Money
Interactive: Visualizing Median Income For All 3,000+ U.S. Counties
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Interactive: Visualizing Median Income for All 3,000+ U.S. Counties
When thinking about the United States and its economy, we often think in terms of maps.
That’s why we have previously visualized the country’s $18 trillion economy by comparing specific regions to similarly sized countries. It’s also why we have shown the extreme variance in population distribution across counties, or highlighted the average income of the “Top 1%” throughout the country.
But there is perhaps nothing more telling or interesting to explore than the “granddaddy” of all economic maps: an interactive visualization of median household income.
That’s why today’s fantastic interactive map from Overflow Data is such a treat. It covers all 3,007 U.S. counties using color coding to show the richest and poorest counties based on median income, and it also allows users to drill down to the stats on counties at the state level.
Coasts, Mountains, and Oil
While the areas around coastal cities like San Francisco, Los Angeles, New York City, Boston, or Washington, D.C. are often thought of as the wealthier parts of the country, this map helps reveal two other “belts” in the country with median incomes well above the national average of $53,889.
The first is in the mountains through states like Utah, Colorado, Wyoming and even parts of Nevada – where there is a cluster of more than 40 counties with median incomes of $60,000 or above. Aside from upscale ski areas in places like Summit County, UT or Jackson, WY, the counties in this belt also feature cities like Boulder, CO, or Salt Lake City, UT.
Areas that are rich in natural resources, such as parts of Alaska, Texas, and North Dakota, also tend to have more counties with above average median incomes. For example, Williams County, ND, is in the middle of the Bakken oilfield – and the median household income there is $88,013.
In Alaska, the northernmost county of North Slope Borough has less than 8,000 residents, but they boast a median household income of $72,576.
Tougher Times
On this map, the less wealthy areas are also very evident – and they tend to be most concentrated in the Southeast region of the country.
Many states, including ones like Kentucky, Alabama, Mississippi, Montana, Louisiana, Missouri, New Mexico, Arkansas, Texas, West Virginia, North Carolina, South Carolina, and South Dakota, all have some counties that are at the very low end of median income spectrum.
More specifically, there are only two counties in the country that have income levels below $20,000: Sumter County, AL, and McCreary County, KY.
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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