CHART: Incomes increase across US, but metro areas outpace others

Personal income grew across the vast majority of the U.S. last year, increasing in more than 97% of counties, according to annual income data released last month by the Bureau of Economic Analysis. However, that growth was uneven, with metropolitan areas experiencing a 5.7% increase in personal income while nonmetropolitan areas saw a 4.8% increase.

The national average change in per-capita personal income was 4.9%, and Missouri fell just below that at 4.4%. The state with the smallest per-capita change was Kentucky at 3.6%. The state with the greatest change was Wyoming at 7.1%.

In Missouri, Ste. Genevieve county saw the largest increase in per-capita personal income at 9.9%. In contrast, Atchison County saw a 9% decrease in per-capita personal income, the biggest loss of any Missouri county.

As a whole, personal income has generally increased for Missouri and for the country over the past 20 years. In 2018, U.S. per-capita personal income was $54,446. Missouri’s was $47,746.

Tags:, ,

Leave a Reply

Have you heard?

Missouri Business Alert is participating in CoMoGives2019!

Find out how we plan to use your gift to enhance training and programming for our students