Which Prefecture In Japan Ranks First In Terms of "Average Annual Income" and "Average Savings"?

The prices of everything in Japan have soared, making life difficult as usual. Some people may find it challenging to save money due to increased living expenses.

While the income and expenses of each household vary, saving for future retirement expenses and children's education costs is crucial.

In addition, according to the Family Budget Survey published by the Statistics Bureau of the Ministry of Internal Affairs and Communications in May 2024, there are differences not only among households but also among regions.

If the average annual income varies by residential area, it seems that the average savings amount would also differ.

This time, we will introduce the average savings and average annual income of the 47 prefectures in Japan in the form of rankings.

Which prefectures in Japan rank in the top 10 in terms of "per capita annual income"?

First, let's take a look at the rankings of the average annual income for households of two or more people and working households in each prefecture, as stated in the "Family Budget Survey Report (Savings and Debt Edition)" by the Statistics Bureau of the Ministry of Internal Affairs and Communications.

The top 10 prefectures in terms of average income ranking are as follows:

● Rankings for households of two or more people/working households

・1st place: Tokyo: 8.16 million yen
・2nd place: Saitama Prefecture: 8.0 million yen
・3rd place: Kanagawa Prefecture: 7.66 million yen
・4th place: Fukuoka Prefecture: 7.32 million yen
・5th place: Tochigi Prefecture: 7.2 million yen
・6th place: Aichi Prefecture: 7.06 million yen
・7th place: Chiba Prefecture: 7.03 million yen
・7th place: Okayama Prefecture: 7.03 million yen
・9th place: Miyagi Prefecture: 6.72 million yen
・9th place: Gifu Prefecture: 6.72 million yen

Tokyo ranks first with an average income of 8.16 million yen.

The overall average income for households of two or more people and working households is 6.3 million yen, and there appears to be significant variation among regions and prefectures.

From the rankings, it can be observed that metropolitan areas, including Tokyo, have the highest income.

Here are the prefectures with relatively low average savings rates:

- Aomori Prefecture: 5.08 million yen
- Akita Prefecture: 5.25 million yen
- Osaka Prefecture: 5.33 million yen
- Miyazaki Prefecture: 5.39 million yen

In terms of regions, there are relatively fewer in the Tohoku region and other areas.

Savings of households with two or more people and working households

On the other hand, let's also take a look at the savings amount. According to the data from the Statistics Bureau of the Ministry of Internal Affairs and Communications, several of the top-ranking prefectures are located in the capital region.

● Rankings for households with two or more people and working households

- 1st place: Tokyo: 27.2 million yen
- 2nd place: Chiba Prefecture: 25.18 million yen
- 3rd place: Nara Prefecture: 24.32 million yen
- 4th place: Kanagawa Prefecture: 23.72 million yen
- 5th place: Aichi Prefecture: 23.41 million yen
- 6th place: Saitama Prefecture: 22.81 million yen
- 7th place: Shiga Prefecture: 22.25 million yen
- 8th place: Mie Prefecture: 22.02 million yen
- 9th place: Tokushima Prefecture: 20.79 million yen
- 10th place: Tochigi Prefecture: 20.61 million yen

The national average savings amount in Japan is 17.46 million yen, and there is a significant difference in the amounts between the top-ranking and bottom-ranking prefectures.

While it is true that areas with higher income tend to have higher savings, the rankings seem to vary based on income and savings amounts.

On the other hand, it can be observed that Aomori Prefecture has 11.47 million yen in savings, and Okinawa Prefecture has 9.63 million yen, indicating lower savings amounts in western Japan.

By comparing income and savings amounts, we can gain insights into the "characteristics" of each prefecture.

Fukuoka Prefecture ranks 4th in terms of income (7.32 million yen), but ranks 26th in savings amount (16.57 million yen), indicating a disparity.

Similarly, Okayama Prefecture ranks 8th in income (7.03 million yen), but 21st in savings (18.36 million yen), while Miyagi Prefecture ranks 9th in income (6.72 million yen), but 28th in savings (16.01 million yen).

On the other hand, there are prefectures with relatively high savings despite not having high income, such as Shiga Prefecture ranking 7th in savings (22.25 million yen), Mie Prefecture ranking 8th (22.02 million yen), and Tokushima Prefecture ranking 9th (20.79 million yen).

Shiga Prefecture has savings of 22.25 million yen and income of 6.11 million yen, ranking 28th. Mie Prefecture has savings of 22.02 million yen and income of 6.58 million yen, ranking 13th. Tokushima Prefecture has savings of 20.79 million yen and income of 6.18 million yen, ranking 26th.

By examining income and savings across different regions in Japan, we can see that high income does not necessarily equate to high savings. Some regions exhibit high savings despite having lower income.

Furthermore, there have been recent disasters in certainareas across Japan. In some regions, savings may decrease due to earthquakes or heavy rainfall.