According to data, the top ten cities with the highest per capita income in 2020 are Shanghai, Beijing, Shenzhen, Guangzhou (estimated), Suzhou, Hangzhou, Nanjing, Ningbo, Xiamen and Wuxi. Among them, the per capita income of the first seven cities exceeded 60000 yuan.
According to the data, the per capita income of seven cities will exceed 60000 yuan in 2020. Shanghai is the only one that has broken the 70000 Yuan grand pass, reaching 72232 yuan. As the largest city with the largest population in urban areas, Shanghai has a large number of multinational enterprises and financial institutions such as Shanghai Stock Exchange. The headquarters economy, R & D innovation and other outstanding, thus attracting a large number of talents, and the income of these groups is higher.
Beijing’s disposable income has also reached 69434 yuan, close to 70000 grand pass. In general, the income of residents in the two top cities, Shanghai and Beijing, is in the absolute leading position in the whole country. In recent years, the three industries with the highest income in China are information transmission, software and information technology services, finance, scientific research and technology services. Beijing and Shanghai are the most concentrated areas in these high-income industries, so the average income of residents is high and the savings balance is also more.
Shenzhen, a first tier city, has developed financial, Internet and high-tech industries, and has a high income. The data show that the per capita disposable income of Shenzhen residents in 2020 is 64878 yuan, an increase of 3.8 compared with the previous year’s nominal. Guangzhou, the brother city of the same province, ranks fourth.
From the perspective of regional distribution, the top 10 cities with the highest income are mainly located in the Yangtze River Delta, Guangdong, Hong Kong, Macao, Beijing, Tianjin and Hebei, of which, the Yangtze River delta accounts for 6.
Besides Zhejiang, the income level of several county-level cities in southern Jiangsu is also quite high. The data show that the per capita income of Kunshan residents in 2020 reached 62238 yuan, Jiangyin reached 61859 yuan, which is comparable to the per capita income level of big cities such as Guangzhou and Hangzhou.