Cost Per Capita Calculator

Formula

The formula to calculate the Cost Per Capita (C) is:

\[ C = \frac{T}{P} \]

Where:

Cost Per Capita: A measure of the average cost per person in a given population. It is often used in economics, public policy, and finance to assess the distribution of costs across a population. For example, it can be used to determine the average cost of public services, healthcare, or infrastructure projects per person. By understanding the cost per capita, policymakers and analysts can make more informed decisions about resource allocation and budgeting.
Total Cost (T): The overall cost that needs to be distributed across the population.
Population (P): The total number of people in the given population.

Let's say the total cost is $500,000 and the population is 10,000. Using the formula:

\[ C = \frac{500,000}{10,000} \]

We get:

\[ C = 50 \]

So, the cost per capita is $50.