JC Lupis | Marketing Charts | Mon, 07 Dec 2015 14:00:35 +0000

Source: US Bureau of Economic AnalysisBEA-Top-10-States-by-PCE-in-2014-Dec2015

    Notes: The Bureau of Economic Analysis has released for the first time an analysis of personal consumption expenditures (PCE) by state, measuring 16 expenditure categories (8 categories of goods, 7 categories of services, and net expenditures of non-profit institutions serving households). In looking at per capita PCE in 2014, the analysis notes that it is highest in Massachusetts ($48,020), North Dakota ($47,737), New Hampshire ($46,633) and Alaska ($46,229), while exceeding $55,000 in Washington, DC ($55,141).

    The average per capita PCE across all states was $37,196, up 4.2% year-over-year. Growth in PCE was highest in North Dakota (7.4%), Colorado (5.7%) and Texas (5.7%).

    Meanwhile, per capita PCE was highest:

    • In Maryland for housing and utilities ($9,146 versus the national average of $6,720);
    • In Alaska for healthcare ($9,303 versus the average of $6,128);
    • In Vermont for food and beverages purchased for off-premises consumption ($4,104 versus $2,780 average); and
    • In North Dakota for gasoline and other energy goods ($4,124 versus $1,258 average).

    Related: Baby Boomers’ Spending Trends, by Category

      About the Data: The following services are included in PCE estimates: housing and utilities, health care, transportation services, recreation services, food services and accommodations, financial services and insurance, and other services.

      The following goods are included: food and beverages purchased for off-premises consumption; clothing and footwear; gasoline and other energy goods; other non-durable goods; motor vehicles and parts; furnishings and durable household equipment; recreational goods and vehicles; and other durable goods.

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