Top 10 cities with highest income in 2021:16 cities with per capita income exceeding 60,000 yuan, Shanghai, Beijing and Shenzhen with per capita income exceeding 70,000 yuan

2022-07-13 0 By

Which cities have more disposable income?By analyzing the per capita disposable income of residents in major cities (including municipalities directly under the Central Government, provincial capitals, cities separately listed in the state plan and ordinary prefecture-level cities), China Business News found that the per capita disposable income of residents in 16 cities will exceed 60,000 yuan in 2021.The top 10 cities with the highest per capita income are Shanghai, Beijing, Shenzhen, Guangzhou, Suzhou, Hangzhou, Nanjing, Ningbo, Xiamen and Wuxi.Shanghai, Beijing, Shenzhen more than 70,000 yuan, Suzhou, Hangzhou closely followed Guangzhou.Resident disposable income refers to the sum of resident’s final consumption expenditure and savings, that is, resident’s disposable income, including cash income, also including income in kind.In 2021, the country’s per capita disposable income was 35,128 yuan, up 9.1 percent in nominal terms from the previous year, according to the National Bureau of Statistics.After adjusting for inflation, personal per capita disposable income rose by 8.1% in real terms, faster than per capita GDP growth, and basically keeping pace with economic growth.Despite the low base of the previous year, per capita disposable income maintained steady growth, increasing by an average of 6.9% in nominal terms and 5.1% in real terms over the past two years.It should be noted that the data released by Guangzhou is only about urban and rural residents, but not about all residents. Here, The reporter of China Business News calculates the per capita disposable income of all residents in Guangzhou in 2021 based on the permanent population and urbanization data of Guangzhou in 2020.Among the major cities, the four first-tier cities — Shanghai, Beijing, Shenzhen and Guangzhou — continued to rank among the top four.Among them, Shanghai, Beijing and Shenzhen have exceeded 70,000 yuan, and Shanghai is close to 80,000 yuan mark.Data released by the Shanghai Municipal Bureau of Statistics showed that the per capita disposable income of Shanghai residents was 78,027 yuan, an increase of 8.0 percent over the previous year and an average increase of 6.0 percent over the past two years.Among them, the per capita disposable income of permanent urban residents was 82,429 yuan, an increase of 7.8% year-on-year and an average increase of 5.8% in the past two years.The per capita disposable income of permanent rural residents was 38,521 yuan, up 10.3 percent year on year and 7.7 percent on average in the past two years.The per capita disposable income of Beijing residents was 75,002 yuan in 2021, up 8.0 percent from the previous year, according to the Beijing Municipal Bureau of Statistics.Four categories of income increased across the board: wage income increased by 10.2%, net operating income by 15.8%, net property income by 5.7% and net transfer income by 3.5%.Shanghai and Beijing, the two largest first-tier cities, lead the country in terms of personal income.In recent years, China’s three highest income industries are information transmission, software and information technology services, finance, scientific research and technology services.And Beijing and Shanghai have the highest concentration of these high-paying industries, so the average income of residents is also high.Beijing and Shanghai are also two cities with the most prominent headquarters economy in China.For example, Beijing is home to a large number of headquarters of central soes and regional headquarters of large multinational corporations, as well as a large number of headquarters of large private enterprises that have grown up in Beijing and of enterprises that have moved to Beijing from other ports.The number of regional headquarters of large multinational companies in Shanghai ranks first in China, and the level of economic internationalization of the headquarters is the highest.In recent years, many large enterprises from Jiangsu and Zhejiang, Fujian, Anhui and other places have also moved their headquarters to Shanghai.In addition, there are many financial institutions and r&d and innovation are prominent in both places.In general, There are many high-paying jobs in Beijing and Shanghai, which attract a large number of talents, and the average income of residents is also high.After Beijing and Shanghai, Shenzhen, a first-tier city in southern China, ranked third, with per capita income exceeding 70,000 yuan for the first time.Shenzhen’s high-tech industry is very developed, and Shenzhen itself is a multi-level financial center, not only the Shenzhen Stock Exchange, but also the private equity investment is very developed.In general, Shenzhen has a high income level.Guangzhou ranked fourth with 68,907 yuan and is closing in on 70,000 yuan.However, suzhou and Hangzhou from the Yangtze River Delta are not far behind Guangzhou, with their per capita incomes reaching 68,191 yuan and 67,709 yuan respectively, ranking fifth and sixth.Among them, Suzhou, known as “the most excellent prefectural city”, has undergone rapid transformation and upgrading under the impetus of Shanghai, a strong first-tier city. In 2021, its GDP reached 2.271.83 billion yuan, and the total industrial output value of the city above the scale reached a new level of 4 trillion yuan, reaching 4130.81 billion yuan.The output of industrial robots, new energy vehicles and integrated circuits increased by 44.8 percent, 39.4 percent and 38.4 percent respectively.Ding Changfa, associate professor of economics department of Xiamen University, analyzed that Suzhou is close to Shanghai, and the spillover effect of accepting Shanghai is very significant.Whether in the early development of export-oriented economy, or in the development of suzhou’s high-tech industry in recent years, Shanghai’s service and radiation driving role is very critical to it.In terms of regional distribution, except for Beijing, nine of the top 10 cities by income are from southern China, including six from the Yangtze River Delta, two from the Pearl River Delta and one city of Xiamen from the Southern Fujian Delta.If extended to the city of per capita income of 60000 yuan of above, according to the first financial journalist statistics, a total of 16 cities in 2021 per capita income of over 60000 yuan RMB, the 16 cities are all from the eastern coastal region, the Yangtze river delta region as many as nine, the pearl river delta five, the other two are respectively in Beijing and xiamen city.By province, the 16 cities come from six provinces, including five each in Guangdong and Zhejiang, three in Jiangsu and one in Fujian, as well as the municipalities of Beijing and Shanghai.Table: 16 cities with per capita income of more than 60,000 yuan (data source: CBN reporters according to local statistics bureau, public data collation) source: CBN