All of the U.S. Currency in Circulation
This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.
Have you ever wondered how much U.S. currency is in circulation?
Every year, the U.S. Federal Reserve submits a print order for U.S. currency to the Treasury Department’s Bureau of Engraving and Printing (BEP). The BEP will then print billions of notes in various denominations, from $1 bills to $100 bills.
In this graphic, we’ve used the latest Federal Reserve data to visualize the approximate number of bills for each denomination globally, as of Dec. 31, 2022.
Breakdown of U.S. Currency in Circulation
The following table lists all of the data we used to create the visualization above. Note that value figures were rounded for simplicity.
Type of Bill | Number of notes in circulation (billions) | Value ($B) |
---|---|---|
$1 | 14.3 | $14B |
$2 | 1.5 | $3B |
$5 | 3.5 | $18B |
$10 | 2.3 | $23B |
$20 | 11.5 | $230B |
$50 | 2.5 | $125B |
$100 | 18.5 | $1,850B |
$500-10,000* | 0.0004 | n/a |
*$500-10,000 bills are listed as a range, and a total circulation of 0.0004 billion. Not included in graphic.
From these numbers, we can see that $100 bills are the most common bill in circulation, even ahead of $1 bills.
One reason for this is $100 bills have a longer lifespan than smaller denominations, due to people using $100 bills less often for transactions. Some businesses may also decline $100 bills as payment.
Based on 2018 estimates from the Federal Reserve, a $100 bill has a lifespan of over 20 years, which is significantly higher than $1 bills (7 years) and $5 bills (5 years).
If you’re interested in more visualizations on the U.S. dollar, consider this animated chart which shows how the dollar overtook the British pound as the world’s most prominent reserve currency.
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